Investing carries risk, and experts from CNBC and U.S. Bank recommend having your financial house in order before starting. 8 Best Ways To Invest $1,000 in 2025 - CNBC
Workaround for Minors : If you are under 18, a parent or guardian can open a (like a UGMA or UTMA) on your behalf. requirements to buy stocks
However, before you can hit the "buy" button on that first share, there are several legal, financial, and logistical boxes you need to check. 1. Legal Requirements: Age and Identity Investing carries risk, and experts from CNBC and U
: Brokerages are required to report your investment income and capital gains to the IRS, so providing an SSN or Taxpayer Identification Number is mandatory. 2. Financial Prerequisites: The "Pre-Flight" Checklist However, before you can hit the "buy" button
: You generally must be at least 18 years old to open a standard brokerage account on your own. In some states, this requirement may be as high as 21.