Bank deposit
Interest will be added to the deposit amount. You can open it for the benefit of third parties, for example, for children or for grandchildren. Some banks do not even insist on the personal presence of the recipient of the gift, so you can open a deposit in another region. If you are worried that your gift is withdrawn and spent, you should not. You can limit the amount of funds to be withdrawn.
Certificate of deposit
A certificate of deposit (CD) certifies the amount of the deposit made to the bank. The certificate specifies the amount and a maturity date, after which the certificate bearer can receive the amount with interest. Unlike deposits, banks usually offer higher interest rates on savings certificates, which cannot be changed unilaterally. The main disadvantage of such a gift is that it is not subject to insurance. Therefore, choose the banks with high credibility. A missing certificate of deposit can be recovered by its number.
Shares
A stake in a company could be a great gift to a beginner investor. However, you will not be able to hand over shares the same way as a certificate of deposit as the recipient needs to have a brokerage account. You will also need to pay a gift tax. However, a gift received from relatives is exempted from the levy of tax. Some brokers at the request of the client issue gift certificates for shares. The procedure of opening a brokerage account is simple and does not require your presence.
Gold
Today it is easier than ever to buy an ingot or a beautiful gold coin. It is not as expensive as it might seem. You will pay about $50 per 1 gram of gold. At the same time, the precious metal remains one of the most reliable investing tools as it is able to retain value much better than stocks or currencies. In addition, gold prices often change, and your gift can rise in price after a considerable period of time. To avoid paying a tax, open an unallocated bullion account. When closing the account, you can pick up gold or cash.
Wine
Wine is a popular alternative investment asset. In terms of reliability, it is put on a par with bonds that have a fairly high return, from 12% to 15%. Buying a share in a wine investment fund, you do not have to worry about buying, storing and transporting wine. The profit will depend on the rise in prices for the party, the owner of which is the fund. Such a gift could warm up interest in a more thorough study of wines. Or, if nothing comes of this investment, you can always uncork it and simply enjoy a sublime drink!
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