Gifting Investments this Holiday Season
With the current economic climate, it is no surprise that practical presents are in higher demand than ever. One option that might be the perfect gift for someone you care about is an investment. A survey found two-thirds of Americans would like an investment gift this holiday season and yet only 28% plan on gifting investments such as stocks, cryptocurrency, or real estate. Let’s explore why investing could be the ideal present this year and how to go about doing it!
Why Investing Makes a Great Gift
Investing gives your loved one a financial asset that will appreciate over time, making it an excellent way to share something special while also helping them build their wealth. It can help your loved one reach their long-term financial goals and teach them valuable lessons about money management. Plus, giving a monetary gift through investing allows you to give more than the amount you would normally spend on a physical gift and can make all the difference during these tough times.
- About two-thirds of Americans (65%) want investments as holiday gifts, with cryptocurrency, individual stocks, and real estate topping their wish lists.
- Nearly a quarter of consumers (23%) would rather get an investment as a present than a gift card.
- Nearly 30% of consumers plan to gift investments this holiday season.
sources: MagnifyMoney survey of 2,050 Americans conducted Nov. 9-15, 2021.
A Gift That Can Keep on Giving
So what types of investments would people like to see under their tree? Cryptocurrency leads this investment list of desires, with 26%. Other investments people say they’d like to receive as holiday gifts include:
- A particular stock (25%)
- Savings bond (18%)
- A contribution to a retirement plan (14%)
- A mutual fund or exchange-traded fund (ETF) (8%)
- A contribution to a 529 college savings plan (6%)
- Nonfungible token (NFT) (4%)
sources: MagnifyMoney survey of 2,050 Americans conducted Nov. 9-15, 2021.
This growth is further highlighted by survey results suggesting people are more interested in these specific items than toys or luxury clothing brands! So when looking for gifts this year, remember: it's never too early to invest wisely.
The Rise of Alternative Investments
As investors look for new ways to diversify their portfolios, alternative investments offer a tempting opportunity. These unconventional assets can include traditional commodities and real estate as well as specialized financial instruments like hedge funds or private equity. Alternative investments often provide greater diversity in one's holdings while reducing portfolio risk overall.
With the rise of investment platforms like Doorvest, Masterworks, Republic, etc. Alternatives investments are becoming a popular choice among those looking to diversify their portfolio.
How to Get Started with Gifting Investments
If the person you're trying to gift is new to investing, there are several ways to get started. They can open up a brokerage account with an online broker like Robinhood or E*TRADE and receive individual stocks, bonds, ETFs (Exchange-Traded Funds), or mutual funds that you’ve purchased for them.
Alternatively, if they’re more interested in alternative investments like real estate, look no further than Doorvest. Doorvest offers a great platform for real estate investors to jump into the game, with accessible opportunities starting at just $40,000. Not only are users able to invest in top-tier rental properties, but they enjoy exclusive discounts when it comes time to take advantage of those assets themselves! A win-win situation that can't be beaten.
Whether it is opening up a brokerage account or using a platform like Doorvest - there are plenty of options available for those considering gifting investments. Not only will your loved one receive something special but they will also benefit from starting their journey towards building long-term wealth! This year more than ever, practical gifts may be in higher demand due to the financial strain of the pandemic so consider gifting investments – it just might be what they need!