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Now that we have a strategy on how we're gonna grow Enzo's account, we have to decide what accounts we want to use to grow the money in. We went with Fidelity first of all we went with a standard custodian account to do the cover call strategy. Now that we don't have to put any more money in there the money that he receives every year for birthday Christmas, New Year's and other occasions we're going to put into a 529 account and buy etf. I like 529 accounts because all the gains from the market
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If I had to invest my first $100 all over again, here’s exactly what I’d do.👇🏻 1️⃣ Open a free brokerage account. 3 solid options: Fidelity, Vanguard, Schwab. I personally use Fidelity (zero sponsorship here) because it’s beginner-friendly, lets you buy fractional shares, and lets you invest in dollars instead of whole shares. No excuses not to start. 2️⃣ Transfer money from your bank. Link your bank account to your new brokerage and move your money over. Pro tip: reach out to your brokerage’s
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