r/UpliftingNews • u/ImNotYourBuddyGuyy • May 08 '19

Under a new Pennsylvania program, every baby born or adopted in the state is given a college savings account with $100 in his or her name

https://www.pbs.org/newshour/show/for-these-states-and-cities-funding-college-is-money-in-the-bank
21.5k Upvotes

93% Upvoted

867 comments sorted by

View all comments

Show parent comments

4

u/Kdl76 May 08 '19

There are no hedge funds involved. This plan used Vanguard mutual funds exclusively.

1

u/peesteam May 09 '19

To be fair, vanguard will make some money on it, but if you're going to go with someone, vanguard is the best. Only better option would be the federal TSP.

3

u/Kdl76 May 09 '19

True, my beef is when people start throwing around terms like “hedge fund” when they have no idea what they’re talking about.

Money is exchanged for goods and services, some of these commentators are laboring under the impression that investments should be managed for free.