How to Invest As a Teenager
Talk to a parent or trusted adult.. Find a discount broker that offers custodial accounts.. Complete your application and deposit funds into your account.
Steps
Talk to a parent or trusted adult.
Talk to a parent or trusted adult.
Find a discount broker that offers custodial accounts.
Find a discount broker that offers custodial accounts.
Complete your application and deposit funds into your account.
Complete your application and deposit funds into your account.
Pick a couple of stocks that you want to buy.
Pick a couple of stocks that you want to buy.
Put the rest of your money in index funds.
Put the rest of your money in index funds.
Have a parent or trusted adult help you.
Have a parent or trusted adult help you.
Decide whether you want a traditional IRA or a Roth IRA.
Decide whether you want a traditional IRA or a Roth IRA.
Get a job to earn income.
Get a job to earn income.
Find a brokerage that offers custodial IRAs.
Find a brokerage that offers custodial IRAs.
Talk to a broker to set up your account.
Talk to a broker to set up your account.
Leave your money in the account for at least 5 years.
Leave your money in the account for at least 5 years.
Set up a monthly contribution to your investment account.
Set up a monthly contribution to your investment account.
Spread your money across different types of investments.
Spread your money across different types of investments.
Maintain an appropriate level of risk.
Maintain an appropriate level of risk.
Review your portfolio at least once a year and rebalance your investments.
Review your portfolio at least once a year and rebalance your investments.
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