Kids and the Stock Market

JOINING US. AS WE APPROACH THE NATION'S 200 50TH BIRTHDAY ON THE 4TH OF JULY, A NEW FINANCIAL PLATFORM WILL TAKE EFFECT. IT'S CALLED A TRUMP ACCOUNT AS PART OF OUR DIVE INTO BUSINESS AND ECONOMICS. WE'RE EXAMINING WHAT THIS ACCOUNT ACTUALLY NEEDS. THE WHITE HOUSE SAYS THIS IS FINANCIAL SECURITY FOR CHILDREN THAT BEGINS BEFORE. THEY'RE 18 YEARS OLD. IT WOULD GIVE PARENTS OF BABIES BORN BETWEEN 2025. TO 20 28 $1000 TO INVEST BEGINNING JULY 4TH. >> FOR MORE ON THE NEW TRUMP ACCOUNT'S FOR KIDS, I AM NOW JOINED BY STEVE QUIRK. >> HE IS THE CHIEF BROKERAGE OFFICER AT ROBIN HOOD. THANK YOU FOR JOINING US TODAY. >> THANK YOU FOR HAVING US. WE'RE PRETTY EXCITED ABOUT THIS. WE GET THE BIG LAUNCH SATURDAY. >> WHAT IS A TRUMP ACCOUNT FOR THOSE WHO DO NOT KNOW? >> TRUMP ACCOUNT IS PART OF A PROGRAM THAT IS PUT IN PLACE THROUGH THE TREASURY TO OPEN ACCOUNTS FOR CHILDREN, EVERYBODY UNDER THE AGE OF 18. IS IT ELIGIBLE TO OPEN THE TRUMP ACCOUNT? AND A TRUMP ACCOUNT AN INVESTMENT ACCOUNT WHERE PEOPLE CAN MAKE. CONTRIBUTIONS AND HAVE THOSE INVESTMENTS GROW IN A TAX FREE MANNER. UNTIL THEY'RE 18 YEARS OLD. THE SECOND COMPONENT OF TRUMP IS IS ANYBODY WHO WAS BORN? BETWEEN JANUARY FIRST 2025? ALL THE WAY THROUGH THE END OF 28. WILL RECEIVE A FREE $1000 FROM TREASURY. AND THAT STARTS TO THOSE CONTRIBUTIONS COME IN. THEY START IN ON JULY 4TH THIS SATURDAY. >> HOW CAN A FAMILY ACTUALLY OPEN ONE? >> SO THERE 60 MILLION, ROUGHLY 60 MILLION. >> CHILDREN THAT ARE ELIGIBLE TO OPEN AN ACCOUNT. >> THEIR PARENTS ARE ELIGIBLE TO OPEN AN ACCOUNT ON THEIR BEHALF. THE EASIEST AND BEST WAY TO DO THAT IS TO GO TO TRUMP ACCOUNTS, DOT GOV. AND ALL THE INFORMATION NECESSARY FOR OPENING THAT ACCOUNT ALONG WITH ALL THE INFORMATION NECESSARY AND UNDERSTANDING THE COUNT IS AVAILABLE. THERE AND THERE YOU WILL BE INSTRUCTED TO DOWNLOAD AN APP. WITCHES. A VERY INTUITIVE APP AND HELP YOU UNDERSTAND, YOU KNOW WHAT, WHAT THESE ACCOUNTS ARE ALL ABOUT. IT'S A SO FAR WE'VE GOT ABOUT 6 MILLION PEOPLE THAT HAVE SIGNED UP. >> AND YOU MENTIONED THE GOVERNMENT CEDES ELIGIBLE ACCOUNTS WITH $1000. WHERE DOES THAT MONEY GOING AND HOW DOES IT GROW? >> YEAH, IT GOES. SO TREASURY FUNDS THAT IF YOUR NEWBORN THAT MONEY IMMEDIATELY GOES INTO AN INVESTMENT VEHICLE. SO IT THINK OF A BROAD BASED IN IN THIS INDEX VEHICLE THAT IS VERY LOW COST SO THAT MORE OF THE RETURNS ARE ACCRUED TO THE INDIVIDUAL. THE CHILD. AND IT MIMICS THE BROAD BASE MARKET. SO HOW DOES IT HOW DOES IT PERFORM OVER TIME? I MEAN, IF I LOOK AT HIS HISTORICAL RETURNS, YOU KNOW, THE MARKET ON AVERAGE SINCE 1950, IS PROBABLY, YOU KNOW, FEEL THAT ABOUT 9% A YEAR AND THERE'S US THERE'S THE THERE'S THE THE THE SIMULATOR WITHIN THE APP THAT SHOWS THE PARENTS AND THE CHILDREN WHEN THEY GET TO THAT AGE, YOU KNOW HOW THIS MONEY IS GOING TO GROW OVER TIME WITH CONTRIBUTIONS. THAT'S PRETTY POWERFUL. AND THAT AND COMPOUNDING, YOU KNOW, MAKE IT SOMETHING THAT'S GOING TO BE A PRETTY MAGNIFICENT FOR KIDS WHEN THEY GET TO THAT AGE OF 18. >> CANNED LOVED ONES, RELATIVES OR EMPLOYERS CONTRIBUTE. >> YEAH. IN ADDITION TO THAT, SO YOU YOU MENTION LOVED ONE. SO GRANDPARENTS, UNCLES, AUNTS, COUSINS CAN ALL CONTRIBUTE AS CAN PARENTS, BUT A LOT OF CORPORATIONS LIKE ROBIN HOOD. FOR EXAMPLE, WE'RE MATCHING EMPLOYEE DONATIONS TOO ROBINHOOD ACCOUNTS. THERE ARE MANY OTHER COMPANIES THAT HAVE ALREADY ANNOUNCED THAT THEY WILL DO SO. AND THERE ARE STATES THAT ARE GOING TO DO IT FOR PEOPLE THAT ARE ARE RESIDENTS OF THOSE STATES. AND THEN FINALLY THERE ARE SOME WEALTHY DONORS THAT HAVE ALREADY PLEDGED MICHAEL AND SUSAN DELL ALREADY PLEDGED OVER 6 BILLION DOLLARS THAT WILL GO TO THESE TRUMP SO AND WE ANTICIPATE THAT THAT'S JUST GOING TO PICK UP STEAM. AND SO I THINK IT'S IT'S A REALLY UNIQUE WAY. YOU HAVE A MUCH, MUCH LARGER SEGMENT OF THE U.S. POPULATION PARTICIPATE IN OWNERSHIP OF AMERICA. >> WHAT HAPPENS ONCE THE CHILD TURNS 18? >> YEAH. I THINK THAT'S WHAT MAKES THE TRUMP ACCOUNTS QUITE UNIQUE. AND WHAT I MEAN BY THAT IS THE ACCOUNT TYPE IS SUCH THAT WHEN I TURNED 18, I HAVE THE FLEXIBILITY TO TAKE THAT MONEY AND SAY ONLY USE IT FOR EDUCATION. I'D LIKE TO PUT A DOWN PAYMENT ON A HOME. I WANT TO START A BUSINESS. WERE I WANT TO KEEP IT IN THAT ACCOUNT. AND IF I KEEP IT IN THAT ACCOUNT, IT BECOMES OR A TAX ADVANTAGE RETIREMENT ACCOUNT AND CONTINUES TO GROW WITHOUT BEING TAXED. SO YOU HAVE A LOT OF FREEDOM THAT CHILD WILL HAVE A LOT OF FREEDOM WHEN THEY TURN 18 COULD CHOOSE TO DO WITH THAT. WHATEVER THEY WOULD LIKE. >> SINCE THEY ARE OBVIOUSLY MINORS. DO PARENTS HAVE ACCESS TO THESE FUNDS AT ALL THROUGHOUT THE CHILD'S LIFE? UP TO 18 FEET? >> THEY HAVE ACCESS TO VIEW THE VIEW ON AND TO, YOU KNOW, DO LIKE THE HOPE IS THAT THERE'S EDUCATIONAL ELEMENTS TO THIS. THERE'S SOME GREAT EDUCATIONAL MODULES IN THIS APP. SO THE CHILD AND THE PARENT CAN YOU THOSE TOGETHER AND LEARN ABOUT WHAT IT MEANS TO BE INVOLVED IN, YOU KNOW, IN THE U.S. IN THE CAPITAL MARKETS. BUT THEY DO NOT HAVE THE ABILITY TO DO IT. ANY DISTRIBUTION. THAT'S PURELY HAPPENS WITH THE CHILD AND AGE 18. >> THAT'S GREAT. SO THE CHILD IS THE ONE. IT IS ACTUALLY THERE THEIR MONEY AND IT IT CANNOT BE USED TAKEN BY ANYBODY ELSE AS WE KNOW IN FAMILIES WHERE THERE'S DIVORCE, THIS WOULD BE A POINT OF CONTENTION. I COULD IMAGINE. >> YEP, IT'S PURELY IN IN THAN IN THE NAME OF A CHILD. IT'S LIKE A CUSTODIAL ACCOUNT. >> THAT'S AMAZING. HOW CAN FAMILIES LEARN MORE ABOUT THIS? >> I THINK THE EASIEST PATH TO LEARN MORE AS TRUMP ACCOUNTS DOT GOV. THERE YOU'LL FIND ALL THE INFORMATION, THE APP AND EVERYTHING ASSOCIATED WITH THIS WHOLE PROGRAM AS WELL AS INSTRUCTIONS ON HOW TO OPEN THAT ACCOUNT. IT CERTAINLY APPEARS EQUINE TRANSFORMATIVE FOR THE NEXT GENERATION OF INVESTORS. THEY'LL BE JUST MANY MORE PEOPLE INVOLVED IN. I THINK THAT BODES REALLY WELL. >> WELL, THANK YOU SO MUCH FOR JOINING US TODAY. MISTER CLARK. >> THANK YOU. PRIEST. >> FOR MORE INFORMATION ABOUT