(source - Articles by Ted Jenkin published on IGrad.com )
With all of the financial jargon you see today about mutual funds, exchanged traded funds, real estate investment trusts, and target funds, it's no wonder a young person can get confused about the best way to get started with their investment portfolio. You can put all of your anxiety in your backpack as there is a website you should check out called www.oneshare.com.
This website gives you the opportunity to literally go out and purchase just one share of stock in over 200 different major companies. The website has a OneShare Start Up Kit that can be delivered with your first purchase. This kit has a personalized gift card, a reference guide with the timeline for the stock's arrival, and an owner's manual. You can buy any of the stocks on the site either for yourself or give it as a gift to another person. How is that for a stocking stuffer?
Since young people are some of the best consumers in areas such as retail, technology, and travel, I really like the idea of stock ownership for someone right out of college versus recent thinking of buying a mutual fund. Stock ownership is a really exciting way to begin your overall investment portfolio because you can pick just one or two companies that you truly enjoy their products and services. If you like to drink your coffee at Starbucks, grab your lunch at Chipotle, or take jog in Nike sneakers, all of these different stocks can be purchased through the OneShare site.
The idea of stock ownership is a very crucial piece to learning the right habits. It can teach you at an early age about how your money can increase and decrease in value on a daily, and what benefits you get in the way of dividends if the company is extremely profitable. Since most people at parties don't talk about owning mutual funds, owning a stock can be a great way to start a conversation about the stock market and the economy with a friend, family member, or business colleague. Most importantly, you can even use some of the skills you learned in your finance courses to assess the risk and reward of what stock you buy.
Once you buy your first share of stock, the beauty is that you can actually set up a plan to invest more money into the same company on a systematic basis. Since stocks can generally only be purchased on a whole number when you go to a brokerage house, by getting one share of stock directly you will be able to purchase fractional shares in the same stock of the company you currently own. This is a fantastic way to take additional dollars you get for birthdays or holidays and continue to add to your portfolio. Some of the wealthiest clients I have known over my career only owned one or two stock their entire life.
So you have to ask yourself, what do you really want for a graduation gift? The latest gadgets will only last a few years and a fabulous vacation may only last two weeks, but getting some stock can last you a lifetime! Check out www.oneshare.com.
Ted Jenkin, CFP®, AAMS®, AWMA®, CRPC®, CMFC®, CRPS®
Co-CEO and Founder oXYGen Financial, Inc
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