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Navigating Margin Accounts and College Savings
This chapter explores the complexities of using margin accounts for investing, particularly in a high-interest rate environment, and the associated risks of leveraging funds. It emphasizes the importance of a solid financial foundation and highlights successful investment strategies recommended by Warren Buffett. Additionally, the chapter provides guidance on setting up a 529 college savings plan for a newborn, focusing on the need to prioritize retirement savings while planning for future education costs.
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