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Can a 6yr old purchase stock?

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Anonymous

14y ago
Updated: 8/19/2019

No. A 6 year cannot purchase stocks by himself. For that matter, they cannot even have an online trading account which is mandatory to buy/sell shares. But, they can be made nominees for shares through inheritance or by legal heir status.

For ex: I can buy 100 shares of ICICI bank and say in my will that my 5 year old is the legal heir of my property. So my son even though he is 6 years only of age, will own these shares. But, he cannot do anything with those shares until he is 18.

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Wiki User

14y ago

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