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Showing posts from June, 2014

Give a child a gift of stock

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Do you have children? How about a nephew or niece? Are you a child? Hopefully you answered yes to one of those questions. Now ask yourself, how many toys or clothes does that kid have? Probably a ton. For his next birthday, give the kid a share of stock in the company of their interest (publicly traded). Sharebuilder has a great offer right now that will give you $50 after opening up a custodial account. A Custodial Account  is essentially an investment account created for the benefit of the minor and owned by that minor. A custodian (parent, uncle, aunt, etc) is there to manage the account until the minor becomes a certain age, which depends on State of Residence. Click the link in the previous sentences to read more about custodial accounts. This offer is good until 12/31/14. The $50 will go into the account after the custodian makes a trade on the account. Gift of Stock Me and my wife just opened an account for our nephew this last Christmas. We bought him Walt Disney stock (