There is an article by Mark Whitehouse in this week’s Weekend Journal about gift ideas for little investors (age, not height). I love articles like these because I think parents, grandparents, uncles, and aunts spend WAY TOO MUCH money on useless gifts. I bet we have not less than $3,000 – $5,000 worth (new price, not what they are worth now) of useless toys sitting in our kids’ bedrooms and closets gathering dust. I don’t know how many times my wife and I have bought our kids stuff only to see them play with it one or two times and never touch it again.
The problem with giving investment-related gifts is that most kids don’t understand the value of such gifts and most likely will not appreciate it until they have their own kids The article suggests buying and framing the certificate of a share of stock in a company that has made something the kid loved (their example was a share of DreamWorks Animation for someone who loved Shrek). Other companies that might be a hit include:
- Walt Disney
- Wm. Wrigley Jr. Co. – They actually send out a box of gum to shareholders each year. What kid wouldn’t love that?
Of course, you can also give gold and currencies or even collectibles like old toys or Hot Wheels. Just remember that kids don’t like getting toys that they can’t play with.
I’m curious if you, my readers, have any suggestions.