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My 8 year old wants to buy stock with money in er small savings account (approx.$250). We've agreed to put $5 a week in it and she'll make one yearly purchase from here on out. Where should I go to get this stock for her? Is there an online broker who allows such a low minimum? Maybe I'm missing something but it seemed like Ameritrade required an initial $2000 minimum deposit. Local brokers want $40-50 for one trade. Any advice? Thanks! - Catherine
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