What’s What?
Gifting stock has become one of my go-to gifts for birthdays or special occasions!
Since there are levels to everything but especially gifting stock, let’s stick to the surface. On the surface, gifting stock can be a way to plant the seed for long-term investing, set foundations for generational wealth, and/or avoid capital gains.
So far, I’ve gifted two shares of stock to two deserving recipients. Gifting stock was something I’ve always wanted to do, even before I knew the power of investing and compounding. I just love gifting personalized and/or unconventional items or experiences. My only hope is that, one day, they can look at their gifts and become curious about investing and saving! After all, Warren Buffet bought his first stock at the age of 11, becoming a billionaire at the age of 56.
The Gift That Keeps On Giving
Knowing what I know now about investing, that: it’s never too early to start, my hope by gifting a share of stock is that I am planting a seed. My gift of one share of stock could be monetarily minimal in the moment, yet still have maximum power and potential in the long run.
For example, starting with $0, contributing $100 a month to a brokerage account from birth until 18 will yield $60,056.32 with a 10% ARR. Of that $60,056.32, more than half is pure profit ($38,456.32) and that’s because of the power of compounding. I think that is one of the amazing things I’ve ever learned.
As the old proverb says, “The best time to plant a tree is 20 years ago. The second-best time is now.“
The Benefits of Gifting Stock
- Gifting to the youth: Early introduction to saving
- Gifting to the seasoned: Supplement’s fixed income
- Gifting to family/spouse: Avoidance of taxes/capital gains for famiy (based on income)
- Gifting to charity: Gifted organization receives tax free donation, free of taxes/capital gains
How to Gift Stock(s)
It was honestly one of the easiest and most rewarding orders I’ve ever placed online. For both times I gifted a stock, I used UniqueStockGift.com. It was a seamless process; the first step is picking the company you want to buy/gift stock of, and they have a plethora of options. Next, UniqueStockGift walks you through the rest, all you have to do is select the options available and pay.
If you want to know more, a link to their FAQ page is here. Use code HOLIDAY to save $5 off your order this holiday season!
What’s Luxe
As you can see, gifting stock is as easy as 1, 2, 3! Will you be gifting stock for your loved one’s next birthday, or this holiday season? Have you gifted stock before? How was the process? Let me know in the comments below!
