STOCKS 4 KIDS

[Wizard]

JPM

A couple of years ago, I bought 100 shares of Chase Bank at about 20 bucks a share for my daughter. She is 10 now, and has a bank account at Chase with some of her allowance and gift money, like $100 or so. Whenever we go to the back, I tell her she owns part of the bank.

Once a quarter, she receives a dividend check (UGMA) of about $35 and we go to the bank and put it into her UGMA account.

I explain that Chase makes money as a business, and since she owns a small piece of the bank they pay her a little bit.