Setting up to invest at 16
Hello everyone! This is a new passion project I have decided to undertake to pursue my passion for the stock market. I've been interested in investing money into the stock market ever since I was 13 but due to age constraints, parental disagreements, and lack of knowledge in the market, I have been pushing this off until now. However, I have been studying the markets over the past 3 years; specifically, I've been studying the giant tech markets in Silicon Valley and the Korean entertainment industry.
I recently began discussing with my parents on how I can invest as the legal age to start investing is 18. From what I could tell through research, there are ways for younger teenagers to invest utilizing a system where a parent looks over their kid's account. However, the easiest way, and the way I plan on doing it, is to just use my dad's account. Although this means that the money invested legally and officially has no binds to me, I found this to be the most efficient way to try out investing!
For now, I'm still setting up numerous accounts with my dad to see which one to utilize. I plan on investing in both the South Korean and American market, meaning I need to find a trading platform that allows for both. I've checked out the more common ones such as Webull, Fidelity, TD Ameritrade, and Robinhood (for the American markets) so far and plan on settling on Robinhood for now. As for the Korean market trading platform, I plan on utilizing eBest Mobile, which is a platform that's connected to a Korean bank.
I have yet to buy my first stock and I'm looking over. Because of the amount of research I did over the past 3 years in the Silicon Valley tech startups and the Korean entertainment industry, I plan on buying stocks in one of those two categories for now.
Please message me if you have any suggestions!