Investing early increases your chances of becoming a millionaire, so starting when you’re young is ideal. While kids under 18 can’t open brokerage accounts, parents, guardians, rich relatives, or grandparents can open custodial accounts for them. The custodian can invest on the child’s behalf, providing a financial advantage that can benefit them later in life. It’s important to control the investment strategy until the child reaches adulthood. If you’re interested in opening a custodial account for your child, research and find a reputable financial institution to assist you. Remember, investing early can set your child up for financial success in the future.The earlier you invest, the better chance you have at becoming a millionaire.

📈 So naturally, if you can start investing when you’re a kid, you’ll be better set up for life!

❌ Unfortunately, kids under 18 years old can’t open their own brokerage accounts.

💰 But luckily, their parents/guardians/rich uncle/ grandparents can open a custodial account for them!

Essentially, the custodian is allowed to invest on a child’s behalf and the funds can be used for anything benefiting the child.

As the custodian, you control the investment strategy until the beneficiary (the child) comes of age (18-25 depending on the state)

Having an account and investing early gives them a financial advantage compared to those who only start investing in adulthood.

✅ ✅ If you’re interested in opening a custodial account for your child, check out this link: https://m1finance.8bxp97.net/EKEKWW

#younginvestor #stockmarketinvesting #stocks

*Please note that the information in this video is for educational and entertainment purposes only and should not be taken as financial or investment advice. Any investments or financial decisions you make based on the information in this video are at your own risk. The links in the description above may include affiliate commissions or referrals, and I may receive compensation from partner websites.

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