Stocks for your minor! | Custodial account for babies to teens.
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- เผยแพร่เมื่อ 8 มิ.ย. 2024
- Okay guys. You love your child, but are you helping them financially? Did you know that starting them in stocks as a baby could give them 5X more cash compared to starting at 18? Did you even know babies could buy stocks!? Let's start!
• Stock Market Crash Course Stock Market Crash Course!
• Stock Market Noobs! Do... Stock Market NOOBS! Dos and Dont's!
Get your custodial account on Stockpile!:
www.stockpile.com/
Get your free stock on the easiest platform, Robinhood!: join.robinhood.com/donnm4
Get 2 free stocks (and 2 more worth $8-$1600/ea when you deposit $100) on WeBull!: act.webull.com/vt/CwW8DYIbksW...
Get $10 credit when you sign up and deposit $100 with M1 Finance!: m1.finance/mDbyu4iyltjk
Disclaimer:
I am not a financial advisor and am not licensed to give financial advice! As a youtuber I provide my opinions and perspectives. You should always do your own research and take action under your own terms.
You should try conservative Schwab, open a custodial account with them. Look them up. No fees.
Super helpful info! Wish my parents did this for me. Lol
I have Utma accounts @ Citibank for my children.. I wondering if i can purchase stock from the money in the utma accounts?.. Thank u
I think you should be able to, it doesn't really matter where you're getting your money from to invest. You may want to check with your bank to be safe.
Question can you use ur tax number instead of social security number
Good question! I don't believe you can, as they use it specifically to identify you as a citizen. I'll do some research and if I don't comment again assume you can't.
What website is it at 2:56?
That's the investment calculator at Dave ramsey's site. Daveramsey.com/smartvestor/investment-calculator
can you do this if your parents aren't U.S.A citizens
Good question! If you mean the parents of the child are not US Citizens, it will depend on their options for investing in the stock market. Many brokers offer custodial accounts, so it's a simple matter of asking if they offer that type of account.