Yahoo Finance How to gift a stake in Tesla this Christmas
It’s the gift that keeps on giving, and giving, and giving, and giving.
Gifting an investment could be the perfect way to help someone start investing or could add a string to an experienced investor’s bow.
And with a series of new fintechs entering the space, gaining access to global shares, Australian property and everything in between has never been easier.
“For anyone trying to think outside the box or struggling with a gift idea, have you ever thought of gifting someone a stake in the world’s biggest tech companies, sneaker brands or the space race?” said Canstar investment expert Josh Callaghan.
“Investing is often seen as complicated and expensive, though people may not be aware of how fintech provides us with a variety of options to get started for under $150 – making for ideal gift ideas this Christmas.”
What can I get them?
Why not: A gift card for US stocks
Low-cost investment app Stake offers gift cards. This means you can buy a loved one shares in Facebook, Apple, Tesla, Netflix, Amazon and even Nike.
Why not: A piece of Australian property
Okay, an entire house might be a bit extravagant for Christmas (and very hard to wrap, let alone fit under a Christmas tree).
That doesn’t mean you can’t gift them the ultimate gift; exposure to the property market. With real estate investment platform, BrickX, you can buy a share of an Australian property for as little as $50.
Why not: Fine wine
This one ticks off two items: your loved one can drink it if they want or hold it for further gains.
In fact, some fine wines can return between 10 and 15 per cent after a few years. However it’s worth making sure the recipient knows about wine and how to store it for investment to prevent it from losing value.
Why not: CryptoKitties
This is an online game in which payers collect and trade virtual cats with a goal of breeding the cat with the most unique attributes. The more in demand the features, the more you can make.
However in order to play this game the gift recipient will need to own Ether, Ethereum’s currency.
Why not: Art
Like fine wine, this is a gift that is nice for a number of reasons. It’s art, after all, plus it has investment potential.
Canstar suggests those with smaller budgets consider new and emerging artists with potential.
Why not: Help them develop their financial nous
Rich Dad, Poor Dad by Robert Kiyosaki, Unf*ck your finances by Melissa Browne, The Barefoot Investor by Scott Pape and The Richest Man in Babylon by George S. Clason are great options for those keen to learn more about money.
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