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How to invest?

How can I invest in stock without having a brokerage account?

Thank you comment icon Though this may sound like an advertisement, the easiest way I've found to invest is through Robinhood. All you have to do is sign up, put in some information about yourself (SS#, address, etc.), link your bank account to deposit money, and voila. It's super simple, very easy to trade, you can access it from your phone, and the layout is extremely user friendly as well. sarah

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Noah’s Answer

You need a brokerage account if you want to invest. Custodial brokerage accounts exist which allow individuals under 18 to invest under the supervision of someone older than 18 (usually a parent/guardian). Bumper has a pretty good program that allows teens to invest which you can access here: https://www.joinbumper.com/
Thank you comment icon I appreciate this, thank you for the advice. Lusi
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Louis’s Answer

Many companies allow you to buy or sell shares directly through a direct stock plan (DSP). You can also have the cash dividends you receive from the company automatically reinvested into more shares through a dividend reinvestment plan (DRIP). You need to be of the age of majority though and not all companies offer this. Go to corporate website Chat or email and ask!
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Louis’s Answer

What about DSP?
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Kristen’s Answer

You do need a brokerage account to invest in publicly-traded stocks (check out Robinhood and E*Trade). If you are not yet 18 years old, there are some great resources that allow you to build and trade a virtual portfolio. It's a great way to start. Check out https://www.stockmarketgame.org/ and ask one of your teachers or professors to help you sign up.
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