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Children & Investing Investing in education, American-style |
You’ve got children. They may be your own, your grandchildren,
nieces, nephews, friends, but one thing is certain.
If you’ve got children under the age of 18, it is a given that you have been bombarded with information about college savings plans. You represent a key demographic group that bankers, insurance agents, brokers and financial planners covet. It’s a sure bet that you have been solicited to open some type of account, the purpose of which is to provide for your youngster’s future financial security. Even if you haven’t yet taken the plunge, you have heard all the reasons for saving for college and taken all the guilt trips. What if there were another, less intimidating but equally important, reason to save for your children’s education? Would that motivate you and your children to draw up chairs around the kitchen table and discuss simple financial principles on a periodic basis? Saving for higher education down the road not only makes “cents” but also lots of “sense,” as in common sense. At the same time you are providing for a child’s future educational experiences, you can also pass along your knowledge -- possibly gained at the school of hard knocks, if you’ve been in the market during the past 12 months -- while expanding your child’s financial horizons. Investments such as the U.S. Government Securities Savings Fund, a money market fund, invest only in short-term securities issued by the U.S. government and its agencies. These agencies’ securities typically carry a higher yield than U.S. Treasury securities while being exempt from state and local income taxes. While those features are very important to you as a responsible parent, your child may be inter-ested to learn that his or her college fund is helping to ensure future prosperity and independence for potential homeowners, farm families and students all over the United States. Federal agencies that the fund invests in are the Federal Home Loan Bank, which works in conjunction with local banks, thrifts and credit unions to provide mortgages to home buyers; Federal Farm Credit Bank, which makes loans to farmers and other agricultural endeavors; USA Association (formerly the Student Loan Marketing Association), which lends money to students for undergraduate and graduate study; and the Tennessee Valley Authority for power- and flood-related projects and maintenance in the Tennessee Valley. These agencies have been a part of the federal government for years and have a track record of assisting families and individuals in improving their lives and those of future generations. And, after all, isn’t that exactly what you want for your child? A better quality of life and the fulfillment of his or her dreams. For an investment kit and a prospectus, which includes charges and ongoing expenses, please visit us online at www.usfunds.com or call 1-800-US-FUNDS. Please read the prospectus carefully before you invest or send money. An investment in the U.S. Government Securities Savings Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or by any other government agency. Although the fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the fund. The adviser for the U.S. Government Securities Savings Fund guaranteed total fund operating expenses (as a percentage of net assets) will not exceed 0.40% through June 30, 2001. |
