<prompt> Human: I would invest in a 529 but I want the money to be used for anything also, I think its possible that colleges will be free 18 years from now so whats the best way to invest for a newborn today? Thanks!  <response>: Focus on growth. No need for income for at least 40 years so focus on growth. Done right, you can, in the childs 3rd or 4th year of life split the fund into 2 different funds and the half you have designated for education can grow enough to pay for collegeThe rest can be used by the child once they turn 18 to form the basis of whatever investment strategy they see as the way forwardApply this philosophy: Enough money that college is do-able without taking on too much debt. but maybe not completely debt freeOn the investment side, you want the person to have enough money to do ANYTHING but NOT enough to do NOTHING!! 