The idea of a focus fund is to devote assets to your highest-conviction stock picks. It makes stock picking critical. A couple of blowups can really damage returns.

College-savings plans continue to provide welcome tax benefits and help families.

Some plans are getting better, but investors really need to be careful and do their homework.

The Smith Barney lineup is kind of thin. They seem to have spotty records in other areas of the market. You haven't seen many managers stand out.

In general, we're not too high on Federated because the performance of its funds has been poor across the board. It has started to see outflows [of investor assets] from them.

They were very quick to act and fix their systems and prevent this problem from happening again.

We recommend this fund because we like Whitman's experienced and disciplined approach.