My new born daughter has received a small cash gift from her grandparents. Rather than have them sit in a bank account for 15 years is there a way to buy shares/funds in her name easily? She has a PPS number. I'm not interested in physical share certs.
The cheapest way to buy is online, but you may find that online brokers increasingly charge a minimum annual fee. Hence, owning a share cert, while a little more expensive upfront, will possibly be a lot cheaper if you intend for your daughter to hold it until she is, say, 18. I don't think you can get a share cert for ETFs (although I could be wrong on that), so perhaps you could consider a defensive global brand (Kellogg, McDonalds, Proctor & Gamble etc.) or Berkshire Hathaway.
Rory
Surely a single share or even a few shares would be a poor choice in this case. A spread is what is needed.The cheapest way to buy is online, but you may find that online brokers increasingly charge a minimum annual fee. Hence, owning a share cert, while a little more expensive upfront, will possibly be a lot cheaper if you intend for your daughter to hold it until she is, say, 18. I don't think you can get a share cert for ETFs (although I could be wrong on that), so perhaps you could consider a defensive global brand (Kellogg, McDonalds, Proctor & Gamble etc.) or Berkshire Hathaway.
Rory
Not necessarily...Surely a single share or even a few shares would be a poor choice in this case. A spread is what is needed.
Paper share certs, where they still exist at all, are more hassle than anything these days. Almost certainly you'll need to "dematerialise" them - convert them into electronic holdings - before you can do anything with them. And this can be messy, time consuming, and costly. Better to hold shares electronically.Im in an identical position to the original poster, where could I buy a share cert.
Paper share certs, where they still exist at all, are more hassle than anything these days. Almost certainly you'll need to "dematerialise" them - convert them into electronic holdings - before you can do anything with them. And this can be messy, time consuming, and costly. Better to hold shares electronically.
Sounds like a Mickey Mouse investment to me...Disney used to do special share certs for kids if you bought shares. Not sure whether that’s still a thing or not.
It was nice to be able to educate them with something tangible where they could understand the business model and feel a sense of ownership.Sounds like a Mickey Mouse investment to me...
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