How To Buy A Share Of Stock For A Child Guide

Designed specifically for teens (13–17) to learn how to trade with parental oversight.

Select the ticker symbol (e.g., AAPL, VOO) and buy the shares. 🏦 1. Choose the Right Account Type how to buy a share of stock for a child

The child must have earned income (like a summer job or paper route). Designed specifically for teens (13–17) to learn how

To buy stock for a minor, you generally cannot open a standard brokerage account in their name. Instead, you must open a . Choose the Right Account Type The child must

You manage the assets until the child reaches the "age of majority" (usually 18 or 21), at which point the money belongs to them entirely.

Most major brokers offer $0 commissions and "fractional shares," which allow you to buy $5 worth of an expensive stock like Amazon.

Contributions grow tax-free, and the principal can often be withdrawn for a first-time home purchase later in life. 🛠️ 2. Select a Brokerage