Photo courtesy of Stockpile
The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga.
What if you could give the people in your life more than just what’s on their list this holiday season?
Every gift is an opportunity for sharing something thoughtful with those who mean the most to us. With a Stockpile gift card, you’re doing more than just checking a name off of your list. You’re giving your loved ones the gift of a lifelong interest in investing and passive income. And if the gift recipient is a child or grandchild, you’re also building in moments of connection throughout the year through Stockpile’s custodial accounts.
As an educational platform and brokerage for the early investor, Stockpile provides people with the opportunity to purchase the only gift card for giving stock.
How it Works
Stockpile’s gift card gives kids and adults access to more than 4,000 of the most popular stocks and exchange-traded funds (ETFs).
For this holiday season, you can give your loved ones Apple Inc. (NASDAQ: AAPL), Meta Platforms Inc. (NASDAQ: FB), Netflix Inc. (NASDAQ: NFLX), Nvidia Corp. (NASDAQ: NVDA), and Alphabet Inc. (NASDAQ: GOOGL) stock through a few clicks of a button.
The process is simple: Go to Stockpile’s eGift Card purchase page, choose a company for stock, select the amount you want to give (as little as $1), and send it to your intended recipient. The digital gift card can be emailed, texted, or printed as a card with a QR code for easy redemption. Once the gift is received, your recipient can now redeem it for stock in the company you selected. Voila! You’ve just made your loved one an investor.
Some may be wondering: Aren’t these stocks expensive? Indeed, they are, but Stockpile’s use of fractional shares solves this problem without any manual effort required on the sender’s part. For example, as of Dec. 1, recipients can still redeem a $50 gift card for Apple stock for roughly 0.33 shares. Stockpile’s fractional shares usage means anyone, of any age and any skill level, can engage in the stock market’s movements. For as little as $1, the gift card can be an additional gift on top of other gifts.
This is perhaps where most of the magic lies. The Stockpile gift card does not just grant part ownership in a company, it can create an introduction to the world of investing and passive income generation. Custodial accounts require guardian sign-off for every trade, and every moment is an opportunity for connection and relationship-building. Risk is inherent in investing, but doing it early and in incremental steps is an excellent way to start.
This experience could help build an interest in how fun (and useful) it is to be learning about finance at a young age. Stockpile CEO Victor Wang says: “Not only could it give children a nice jump-start in life, but it’ll give you something to bond over as they start to learn the ins and outs of investing.”
The preceding post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. Although the piece is not and should not be construed as editorial content, the sponsored content team works to ensure that any and all information contained within is true and accurate to the best of their knowledge and research. This content is for informational purposes only and not intended to be investing advice.
© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.