Teen Investing Made Easy: Custodial Account for Minors

Teen Investing Made Easy: The One Account You Must Have: Are you a teen eager to start investing but not sure how to open a custodial brokerage account? In this video, I break down everything you need to know about opening a custodial account for minors, so you can start your investing journey before turning 18!

I started investing at age 7, and I’ll show you step-by-step how to open a teen investing account, including the differences between a custodial account UTMA and UGMA. Learn how to invest in stocks as a teenager, the benefits of a custodial account for minors, and how buying stocks as a teenager is possible with the right setup.

Whether you're a teen eager to build wealth or a parent aiming to give your child a financial head start, understanding custodial accounts is the first step. We make investing for teens straightforward and less intimidating.

We’ll cover:
What is a custodial account for minors?
The difference between UGMA and UTMA custodial accounts
How to open a custodial brokerage account with top firms like Fidelity, Vanguard, and Charles Schwab
What info you and your parent/guardian need to get started
How to fund an investing account for teens and make your first investment

Whether you’re looking for the best way to invest as a minor or want to know more about investing accounts for teens, this guide will help you get started. Don’t let your age stop you from building wealth early!

00:00 - Investing Tips for Teens
00:34 - Understanding Custodial Accounts
01:33 - Steps to Open a Custodial Account
02:20 - Financial Advantage for Young Investors

#TeenInvesting #CustodialAccount #InvestingForTeens #UGMA #UTMA #HowToInvestAsATeenager #financialeducation #utmaaccount #stocks #financialliteracy

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The information presented in the video and the description is for educational purpose only. The presenter(s) / speaker(s) / Easy Peasy Finance are not financial advisors, and do not provide investment advise. Please consult a qualified financial advisor before making any investment decision.