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Reply to "college rapidly approaching: question about 529s"
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[quote=Anonymous]I'm the previous poster who put my savings for my daughter's college into cash equivalents in 2007. I wanted to add that it sounds like you are confusing two things. You have heard that you should not try to time the market. That's true. I had no way to know in 2007 that the market was about to go down and you have no way of knowing what the market will do in the next couple of years. However, the fact that you should not try to time the market does not mean that you should leave money in the market that you know you will need in the next few years. The stock market is for long-term investments; money that you will need in the next few years should be in cash or things that are close to cash. [/quote]
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