He wanted to buy his nieces and nephews something other than toys for the holidays. Stockpile was created a few years ago by Avi Lele. Are there any complaints against Stockpile?.Are there any minimum balance requirements?.How can my grandchild/child/niece/nephew buy additional stock?.Is there a limit to how much stock I can buy at one time?.Am I stuck with the stock the gift card is for?.
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Most grandparents were thinking of gifting little Johnny $50 for his birthday, not $3,300! They know companies like Disney, Hasbro, Domino’s and others.īy owning shares in these companies, kids take more of an interest.Īt the time of this writing, in order to buy one share of Amazon, you need to have close to $3,300.
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While some kids might be excited about mutual funds, most are more into individual stocks. Then there is the issue of actually investing the money and keeping the kid’s interest. While many larger brokers allow for custodial account for minors, many of the newer investing apps and brokers do not. You need their social security number and other documents just to open the account. Since they are under 18, they cannot open a brokerage account themselves.Īs simple as this sounds, it is more involved than you think. One of the biggest challenges is investing for your children, grandchildren, nieces or nephews. How Much Money Do You Need For Retirement.
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