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Stock for Baby's Xmas? |
I have an idea for a Christmas present for my newborn nephew, but I am not sure how to execute it. I'd like to start his investment porfolio by buying him a single share of stock. (I'm a student, so I can't afford much.) I would like to present this share of stock as an actual certificate in a frame. Buy through a broker as a last resort. They can charge exhorbinate fees for issuing certificates. Yes, when you buy the one stock tell them you want the certificate sent to in your nephew's name. Not a problem they do it all the time. Why don't you look into doing a savings bond for your nephew? You don't have to worry about the stock taking a dive and in 7 years it will reach maturity. And they cost less that the amount you want. It's also a pretty certificate that looks kind of like money! good idea...yes ameritrade will send you the certificate...make sure you pick a nice stock. very thoughtfull gift...bonds are good too double EE series. Sharebuilder has a kit called the young investor holiday gift pack. Click on the green icon that I put on this page, it will take you to the site that specializes in selling 1 share of stock. Buy stock in the electric company that your nephews parents use,take posation of the certificate then enroll it in the automatic dividend investment plan and watch it grow from there.You will also be able to then add cash at times without a commision charge so every year on birthday you add more money and plan then buys more shares.And don't worry the electric company is not going out of business the stock will move higher slowly over the next 18 years while your nephew is growing up. |
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