Tired of presenting the same old wedding gifts to newlywed couples? Well, it seems like the need for innovation is more pronounced now with traditional gifts losing their charm. Gifting something solid and substantial to the couple would be worthwhile, wouldn’t it? Ever thought of making a gift of stocks?
It may sound ridiculous, but stocks are a high value idea to give newlyweds a head start in their married life.
Why gift stocks?
A wedding is a special occasion. You try and make it more special by giving the newlyweds gifts they can cherish, use, and remember you by. However, selecting unique gifts for every occasion that are both useful and aesthetic is difficult. Leading stores that sell wedding gifts say that up to 12% of all gifts are returned soon after the wedding because of duplication.
So what’s one thing that will make the couple happy and that’s not likely to be returned? Something different, something that has lasting value, something that will appreciate over time and will give the newlyweds greater returns. This is where stocks come in. Gifting stocks and investments is the next big thing at weddings.
How do you do this?
Either give the couple stocks that are already highly valued, or buy them new stock and allow them to build on it.
Wedding registries that accept cash from you and translate it into whatever gift the couple wants already exist. There’s a social dialogue creating etiquette for the use of these registries, making them universally acceptable. Some of these registries have expanded into stocks.
How do they work?
The registries accept your money, charge you a fee, and inform the couple of your gift. The couple can then advise them either to hold the money or to transfer it to a brokerage who will then invest it suitably. Some registries even offer a list of stocks they will invest in for you. These are usually single stock investments that the couple can build on later.
Registries presently don’t offer to transfer stocks for you, nor do they offer investment advice. Gifting securities except as charities don’t give you tax benefits. What they do is help you give the newlyweds a meaningful gift.
Do you think gifting stocks is a great deviation from tradition? Do you think it’s a drab gift? What other gift can you think of that’s not traditional and that’s really useful – other than investments? Do share your thoughts with us and other readers!
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