How Do You Purchase Stocks For Minors?
Purchasing stocks for minors shows people under the age of 18 the value of investing. Youth have the ability to purchase stocks via an account which is started by an adult with custodial privileges. Keep in mind profits which are realized as a result of owning these stocks may be subject to taxes, even though they are not accounts owned by adults. Accounts opened for minors allow children to reap the financial rewards of their stock gains upon reaching the age of 18. Find a stock broker. Go to an investment company website, like that of Scottrade.com, to find an office location near your home. Put your zip code in to find a branch. Travel to the physical location of the stock broker or contact the office by phone to set up a custodial account for a minor. The minor and adult who is opening the account both must sign the required paperwork to make the account official. Deposit money in the custodial account via your stock broker. Choose the stocks of older companies which are less risky
