if you're looking for an easy way to give stock as a gift this is one of the
easiest ways I've found and so in this video I'm going to walk you through how
this process works and the company that does this and why I like it so much
all right so this is a look at their website and this website is called Stockpile
and we'll have a link up above that will take you over there they occasionally
have a sign-up bonus of like $5 free stock and so if they have that available
have that linked up above and down in the description below and essentially
what I love about this site is that they allow you to start investing like they
say just for five dollars and what is great about that is they allow you to
buy fractional shares of stocks and they're actually very few companies who
actually will allow you to do this almost every stock broker online forces
you to buy an entire share of a stock for example Amazon's stock price right
now is around seventeen eighteen hundred dollars at the time of this recording
and so you would need that much to buy one share of Amazon but with the tool
like Stockpile here you can get in for a small fraction of that amount so what
does this mean for you and I as gift givers and I think this is a great
option for Christmas gifts and birthday gifts because it's something that
potentially could make them more money and somebody could it's it's like a
modern-day version of the savings bonds that a lot of us got as kids but what I
like about even more is it gets kids and teenagers interested in the stock
marketing interested in investing because they have little gift cards like
this where you can send your little nephew this $25 gift card that allows
them to get $25 worth a Amazon stock they just need to take it to the website
sign up it doesn't cost them anything and there are other ways you can give
stock as a gift but this is by far the easiest cleanest I think best gifting
experience to where you actually have a gift card that you can give someone and
to be honest I just think it's a really cool idea now if you want to see how
this works once your recipient gets the actual gift card and how they redeem it
we'll just walk through that process right now so all they need to do is come
over to the Stockpile website and then go to redeem hit redeem right here it's
gonna take them to a page that looks like this they just enter this redeem
code it's a lot like just having a gift card and then after units the redeem
code it tells you you're about to own $25 Apple stock so at this point if they
did want to get a different option if they wanted to invest
like an ETF or if they wanted to invest in a different stock they could they
could click other options and go down that path but in this case we're just
gonna click get this stock and then we're gonna now just quickly create our
account and then we can click sign up all right then we just click redeem the
gift it's telling us what it is trading per share it's one hundred eighty two
dollars per share so we don't have to spend that much we can get it for twenty
five dollars in this case and then we're gonna go ahead and click redeem and then
what we're gonna get is a portion of a share of Apple stock and that's really
all it takes to take one of these gift cards and redeem it and turn it into
something hopefully you know far more valuable than what you're actually
spending so it's a gift that actually makes them money instead of one that is
getting thrown away in a couple years so here's the handful of questions that I
had and wanted to get answered before I move forward with this so I'll just
answer them here for you and if you have any other ones you can ask down in the
comments down below or check over at Stockpile website and we'll go from
there so one thing I was wondering about is are the kids going to be charged fees
like monthly fees in their account because I remember having an IRA that I
opened as a teenager and they charged me like a $20 monthly fee and I watched my
balance go from I think it was like two or three hundred dollars down to zero
and the fees literally ate all of my investments out of my account and
thankfully Stockpile doesn't have any fees and they have no minimums
additionally if the kids or any of the gift recipients want to invest more they
can invest more for ninety nine cents a trade now that is pretty much the
cheapest that I've found it any online broker and so I love how accessible
they've made this for the younger generation and if you're wondering how
to actually give these gift cards so I think these are sold in some stores but
you can go to the website you can buy these you don't even need an account to
buy them so you just buy them directly from their website you also can send an
eGift where it will send them an email where they'll have a basically a virtual
gift card attached to it and then you can also print one off at home and put
it in a birthday card or something like that to hand that to them as well no I
think these plastic cards just feel like a normal gift card and I think it's a
really cool way to do it but it cost you a few bucks extra to do these and
additionally you have to wait for them to arrive in the mail so whatever works
best for you but all in all I just think this is a great way to give a gift and
I'm super excited about it so I hope this helps you and if you're new to our
channel my name's Bob Lotich and what we do here is we talk about practical ways
to kind of put more money in your pocket via savings
investing paying off debt all these different things and then we also talk
about some of the timeless biblical principles of how to manage our money
wisely you know many people are surprised at this book that's thousands
of years old actually is very timely advice for how we should manage our
money and in fact it actually works so that's what we talk about in this
channel so that interest you definitely hit that subscribe button so you can
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so have a great rest of your day and I will see you in the next video