Here’s a gift idea for your child that’s fun, educational, and will someday be worth more than it is right now. You can’t say that about Call of Duty 3 or whatever’s else is hot right now, can you?
Sharebuilder is the investing arm of ING Direct and they have a pretty sweet deal going on:
Open a Sharebuilder custodial account for your child, purchase at least one security, and you’ll earn a $50 bonus.
This is one I am completely taking advantage of as a gift for my son (my daughter is over 18, so I can’t open a custodial account for her).
In fact, I did this a couple of days ago and it took about five minutes. I haven’t purchased the security yet, because I’m going to let my son do that. And in about four weeks (the length of time Sharebuilder tells you to allow for the bonus to hit your account) he’ll have another $50 to invest.
The promo code to use when opening your account is INVEST4KIDS. Make sure to use it so you’ll qualify for the $50 bonus.
(FYI, the same day as I opened the account, I got an email from Sharebuilder with the subject line: “Your promotion code has been accepted.” It’s always nice to get confirmation like that when taking advantage of online bonuses.)
And if you’re worried about what to put under the tree, Sharebuilder provides you with this mock stock certificate to print out, fill out, and wrap.
Note: I have no relationship with ING or Sharebuilder, other than being a satisfied customer. Also, I am not a financial professional and this post in no way constitutes financial advice.
This post is part of Frugal Fridays at Life As Mom.