Christmas is approaching and if you are a last minute shopper, we have the perfect gift idea for you!
Did you know that you can actually gift stocks? And the best part about this gift, is that it keeps on giving!
Does your daughter spend all day on social media? Buy them some Facebook stock!
Does your son spend all day playing on his phone? Give him some Apple stock!
Are your niece and nephew always watching movies? Give them some Netflix stock!
Purchasing a stock for a friend, your child, or lov
ed one is a great way to potentially get them interested in investing!
Below are several ways you can give the gift of stocks:
CONTRIBUTE TO A 529
You can open a 529 account, which is a special tax-advantaged investment account that can be used towards educational expenses such as college tuition.
If you don’t have any kids of your own, no worries! You can still contribute to a 529 account that belongs to another child (niece, nephew, child of a friend, etc.) . You would just need to ask the parent or guardian for the child’s unique URL in order to contribute!
Stockpile is an easy to use platform that allows you to buy however many shares of stocks that you want! Just visit Stockpile.com, click ‘Buy’, then search for the companies that you are interested in buying. Once you find companies of interest, submit your purchase (and yes, you can even purchase fractional shares if you do
n’t have enough money to buy a single share).
Note: You do not have to have a stockpile account to buy stocks for yourself or others. You can use the guest checkout option.
But most importantly, in addition to giving them stocks that could appreciate and help them increase their net worth, you want to make sure you give them the knowledge as well!
Along with your stocks contribution, enroll them in the Stock Marke
t Investing with Wall Street Junior curriculum available here.
Then, give yourself a pat on the back for making a difference in someone's financial future!