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Non-Tech : SNMM should smut be on SI with 15 year olds like D. Miller

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To: Anthony@Pacific who wrote (38)3/13/1999 2:35:00 PM
From: Jeffrey S. Mitchell  Read Replies (1) of 174
 
Re: Everything you ever wanted to know about kids and investing

Can kids buy stocks?

A: Yes, they can. Minor children (usually children under the age of 18) can't own stock directly. But all you have to do is ask your parents to fill out a simple form to open a custodial account--which means their name appears on the account along with yours.

With their parents' help, children can buy shares in any of the thousands of companies whose stock is bought and sold on stock exchanges, such as the New York Stock Exchange (NYSE), the NASDAQ market or the American Stock Exchange (AMEX). Once you have opened an account with a stockbroker (a person who buys and sells stocks for customers), all you have to do is call your broker and tell him or her how many shares of which company you'd like to buy.


electra.com

- Jeff
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