Dear Mr. Suffrin: I wanted to find out information on getting kids interested in investing without a lot of money to start with.
Instead of buying young nieces and nephews savings bonds, I wanted to know if there were any programs where you can purchase a small share of stocks for kids.Any suggestions? Thanks. - Stocks in Ama
Dear Stocks: One of the most efficient ways to buy a small number of shares is to go directly to the company. Hundreds of firms sell shares directly to investors. Unfortunately, most of them set minimum investments well above $50.
Another way is to buy one share of stock in companies through www.oneshare.com.
However, depending on the stock you want to buy, one share may be more than you are willing to spend.
Another approach is to open a custodial account for each child at www.sharebuilder.com.
There are no minimums, and the commission for a one-time investment is just $4.