🧒 How to invest as a kid #shorts

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The earlier you invest, the better chance you have at becoming a millionaire.

📈 So naturally, if you can start investing when you’re a kid, you’ll be better set up for life!

❌ Unfortunately, kids under 18 years old can’t open their own brokerage accounts.

💰 But luckily, their parents/guardians/rich uncle/ grandparents can open a custodial account for them!

Essentially, the custodian is allowed to invest on a child’s behalf and the funds can be used for anything benefiting the child.

As the custodian, you control the investment strategy until the beneficiary (the child) comes of age (18-25 depending on the state)

Having an account and investing early gives them a financial advantage compared to those who only start investing in adulthood.

#younginvestor #stockmarketinvesting #stocks

*Please note that the information in this video is for educational and entertainment purposes only and should not be taken as financial or investment advice. Any investments or financial decisions you make based on the information in this video are at your own risk. The links in the description above may include affiliate commissions or referrals, and I may receive compensation from partner websites.

Sean Pan

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I admire your dedication to educating your audience. We all aim for financial stability and a better life. Achieving this is possible through wise investments, frugal living, and careful budgeting. I'm grateful that I learned the importance of working hard for financial freedom at a young age.

MegatPage

You are amazing I think we need more people like Sean in the world

Hazprogamer

I’m 33 and my dad still regularly reminds me not to buy stocks. 😂

I lost so much money buying bond funds. Stocks are my only green thing. 😅

amyx

My parents would at no focus on ur study’s like I will focus on them but I also need a little bit of a head start when I’m plder

Savilol

Ya know I’m 7
Me:money money 💵 and money 💵

ChloeA-jeuj

From billy to little billy. That’s cute! ☺️

newtut

Just invest into Starbucks the moment the pumpkin spice latte comes out 💀

bWomp-sseo

Thanks your videos always help me out
You are on of my favourite youtubers
thanks sgain

shinygamer

My parents don't belive me when I say there are ways to get money online 😢

I_Love_JesusTheKing

I can definitely use this information!

BuellerJ

I tried to do this and my parents said “ calm the fuck down “

cerealiris

Hey, I'm a kid from India, and want to invest in American stocks. Are there going to be taxes for overseas stocks, should I invest in Indian stocks rather? Which stocks have high interest and grow fast? Also, should I invest in different stocks or just one? Which stocks should I invest in? Please reply!

thecryptographer