2006-07-02 12:05:07 · 6 answers · asked by xyz_duh 2 in Business & Finance ➔ Investing
If you are under 18, the brokerage account will be in trust for you, with an adult (usually a parent) as the person who actually controls the stock. Once you are over 18, normally it will be converted to your name. However, if the trust was created by a grandparent or parent who specified an older age for the transfer, you would need to go to court to get that set aside, and there's generally no good reason to do so. If the trustee does not conform the the terms of the trust, or otherwise, tries to cheat you, of course a judge would be right to intervene. Otherwise, the wishes of the person who established the trust would be upheld.
So if you're not already the beneficiary of a trust, just wait until you are over 18 to buy the stock, and there's no problem.
2006-07-02 12:13:25 · answer #1 · answered by auntb93again 7 · 0⤊ 0⤋
To own, one day old (through a UTMA or a UGMA account)
To buy, 18 or older. However a parent can place an order for a child in a UTMA or a UGMA account.
2006-07-02 18:02:00 · answer #2 · answered by stocker 3 · 0⤊ 0⤋
Babies can have stocks too. (But we prefer milk)
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2006-07-03 11:24:07 · answer #3 · answered by Anonymous · 1⤊ 0⤋
you got money and a social security number, a broker will sell you stock...
2006-07-02 12:08:37 · answer #4 · answered by duckboy007 2 · 0⤊ 0⤋
18 because you have to sign a contract
2006-07-02 12:08:28 · answer #5 · answered by Andre 2 · 0⤊ 0⤋
just have the cash,,,
2006-07-02 12:07:08 · answer #6 · answered by Anonymous · 0⤊ 0⤋