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Author: nycek Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 19483  
Subject: buying stock for grandchildren Date: 9/18/1999 7:43 PM
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I would like to give my grandchildren what I consider more worthwhile birthday and Christmas presents. Since I regret waiting until age 60 to start learning about stocks, etc., I think I would be doing them the big favor of teaching them how money can grow by giving them stock instead of toys. However, I am thinking in terms of $50. presents. You can't get one share of CocaCola for that. Their ages are 9 and 11--I would of course give them some small toy or something along with the monetary gift because they ARE children. I would appreciate suggestions--if stock is not a good idea, what would be a good one? I gather there are tax implications nowadays re: children's bank accounts.
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