I'm wondering if a 12-year-old child has the ability to invest. Are there any legal restrictions or guidelines that would prevent someone this age from making investments?
7 answers
Maria
Sat Nov 30 2024
Parents or guardians act as the custodians, responsible for managing the account's activity and making investment decisions.
Chiara
Sat Nov 30 2024
Minors are not permitted to open their own brokerage accounts due to legal restrictions.
BlockchainBaroness
Sat Nov 30 2024
Custodial accounts serve as a valuable tool for introducing children to the world of investing.
DongdaemunTrendsetter
Sat Nov 30 2024
Through this process, children can learn the fundamental principles of finance and investing in a safe and supervised environment.
Silvia
Sat Nov 30 2024
To facilitate investing on behalf of a minor, parents and guardians have the option of opening a custodial account.