because im trying to invest some money
2006-08-21 11:36:53 · 8 answers · asked by Anonymous in Business & Finance ➔ Investing
yes, as long you have a SS number!
2006-08-21 11:42:15 · answer #1 · answered by Anonymous · 0⤊ 0⤋
As already stated, if you have a SSN then yes you can. If not, you can have an adult open a brokerage account in their name, but designated "FBO" (or "for the benefit of") you.
If you start putting $10 or $20 a month in a broad market basket of stocks, (or a mutual fund) at age 17, you will probably be a millionaire before you know it, & be able to retire very early!
Investment advice is worth every penny you pay for it, and this bit is free, but you might want to have your account opened at www.buyandhold.com which has very, very low commissions, and only allows you to buy companies that are almost certain to be here in the distant future.
Go for it.
2006-08-21 11:48:29 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Yes but it must be your money and good stocks may cost as much as $3000+ because to make any real money you need to buy in multiples of 100 shares.
2006-08-21 11:44:10 · answer #3 · answered by STEVE P 4 · 0⤊ 0⤋
Not till next year bud (if you want to get it on your own)... But your parents can get you a custodial acct and invest for you... You can then convert your acct to an individual brokerage acct once you turn 18..
2006-08-21 11:43:14 · answer #4 · answered by angiesdabomb 2 · 0⤊ 0⤋
If you got the money honey, they got the stocks to sell.
2006-08-21 12:03:15 · answer #5 · answered by DelK 7 · 0⤊ 0⤋
no, you must be 18 yrs old. have your parents do it for you good luck. its takes a life time to learn. ask for advice so you dint throw your money away.
2006-08-21 11:45:45 · answer #6 · answered by UFC. 1 · 0⤊ 0⤋
No you have to be 18 or older.
2006-08-21 11:43:34 · answer #7 · answered by Anonymous · 0⤊ 0⤋
Yes you can, I would sell you me, if the price is right.
2006-08-21 11:43:53 · answer #8 · answered by ? 5 · 0⤊ 0⤋