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/biz/ - Business & Finance

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19659521 No.19659521 [Reply] [Original]

My 14 yo cousin discusses trading stonks with his friends

>> No.19660527

>>19659521
This is absolutely amazing. We're about to witness the 2017 crypto bubble crash in normie-land with stocks.

>> No.19660593

Imagine a world in which 14 year old girls are old enough to consent, but not old enough for me to dump my bags onto them. Kek. 14 year olds should be allowed to gamble away their college funds in crypto.

>> No.19660609

>>19659521
i bet that their discussions are better than those on this shitboard

>> No.19660640

>>19660593
>Imagine a world in which 14 year old girls are old enough to consent, but not old enough for me to dump my bags onto them
That's the case in france

>> No.19660671
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19660671

This is one reason I had kids. I have them buy and sell stocks because they are minors. Being that they are under 18, they cannot be trialed as adults for SEC violations and criminal tax evasion, they have carte blaunch to do whatever they want.

>> No.19660744

>>19660593
College funds, ie, 529s, are a scam
>not pretax
>exempts you from aid
>need to document everything
>no american opportunity tax credit
>make one mistake withdrawls are taxed and 10% penalty
Even a normal stock account is better

>> No.19660845

>>19660744
529 are good though, it doesn’t exempt you from aid.

>> No.19661005

>>19660845
It does exempt you from aid in most situations. There isn't any advantage to it relative to a brokerage account as there is no federal tax incentive to invest in it.