PALO ALTO, Calif., Nov. 15, 2017 /PRNewswire/ -- As part of its mission to encourage more people to start investing for their future, Stockpile announced today it will be giving away $5 million of stock for the holidays.
"The stock market has been one of the most powerful wealth building engines ever created. The S&P 500 has gone up an average of 9.8% annually over the years," said Stockpile CEO and founder Avi Lele. "But most Americans have never had access to the market because it's been too expensive and difficult to get started. We're changing that in a big way."
To take advantage of the "Stock-ing Stuffer" offer, any adult can visit stockpile.com/free-holiday-gifts and give $5 of popular stocks like Apple, Disney, Facebook, Google and Tesla to an unlimited number of kids, teens, and young adults. Stockpile will fund and deliver the e-gifts of stock on Christmas, Hanukkah, or another date. When redeemed, each $5 e-gift converts into fractional shares of stock. Stockpile is giving away 1 million gifts for a total of $5 million of stock.
Stockpile is an SEC-registered fractional share brokerage that charges only 99 cents per trade, with no monthly fees or account minimums. Instead of having to pay $1,000 for a whole share of Amazon, customers can buy 0.1 shares for $100. Customers have access to fun, engaging mini-lessons about stock investing. Kids and teens get their own account login so they can track their stocks on their own and even place trades that go to a parent's smartphone for approval.
"There are many strategies for investing," said Lele, "but the key is to start early. It's the one thing you can control. We want to help young people start as early as they can so their investments have plenty of time to grow. Even $5 can grow into a lot more, especially if you add to it regularly over time."
Eighty-six percent of American adults have never owned an individual stock, and 80% of stock is owned by the wealthiest 10%. Stockpile was founded to give everyone, including millennials, kids, and teens, an easy and affordable way to start investing for their future. Customers can purchase fractional shares with as little as $5, making it possible for anyone to own favorite brands like Amazon, Alphabet, Netflix, or 1,000 other stocks and ETFs. Stockpile gift cards are available online, at major retail chains such as Target, Kroger, Office Depot, Safeway and Staples, and through major rewards, incentives, and benefits programs.
Pitch Public Relations