Can you see the nonsense of it?
Apart from all that you cannot buy shares if you are a minor.
Hello, this question will be directed towards the finance and economy readers however if you have personal experience in the matter please feel free to reply. So here is the situation I am in. In July I turn 16 years old, and with this my parents felt it best to start preparing me for my “fiscal future” if you will. Now, my parents and I have opened a bank account in my name, and they are generously putting in a set amount of funds every week for me to do as I see fit. I know I am too young to start building my own personal credit; however investing has no specific age requirement that I am aware of and the stock market has always intrigued me. I feel as though there are many risks in this area however, but am not yet educated enough in the matter to come to my own conclusion, so this where I need advice. What would be my best options for setting myself up for success and what would you do in the same situation? This is an honest question so please leave honest answers; to be honest I am looking more towards the “mature” Yahoo Answer users because like they say “Age brings wisdom” (Haha at least most of the time). So thank you for reading my question and I will be eagerly awaiting your responses.
