Devin D. Thorpe:  Championing Social Good

Devin D. Thorpe thinks he is the luckiest person alive. After being “let go” from the best job he’d ever had—as the Chief Financial Officer of the multinational food and beverage company MonaVie—he and his wife ended up living in China for a year where he wrote Your Mark On The World and embarked on the career he’d always wanted yet hadn’t dared dream.

Now, as an author, a popular guest speaker and Forbes contributor, Devin is devoted full time to championing social good. His current life isn’t much like his past.

As an entrepreneur, Devin ran—at separate times—a boutique investment banking firm and a small mortgage company. He served as the Treasurer for the multinational vitamin manufacturer USANA Health Sciences years before becoming CFO for MonaVie. Over his career he led or advised on the successful completion of $500 million in transactions.
Devin squeezed in two brief stints in government, including two years working for Jake Garn on the U.S. Senate Banking Committee Staff and another year working for an independent state agency called USTAR, where he helped foster technology entrepreneurship during Governor Jon Huntsman’s administration.

Devin is proud to have graduated from the University of Utah David Eccles School of Business, which recognized him as a Distinguished Alum in 2006. He also earned an MBA at Cornell University where he ran the student newspaper, Cornell Business.

Today, Devin channels the idealism of his youth with the loving support of his wife, Gail. Their son Dayton is a PhD candidate in Physics at UC Berkeley (and Devin rarely misses an opportunity to mention that).

How do I choose investments for my child’s college fund?

Investing for a college fund is vitally important. How you invest the money is almost as important as how much you save. A bad investment could leave you without any college savings. Consider the following guidelines to help you invest for your child’s college savings—assuming you have at least 10 years before your child will finish college.

Take only low to moderate risk. Risk-taking increases expected returns, but also increases the probability of loss. Even with 20 years until your child finishes college, there may not be enough time to recover from big losses. Keep your college fund investments conservative.

Individual stocks, even mutual funds invested in stocks, may be too risky for most people. Virtually any stock can drop in value. Mutual funds that invest in stocks can drop dramatically—as we saw in 2008 and 2009. You don’t want to have your college fund invested in stocks when the market tanks.

This article originally appeared on FamilyHow.com.  To read the entire article, click here.

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