Unless you need every dime of your money to spend for college next year, you can probably afford to take moderate risks with your money. Invest no more than half of your savings in a solid mutual fund. Click here to browse our bookstore for great college resources. Or click the image to order.
Mutual funds are one of the exceptions.
Though they re popular with big-money people, they work for the small investor too. Better to spread your money around. One way to spread your investment is to buy shares of stock in several companies. What s more, you ll probably be buying less than 100 shares of each stock. All these pesky fees quickly eat up your meager investment capital, making it that much more difficult to achieve any gains.