How To — Buy Stock For Grandchildren

Pick a brokerage. Look for one with no account fees and $0 commissions .

Since children have a very long time horizon, you can afford to be aggressive. how to buy stock for grandchildren

If the grandchild has any earned income (like a summer job), you can open this. It offers tax-free growth for life—a massive advantage for a young person. Pick a brokerage

Setting up a recurring transfer of even $25 a month is often more effective than a one-time large gift. how to buy stock for grandchildren

Safer and easier. Buying an S&P 500 ETF (like VOO or SPY) gives them a tiny piece of the 500 biggest companies in the U.S.