Tools for a teen to invest

[RedDuke]

Hello,

My daughter who is turning 14, saved up some money, and got interested in investing into companies she likes. Can someone recommend what platform she can use to buy fractions of shares. We live in US.

Quick google search revels this:

1. M1 Finance
2. Fidelity
3. Public
4. Robinhood
5. Betterment
6. Motif
7. Stash
8. Stockpile

Thanks

 

[fifthavenuebull]

Just want to cheer her on and say: good for her!

 

[Banjo]

https://seekingalpha.com/news/3569098-schwab-unveils-stock-slices-fractional-share-investing

 

[vanzandt]

Hello,

My daughter who is turning 14, saved up some money, and got interested in investing into companies she likes. Can someone recommend what platform she can use to buy fractions of shares. We live in US.

Quick google search revels this:

1. M1 Finance
2. Fidelity
3. Public
4. Robinhood
5. Betterment
6. Motif
7. Stash
8. Stockpile

Thanks

I remember reading this.

https://www.wsj.com/articles/schwab...-buy-and-sell-fractions-of-stocks-11571334424

I'd go with opening her a Schwab account. No fee's and great customer service.

I swear... if Bezos would do a 50:1 split.... he'd probably get an instant 5% boost in AMZN's marketcap for no other reason than... just because. Its so obvious.

edit:
oops, banjo beat me.

 

[murray t turtle]

Hello,

My daughter who is turning 14, saved up some money, and got interested in investing into companies she likes. Can someone recommend what platform she can use to buy fractions of shares. We live in US.

Quick google search revels this:

1. M1 Finance
2. Fidelity
3. Public
4. Robinhood
5. Betterment
6. Motif
7. Stash
8. Stockpile

Thanks

%%
Most all of them have have zero minimums/zero commissions/ETFs
Plenty of cheap ETFs, but it seldom pays tobuy under$5.
Most all of any major BROKERS WILL WORK;but don't use ETrade, …………………………………………………………………………………………………...

 

[Arnie]

Hello,

My daughter who is turning 14, saved up some money, and got interested in investing into companies she likes. Can someone recommend what platform she can use to buy fractions of shares. We live in US.

Quick google search revels this:

1. M1 Finance
2. Fidelity
3. Public
4. Robinhood
5. Betterment
6. Motif
7. Stash
8. Stockpile

Thanks

I hope you impress upon her the value of time. It's not so much what she buys, but to do it over a very long period.
Starting at such an early age could double her lifetime investment returns.

 

[RedDuke]

Thanks. Leaning towards Robinhood for ease of use. And yes, having these money conversations with her.

 

[GuerrillaTrading]

I hope you impress upon her the value of time. It's not so much what she buys, but to do it over a very long period.
Starting at such an early age could double her lifetime investment returns.

Absolutley! Save save save. First 10k in an index fund mirroring S&P. Second 10k in handpicked blue chip dividend paying stocks. Third 10k in more aggressive strategies. Over time this is how you build wealth.

 

[murray t turtle]

I hope you impress upon her the value of time. It's not so much what she buys, but to do it over a very long period.
Starting at such an early age could double her lifetime investment returns.

%%
Exactly;
starting @age 14 even much, much better...………………………………..
.Repeating pattern=
starting @ age14 even much, much more .HOPE this helps/it helps me.
And even a low paying investment like a 1933 miss liberty dime is worth $00.80 to a local dealer[8-10 times 1933 face value of$ oo.10

 

[themickey]

Thanks. Leaning towards Robinhood for ease of use. And yes, having these money conversations with her.

Sounds like being safe enough...
https://www.wallstreetsurvivor.com/is-robinhood-safe/