Prince Myshkin
Footballguy
Saw gift cards for Stockpile recently and wondered if anybody has any experience with it. Have several young family members with birthdays coming up and thought it might be a good option (always hard to come up with ideas so soon after Christmas). It seems like an easy way to get kids interested in investing at the very least, and the fees don't look to be outrageous.
From the website:
What can I do at Stockpile?
Stockpile makes it easy and affordable to buy stock for yourself, or give gifts of stock to family or friends. We have nearly a thousand different stocks, ETFs, and ADRs to choose from, and you can buy or give the exact dollar amount you want using fractional shares. For example, if Google stock (now known as Alphabet Class A) is trading at $500 per share, you don’t need to come up with $500 to get started. You can spend $50 to buy 0.1 shares of Google.
If you want to give a gift of stock, you can give a physical gift card or an e-gift. We carry both kinds because sometimes you want to have something you can put in a birthday card or Christmas stocking. Other times, you need to send someone a gift instantly, and an e-gift is perfect for that. See below for how physical and e-gifts work.
Once you buy your stock (or redeem a gift card someone gave you), you’ll have real stock in a real brokerage account. The stock will go up and down with the market. For example, if Google stock goes up 10% to $550 per share, your stock will be worth $55. You can hold on to your stock and track its progress, buy more Google stock or other stocks, or cash out of your stock by selling it whenever you want.1
What is a Stockpile gift card?
A Stockpile gift card is the quickest, easiest way to give someone a gift of stock! You can buy $25, $50, or $100 physical gift cards in two ways: at your local supermarket or retailer, or online at stockpile.com. There are also two ways you can buy e-gifts for $1 to $1000 – at stockpile.com or on our iPhone app. When the recipient redeems your gift card, they get fractional shares of real stock in a real brokerage account.
From the website:
What can I do at Stockpile?
Stockpile makes it easy and affordable to buy stock for yourself, or give gifts of stock to family or friends. We have nearly a thousand different stocks, ETFs, and ADRs to choose from, and you can buy or give the exact dollar amount you want using fractional shares. For example, if Google stock (now known as Alphabet Class A) is trading at $500 per share, you don’t need to come up with $500 to get started. You can spend $50 to buy 0.1 shares of Google.
If you want to give a gift of stock, you can give a physical gift card or an e-gift. We carry both kinds because sometimes you want to have something you can put in a birthday card or Christmas stocking. Other times, you need to send someone a gift instantly, and an e-gift is perfect for that. See below for how physical and e-gifts work.
Once you buy your stock (or redeem a gift card someone gave you), you’ll have real stock in a real brokerage account. The stock will go up and down with the market. For example, if Google stock goes up 10% to $550 per share, your stock will be worth $55. You can hold on to your stock and track its progress, buy more Google stock or other stocks, or cash out of your stock by selling it whenever you want.1
What is a Stockpile gift card?
A Stockpile gift card is the quickest, easiest way to give someone a gift of stock! You can buy $25, $50, or $100 physical gift cards in two ways: at your local supermarket or retailer, or online at stockpile.com. There are also two ways you can buy e-gifts for $1 to $1000 – at stockpile.com or on our iPhone app. When the recipient redeems your gift card, they get fractional shares of real stock in a real brokerage account.
