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Subject:  buying stock for grandchildren Date:  9/18/1999  7:43 PM
Author:  nycek Number:  711 of 20788

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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