Site icon Investing For Kids By Kids

Brokerage Account For Child

city street photo

Photo by Nout Gons on Pexels.com

Brokerage Account For Child

The first (and most important) thing you need to do to start investing as a kid or teen is create a brokerage account. Other brokerage accounts don’t allow kids and teens to invest. Believe me, I know what you’re thinking right now: you can’t fake it. If you did, you would be getting a lot of jail time. I recommend a few brokerage accounts for kids and teens, which are listed below:

Advertisements
  1. Greenlight: This is one of the best brokerage accounts for kids and teens that’s easy to use for kids and teens. In addition, Greenlight has some cool other features such as a debit card for kids and teens (in addition to the brokerage account for kids and teens with the brokerage plan), automated allowance, and a savings account for kids and teens. It’s also easy to get your parents on board, just leave them with the website on for a few minutes and they’ll give you the ok. Also, remember that you don’t have to get a debit card if you’re parents don’t want that. Use our referral link at https://share.greenlight.com/9268582 and get $30!
  2. Fidelity Youth: This teen exclusive brokerage account requires you to be thirteen years old, so I haven’t used it yet. From what I’ve heard, it’s great. It also includes a debit card and a savings account. Once you turn eighteen, the account becomes an adult investment account for free. Check it out at https://www.fidelity.com/go/youth-account/overview
Advertisements

Also, remember that if you don’t like either of these you can always use any other brokerage account under your parent’s name, just make sure to ask permission.

Exit mobile version