Investing in the stock market can be a great way to grow your wealth over time. However, it can be intimidating for those who are new to the game. This is where stock gift cards come in. They offer a simple and convenient way to introduce someone to the world of investing. In this article, we’ll explore how to buy a stock gift card and give the gift of investing.
2. By giving a stock gift card, you’re not only providing a financial asset but also an opportunity to learn about investing and potentially grow their wealth.
Stockpile puts a unique twist on purchasing stocks. Instead of buying stocks directly, you purchase a stock gift card. This is better than giving a toy or something else your to son or daughter that theyll eventually outgrow. And it can be great gift idea for full-grown adults too! Owning fractional shares in popular companies like Amazon, Coca-Cola, Netflix and more gives the recipients of your the gifts the opportunity to watch their value grow over the years. We were also happy to see Stockpile recently switch its pricing model to become a virtually fee-free stock broker. Keep reading our full review of StockPile to learn more. The idea was to create a platform that would make it easier to give the gift of stock. The stock investing industry has changed a lot since Most importantly, there are now a host of brokers that offer commission-free trades. Thankfully, Stockpile has evolved as well to remain price-competitive. And it still offers one of the easiest ways to gift stock stock ownership to friends and family. Next, purchase a stock gift card. They can be texted, emailed, or printed at home. Compare to self-printed eCards, the plastic cards look more impressive, as shown below. You can also diversify by buying other shares. Stockpile offers a number of ways to learn about investing. From resources available on their website to actual use of their apps available on the iPhone and Android. When using the app, you can watch your investments grow, see trends and choose from top growth stocks, top dividend payers, upcoming earnings and more. Its all meant to help you become a better investor. Stockpile says that its members can trade over 4, stocks and ETFs. While that may sound like a lot, its less supported assets than youll find with other brokers. Robinhood, for example, supports over 5, stocks and ETFs. Note that you also cant trade mutual funds on Stockpile. Also, Stockpile doesnt provide real-time trading. Trades are instead executed at the end-of-day price. So if youre hoping to do any active trading, this definitely isnt the platform for you. Until recently, Stockpile charged fees on buying gift cards as well as for selling stocks. But that has all changed as of July Now, there are no fees charged for buying gift cards, funding an account, or for trading stocks buying or selling. There are also no monthly account fees. But other than in those two cases, you shouldnt have to pay anything at all to use Stockpile. There are few companies that offer stock gifts cards like Stockpile does. This has been especially true since it acquired SparkGift in , which was one of its only real competitors. Still, there are other ways to give the gift of stock, even if they dont involve shiny gift cards. Virtually any broker will allow you to transfer stock to someone else electronically, provided that your recipient also has an account with the same broker. You can also create custodial accounts for your children with your preferred broker to purchase stocks on their behalf. Either of these options may be better for your recipients over the long-term. Top brokers like Vanguard , TD Ameritrade , or Fidelity all offer far more account options Stockpile doesnt offer retirement accounts or joint accounts , trading tools, and supported assets than Stockpile. Finally, it should be noted that if youre specifically looking to help your child save for college, gifting stocks inside a account will help them save on taxes. In these cases, you may want to use GiftOfCollege. This is where the process could go a little smoother since youre basically opening a brokerage account. This can be done by linking your bank account or by using a debit card. Stockpile doesnt publish a customer service phone number. If you have any trouble with the platform, your best option is probably to try to scour the companys Help Center first. If you do need personal assistance, you an email their team at support stockpile. Currently, Stockpile has a Great rating on Trustpilot of 4. Instead, it is all about gifting stocks through gift cards. You can even purchase them in a limited number of physical stores. The idea of giving someone a stock gift card is great for younger people who are use to such simple concepts, rather than wading through the process of opening a brokerage account. No, Stockpile doesnt offer any wealth management services and, thus, doesnt charge any advisory fees. Yes, if a stock that you own issues a dividend, youll have the option to reinvest it into the company or receive it as cash deposited into your account. No, youll need to use the entire gift card amount on one stock. You can then sell a portion of your stock shares to purchase shares of a different stock if youd like. Account Types. Gift Card Amounts. Service Charges. Funding Options. Tradable Assets. Account Minimum. Stock Commissions. ETF Commissions. Options Costs. Basic Account Fee. Margin Rates. Fractional Shares. Banking Services. Customer Service Number.