🧒 How to invest as a kid #shorts

Sean PanApr 21, 20230m 30s582.7K viewsScore 75
Regulations & Compliance
beginner
LLC Structure
M

Summary

AI-generated

This video explains how minors can invest in the stock market using a custodial account that is set up by a parent or guardian. These funds are then transferred to them when they turn 18.

Key insights

  • The custodian controls the investment strategy until the beneficiary (the child) reaches the age of majority (18-25 depending on the state).

Mistakes to avoid

  • Not every brokerage offers custodial accounts.

Tools & resources

  • M1 Financetool

    Brokerage offering custodial accounts.

Curated by Learn STR by GoStudioM · Summary & key insights generated by AI · Reviewed by editorial