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Trump Launches Investment Accounts for Children on Nasdaq Opening Day

KVIA•Monday, July 6, 2026 at 3:42 PM•CNN Newsource

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On July 4, the Trump Accounts, a new investment vehicle for children, officially began trading on the Nasdaq and New York Stock Exchange, with President Trump ringing the opening bell from the Oval Office. Over 6 million accounts have been opened, with 1.4 million eligible for a federal contribution of $1,000. While these accounts aim to raise awareness about investing in children's futures, they add complexity to existing savings options. Eligible investments include mutual funds or ETFs linked to the S&P 500, with minimal annual fees. Parents can track investments through an app developed by Robinhood and the Bank of New York. To open an account and apply for the federal contribution, parents must complete IRS Form 4547 for children born between January 1, 2025, and December 31, 2028.

Key Details: • Accounts opened: Over 6 million, with 1.4 million eligible for $1,000 federal contribution. • Eligible for children born between January 1, 2025, and December 31, 2028. • Annual fees capped at 0.1% of assets; default investment is State Street SPDR Portfolio S&P 500 ETF. • Parents can track investments via the Robinhood app or at TrumpAccounts.gov. • To open an account, complete IRS Form 4547.

investment children financial-education trump-accounts nasdaq

People & Organizations

Donald TrumpTed CruzScott BessentDepartment of the TreasuryRobinhoodBank of New YorkNasdaqNew York Stock ExchangeMichael DellSusan DellBrad Gerstner

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