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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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∙ 17y ago
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How do you invest in property?
stocks or get a loan
What was a quote that arthur fry said?
"Those who invest only to get rich will fail. Those who invest to help others will probably succeed"
To purchase something in hopes its value will grow?
To invest.
What is fourty times ten?
400. invest in a calculator.
How much must you invest today single CF to accumulate 81336 at the end of 15-years if the rate of interest is 4.5-percent compounded annually?
You need to invest 42027.98
Will Princeton from mindless behavior go out with a 12yearold?
he may
Would you go out with an 12yearold yes or no?
no becausi woudn't do that
What is the future tense for invest?
The future tense for invest is, will invest.
Which place do they invest chocolate?
They invest in Mexico
Should people invest in Ben and Jerry's Ice cream franchise?
Stephen Colbert has an ice cream there. Jim Cramer says: "INVEST! INVEST! INVEST!"
What is the present tense of invest?
Invest is present tense. The past tense is invested, and the future tense is will invest.
Why invest in eBay?
Becuase you can make alot more than you invest if you invest the right way. yes
How do you translate the word invest to Spanish?
invertir is "to invest."
What is a sentence using Invest?
Try to invest wisely.
How do you invest in share market?
we invest in share markets
How do invest in share market?
we invest in share markets
What does invest in US CIVICS?
what does invest mean in civics
