Children under the age of 18 are not allowed to open an investment account themselves, so you’ll have to invest for your kid until they’re old enough — 18 in most states. If you want to get your kid interested in investing, you have options. Let’s go over my three favorite types of special accounts you can use to buy stocks for your kid.
Can kids invest in stocks?
The other way kids can invest in stocks is through a jointly owned brokerage account, which allows two or more people to sit on the account’s title and act as owners of all assets within the account.
When can a teen start investing?
1. Fidelity Youth TM app Teens can start investing on their own at age 13—with some help from a parent or guardian through the Fidelity Youth Account. The parent or guardian must have an account with Fidelity and open the Fidelity Youth Account for the teen.
