Investment Giant Fidelity Will Let Your Teen Trade Stocks—For Free

The offerings for 13- to 17-year-olds—limited to those teenagers whose parents or guardians also invest with Fidelity—will include ways to save and deposit money, a debit card and investing capabilities, all accessible on a mobile app.

Teens will be able to buy and sell U.S. equities, Fidelity’s own mutual funds and ETFs without any fees or commissions. To open the account, a teen’s parent or guardian must enter into a brokerage agreement with Fidelity, the, and after that the account—and power to make trades—is transferred to the teen.

Parents will be able to monitor the account’s activity and will retain the ability to close the account at any time, theCrucial Quote “Fidelity is committed to responsibly supporting young investors,” Jennifer Samalis, senior vice president of acquisition and loyalty at Fidelity Investments, said in a statement. “Importantly, our goal for the Fidelity Youth Account is to encourage young Americans to learn through action and foster meaningful family conversations around financial topics.”$10.3 trillion. That’s how much money Fidelity manages. It’s one of the largest stock brokerage firms in the United States.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks making the biggest moves in the premarket: Virgin Galactic, Kohl's, Cisco Systems & moreThe stocks making the biggest moves in premarket trading include Virgin Galactic, Kohl's, Cisco Systems Investors! There is only ONE the most important thing you need to know about StockMarket - WE ARE IN THE BIGGEST STOCKMARKET BUBBLE IN HISTORY!!! 205% Ratio of StockMarket CAP to GDP!!! SIGNIFICANTLY OVERVALUED!!! DON'T LOSE YOUR MONEY!!!
Source: CNBC - 🏆 12. / 72 Read more »

Stocks making the biggest moves midday: Walmart, Snowflake, Fisker and moreThese are the stocks posting the largest moves in midday trading.
Source: CNBC - 🏆 12. / 72 Read more »

Forget the crypto chaos. Look at this underappreciated sector for stock-market gains, says strategist.Don't worry about the crypto chaos, this strategist says. Instead, he recommends investors look at this underappreciated sector for stock-market gains: energy.
Source: MarketWatch - 🏆 3. / 97 Read more »