Ask Terry Questions Youth investors

Youth investors

By Terry Savage on December 11, 2024 | Investments

My 16 yr old grandson just started a part time job and wants to start investing. What steps does he take to get started and is Fidelity your recommendation?

Terry Says

Yes, it’s easiest at Fidelity. Just go to Fidelity.com and in the search bar put the words “youth account.”
But just remember that if he is going to apply for financial aid for college, assets in this account will weigh more heavily against the family.

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