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American Funds Capital World G/I A

Any thoughts on this fund? My broker wants me to put $20,000 into it. I know it has been down this year (like almost all funds it seems).

I have $45,000 that has built up over the past 18 years in bonds that my dad got for my son's education when he was born. She suggested two $10,000 CD's as a safe but low earning investment and this fund for more potential returns, $20,000 into this fund, the other $5,000 is going to be used for incidental college expenses since he doesn't need the rest at this time as he got a fully paid scholarship to a local community college with the plan of transfering to a four year institution in the future.

With the craziness of the world economic situation right now I'm a bit wary of putting $20,000 into the fund at this time, am I being overcautious?

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Reply to
stonej
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What's the load on this fund?

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Reply to
PeterL

How old is your son? When will you want to spend the money?

Dave

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Reply to
Dave Dodson

I would say he is 18, just guessing. OP probably has two more years (two years of scholarship) before he has to draw down.

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Reply to
PeterL

Is your broker a tax adviser as well? You said "bonds" and I have a sneaking suspicion that means "savings bonds." If so, you have a bunch of tax questions to address first, and cashing out might be the last thing you'd want to do - especially for $ that went into CDs - that would make no sense at all. What kind of bonds are they?

-Tad

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Reply to
TB

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