hey there!
Teaching your kids about money is a part of modern parenting. Personal finance and money management should be taught in school, along with math, reading, and history. But for now, it is not the case.
Investing is a major vehicle for generating wealth over time. Time is the most important factor for investing because it lets the magic of compounding do its work and make you rich. Children have a lot of time!
I'm Elena Nair
I'm on a mission to educate and empower women to reach authentic financial freedom and raise money-smart kids.
It's your job as a mom to introduce your kids to the world of investing and help them experience the power of compounding and passive income for themselves.
Enter - Stockpile.
and these are my boys - Nathan and Milan
I know it sounds overwhelming... I've been there too. But you don't have to do it alone!
Instead of having to buy an entire share, Stockpile lets your kids invest any amount they want.
Many stocks are pricey. Take Amazon, at +$3000 a share. Nathan owns about $100 worth of Amazon or 0.03 shares.
Kids are fully engaged in the investment process - they pick the stocks they like. With a separate login, kids can track their stocks 24/7 and place trades that you approve. They can even share a wish list of favorite stocks with family and friends.
Starting early and investing regularly helps your child benefit from the magic of compounding. Stockpile lets you set up recurring deposits to your child's account. Also, you can choose to reinvest the dividends he receives, for free.
A Stockpile gift card is the quickest, easiest way to give someone a gift of stock!
Stockpile is the only brokerage where you can give an e-gift or physical gift card redeemable for stock.
You don't need an account to give a gift.
Here is why This mama likes stockpile
No monthly fees or minimums.
Free sign up. 99¢ per trade.
i'm ready to teach my kids investing!
fractional shares
gifts of stock
automation
engaged kids
Forbes
"Bypass Traditional Holiday Gift Cards, Try The Gift That Keeps On Giving"
"It’s a great way to introduce kids to the world of investing in a tangible way"
Consumer Reports
Stockpile in the Press
Signing up takes a few minutes. After you've created a custodial account for your child, you can link your bank and move money in so there is cash on hand when your child wants to make a purchase.
If you're using busykid app to pay for your child's chores, you can transfer money from it.
Once you open a trading account, your child can buy and sell stock whenever he wants, after receiving your approval.
There are more than 1000 stocks and etfs to choose from. It's very easy to find a company your child is excited about and would like to own a piece of.
Stockpile's intuitive dashboard lets your child monitor his INVESTMENTS over time. There is a stock price graph, newsfeed and lots of metrics to look at.
the app is also packed with fun mini-lessons on stock market basics and beyond.
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There are two ways to move cash between your Stockpile account and your bank account. The first way (linked bank) enables you to move cash in and out of your Stockpile account. It takes 3 business days for the cash to show up, and it's free of charge. The second way (debit card) allows you to move cash in instantly, for a small fee.
how do I fund my account?
Yes. At Stockpile, you can buy an ETF (exchange-traded fund) which enables you to invest in market index or a commodity like gold. To see the list of ETFs they offer, click here and select ETF category from the top.
Stockpile also offers ADRs (American depositary receipts), which allows you to own shares in foreign companies like Porsche.
can i buy etfs with stockpile?
Stockpile protects your sensitive personal information using 256-bit encryption.
Stockpile Investments, Inc. is a member of the Securities Investor Protection Corporation (SIPC), which protects customer accounts up to $500,000 (including $250,000 of cash). Explanatory brochures are available at www.sipc.org.
Stockpile Investments, Inc. is also a member of Financial Industry Regulatory Authority, Inc. (FINRA). Check the background of Stockpile on FINRA’s BrokerCheck.
Is my stockpile account protected?
You can create an account for your kids. They just need to have an adult on the account with them, usually mom or dad, but it can be a grandparent, aunt, uncle, or other adult. This kind of account is called a custodial account. The kid or teen (referred to as the minor or beneficiary) owns the stock, while the adult (the custodian) has legal responsibility over the account.
Once the minor is of age, the assets in the custodial account legally belong to her.
How do i open an account for my kids?
There are no monthly fees or account minimums to create and maintain your stockpile account. It's absolutely FREE to own investment account at Stockpile. You only pay 99 cents to buy stock with cash in your account. Learn more about transaction based fees at Stockpile.
are there any fees?
don't worry, we have the answers!
So you have some Questions?
which stocks can i buy through stockpile?
Stockpile's universe includes more than 1000 stocks, ADRs, and ETFs, including every stock in the S&P 500. You can access this universe by clicking on the Buy Stock dropdown on the home page and clicking buy stock for yourself or give an e-gift of stock.