"Stockpile is currently the only brokerage that leverages the familiarity and convenience of gift cards to help people of any age get started with investing," said Wang. As COVID restrictions continue to keep families at a distance this year, consumers can now deliver a personalized e-gift card for stock instantaneously. Once purchased, the gift-giver can simply copy a link from their receipt and paste the animated e-gift card directly into a private text or instant message. To send a Stockpile-by-Text, consumers use our intuitive functionality to gift any amount they want right from the mobile app or online at. families to embrace the stock market in time for the holiday shopping season." We hope Stockpile-by-Text will encourage more U.S. It combines the familiar gift giving experience with texting and instant messaging. "It's a natural extension of our existing e-gift offerings. Texting from a smartphone is now the primary form of communication, especially with the younger generation," said Victor Wang, CEO of Stockpile. "Stockpile's mantra has always been to simplify investing. It is the fastest, simplest way to start a family member, friend or loved one on their investment journey. The new gift card format will allow users to deliver an e-gift card for stock via any texting or instant messaging service on any device in a matter of seconds. 18, 2020 /PRNewswire-PRWeb/ - Online brokerage, Stockpile today announced the launch of Stockpile-by-Text, the first-ever personalized animated gift card for stock. We do not provide tax advice coordinate with your tax advisor regarding your specific situation.PALO ALTO, Calif., Dec. We’d be happy to educate them on the importance of setting long-term goals, creating a budget, and setting up a financial plan. While you may be doing your best to teach your children and grandchildren about personal finances, confirmation from an outside source could reinforce your message.
Even an older adult child could benefit from a financial tune-up. Younger adults just starting out might not have enough financial resources for serious investing – but they do need a financial strategy and could benefit from the guidance of a financial professional. Magazines like Forbes, Bloomberg Businessweek, or Money might fuel an interest in investing. Savings Bonds, and CDs also make good gifts by promoting financial literacy in young investors.įor adult children: If a family member dreams of starting their own business, provide great insights on running a business, franchising, and meeting startup challenges with a subscription to Inc. You can gift money to fund their IRA for as much as they earn up to the $6,000 limit for 2020.Stocks, U.S. Just pick a stock and any dollar amount even pay with a debit or credit card. Once the plan is set up, sites such as and offer gift cards that make it easy to contribute directly to a 529 account.įor the older teenager with earned income: Encourage a teen to think about the future by helping them start a Roth IRA. They work similar to other retail gift cards but are redeemable at Stockpile. And some states will let you deduct a portion of contributions from your state taxes. Although contributions aren’t pretax, earnings aren’t taxed. If the recipient still can’t locate the gift, please forward a copy of your purchase receipt email to along with your request to have us resend the e-gift card to the same or another email address. Help finance future qualified educational expenses for a loved one by contributing to (or establishing) a 529 savings plan. Twenty-five percent of Stockpile’s customers are kids and teens. Recipients redeem the cards on the site, which is an online brokerage. The site offers physical gift cards you can put in Christmas stockings and e-gifts you can send instantly. For $25, $50, or $100, you can purchase fractional shares of stock from popular companies like Pepsi, Facebook, Apple, and Disney. Looking for gifts that will be appreciated long after the holiday decorations are stashed away for next year? Here are a few ideas for presents with lasting impacts.įor younger children or teens: Encourage an interest in investing with a gift card from.
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