What to invest with $20k for long term (at least 15yrs)

[Richard T.]

Hi all,

So I have about $20k on 529 for my 2 kids now. They’re 5 & 2 years old. I am not planning to put more money into 529 and want to use that $20k to buy something and forget about it until kids go to college. Will accept 10% penalty when withdrawing since stock market didn’t treat me well.

I know I can’t go very far with $20k (not enough for any rental property, since I cant borrow anymore, at least for now). We live in Houston Area btw.

So, what kind of real estate and where should I put this fund on? Raw land, maybe?

Thank you so much for your inputs!

[Jon Reed]

If you want to buy something and forget about it... then do not buy real estate. Keep it in stocks and bonds.

Buying land is as close to 'buy it and forget it' (except for yearly taxes) but selling land is not easy and can take years... so you may end up with your 20K in land stuck for years after your kid's need that money for college.