[QUOTE=Rich76_911s;7801853]The only feasible way to do this is for you to run a "synthetic exchange." ....
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Originally Posted by Rich76_911s
Fidelity has a minimum balance on a brokerage account of $2500 and $8 trades. So with a few hundred bucks that is out of the question. Brokerage houses just aren't designed to have very small amounts of capital. When they do accept small capital levels they impair huge fee's. Which is why I thought doing it solo would be the smarter path. I'd encourage transaction fee's in the imaginary account too.
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Thank you for correcting me on Fidelity regarding the small amounts we're talking about here...I stand corrected. BTW, I'm pretty sure everyone on this thread is talking about "investing", not any type of high volume trading. Ian's post shows a technique for doing this in a "feasible" manner imo. I would have no qualms about seeding a "responsible" 14 year old's account. One could even put "the minimum required" of their "own" cash in there (hand's off to the youngin'), and then allow the child to invest (manage) their "own" $500 within that account. Lots o' ways to skin a dawg
ps: I'm not arguing with you, just offering a "feasible" alternative like Ian did with "his monkey"
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pps: Hey Ian...one of these days I want to see another pic of a proud grandfather holding his "Pride and Joy"
