Teens Buying Mutual Funds?

I am interested in investing in mutual funds (I'm 14). Does anyone know of any companies that have a special program/accounts that allows kids/teens to invest in mutual funds? I have about $1000 to invest. Thanks!

Teens Buying Mutual Funds?
Your age does not matter.. Talk with your parents and probably will want to use their financial advisor. If you yourself are financially savy then you can even contact him and sit down. To be honest they wont be real excited to invest 1k but dont let that deter you, invest early and often. There are other investments besides mutual funds that wont hit you with the fees that a mutual fund does.. Talk to a professional first.
Reply:Any of the online discount brokers will. Check out http://www.fool.com/dbc/dbc.htm?source=L... for a list.
Reply:Age may matter since contract law says you are not bound by a contract when you are under 18. You might need a joint account with an adult and then the adult can take his or her name off of it.


You should look into ETFs. ETFs are created by mutual fund companies but are generally the mix of the best between mutual fund companies and stocks. 80% of the mutual fund companies either track or can't beat the SP 500, tracked by the ETF SPY, over the long term. DIA tracks the Dow Jones industrial average. You buy ETFs like you would buy stocks, through a stock broker online or over the phone.