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E-trade Account for 14 year old?
Our youngest son wants to try his hand at investing. He has a few hundred $ saved and we'd like to set him up with an on-line account. A few questions:
Best to do it completely in his name and SS#? What about taxes, etc?
Is e-trade the way to go, or any other suggestions?
I'm a mutual fund guy myself (no time or patience for individual stocks), but I think he'll have fun researching and watching his stock picks rise and fall.
Thanks!
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Mike
“I wouldn’t want to live under the conditions a person could get used to”. -My paternal grandmother having immigrated to America shortly before WWll.
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