Amazon is looking like a pretty good stock selection. The online retailer’s shares are up nearly 27% this year. Over the past ten years, its ascent is almost unreal: a 2000% increase.
West and Russell, who earlier this month became the highest paid football player in the league, sure can afford to give these presents with potential. But you don’t have to be a wealthy celebrity to gift single shares.
Stock gifts could end up being wise long-term investments. Unless that stock falls, that is. Stocks go up and down, but the S&P 500 is up 17% this year, and 239% over the past 10 years, according to Refinitiv.
The pattern of a single company’s shares might look very different, but owning a little could inspire the gift receiver to build a portfolio.
Disney at the top
Out of the bunch, Apple has done best this year.
It seems people love giving what they consume.
The website Stockpile offers a similar way to gifting shares. Its trending ranking includes many of the same options, as well as the SPDR S&P 500 ETF and the Vanguard 500 ETF.
Exchange-traded funds track the equity market with a slight lag and are popular investment product to gain exposure to a whole sector or section of a market. The gift offers diversity rather than leaving the receiver with exposure to just one company, which is why ETFs are generally better long-term investments than individual stocks.
The SPDR S&P ETF is up 16.9% this year.