I'm 16 and currently got a brokerage account at interactive brokers. This is under my mom's name. My dad and mom also wanted to invest but found the login and account making process of ibrk account too hard and didn't want to do it. Now my dad asked if he could invest with me. He would just like me invest 100 eur a month and a one time 1k so we are at the same amount of shares owned.
I thought this would be possible and not too hard to do as you will invest more and the more you invest the harder it grows. If I wouldn't do it my parents will go with the banks investment platform and they have 3.9% annual fee wich gets higher depending the amount stocks and money.
Is it handy or even possible to do the shared investing? And my dad had a question ; what if I wanna quit 5 elyear from now? And you would continue?. I thought we could split and I could just continue
Thanks for all advice beforehand
Submitted August 03, 2023 at 02:54AM by Beneficial-Memory598 https://ift.tt/21hLNJb
