How High Schoolers Can Start Investing

One should know all about how the market works and functions. Acquiring general knowledge relating to financial literacy is highly advisable. Understanding how the market works and how to maximize revenue from sales is necessary as it is possible to lose money in the investing world. Some places where you can learn these concepts include:

 

1. The Motley Fool: The Motley Fool is a multimedia financial services company that provides investment advice and guidance. They offer educational resources, newsletters, and online community forums to help individuals learn about investing and make profitable investment decisions.

 

1. Investopedia: Investopedia is a comprehensive online resource for investing in education. They provide articles, tutorials, and videos covering various investment topics ideal for beginners. 

 

With investing, it is necessary to open and fund a brokerage account, which is an account that lets you buy and sell investments (stocks, bonds, etc). Individuals under 18 need a custodial account that their parents can set up. Some examples of brokerage accounts suitable for minors include:

 

1. Fidelity Youth Account: Fidelity offers custodial accounts for minors, allowing parents or guardians to manage the investments until the child reaches the age of majority.

 

2. Charles Schwab Custodial Account: Charles Schwab provides custodial accounts, offering a range of investment options for minors, from stocks and bonds to mutual funds.

 

3. TD Ameritrade Custodial Account: TD Ameritrade allows parents or guardians to set up custodial accounts for minors, providing a variety of investment choices.

 

Before picking a brokerage account, it is ideal to ensure how user-friendly it is, and the fees that come along with that account. It's a good idea for parents or guardians to go through and understand the terms and conditions of the brokerage platform they choose.