How Can Kids Invest in Stocks?
Kids can invest in stocks by opening an account with the child and acquiring stocks in familiar companies to get the children interested in investing. Send kids stock certificates in a frame, and track investments together with tips from a financial planner in this free video on investments.
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Hi, there. I'm Cathy Pareto, the founder of Cathy Pareto and Associates, certified financial planner, here in Miami, Florida. In this clip, we're going to be talking about how kids can invest in stocks. Now, this is really exciting for kids to get excited about money at a young age. I think they'll become much better investors down the road if they have some experience. And one of the best ways that you can get your child interested in this is to get them engaged. Maybe open up an account with them, whether that's through a 529 plan for school or an education IRA, or even a UTMA account, which is beyond the scope of this clip. But you can acquire, you know, stocks that they know, things that they use, whether it's Disney or Mattel or Wrigley gum, get them interested in the...in the stuff that they use and the company...the companies that are behind those stocks. And a really neat website that you can look at if you want to get your child interested in this is you can actually send them stock certificates in a frame and they can track the stocks with you, and that website is www.oneshare.com, a really neat place to get your kids interested in money and stocks. And that's a little bit about getting them engaged -- kids in stocks -- and this has been Cathy Pareto in Miami, Florida.