Stocks from Santa!

by Dual Income No Kids on December 23, 2006 · 0 comments

Holiday Shopping Idea: James is always talking about buying stocks for gifts, but I wasn’t exactly sure how to do that. Here is a tip from Simple magazine on how it works.

Stock up on stocks. Get nieces, nephews, and godchildren stock certificates. “People don’t realize how inexpensive it can be,” says Adela Rios, a financial adviser with Merrill Lynch. “Many kids shop at Wet Seal, for example, and that stock has been trading between $2 and $10.” Imax, Atari, and Blockbuster are other relatively inexpensive stocks that might interest kids. Keep in mind that stocks can be volatile, so this is a fun present, but it also might pique kids’ interest in investing. Buy the stock in your account and have the stock certificate issued in the child’s name. Ask your financial-services firm to contact the transfer agent for whatever stock you choose and it will arrange to have the stock certificate sent.

Happy Investing!

Miel

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