Why stock is a good gift to give this year
CBSN
There are benefits to giving stock as a gift, and this is a particularly good year to place investments under the Christmas tree.
Last year, 65% of Americans said they wanted investments as holiday gifts, according to a survey conducted by MagnifyMoney. Stock recipients could receive even more shares for the same cash amount this year, given that the markets are down. If they hang on to the gift of stock, they could see the overall value of their present rise with the market over time.
"When there is a low or depressed market, giving stock can be advantageous because you are able to transfer a given stock at a price that is lower than it has historically been," said Emily Irwin, a wealth management executive at Wells Fargo. "This can be advantageous if funding a trust for someone where that stock is going to be held for a longer time period."
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