The earlier you start investing, the better. Investing during the teenage years builds valuable habits, makes the most out of compound interest and has tax advantages if done in a retirement account like a Roth IRA.
Stock markets essentially act like auctions, where potential buyers name the highest price they’re willing to pay (called “the bid”) and potential sellers name the lowest price they will accept (called “the ask”).
The stock market can be a tricky place. It can be really rewarding if you choose wisely and your stocks go up – or devastatingly disappointing if they don’t. That doesn’t mean investing as a minor is off limits though!
6 Apps that Show How Teenagers Can Invest in the Stock Market
It’s easy to use and can double as a savings account for your teens. The app will teach you the basics of investing, how to trade stocks, ETFs, etc. with market capitalizations of $1 billion or greater.