Schwab Teen Investor: Empowering Young Investors
Durham News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Charles Schwab introduces Schwab Teen Investor account, allowing kids aged 13-17 to invest with parental guidance. No minimum deposit, zero commissions, and no fees. Teens complete an online course to receive $50 in fractional shares. Parents have full access to monitor and trade. Survey shows strong interest, with teens preferring steady growers like AI, video games, and social media. This account differs from traditional custodial accounts, offering flexibility and education incentives.
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