How do I buy shares in a company as a gift to my Godson?

Answer 1

If you live in the UK your godson is not allowed to own stock market investments until he is 18 years old. You could gift the shares to one of his parents or retain legal ownership and sign a letter or make a change to your will to indicate that you want your godson to inherit the holding.

Or you could open an account with an investment management company (eg: M&G or Schroeders). The investment still has to be in the name of an adult but you can add your godsons name to the account to make it clear that you want him to inherit the holding. So the account name would be something like 'Mr K Smith (re. Master J Windsor)'.

There os one more alternative. All children born since 2003 are entitled to a Child Trust Fund. Their parents can invest up to £1200 in these accounts each year tax free. If your godson has a stockmarket CTF there is nothing stopping you donating money that can be used to buy the shares you want him to have. Once the investment has been made no one else can withdraw the money and the shares will become the legal property of your godson on his 18th birthday.

Answer 2

There are companies that have drips like Exxon Mobile and McDonalds. These are dividend reinvestmenr plans. Depending on how the yare set up you may not even have to own any share in the company you are interested in. You can buy a single share to several thousands of shares with out a broker and for market prices. You can even buy these shares in someone else's name.

Below is a link to the Exxon Mobil website offering a DRIPplan

Answer 3

Kids learn what they are taught. You usually have gifts for him when you see him. Kids are egocentric unless they've been taught something different. All these years you've been giving, the mother should have sat the child down to write you "thank you" notes. Gratefulness doesn't come from more gifts, it comes from learning the lessons of life. Apparently he's not being taught those. I would not buy any child a gift of $2-400. Not for all the tea in China. Perhaps next time you visit, you talk with him about "weeding" out the old toys he doesn't play with anymore (you could help him do this) and donate them to the Good Will or Salvation Army. And, also explain to him that you give him gifts because you love him, but because of that love, he shouldn't expect to get things from you. That's greedy and you can turn it around by telling him the proper behavior and expectations. I went so far with my grandchildren that i bought note cards, addressed them to myself and put stamps on them. I got no more cards than the ones i had stamped... so now my grandchildren get cards for special occasions. No need to write a thank you note for a card. They're beginning to get the picture... Something else you might do is to spend quality time with him instead of giving him gifts. Take him on an over night trip, to the zoo, to a ball game (yes, these require a thank you note!), have fun with him. It will enrich his life and yours!! You sound like a good friend!!!

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Answer 4

Go to
www.oneshare.com
www.sharebuilder.com (as low as $4.00 commission)

You can purchase shares of stock yourself and "gift" them to your godson. There are a bunch of ways to do this depending on what you are looking to do (ex. tax write off, etc)

If you buy - both of these websites have instructions on how to gift stock. Typically its just a letter you write (or a form) that is Notarized by a notary.

Answer 5

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Answer 9

depends how old he is, in the UK to own shares in a company you have to be 18 or over, you could however keep them in your name and have them transferred to him on his 18th birthday.
You can buy shares from the Royal Bank Of Scotland, they have a shares section and they can talk you through it.

Answer 10

You could by them in trust for him until he is eighteen. This would mean you could still buy sell or transfer as the market changes.