Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!

Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.

    Support MFO

  • Donate through PayPal

Here Come the Teens: They Can’t Vote, but They’re Old Enough to Buy Stocks.

edited June 12 in Other Investing

Like many teenagers, Ronak Davé enjoys the videogame Roblox. But he doesn’t play much these days, preferring to trade the stock instead. He recently sold a stake in Roblox after holding it for a few weeks, notching a 25% gain, or about $200.

“I saw a pullback after looking at the technical patterns,” Davé says. “I noticed some resistance coming back and thought it would go down.” At 16, Davé isn’t your typical trader. A high school junior outside Chicago, he started trading a year ago and now spends a few hours a day on the markets ...

Fidelity investments introduced a youth account product last month for those ages 13 to 17. The accounts come with a debit card, unlimited trading, and access to nearly the entire US market - overseen voluntarily by parents …

Fidelity’s youth accounts are like a standard brokerage account with training wheels. Teens can trade all they want, but Fidelity restricts the types of stocks to U.S.listed companies, doesn’t allow options or margin trading, and recommends capping annual deposits at $30,000.

Barron’s June 14, 2021
Sign In or Register to comment.