Published on 26 Dec 2022 on Market Watch
No love for meme stocks — stock-trading kids are loading up on Apple and index funds
Forget about teaching kids the value of compound interest by escorting them to a local bank and helping them deposit their birthday money. These days, youngsters are picking stocks as if they’re mini-Warren Buffetts.
On the platform, which caters to families, kids under 18 invested $13.4 million in 2022 and made 386,382 trades, up from $10.5 million under management and 355,421 trades in the prior year. Kids saved more than $116 million, and all together, families and kids had more than $1.34 billion under management with Greenlight, which charges $9.98 per month for access to the tier that allows trading.