I want to buy stock for my son's birthday. He's 23 and I want hem to have complete control.?
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You can do that. When you buy stocks from a broker, the certificates can either be held "in house", or they can be sent to you on your request.
I did that for my son when he was 10, but I bought Disney. They have fun looking stock certificates.
hmmmm i really dont know but im 15 i want to invest money in the stock i just wanted to tell you to make sure u get money in the oil stocks
buy them in your name, then when he returns, just transfer into his name
I do not know what your real question is, are you asking for a stock recommendation?
He's in the military and he's 23. I would go with his interests. Obviously, he's pro military. Has he mentioned any things that he uses and reallyl ikes? IE does he flying in the Sikorsky helicopters. A few shares of United Technologies would be a good idea. Who makes the Tevlar vests they are wearing? I would look for some ideas based on his military interest.
Then there is always the kid in every young man. My 22 year old son has chosen to invest in Wendy's because the liked their food and felt they were offering some health alternatives.
Video games maker? EA Sports.
You get the idea. Pick something that he'd have fun tracking. Then do a bit of research and see if that company is a good value. You can find that info on Yahoo finance and look at the analyst recommendations.
Rather, teach him there's a time to Buy, and there's a time to hold, that blind hope without preparation is foolish. He would understand this, being in the Military.
If you have a strong stomach for $100 price fluctuations in a day (that's $10,000 on 100 shares), you can buy something like Google.
But first, what is your definition of Long-Term? If you had bought anywhere around the 2000 high in the stock market, you would still be waiting to get even after six years, and wouldn't mind waiting another seven years to make a profit if you are truly a "long-term" investor.
The "Buy-and-Hold" strategy really doesn't hold water if you consider it depends on when you "buy." You might go 25 years without a profit, if history is any guide. But if that is your deal, then go for it.
Otherwise, you have to consider that the Dow is again approaching that all-time historical high set in Jan 2000 at 11,721. Looks like a Double Top to me, but some people say we could double that again. Logically, this is one of the scariest markets I've ever seen in two decades of watching it; just pick something that is stable, anything. Doesn't exist, does it. Anything could send this market over the edge to the great void. But hey, it might double too, who knows.
For most people, the name of the game is capital preservation. You don't invest when the market gets too risky or too frothy or is nearing a market top or an old market top, or when the market is overpriced, or unstable, and all of these things are true today. There really is a time when cash is King. That 1.5% CD is going to look pretty good when everyone else is cryin' in their beer about losses. Or the market could just go sideways to work off the excesses, but either way, you're safe if you're out. Wanna throw the dice, go to Vegas.
If you wish to research the “Buy and Hold Strategy” further, or perhaps trade yourself, I recommend two book titles. One is called "Which Is Better, Buy-and-Hold or Market Timing?" The other is "Do You Have What It Takes to Be a Market Timer?" They will give you plenty to think about.
Buy them long in his name. you will receive the stock certificates and you can hand them to him yourself!
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