A Responsible Way for Teenagers to Get into Investing? Maybe.

Fidelity has a discount brokerage platform just for kids called a Youth Account. It has some protections baked in, along with some opportunity to learn about investing. But there are some dangers parents should know about, too.

A teenager holds a jar full of $100 bills.
(Image credit: Getty Images)

If you read my article earlier this year about so-called “game-day-trading” apps, you’ll already know that I’m no fan of brokerage firms that encourage people to treat investing like gambling.

However, I do believe that it’s beneficial for young people to get hands-on investment experience during their formative years. This knowledge will give them a head start on understanding the importance of managing their money responsibly.

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This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the SEC or with FINRA.

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Chris Gullotti, CFP®
Financial Adviser, Partner, Canby Financial Advisors

Chris Gullotti, CFP® is a financial adviser and Partner at Canby Financial Advisors in Framingham, MA. He has an MS in Financial Planning from Bentley College. He brings a big picture view to each client's situation and works cooperatively with his clients' other financial professionals, including family attorneys, tax professionals and insurance advisers.

Securities and advisory services offered through Commonwealth Financial Network®, Member FINRA/SIPC, a Registered Investment Adviser.