529 plans and precious metals

70md · May 28, 2009 3:47AM

Anyone know how I can roll over my sons crummy 529 in NC into a better plan or precious metals fund or preferably hard metals? I don't qualify for tax deductions from the plans but I need some better ideas if anyone has suggestions.

stinkinlincoln · May 28, 2009 3:50AM

I would try Here

Res · May 28, 2009 3:58AM

<< <i>Anyone know how I can roll over my sons crummy 529 in NC into a better plan or precious metals fund or preferably hard metals? I don't qualify for tax deductions from the plans but I need some better ideas if anyone has suggestions. >>

Tell your son to learn how to play football really well.

Sorry, I have nothing constructive to add.

JustMakesCents · May 28, 2009 11:46AM

70md,

You can transfer your 529 to any plan offered by any state. Some offer a wide range of mutual fund options within the 529, there may be one or two that might match what you are looking for. My company (Waddell & Reed) is the AZ plan and offers a Natural Resources fund as one of the options. Not what you are looking for, but it might exist with some searching.

Jeff

70md · May 28, 2009 12:37PM

Actually I appreciate that much I don't know about many other state plans and I am going to look into that one. Anyone else that has plans in other state, your input would be appreciated.

advalorem · May 28, 2009 1:09PM

It's not a 529 fund (although T Rowe Price - a big 529 player - has a New Era fund focused upon energy, metal).

You could consider closed-end fund GTU (pure gold in a Canadian vault), closed-end fund CEF (more popular than GTU, although they own gold/silver). Both sell at a premium to net-asset-value.

You could also consider buying closed-end fund GGN, a Gabelli fund that pays a monthly distribution.

http://www.etfconnect.com has some basic info on the closed-end funds mentioned above.

Permanent Portfolio mutual fund has a solid base of precious metals and a diverse currency holdings.

David Tice's funds are quite interesting too.

Side note on 529: they are all pretty much 100% equal. Asset allocation between stocks, bonds, foreign stocks, etc. It's a faulty premise if one believes the currency is fiat in nature and their severe financial issues with the banking and economic system. I've looked at all the plans. If I had a gun to my head, I would go with Vanguard, T Rowe, or Fidelity (as 99% of people do) - and they are equal. Have to be creative if you have strong feelings one way or another on a metal/energy bias....

529 plans and precious metals

Comments

Leave a Comment