Do you want to help your loved ones get richer? Steal this cool gift idea from Kanye West
While Kim Kardashian and Kanye West’s relationship is on the rocks, there is still a lot to learn from their romance. And, surprisingly, one of the lessons is financial which comes from a gift Kanye gave Kim.
Kardashian said Vogue that for Christmas one year, Kanye “gave me a box, and I opened it and it was Mickey Mouse and Adidas socks and Apple headphones.” The real gift, however, was not these consumer items. Instead, Kim went on to explain, “He told me he bought me big shares in all of these companies.”
The gift was a neat idea – one you might be able to steal for your loved ones for the next holiday season – at least if you want to improve their personal finances by helping them grow their wealth.
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Why the stock might be the perfect holiday gift – and why it can be more affordable than ever
Often times, the holidays are a time when people spend a lot of money and end up giving away consumer items that people don’t really need just because they want to mark a festive occasion.
But Kanye’s gift isn’t a gift that will be forgotten or just sit on a shelf. A donation of stocks offers the possibility of creating future wealth. When money is invested in companies with a strong business model, a solid track record of success, and good potential for future growth, there is a good chance that the value of the investment will increase as the market grows. time.
Investing in stocks is one of the best ways to build wealth, provided you research it carefully. This is because you have the potential to earn a generous return on your investment with limited risk. This is especially true if you are building a diversified portfolio and holding your investments for the long term. The money you have invested can generate returns that are reinvested, and your portfolio balance can continue to grow and grow even without any additional money being deposited.
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Now, buying someone’s stock in a bunch of companies can seem expensive – and the Disney, Adidas, and Apple stocks Kanye bought from Kim would have a collective cost of several hundred dollars, even to buy a single stock. But many brokerage firms now offer fractional shares. This means that it is possible to specify the amount to invest in a business and to buy part on the one hand even if you can’t afford a full one.
Thanks to fractional shares, almost anyone can copy Kanye’s gift and give a loved one shares in a few different companies that they believe have strong growth potential. Whether you invest $ 25 in each business, $ 100, or whatever amount you’re comfortable with, you can offer your loved one the opportunity to build more wealth if their stocks behave well.
Wrapping it up with a cute token like socks or a T-shirt with the company logo on it gives your loved one something tangible and fun to open. Meanwhile, the real gift will be the chance to improve their net worth and become more financially secure over time.