Monday 28 March 2011

How can minors make money on the stock market?

To purchase
financial securities such as stocks, you will need a brokerage account. To do this, however, you
will either need an adult co-signer or have to wait until you are an adult. UK law, like that of
most countries including the rest of the EU and the US, requires a co-signer for minors to open
brokerage accounts. I believe the cutoff is 18. I agree that this is unfair, but it is the way
the law is written. When they finally let you vote, perhaps you should try to find candidates
who want to expand the rights of young people.

But you may be able to get a
co-signer.

Whenever you do open an account, I strongly recommend choosing a
brokerage with low trade fees. Currently there is an online brokerage called Robinhood which has
no...

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