How To Give A Gift Of Stock (For Kids And Family)
Manage episode 522261963 series 2794666
Giving a gift of stock is a fantastic way to help a child (or anyone) learn about the power of investing to build wealth. Plus, there are some really fun ways to gift - such as a framed stock certificate.
When you ask a parent what their kids want for Christmas, they’ll likely start with a long sigh followed by, “Well… She really likes K-Pop Demon Hunters and Dress Up.”
If you press further, you’ll find out that the parent is overwhelmed by the toys that the kid has, and they really aren’t all that excited about giving more plastic crap to their kid.
Enter, the gift of stock and investments. Giving a share of stock to kids is a fantastic way to avoid stressing out parents, help prepare a kid for their financial future, and teach a few lessons along the way.
Plus, as a millennial family, I'm personally tired of receiving all this junk. Think about it. Your child might receive upwards of 20 gifts every holiday season (Mom, Dad, Siblings, Grandparents, Santa, etc.). But by the middle of January, what they actually play with is down to 1-2 toys.
So, instead of wasting all that money on gifts (and then having a bunch of junk lying around the house), why not use that same money to invest in your child's future. This is a great option for extended family who may want to gift.
If that's you, then these are the best ways to give a share of stock to a kid, gifting investments, and even teaching them financial literacy topics in a fun way!
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