facebookHi Finance Gurus, My 10 years old son is interested in investing . For the start i want to teach him how to invest in US ETF’s. Is there a way to open a minor account in IBKR or similar platforms ? - Seedly

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Anonymous

30 Mar 2024

General Investing

Hi Finance Gurus, My 10 years old son is interested in investing . For the start i want to teach him how to invest in US ETF’s. Is there a way to open a minor account in IBKR or similar platforms ?

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cctzjd

07 Apr 2024

Own time own target at Self Employed

Cryotosensei

06 Apr 2024

Blogger at diaperfinancingfund.blogspot.com

You can also get a Zebedee wallet, which is a Lightning Networi wallet, n accumulate satoshis from apps like Fountain

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To teach your 10-year-old son how to invest in US ETFs and open a minor account in platforms like IBKR in Singapore, you can consider setting up a custodial account. This type of account allows a parent to manage investments on behalf of a minor. IBKR offers Trust Accounts that can hold stocks for young individuals, making it a suitable option for your son's investment journey. When opening an account for your son, you may need to provide specific documents as part of the application process.

Additionally, Interactive Brokers offers Non-Professional Advisors accounts for easy management and trading across multiple accounts. Moreover, IBKR Custody Accounts cater to institutions that cannot deposit margin collateral directly with a broker/dealer, providing an alternative solution for trading stocks and options.

Besides investing, you can help your child establish a solid foundation in basic money management and budget planning. Some important financial literacy lessons you can teach your child include: A weekly allowance to teach daily budgeting, or Never ritualise tasks or attach a cost to routine activities.

You can open under your name and let him play with paper trading.

You can ask him to buy under your account?...

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