Stockpile – A Unique Gift That Keeps on Giving
We’re almost there – time is running out! There’s only a week left until Christmas.
This year, there’s a new financial gift everyone’s talking about. Featured in Forbes, The Wall Street Journal, CNBC, and Consumer Reports, the company is called “Stockpile,” and they allow you to buy gift cards for fractional shares of stock to give as gifts.
From the Stockpile website: “Stockpile makes it easy and affordable to buy stock for yourself, or give gifts of stock to family or friends. We have nearly a thousand different stocks, ETFs, and ADRs to choose from, and you can buy or give the exact dollar amount you want using fractional shares. For example, if Google stock (now known as Alphabet Class A) is trading at $500 per share, you don’t need to come up with $500 to get started. You can spend $50 to buy 0.1 shares of Google.”
If you do decide to make the gift of stock, they offer physical gift cards or an e-gift. Once you buy the stock (or redeem your gift card) you’ll have real stock in a real brokerage account. It’s an especially fun way to teach young people about investing or help them to start a college fund, and it’s more meaningful than a toy or sweater that will soon be forgotten. It could be a great way to help a young couple start their life together, or just for someone who is hard to buy for. It’s the gift that keeps on giving – throughout the year they’ll be able to track its value, and, when and if they need cash, it’s easy to cash out.
If you are interested in giving this sort of gift, head over to their website to learn more at Stockpile.com, and then give your advisor a call to help choose a gift of stock today!