I want to gift multiple shares of stock to my kids?
Question:
Answer:
The only thing I could think of to do is to find a company/companys that have a Direct Purchase Plan or have some sort of plan like that. That way you are buying the stock directly from the company, skipping the broker. What I did with Microsoft is I went to singleshare.com and bought one framed certificate (because the only way you can sign-up for there plan is to already own a share/shares or to agree to invest a certain amount of money, I forget how much), then filled out the registration form (you can set-it up in the minors name under the Unified Transfer to Minors Act), sent in a check for the amount of money I wanted to invest, then on the website you can get certificates issued. Now, you have more than one child, so you would have to buy two framed certificates, and sign-up twice (one for each child) then get certificates issued. It might be good that way, because then each child has a nice framed one. Or you could just buy one framed share and sign up once with Microsoft's program and then just transfer some shares over to the other childs name and get certificates issued. I don't now of any other ways you could buy more than one share without a broker. Oh, it dosent cost anything to get the certificates issued in Microsoft's program, it just costs $5 for each check you send in nor does it cost anything to maintain the account. And if your kids now, or in the future deside they would like to invest more in the company, they always can for very very cheap. Here are the program details: https://vault.melloninvestor.com/servlet... (the program is run by Mellon). I don't know of any other companys that have a program like this, I think Disney might. Hope this helps, it is what I did, if you have any question just email me at: mitts2010@gmail.com.
Ohh, one more thing, if Microsoft's stock price ever goes up, or your kids or you wants to sell, you can just send the certificates in and they will send you a check for the amount they were sold for (this costs $15).
Just checked, here is Disneys plan: http://corporate.disney.go.com/investors... not shure if you can get the certificates issued though.
read more tips on investing and stocks on this site
One way is to open a brokerage account in your name, buy the shares and then tell the brokerage firm to have the certificate made out to your child's name and sent to you. I have done that.
Ryan gave you some great information. One thing that I would like to add. Disney does offer a direct purchase plan and they issue out a beautiful certificate suitable for framing. It's a very popular gift for kids since every kid is familiar with Disney. The only downside is that they have a minimum purchase requirement of 100 shares. This may be more than you were planning on spending. There are some fees associated with this process as well. Good luck
No problem.There are two simple ways:
1) Buy the shares yourself and tell the broker to have the certificate issued in your children's name. No extra charge.
2) If you already have the share certificate in your name, ask the broker to transfer them to your children's name. He will probably charge you a small fee, eg $20 or so, for his trouble.
More Questions & Answers...