My son is a curious 14 year old entrepreneur. He earned a little over $1,000 last year doing odd jobs for family and neighbors! Now he’s interested in finding ways to make that money grow, but I was having a lot of difficulty finding an investment vehicle for a minor, which didn’t require me to fill out legal (i.e. expensive) paperwork.
Then, over the Christmas break from school, we stumbled across a Groupon discount on a stock purchasing program called Stockpile.
Stockpile allows you to buy fractional shares of more than 1000 + companies, including Tesla, Amazon, Apple, and Disney. The Groupon discount allows you to purchase $20 worth of stock for only $10. The best part is that you can easily open a joint account with a minor!
Stockpile has a phone app that allows you to track your stocks and graphs that show value trending. My son loves being able to see how his stock is doing each day. In fact, he enjoys it so much, he’s invested another $100 of his savings!
If you’d like to check out the Groupon deal just click here.
Hurry, the $20 for $10 Groupon promo ends April 1, 2018!