Hello! I was hoping someone would be able to explain how the stocks and bonds option works on an ABLE account. It’s special account for those with disabilities so they can save money in the USA. (This is a major privilege and I’m lucky to have it honestly.)
Problem: I have absolutely no idea how stocks work? I did read through the wiki but couldn’t find anything on ABLE accounts specifically. I’m worried that if a stock shoots up too much then I’ll be “committing fraud” by having over $15K in there (max limit per 12m).
I did try to call ABLE to clarify this but I kinda gave up after waiting on hold for 2 hours. I might try again when I have more time but figured this place might know.
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