WHAT TO BUY? – Stocks, funds and more

Hello!!!!

Since we are on a savings and investment oriented site, which can be a better gift than a stock or fund? There are different options: buying directly from a bank account if you feel more safe, or giving it as a gift card.

If you decide to make a gift card, a good option can be from Stockpile, a self-directed online brokerage. You pick a company like Google (GOOGL) or Netflix (NFLX)  to purchase a gift card that can be redeemed for its stock. You can choose from hundreds of stocks, or give a multi-company card that comes with a list of picks available to the recipient and let your recipient build a portfolio. Cards for exchange-traded funds are another option. Or you can just gift an amount of money and let the recipient do the picking. 

To redeem the card, the gift card recipient must open a free Stockpile brokerage account online. He/She can choose to invest in the company you picked or select another. If he/she redeems the gift for stock by 3:00 p.m. (Eastern) on a regular trading day, she gets the shares at that day’s closing price. After that time or on a day the market is closed, the trade will be executed at the closing price on the next day the market is open. Depending on the value of the card and the stock, she may wind up with fractional shares.

But you don’t have to use Stockpile to give stocks or funds. If your recipient already has their own brokerage account, you can buy for them directly—or directly gift them your own shares—if you have the account information. 

Let’s get started!!!!

STOCKS, FUNDS AND MORE

Description:

Stocks, shares funds as a gift for saving

FUNCTION:

To redeem the card, the gift card recipient must open a free Stockpile brokerage account online. She can choose to invest in the company you picked or select another. If she redeems the gift for stock by 3:00 p.m. (Eastern) on a regular trading day, she gets the shares at that day’s closing price. After that time or on a day the market is closed, the trade will be executed at the closing price on the next day the market is open. Depending on the value of the card and the stock, she may wind up with fractional shares.

But you don’t have to use Stockpile to give stocks or funds. If your recipient already has their own brokerage account, you can buy for them directly—or directly gift them your own shares—if you have the account information. 

COSTS:

What you see is what you pay. Choose any value up to $500 and pay no gifting fees or debit card fees. Pay only the amount of the gift card you are gifting! And your recipient will not pay any trade commission fee when they redeem it.

For more information visit: Stockpile

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