We have spoken about various investment apps lately but not about giving and receiving stocks from friends and family. While people have done this for years to make some of the most rewarding gifts for someone’s future a new platform makes it much easier. SparkGift lets you give stocks and index funds to your friends and family.
You can gift stocks and index funds, including fractional shares, ranging from $20 to $2,000 in as long as it takes to fill up a cup of coffee. This works similar to purchasing a gift card where you select your stock or index funds and send it to your recipient who redeems the gift for their stock held by SparkGift.
The recipient of the investment pays no fees. SparkGift charges the sender a fee of $2.95 plus 3%. If you use SparkGift for this Christmas season they will charge only $2.95 for gifts of up to $100.
You can schedule an investment gift to be delivered via email on the day of the holiday or occasion say someone’s Birthday, graduation, wedding, anniversary, baby shower, Bar Mitzvah, communion, Christmas, or Hannukah. This would include a personalized gift message which can be delivered in digital form and on a professional print-at-home certificate.
Stocks and investments normally go up in value instead of down in value and this is a key to learning for kids who could start investing at a young age. Gift cards normally go unused or people buy things they would normally never actually need with them because they are only to be redeemed at certain retailers.
If your need is to reward employees and customers in something other than a typical gift card this would provide a great bonus from businesses.
SparkGift also makes it easy to receive an investment gift with a gift registry page where you can select the stocks and funds that you desire with friends and family. One commenter created a gift registry page thier son’s birthday. Mainly because most kids do not need more toys or gift cards. To help a child’s future is the way to go so they can receive contributions for their college investment fund via this registry. It also makes a great gift when you really do not know the person for a baby gift. If you do not know what to buy a baby then get them some Google ($GOOGL) stock or invest in a clean energy future for the baby with Tesla ($TSLA).