Shares for Xmas

[WaySolid]

Just curious whether there are any good structures for buying small amounts of shares for young nephews/nieces for Xmas to get them interested in the market?

 

[scsl]

For a minimum of $4,000 you can invest in CommSec share packs for them. These are a portfolio of 6 blue-chips, chosen by CommSec analysts, depending on which investment style you're after (Market leaders, Capital growth, Income or Tax-effective income).

http://www.comsec.com.au/public/news.aspx?id=757

 

[WaySolid]

For a minimum of $4,000 you can invest in CommSec share packs for them. These are a portfolio of 6 blue-chips, chosen by CommSec analysts, depending on which investment style you're after (Market leaders, Capital growth, Income or Tax-effective income).

http://www.comsec.com.au/public/news.aspx?id=757

For a minimum of 4k? Your family must just love your presents. And there is no way known I will be letting someone else choose the shares unless it's Warren B.

Interesting product and thanks for the reply but a bit closer to what I was thinking of spending would be the ceremonial 1 share certificates, which I seem to remember seeing, think it was a US company though. I mean even 1 share in RIO is a pretty decent present for a kid I think. And if any of the kids have been bad this year they get a TLS share.

I gotta start earning some more money.....

 

[tech/a]

And there is no way known I will be letting someone else choose the shares unless it's Warren B.

Either you dont contribute to a Superfund
OR
I hope your Superfund is doing well Warren.

 

[123enen]

You can arrange an off market transfer to have some of your existing shares transferred to their name. Your broker can help you through the process but the recipient will need to sign a form so you might not be able to keep this a surprise.

 

[RichKid]

How about buying some long dated (10yrs or more) self funding instalment warrants on market for the min $500 in some blue chips for long term capital growth and income? (see Westpac, CBA, Macquarie issued products). Just an idea, not sure how you'd carry over the tax deductions for the interest on the loans (ie the interest rate built into the warrant prices), you'll need professional tax advice on this as I have no idea.....perhaps the kiddies could use the deductions once they start earning above the min threshold.

 

[YChromozome]

Just curious whether there are any good structures for buying small amounts of shares for young nephews/nieces for Xmas to get them interested in the market?

Excellent idea. I like the idea of teaching financial literacy. I think Santa supports it too.


I was down at Westfield today, and waited patiently in-line to sit on Santa's lap. Santa asked what I wished for Christmas. In a cheerful voice I told Santa, I'm simple, I want economic sustainability.

Santa sat up and said "Son, look around, hear the festive cheer of the cash registers ringing, the EFTPOS docket printers printing receipts continuing our double digital credit growth. You couldn't possibly want me to take this alway?". Then he winked at me, and whispered "Son, you will get you wish just after Christmas. The bills will start piling in and interest rates will be up in early Feb".


He also confirmed our suspicions that Christmas will be delayed this year. Due to our love affair with Plasmas, digital cameras and keeping up with the Jone's, the raindeers are no longer up to the task. Apparently Santa has had an Airbus A380 on order since last Christmas, but Airbus has indicated delivery will be a little late. I guess we will just have to play it by ear.



Anyway, must go - Have a credit card to fill. (Some one mentioned the credit limit is actually a target you have to get each month . . )

Driving through the snow, in my white Mercedes-Benz,
Running over poor people and making no a-mens, ho ho
If you can’t afford a present, don’t come to me and bitch,
Christmas time is only fun when your filthy rich,
Jingle bells, oil wells,
Stocks and shares that pay,
Just some of the things I brought myself to celebrate Christmas Day.

 

[laurie]

The educating system here in Oz should be shoot some of the courses students do are really hopeless when they leave school yet share market,financial investing,money management are not taught as a subject nationally

cheers laurie

 

[Julia]

Excellent idea. I like the idea of teaching financial literacy. I think Santa supports it too.


I was down at Westfield today, and waited patiently in-line to sit on Santa's lap. Santa asked what I wished for Christmas. In a cheerful voice I told Santa, I'm simple, I want economic sustainability.

Santa sat up and said "Son, look around, hear the festive cheer of the cash registers ringing, the EFTPOS docket printers printing receipts continuing our double digital credit growth. You couldn't possibly want me to take this alway?". Then he winked at me, and whispered "Son, you will get you wish just after Christmas. The bills will start piling in and interest rates will be up in early Feb".


He also confirmed our suspicions that Christmas will be delayed this year. Due to our love affair with Plasmas, digital cameras and keeping up with the Jone's, the raindeers are no longer up to the task. Apparently Santa has had an Airbus A380 on order since last Christmas, but Airbus has indicated delivery will be a little late. I guess we will just have to play it by ear.



Anyway, must go - Have a credit card to fill. (Some one mentioned the credit limit is actually a target you have to get each month . . )

Driving through the snow, in my white Mercedes-Benz,
Running over poor people and making no a-mens, ho ho
If you can’t afford a present, don’t come to me and bitch,
Christmas time is only fun when your filthy rich,
Jingle bells, oil wells,
Stocks and shares that pay,
Just some of the things I brought myself to celebrate Christmas Day.

Brought a smile to my face, Y-Chromozome. Thanks.

Julia