Skip to main content
Message Font: Serif | Sans-Serif
No. of Recommendations: 0
My cousin’s son, all of 10 years old, is into stock investing, after his team won an investing game they played in school.

Now he wants to invest all his birthday and Xmas gifts in stocks for real. He will probably have $500 to start with. He has already picked Apple and Nio for his first investments.

My cousin wants to encourage his interest in investing and wants to know if she should open a brokerage account in her son’s name or in her own. Also which financial firms will open an account with a very low $500 minimum and allow investment in fractional shares of stock. I have heard of Robin Hood as it has been in the news a lot, but have no experience of it.

Thanks in advance for your recommendations.
Print the post  


In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.