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Request TvShows or Report error with existing ones, Email us at [email protected]Because minors generally cannot legally enter into the binding contracts required to open a brokerage account, they must use specialized accounts managed by an adult to buy and own stocks. Primary Ways for Minors to Buy Stocks
The most common methods for a minor to invest involve a parent or guardian acting as a "custodian" who manages the account until the minor reaches the legal age of majority (usually 18 or 21, depending on the state). The ultimate guide to investing for teens - Copper Banking
Because minors generally cannot legally enter into the binding contracts required to open a brokerage account, they must use specialized accounts managed by an adult to buy and own stocks. Primary Ways for Minors to Buy Stocks
The most common methods for a minor to invest involve a parent or guardian acting as a "custodian" who manages the account until the minor reaches the legal age of majority (usually 18 or 21, depending on the state). The ultimate guide to investing for teens - Copper Banking how to buy stocks as a minor