President rings opening bell from Oval Office in event promoting newly launched Trump Accounts
Molly Moorhead
Updated Mon, July 6, <a href="https://todaytrendnews7.com/registration-for-atu-2026-involvement-fair-open/” title=”Registration for ATU 2026 Involvement Fair Open”>2026 at 7:51 PM GMT+5:30
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President Trump rang the opening bell on Monday from the Oval Office at an event to promote the new investment accounts bearing his name
Surrounded by Cabinet members, CEOs and a cluster of smiling kids, Trump rang a large gold bell on his desk, marking two firsts, according to the White House: the first time the Nasdaq and NYSE held a joint opening, and the first time the markets were opened from the Oval Office
“Our president is creating an ownership economy where all citizens become shareholders,” Treasury Secretary Scott Bessent said. “This will be one of the president’s most enduring legacies.”
Officially launched on July 4, Trump Accounts are tax-advantaged investment vehicles available to all Americans under age 18. Parents, friends, and employers can make contributions, which are capped at $5,000 a year. Additionally, children born between 2025 and 2028 are eligible for $1,000 in seed money from the government
The funds are invested in low-cost ETFs and can be withdrawn once the child turns 18
“We’re giving this money to children so they can have a good life from very early on,” Trump said
To date, 6 million families have opened Trump Accounts, 86% of whom are from families earning less than $200,000, Bessent said
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