Forget Amazon gift cards; give someone public stock with Stockpile - Polidicks

[b]Forget Amazon Gift Cards; Give Someone Public Stock With Stockpile[/b] Via [url=http://techcrunch.com/2015/10/13/forget-amazon-gift-cards-give-someone-public-stock-with-stockpile/]TechCrunch[/url] ____________________ [quote][img]http://i.imgur.com/QmTzdzm.png[/img] There are plenty of people who’d happily become shareholders in companies like Apple and Facebook if the process of buying stock were simpler. They are plenty of people who’d prefer to give the gift of stock but who hand out money or retailers’ gift cards for the same reason. Stockpile, a five-year-old, 15-person, Palo Alto, Ca.-based brokerage services firm has a solution to that problem: Stock gift cards. They say they’ll be everywhere soon, too, thanks in part to $15 million in Series A funding the company has just [i]stockpiled[/i] from Sequoia Capital, Mayfield, and actor-investor Ashton Kutcher. We talked earlier today with Stockpile founder and CEO Avi Lele, along with its chief commercial officer (and former PayPal general manager), Dan Schatt. We asked how the company works, and why traditional brokerages haven’t created gift cards for stock much sooner.[/quote] This could work...

This is actually a very neat idea. It could especially be used for a learning process for younger people.

Just don't give them Petrobras stocks.

i can see some huge legal hurdles here.... namely how on gods earth the regulators will allow this [editline]14th October 2015[/editline] nothing says "i love you" more than 50 shares of phiser stock for valentines day though

This is a novel idea! I was getting sick of returning the unwanted stocks I received from my friends at Christmas.

So basically giving people cash is taboo?

[QUOTE=thrawn2787;48898462]So basically giving people cash is taboo?[/QUOTE] this is more akin to giving someone a savings bond for their birthday or some special occasion, it teaches long term responsibility, though this is a neat idea, i don't see it working out practically, who gets a stocks dividen when the card is being transfered between people, how do you even register that stock, how do the existing regulatory frameworks fit around this, this seems like a good idea but maybe too ahead of its time right now of course though silicon valley seems to think of late that just making an app out of everything will somehow work out

[t]http://i.imgur.com/9tvlsNE.png[/t] No deal. (mind you, chances are near squat that this'd be available in Canada, even though all their TOS says "yeah it might not be available in non-US countries, check your laws though to see if it would be allowed")

[QUOTE=Sableye;48898512]this is more akin to giving someone a savings bond for their birthday or some special occasion, it teaches long term responsibility, though this is a neat idea, i don't see it working out practically, who gets a stocks dividen when the card is being transfered between people, how do you even register that stock, how do the existing regulatory frameworks fit around this, this seems like a good idea but maybe too ahead of its time right now of course though silicon valley seems to think of late that just making an app out of everything will somehow work out[/QUOTE] Pretty sure its like a gift card to buy stock not actual stock.

Oh cool. A new variant on the penny stocks sham.

[QUOTE=Senscith;48898666]Pretty sure its like a gift card to buy stock not actual stock.[/QUOTE] That doesn't work though, because by the time you cash in the card the stock could tank

[QUOTE=Sableye;48898692]That doesn't work though, because by the time you cash in the card the stock could tank[/QUOTE] it does say "$50 of Stock" which probably means "$50 of Stock at the time of redemption" [editline]13th October 2015[/editline] like, i can imagine you can cash it in whenever you want and you'll get the amount of stock that the card's face value is at

[QUOTE=wickedplayer494;48898662][t]http://i.imgur.com/9tvlsNE.png[/t] No deal. (mind you, chances are near squat that this'd be available in Canada, even though all their TOS says "yeah it might not be available in non-US countries, check your laws though to see if it would be allowed")[/QUOTE] Website doesn't list AMD in the US either. Too bad.

Tbh, would rather have the money than gift cards or even now stock cards. Just give me the money. It can be used everywhere instead of being locked to a certain shop.

[QUOTE=thrawn2787;48898462]So basically giving people cash is taboo?[/QUOTE] I don't know why, but I've heard multiple people talk about how they don't like giving money to people as a gift. I'd rather $20 than some shitty gift any day.

[QUOTE=Chopstick;48899036]Tbh, would rather have the money than gift cards or even now stock cards. Just give me the money. It can be used everywhere instead of being locked to a certain shop.[/QUOTE] uhhh the point of this is not to spend on products I hope you understand... It's a whole different concept to getting money lmao

[QUOTE=megafat;48899058]I don't know why, but I've heard multiple people talk about how they don't like giving money to people as a gift. I'd rather $20 than some shitty gift any day.[/QUOTE] We Chinese get over that entirely with the concept of hongbaos. Probably says something about our culture :v:

[QUOTE=Sableye;48898402]i can see some huge legal hurdles here.... namely how on gods earth the regulators will allow this [editline]14th October 2015[/editline] nothing says "i love you" more than 50 shares of phiser stock for valentines day though[/QUOTE] This isn't new. You've been able to buy novelty shares of stock for other people for a while (they're real shares, the certificate is a novelty). Bought my dad a share of coca-cola and he gets a $0.90 dividend each year

[QUOTE=Zang-Pog;48899359]I think it's a gift card that's worth the value shown on it, such as the example thing in OP. It doesn't matter what the stock prices are, because whatever you're buying the card will be worth 50$ or whatever the value of the card is [editline]14th October 2015[/editline] You do realize how stock works and how you can turn that 50$ into 500$ if you invest smart, right?[/QUOTE] Turning $50 into $500 takes quite some luck...

[QUOTE=Angus725;48904814]Turning $50 into $500 takes quite some luck...[/QUOTE] If you bought Nintendo at the beginning of this year, you could've doubled your principal (If you're trading in tokyo that is). This year has been very good for Nintendo.

[QUOTE=proboardslol;48904825]If you bought Nintendo at the beginning of this year, you could've doubled your principal (If you're trading in tokyo that is). This year has been very good for Nintendo.[/QUOTE] Or if you bought Facebook in 2012 when it was talking and just kept it till today

[QUOTE=Zang-Pog;48899359]I think it's a gift card that's worth the value shown on it, such as the example thing in OP. It doesn't matter what the stock prices are, because whatever you're buying the card will be worth 50$ or whatever the value of the card is [editline]14th October 2015[/editline] You do realize how stock works and how you can turn that 50$ into 500$ if you invest smart, right?[/QUOTE] You can do the same thing if someone just gives you $50, except you can also just spend it on something else if you can't be arsed. Cash is better 100% of the time, they paid with cash to get the giftcard anyway so why put an arbitrary limit on what you can do with the gift?

[QUOTE=wickedplayer494;48898662][t]http://i.imgur.com/9tvlsNE.png[/t] No deal. (mind you, chances are near squat that this'd be available in Canada, even though all their TOS says "yeah it might not be available in non-US countries, check your laws though to see if it would be allowed")[/QUOTE] [QUOTE=Svinnik;48899008]Website doesn't list AMD in the US either. Too bad.[/QUOTE] What's so good about amd stock? They're in the gutter right now, but not in a way where they look headed up, and haven't turned a good year from the last 4.

[QUOTE=squids_eye;48904961]You can do the same thing if someone just gives you $50, except you can also just spend it on something else if you can't be arsed. Cash is better 100% of the time, they paid with cash to get the giftcard anyway so why put an arbitrary limit on what you can do with the gift?[/QUOTE] Because there's a process to trading stock through a broker, and having a brokerage that's as simple as 'you've got a card? redeem it with us and bam you got it' is wicked useful for end users. i can only imagine that the people who dont understand this have never purchased stock before

[QUOTE=Sableye;48898402]i can see some huge legal hurdles here.... namely how on gods earth the regulators will allow this [editline]14th October 2015[/editline] nothing says "i love you" more than 50 shares of phiser stock for valentines day though[/QUOTE] Why would the regulators have a problem with this?

...So eventually, would we be able to get Stockpile stock?

Soon Walmart Stock cards are going to be the new $10.00 iTunes gift card cliche present.

[QUOTE=proboardslol;48904825]If you bought Nintendo at the beginning of this year, you could've doubled your principal (If you're trading in tokyo that is). This year has been very good for Nintendo.[/QUOTE] Hindsight is 20/20. Stock prices are a random walk. [QUOTE=Zang-Pog;48899359]You do realize how stock works and how you can turn that 50$ into 500$ if you invest smart, right?[/QUOTE] If you "invest smart" it would probably take somewhere around 20-25 years. If you "invest stupid" it could take either a day or you could be out the whole $50 by lunch.