The Money Coach
  • About
    • Meet Lynnette
    • Media Kit
  • Contact
  • Subscribe
  • QR Code
  • Books
  • Categories
  • Coaching
  • Hire Lynnette
  • Money Coach University™
  • The Money Coach Recommends™
No Result
View All Result
The Money Coach
  • About
    • Meet Lynnette
    • Media Kit
  • Contact
  • Subscribe
  • QR Code
No Result
View All Result
The Money Coach
No Result
View All Result

5 Smart Ways to Give the Gift of Stock Investing

Lynnette Khalfani-Cox, The Money Coach by Lynnette Khalfani-Cox, The Money Coach
in Investing
Reading Time: 4 mins read
Stock Investing Apps
252
SHARES
4.2k
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

With the holiday season approaching, everyone’s looking for a unique gift for our friends and family. After all, no one wants another receive another pair of boring socks!

Just as our modern world is evolving, why should the holiday season and gift-giving be any different? To get with the times, did you know you can give the gift of stock investing?

Did you know that there’s a whole slew of clever ways to give a new facet of financial responsibility (and fun!) that can give young investors and those new to handling the stock market an “in” to the rich world of investing?

Here are 5 smart ways to give the gift of stock investing this holiday season.

Acorns

Ever wanted to get rid of all that spare change jangling around in your pockets and put it to use?

Acorns  is an app that links to your bank account and credit cards, rounding up your daily purchases and investing the remaining “change” into fractional shares.

This allows younger and newer investors to circumvent the traditional barriers to stock investment, like buy-in prices, start-up capital, and high fees.

Acorns is customizable, with the ability to round up higher amounts if you want to funnel more money into your investments.

You get the ability to choose between five types of EFT (Exchange Traded Funds) portfolios, which range from conservative (cash and bonds) to aggressive investing (over 80% in equities).

Best of all, Acorns is free to download. However, it will cost you $15 a year if your entire portfolio is less than $5000 (0.275% for accounts in excess of $5,000), which is significantly less than a traditional broker.

 Motif

Looking for a tried-and-true way to give the gift of investing? Since 2010, Motif has been one of the most recognizable names in cutting-edge investment platforms, with over 250,000 users worldwide.

It also has been ranked for three consecutive years as a CNBC “Disruptor 50”.  In other words, Motif could be the gift that keeps giving!

Similar to Acorns, Motif allows users to buy bundles of stocks and ETFs. Instead of the aforementioned “rounding up” feature, your funds are bundled into “motifs”, which groups 20-30 like-minded securities by concept or industry.

Of the 9,000+ motif to choose from, the most popular include “Recession Resistant”, “Biotech Breakthroughs”, or “Lots of Likes”, a motif that generates the most popular stocks from how many likes they receive on Facebook.

There’s also the “Create a Motif” function, which allows the user to create their own stock picks as a motif to customize their own trading. The clincher to this is that every time uses your custom motif, you earn royalties.

This is just one of the many features Motif offers, which is sure to keep young investors glued to their money instead of video games!

So, how much does it cost? Motif requires a $250 minimum balance to start trading, with $9.95 for most purchases and sales.

As an added benefit, Motif doesn’t charge a fee for withdrawal. Motif is available for iOS, Android, and iPhone.

Robinhood

Looking for a free gift to give as a gateway into stock investing? Look no further than Robinhood. Made with a no-frills interface with Millenials in mind, Robin Hood offers a FREE way to invest in EFTs or individual stocks with no minimum deposit.

Similarly no-nonsense, Robinhood only offers bread-and-butter stock trades, avoiding the somewhat confusing options, OTC securities, warrants, and mutual funds.

Of course, Robinhood offers more advanced features for new investors looking to be more involved with their investments. Users can schedule automatic transfers on a weekly, biweekly, monthly, or quarterly basis.

The feature Robinhood Instant also allows for immediate withdrawals (up to $1,000), side-stepping the typical three business-day wait so users can get their money instantly.

And the monthly-subscription service Robinhood Gold includes after-hours trading, lines of credit (for accounts over $2,000), and larger amounts of instant deposits

Currently, Robin Hood is only available via app on your iPhone, iPad, Apple Watch, Android smartphone, or by visiting their website.

Betterment

Offering innovative tools, a diversified investment portfolio and reasonable management fees, Betterment may be one of the best gifts you give this holiday season.

Like Robinhood, Betterment has no minimum deposit, allowing new investors to learn investing without having much capital to start out with.

Like the other services listed, Betterment uses exchange-traded funds (ETFs) to ensure that they don’t lose their shirt while dipping their toes in the stock-investment world.

Betterment accommodates newer investors with its goal-based savings features, personalizing your investment strategy based on income, expenses, retirement-savings targets.

There’s also the optional Smart Deposit feature, which siphons unneeded cash from your checking account and puts your money to work instead of lying fallow in your checking account.

Betterment claims to be industry leader in the “robo-advisor” industry with more customers than all of its competition combined and $3.9 billion in managed assets.

 SparkGift/Stockpile

Another type of stock-investment app that functions as a “gift that keeps on giving”, SparkGift just might solve the problem of “what presents do I get them?”

By using SparkGift, you can easily buy a share of any publicly traded company, and give that share of stock as a gift to anyone in just a few clicks.

The recipient then receives instructions via email on how to set up a brokerage account or add to an existing account. That’s it! No messy financial jargon or Wall Street wizardry to ward off those inexperienced in financial matter.

What makes SparkGift great is that it’s perfect for anyone, from newborns to teens to grandparents. Younger users, of course, are safeguarded from selling the farm by having a custodial account set up for users under 18 years of age.

Best of all, Spark Gift is cheap: you can spend as little as $20, with a $2.95 fee for any purchase under $100.

Recently acquired in June 2016 by Stockpile, a company with a similar mission and wider user-base, SparkGift is currently adding more features and a wider array of functionality.

Newer users are encouraged to user Stockpile’s website and apps  to take advantage of their complete functionality.

When it comes to giving this holiday season, think non-traditionally. Introducing stock investing to those who’ve never had the opportunity to do so before might be the most exciting gift they receive. After all, stocks are better than socks!

Previous Post

A Rallying Cry for Future Entrepreneurs

Next Post

Warning: IRS Partners With Debt Collection Companies

Related Posts

Compound Banc App on mobile phone

Compound Banc Launches New Investment App

by AskTheMoneyCoach

Compound Banc is a financial technology (Fintech) company that provides access to institutional-quality real estate investments and products to retail investors. They offer low-cost, tax-advantaged investments with fixed contractual returns, unlike other investment instruments where past performance is not necessarily indicative of future returns. PRESS RELEASE NEW YORK - February...

Trade and Travel

The Epic Guide to Teri Ijeoma’s New Trade and Travel 2.0 Course

by Lynnette Khalfani-Cox, The Money Coach

If you’re considering trading stocks – which is also known as “active investing” – chances are you may have heard of Teri Ijeoma, creator of the popular Trade and Travel course. She’s been featured as the #1 course creator on Teachable and profiled in various media, from Forbes to Black...

Citizenship by investment

Investing in Second Citizenship: Is It a Luxury or a Necessity

by Guest Contributor

Sponsored Content Citizenship by investment (CBI) is becoming increasingly popular among investors in the last couple of decades. The concept of getting citizenship is pretty simple; the investor should make either a single donation to a national fund or purchase real estate in the country.  If successful, dual citizenship offers...

Here’s How to Handle Stock Market Volatility

by Lynnette Khalfani-Cox, The Money Coach

I’m doing a lot of TV interviews on how to handle stock market volatility, depending on your goals and time in the market. Here are my thoughts…

Understanding the Hype About SPACs on This Episode of ‘Make It Make Cents’

by Lynnette Khalfani-Cox, The Money Coach

Throughout much of this year, SPAC IPOs (initial public offerings) have gained steam, with hundreds of companies taking this route to go public.  In the latest episode of “Make It Make Cents”, my YouTube series with Trade and Travel Founder Teri Ijeoma, both Teri and I broke down what SPACs are and...

cryptocurrency definitions AskTheMoneyCoach

Cryptocurrency Cheat Sheet: A Glossary of 30 Crypto Terms You Should Know

by Lynnette Khalfani-Cox, The Money Coach

Are you confused about cryptocurrency? Baffled by digital assets? Or just curious to better understand some of the lingo you hear people using when referencing Bitcoin, blockchain or other things related to cryptocurrencies?  Then improve your digital literacy with this cheat sheet. It contains brief definitions for some of the...

A Beginner’s Guide to Understanding and Investing in Cryptocurrency

A Beginner’s Guide to Understanding and Investing in Cryptocurrency

by Lynnette Khalfani-Cox, The Money Coach

Here’s what you need to know before you add bitcoin to your portfolio Even if you don’t follow financial news closely, you’ve likely heard a thing or two about cryptocurrency.  Some countries are establishing it as legal tender, and new coins are popping up more frequently.  At one point in time, digital...

Load More

Popular Posts

  • Car repair

    What to Do If You Can’t Afford a Car Repair Bill

    1369 shares
    Share 548 Tweet 342
  • What to Do if Your Spouse Stole Money From You

    1159 shares
    Share 464 Tweet 290
  • What to Do If You Can’t Afford to Leave Your Spouse

    1096 shares
    Share 438 Tweet 274
  • Here’s Why I Pay My Kids For Good Grades (And Maybe You Should Too)

    999 shares
    Share 399 Tweet 250
  • What Do All Those Strange Codes In My Credit Report Mean?

    808 shares
    Share 323 Tweet 202
  • Do This Now If Your Wages Were Not Reported

    736 shares
    Share 294 Tweet 184
  • How to Find Out if a Debt Collector is Licensed to Collect Your Debt

    713 shares
    Share 285 Tweet 178

All information on this blog is for educational purposes only. Lynnette Khalfani-Cox, The Money Coach, is not a certified financial planner, registered investment adviser, or attorney. If you need specialty financial, investment or legal advice, please consult the appropriate professional. Advertising Disclosure: This site may accept advertising, affiliate payments or other forms of compensation from companies mentioned in articles. This compensation may impact how and where products and companies appear on this site. AskTheMoneyCoach™ and Lynnette Khalfani-Cox, The Money Coach® are trademarks of TheMoneyCoach.net, LLC.

©2009-2023 TheMoneyCoach.net, LLC. All Rights Reserved.

RSS / Sitemap /Submit an Article / Privacy Policy / LynnetteKhalfaniCox.com

No Result
View All Result
  • Books
  • Categories
  • Contact Lynnette
  • Get Coaching
  • Hire Lynnette
  • Money Coach University™
  • The Money Coach Recommends™
  • Home
  • Subscribe to Newsletter
  • QR Code

©2009-2021 TheMoneyCoach.net, LLC. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist