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Yes, although he may need his parents help in opening an account. I suggest an IRA. A Roth IRA or Traditional IRA, get advice when you are opening it up. Most banks have a financial advisor who will answer questions for free when opening an account. Start putting money into it monthly, the earlier you start, the better off you will be by the time you retire. It is wonderful for a kid that young to even think about the future when most kids don't care until it is too late. It is very important to start saving / investing as early as possible in life because of the power of compounding. Check out the www.saferchild.org website for a great explanation / example of what I mean by this.

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โˆ™ 2007-02-04 13:30:52
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Q: How can a 12-year-old invest?
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