Question:

Are you allowed to get a stock when you are 12?

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i am 12 and wondering whther i am allowed to invest

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  1. In the United States, you can not open a brokerage account until your 18.

    However, one of your parents can open a custodian for you. It would be in a parent's name as custodian for you.  The account would have your social security number, and when you become 18, the securities can be moved into your own account,

    I started when I was 12 and made my own investments and was trading while in high school.

    Go for it, good luck and don't ever let anyone tell you you're too young


  2. No, you are not.  Basically, you would be entering into a contract.  You can only do that if you are 18 or older.

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