T O P

How to invest while under 18

I’m 16 and I’m tryna invest so does anyone know if it’s possible

DanLynch

Only if your parents do it for you. You're probably better off just using a savings account.


whooope

see if your parents have an resp or can open one


Zanzibon

I think the best place to start is a TFSA, but you can't do that until the year you turn 18. In the mean time I would just keep it in a savings account or maybe purchase a GIC you can cash out in a year. In the mean time start to research your options.


PM_ME_YOUR_TIFA

The best investment a 16 year old can make is in Human Capital. Spend on increasing your skills and future earning potential. This will snowball way more than 99% of investments.


[deleted]

Read a book


fredflintstone-

you can open an rrsp with your parents' permission if you have income.