Now teenagers can trade stocks with Fidelity’s new youth investing accounts

https://www.cnbc.com/2021/05/18/now...h-fidelitys-new-youth-investing-accounts.html

 

I wonder if their accounts will come with confetti and balloon graphics when they place trades.

 

The parent holds a stock for 10 years.
The child then buys & sells the same stock in the kiddie account, not the parents.
Would the parent then have to pay cap gains on his long term holding using FIFO accounting?

 

A child in a kiddie account buys the same stock the parent is short in the parents account.
Did the child just cover some of the parents stock?

 

It is ok as long as they cannot vote...

 

Not a bad idea, I had to open TD account for my daughter me being custodian until she turns 18. She saved up some cash and wanted to learn investing.

 

lower voting age to 16 I say

 

Get rid of voting. Have the two candidates enter Thunderdome. "Two men enter, one man leaves."

Hilary would have won 2016.

 

Fukin' A, lol!