Posted this over in /r/personalfinance and it was suggested I post here also.
My 11 yr old son is obsessed with learning about investing. He is saving literally every penny he finds so he can start putting his money in stocks. Here is my problem. I have no clue how to teach him about investing. I have my retirement savings in one of those target year funds because I am financially illiterate. Sad but true.
He has $300 saved so far and from what I've read he needs $1000 to open a brokerage account. More specifically I think I'm supposed to open it in my name for him. ? Oh my gosh. I sound so stupid. I really wish someone would have taught me about this topic early in my life.
Where would you start with teaching an 11 yr old how to invest? What kind of account would you open for him? Any other advice is greatly appreciated as well. Thanks!
Submitted July 04, 2017 at 09:54PM by soulkisses http://ift.tt/2snPNAq
