How to Open a Kids' Investment Account (Fidelity Custodial Account Explained)

Описание: Best online investment accounts (with low fees) 👉 https://www.roadmapmoney.com/brokers

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Learn how to open an investing account for your kids with a Fidelity custodial account. No fees, no minimums, and invest with as little as $1.

Sign up for a Fidelity Custodial Investing account here 👉 https://www.fidelity.com/open-account...

What's in this video?
This video walks through each step of opening a kids investing account, including signing up, selecting the account, selecting investments, and funding the account. At the end, I talk about possible uses for the money once your kids are of legal age to take over the account.

Though I prefer Vanguard and M1 Finance as overall investing apps, both services change fees and have some limitations on custodial accounts, which I discuss in the video. Fidelity offers a no-fee way to invest, requires no account minimums, and lets you invest in fractional shares of stocks and funds, for as little as $1.

I have no affiliation with Fidelity, and received no compensation to make this video.

I am not your financial advisor, and the contents of this video are for educational and entertainment purposes only. Please do your own research before making any investing decisions (DYOR). The video is accurate as of the posting date but may not be accurate in the future.


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