Young adults or teenagers can be very hard to buy for. If you are contemplating what kind of gift to buy your teen for their birthday, graduation, or any holiday, this will interest you. Instead of giving a traditional gift like clothes or gift cards, many parents are deciding to give their teen an investment gift.
There is a new company called Spark Gift that makes investment gift giving possible. Spark Gift was created on the belief that one financial gift can spark a lifetime of saving and investing. Spark Gift makes it easy to give stocks and index funds as gifts. The process is simple. All you need to gift is the parent’s email address and anyone can send an investment gift for the benefit of a child.
For teens, investment gifts can really act as teaching tools. For example, instead of giving your teen a $50 iTunes gift card, you could give them $50 of Apple stock. The process of receiving an investment gift can spark incredibly valuable discussions about saving and investing at an early age.
Here’s a great reason to look into Spark Gift this week!
Spark Gift is offering a MATCH20 promotion for MDR readers this week! When you send a gift, just include in your message “#match20″. When your recipient deposits your gift, Spark Gift will send the gift recipient another $20 gift, at no charge to you. Wow! What a great start. Thanks, Spark Gift!
Disclaimer: Limit one matching gift per recipient. Gifts must be deposited by Friday, May 8, 2015.
Spark Gift’s features:
- Giving a gift is easy and magical – You can give a gift in under a minute.
- Lots of investments to choose from – Over 6,000 stocks and index funds. You can choose your own or choose among the most popular investments like Google, Apple, Tesla and Vanguard index funds.
- Get started with just $20 – Spark Gift supports fractional shares which let you buy a fraction of a share of stock or fund. This means that you can get started for just $20.
- Receiving a gift is easy – When the recipient received the gift via email, Spark Gift guides them through the process of creating a brokerage account on Spark Gift. It takes 2 minutes and it’s 100% online.
- Easy for others to contribute – Others can continue to give gifts into the account, providing a way for the account to grow over time.
- See your investment portfolio – Using Spark Gift, you can see your investment portfolio. This makes it interesting and educational for the teen to watch their investments over time.
Give a gift that will increase and keep giving. Give Spark Gift!