Pick a brokerage. Look for one with no account fees and $0 commissions .
This is the most common choice. You manage the investments, but the assets belong to the child. They get full control once they reach adulthood (usually 18 or 21). how to buy stock for grandchildren
Since children have a very long time horizon, you can afford to be aggressive. Pick a brokerage
You will need the grandchild’s Social Security Number and birthdate to open any custodial account. You manage the investments, but the assets belong
Buy companies they know and use (like Disney , Apple , or Roblox ). This makes the gift "real" and teaches them about ownership.
If the grandchild has any earned income (like a summer job), you can open this. It offers tax-free growth for life—a massive advantage for a young person.