A friend of mine, who's currently in 8th grade, has $25,000 in the
bank that he'd like to invest for college, with the idea that he'll
probably take the money out during the years 2008-2011. Normally, for
that kind of a time span, buying treasury bonds that mature in 2008,
2009, 2010, and 2011 would be a good way of investing the money. But,
seeing as interest rates on these bonds are at a historic low, this
seems like a bad idea, because we'll be locking in a low rate of
return. What would be a good alternative investment? He doesn't want
to put more than 25% of the money in stock.