![]() You’re giving them an amount of money to spend – they don’t own the actual stock until they redeem their gift. Stockpile gifts don’t have an expiration date, so the person you’re giving the gift to can redeem them at any time. This way, they aren’t forced into an investment. What happens if you pick a stock that the recipient doesn’t actually want? They can redeem the gift towards any other stock on Stockpile that they like better, without any extra fees.Īnd if they just don’t want stock? They can trade your gift in for a store gift card. Some gift card bundles even come with a free investing guide for newbies, perfect for a kid (or adult!) who’s never invested before. Or you can just buy a generic card for a desired dollar amount, with no stock or category listed, of $25, $50, or $100. There are also cards that list a category of stocks available on Stockpile, such as gaming stocks, fashion stocks, or sports stocks. You can buy physical gift cards for some of the most popular stocks, like Apple, Google, Tesla, and Amazon. You enter the recipient’s name and email address, your name, and when you want the e-gift to be sent. You can simply purchase the gift using a guest checkout, because you’re not actually buying stock at that point (it’s a gift card that’s redeemable for stock). In order to give a gift from Stockpile, you do not have to open an account. You can choose multiple stocks for one gift, each with a different dollar amount. Once you pick a stock (or stocks) you choose the dollar amount of the gift. And this is real stock! It will earn dividends, and its worth will go up and down with the market. If a stock is trading a $25 and you give a $100 gift, the recipient will get four shares. If a stock is trading at $100 a share and you give a gift of $50, the recipient will get one-half of a share. What if you only want to give a $50 gift? You can give $50 worth of Alphabet stock! You can pick a dollar amount for any stock on Stockpile, it doesn’t matter how much each share is worth! The recipient will get a fraction of a share. At the time I wrote this, Alphabet Class A stock was trading at over $900 a share. Let’s say you want to buy someone some Google stock (which is now called Alphabet). Here’s where things get really interesting for the gift giver. If you click on a stock you can see how much one share is worth and how it has performed over different periods of time, see news about the company, and other info, all in one handy place. Your child is a huge Marvel Comics fan? Disney is the stock to buy! Going in the other direction, if you search “Disney” you’ll see all of the different brands that Disney owns. If you search “Converse” you’ll see that Nike is the stock to buy, since it owns Converse. Let’s say you want to buy a gift for someone who absolutely loves Converse sneakers. If you already have a company in mind, you can just search for it and see if it’s available through Stockpile, or you can browse around by category. You’ll see that there are more than 1,000 companies and ETFs (Exchange Traded Funds) to choose from, including every stock found in the S&P 500. If you want to give an e-gift (delivered by email), go ahead and click on that. If you go to the Stockpile website and hover over “Buy” at the top of the page, you’ll see some buying choices. In fact, if you don’t want to, you don’t even have to choose the stock! Let me explain how it works, why stock purchased this way makes such a fantastic gift, and how my readers can get $5 of free stock. Using a website called Stockpile, you can give gifts of stock to children or adults without needing the receiver’s social security number or any other personal information that you used to need in order to gift stock. How, exactly, do you give stock as a gift to another person? There’s a very easy way to give stock as a gift (even just a fraction of a share!), and there are no hoops to jump through. Looking to give a gift that has real value? Read on to find out how easy it is to give stock with Stockpile! You don’t even need to open an account or get the recipient’s personal information. ![]() You won’t pay anything extra, but I might make a commission. This post may contain affiliate links and/or codes.
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