can i buy 5 shares of caterpillar stock for say a niece? for a b-day gift and have in her name her age is 3?

Question

buying stocks

Answer 1

The best way to do that is go direct through caterpillar via their direct reinvestment progam ( DRIP ).

Their # is: 309.675.4619

Don't buy through a traditional broker if you can help it due to the high overall commission.

for other info: http://www.advancedwealthsolutions.com

Answer 2

Some of the above are decent suggestions, but you should open something that will allow anyone to contribute, such as a college savings program like a 529. You can also easily setup an automatic billpay to it, that can add a little ($10 a month) to a lot. Dollar cost average is amazing, so instead of giving to her once, give to her all the time for a long period of time and you will have a large sum in the long run, that does not require much from you throughout. Good idea either way. Starting that young is great.

Answer 3

Yes, you can easily do that either through Caterpillar or any brokerage company. You'll need her social security number, and you or someone at least the age of 18 must serve as custodian on the account until the child is of age.

Answer 4

You can but you will need her social security number or that of a parent.

The IRS wants their taxes on any gains no matter who or how old !

Call the company direct and see if they offer a direct stock purchase plan. You will not need a broker to do it then.

WAY TO GO !!! Investing is such a great gift for a child of any age !!! Pat yourself on the back!!!

Answer 5

i suggest opening a trust for minors and buy the stock. i think there is some taxes advantages too. you can set it that the account will transfer to her when she's 18 or 21. Google it.

Answer 6

I not in any respect deliver stuff up like this to my acquaintances. i detect the party of my birthday a waste of human beings's time and funds. If my acquaintances do it for me, large, i will thank them overtly. in the journey that they don't, that is truly no biggy. As for his or her birthdays, it truly relies upon on my project on the time, yet better usually than no longer, i might want to wish them a cheerful birthday with a card stated through a dinner or some beverages on me. no longer something too fancy.

Answer 7

http://www.sharebuilder.com will let you open an account for a minor, and they are really a good place for us little guys to invest, I STRONGLY recommend you visit the website and see what they say, we use them and have been with them for 6 years! :)

Also see:
http://www.oneshare.com/
http://www.giveashare.com/
http://www.frameastock.com/

Happy investing, good decision!!!! :)