![]() ![]() I opted to buy $50 worth of Disney stock and send it away. But I was able to send a fraction of a share. The problem is I didn’t want to shell out the full price of a single share. Going through this process, I decided to send Disney (NYSE: DIS) shares to a nephew for his birthday. Once you pick a stock you’d like to gift, you choose the amount. But it does present the opportunity to invest in most of the heavy hitters that are household names. You won’t find every single company on the New York Stock Exchange here. Stockpile isn’t as comprehensive as most other brokerages. With the first two options being pretty straightforward, let’s explore the process of sending the gift of stock. ![]() You can check on and redeem any gift cards you’ve received. But there are also several tabs dedicated to gift cards. There are still tabs to buy stock, retrieve tax documents and transfer cash. Under that, you’ll find your buying power and available cash.īelow the personal account info is where things depart from traditional brokerage accounts. There’s the dollar value of your portfolio at the top left. Once your account is set up, you’ll see that Stockpile’s interface is clean and simple. Not long ago, the only way to go about it would be to send money and hope they invest in their future.īut in reviewing Stockpile, I discovered a better way to make that happen. You can’t just pop into your brokerage account and wire a couple stocks to someone. If you’ve ever thought about giving the gift of stocks, you’ve probably discovered it’s not easy. And this is the itch Stockpile scratches. But when they turn 18, they’ll be singing a different tune. Sure, the grandkids, nephews and other little shavers won’t appreciate new holdings in their portfolio now. Stocks on the other hand are proving to be exceptionally resilient, which is why the gift of stocks makes so much sense right now. ![]() Now bonds aren’t exactly in the midst of a heyday right now. But I sure did when it came time to buy my first car and I found that I had a couple extra grand in mature bonds to help the cause. I didn’t appreciate them at all at the time. Growing up, every year my grandfather gifted me savings bonds on my birthday. It’s not trying to be everything, and it’s good at what it does… but it’s not going to replace an average investor’s brokerage. But it became clear very quickly that’s by design. He also emphasized that the scale of his giving is a product of several fundamental factors.After setting up an account for a proper Stockpile review, the offerings appeared sparse. "The mathematics of the lifetime commitments to the five foundations are interesting," Buffett said in his press release on Wednesday, noting that he's donated more money than he originally had in 2006. That figure dwarfs the $232 billion fortune of Elon Musk, the Tesla and SpaceX CEO who currently tops the Bloomberg Billionaire Index. All else being equal, if Buffett had retained all those shares, his fortune would exceed $250 billion. They're worth $132 billion at Berkshire's current stock price.īuffett's remaining shares are worth about $113 billion in total, and make up the vast majority of his $118 net worth. As a result, the shares he's donated over time are worth about $50 billion based on their value when received, or more than his entire net worth in 2006. Buffett's original crop of shares was worth $43 billion, and he hasn't bought or sold a Berkshire share since.īerkshire's stock price has climbed in recent years, lifting the value of Buffett's stake. He's gifted the equivalent of 257,000 "A" shares since then, leaving him with about 219,000 shares. The Susan Thompson Buffett Foundation is named after Buffett's late wife, while Buffett's three children each run one of the other three foundations.īuffett owned 474,998 "A" shares in 2006, when he decided to begin making yearly donations to good causes. Buffett Foundation, and Novo Foundation.īuffett is close friends with Bill Gates and the biggest financial backer of the Microsoft cofounder's foundation, which focuses on fighting poverty, disease, and inequity worldwide. He gave about 10.5 million of those shares to the Bill & Melinda Gates Foundation, just over 1 million shares to the Susan Thompson Buffett Foundation, and about 732,000 shares to each of the Sherwood Foundation, Howard G. The renowned investor and Berkshire CEO said in a press release that he converted roughly 9,100 of his Berkshire "A" shares into 13.7 million "B" shares, worth $4.6 billion as of Wednesday close. Tally up the shares he's given away over the past 17 years, and they would be worth an astounding $132 billion today. Warren Buffett gifted about $5 billion worth of Berkshire Hathaway stock to philanthropic groups on Wednesday. ![]()
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