Adam C. Harding, Financial Advisor
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This is a decent way to save, which is what you need with dollar amounts of this size. Making investments bears a cost that is typically in the form of commissions and these commissions would erode your capital significantly. While there are commission-free programs offered by large custodians, it's probably wise to use your stated plan as a savings strategy and then take the funds after three years (about $1460 by my rough estimate) and then look to implement an investment strategy.
Adam C. Harding, CFP
For informational purposes only.
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