How can i buy a stock for a child and how will that child get paid

Asked about 2 years ago - Baldwin Park, CA

like will the chld get paid every day besides the weekend or whenever

Attorney answers (3)

  1. Jonathan H Levy

    Contributor Level 20

    4

    Lawyers agree

    Answered . I would be concerned that you do not understand how stock works. I do not know of any stock that pays daily income. Most stock does not pay a divident and those that do might pay quarterly, the annual yield could be as high as 3%. A nice present for a child might be a US Savings Bond instead.

    This is not legal advice but a general comment on society. International Law 24/7 hotline +1-202-318-2406 - Dr.... more
  2. Hillary Johns

    Contributor Level 19

    3

    Lawyers agree

    Answered . This is really more of a financial question. Can you buy stock for a child? Yes. Can you gift it to a child. Yes. How the payments work is really a question of the stock and how you purchase it. Speak with a financial advisor, tax planner, estate planner, or your cpa.

    Ms. Johns can be reached at her Woodland Hills and San Diego offices at (866) 402-4038. Her email is hjohns@... more
  3. Robert V Cornish Jr.

    Contributor Level 16

    3

    Lawyers agree

    Answered . What you would do is open a brokerage account with a bank or brokerage firm specficially for the child. A financial planner can assist you in opening the right account to suit your needs.

    The foregoing is not legal advice nor is it in any manner whatsoever meant to create or impute an attorney/client... more

Related Topics

Financial markets and services

Financial markets and services are heavily regulated industries. Transactions are overseen by several agencies, such as the Securities and Exchange Commission.

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