stocks!!

Re: stocks!!

• LeiselEB member

  

  March 2012

  How about you just take the money people will give you and invest in/spend it on whatever you want? 

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• hoffse member

  

  March 2012

  I think this is strange.  And the plural of stock is "stock."  What you're talking about are shares of stock.  You should just use cash that you receive.  I have no idea how you would even go about registering for this.

  

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• BTCarolus

  

  March 2012 edited March 2012

  This is even nuttier than the person below asking about registering for silver bars. For one thing, Apple's (AAPL) price per share is over $540 right now, with no sign of dropping significantly. So, you're going to ask family and friends to buy you items that cost a little less apiece than 2 kitchenaids? I don't think so!

  
  

  The bigger problem is that asking for stock is not how investing or building a portfolio works. You need to start with a chunk of money that is then distributed to various different stocks, based on a plan. This will also allow you to dollar cost average. You can't register for this by asking for two AAPL, twenty MSFT, and four GOOG shares (incidentally, google is over 600 right now). There are minimum amounts of investment for most investing firms, your guests aren't going to band together to meet those minimums, and you can't have a stock portfolio with Schwab taking care of your two shares in apple, and Chase watching over half of your microsoft stock, anyway. You need a united investing plan. You also need a plan that doesn't buy a couple of big name tech companies because those are names you happen to know. You would need to diversify. And tech isn't necessarily the greatest place to be. It's doing ok right now, but for the last three years I've been glaring at my one tech mutual fund the most out of all my portfolio, because it's been lagging behind everything else. If you're only in tech, you'll get hurt the next time there's a drop in the tech sector.

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• jessicabessica member

  

  March 2012

  This is a bad idea for multiple reasons, most listed above by PPs.  Just don't register, and people will likely give you cash that you can spend however you want.  

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• Ali092011 member

  

  March 2012

  In Response to <a href="http://forums.theknot.com/Sites/theknot/Pages/Main.aspx/wedding-boards_registering-gifts_stocks?plckFindPostKey=Cat:Wedding%20BoardsForum:34Discussion:9adda2ba-da25-4a73-88d4-fb6c88dd4828Post:6f7d28ca-69e3-4b62-bb5c-b33722ecd700">stocks!!</a>:
  [QUOTE]I've been thinking..... <strong>can I get sticks</strong> (such as apple,microsoft, etc.) as a wedding gift?? Due to my hubby's job we are moving to a far country and wont be able to take the wedding gifts with us... so no point for us to ask for anything!!! But if we get the stocks as the gift, it will be a great investment towards our future... right??? What do you all think?? and can I even register for stocks?? if so... where??
  Posted by deconincks[/QUOTE]
  
  Do people ever read before posting? I'm sorry, I just find that annoying and inconsiderate.
  
  Like PPs said, it doesn't make sense, and as a guest, I wouldn't want to buy stock for someone who doesn't even know how the market works.

  

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• calliopeia2013 member

  

  March 2012

  In Response to <a href="http://forums.theknot.com/Sites/theknot/Pages/Main.aspx/wedding-boards_registering-gifts_stocks?plckFindPostKey=Cat:Wedding BoardsForum:34Discussion:9adda2ba-da25-4a73-88d4-fb6c88dd4828Post:93f532c0-b71d-454c-b827-75cb332da969">Re: stocks!!</a>:
  [QUOTE]This is even nuttier than the person below asking about registering for silver bars. For one thing, Apple's (AAPL) price per share is over $540 right now, with no sign of dropping significantly. So, you're going to ask family and friends to buy you items that cost a little less apiece than 2 kitchenaids? I don't think so! The bigger problem is that asking for stock is not how investing or building a portfolio works. You need to start with a chunk of money that is then distributed to various different stocks, based on a plan. This will also allow you to dollar cost average. You can't register for this by asking for two AAPL, twenty MSFT, and four GOOG shares (incidentally, google is over 600 right now). There are minimum amounts of investment for most investing firms, your guests aren't going to band together to meet those minimums, and you can't have a stock portfolio with Schwab taking care of your two shares in apple, and Chase watching over half of your microsoft stock, anyway. You need a united investing plan. You also need a plan that doesn't buy a couple of big name tech companies because those are names you happen to know. You would need to diversify. And tech isn't necessarily the greatest place to be. It's doing ok right now, but for the last three years I've been glaring at my one tech mutual fund the most out of all my portfolio, because it's been lagging behind everything else. If you're only in tech, you'll get hurt the next time there's a drop in the tech sector.
  Posted by BTCarolus[/QUOTE]
  
  This.  So much this.  OP, while it wouldn't be a bad idea to tell people who ask that you're saving up for investments, you can't just...register for stock.  It doesn't work that way. 

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• ElisabethJoanne member

  

  March 2012

  In certain circles, stocks and bonds would be a traditional large wedding gift from very close family and friends. The idea was to start the nest egg for the couple, who were too young to know how to invest themselves, and who might spend cash on trifles.
  
  You're not going to see much of that anymore. People get married older, with more experience. There are more investment advisors, etc.
  
  I agree with PPs you should just take the usual advice about maximizing the number of cash gifts, then invest it.

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