WEBVTT - Why Stocks Are the Best Gift You Can Give a Child

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<v Speaker 1>This episode is brought to you by P and C Bank.

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<v Speaker 3>So the last one that we'll talk about is stock gifting.

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<v Speaker 2>Remember that that post you put up like that was

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<v Speaker 2>years ago.

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<v Speaker 1>We're like, yo, instead at a baby shower getting gifts,

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<v Speaker 1>we should be Brian stocks That really didn't pick up.

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<v Speaker 2>People really didn't take advantage of that.

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<v Speaker 1>But that's one of these things, right, Like, if we

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<v Speaker 1>know the advantage of investing in the market, right and

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<v Speaker 1>we have a child that is coming into this Wow,

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<v Speaker 1>And it doesn't even have to be a baby shower.

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<v Speaker 1>It could be any type of holiday, it could be

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<v Speaker 1>a birthday, it could be Christmas. Yes, it's cool to

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<v Speaker 1>have cool toys and have nice items, but the one

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<v Speaker 1>thing we know about those items is that they're gonna

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<v Speaker 1>hold no value after we open and they're not gonna

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<v Speaker 1>appreciate time. Even if it's a collectible like a sneaker

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<v Speaker 1>or something a child at seven eight not they're wearing

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<v Speaker 1>that shoe and they're gonna wear that thing to death

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<v Speaker 1>and it's gonna be worth nothing after it was purchasing one.

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<v Speaker 1>Whereas if we put it into an investment like a

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<v Speaker 1>stock on atf on index, we know long term that

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<v Speaker 1>that's gonna appreciate, and so we need to get in

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<v Speaker 1>the habit of at least thinking that way. Right, we

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<v Speaker 1>can now gift an asset that's going to appreciate over

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<v Speaker 1>the course of someone's life, and even if they don't know.

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<v Speaker 1>I think that's the perfect part of it. A lot

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<v Speaker 1>of times, and we've seen people be gifted stock and

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<v Speaker 1>they're like, what is this? What do I do with this?

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<v Speaker 1>It now becomes a teaching lesson again, Right, you always

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<v Speaker 1>have to have an inflection point in any point of education,

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<v Speaker 1>the fact that you've done something that is completely different

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<v Speaker 1>than buying a PlayStation, Right, maybe you buy Sony stock

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<v Speaker 1>in addition to it. Right, so now it's best of

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<v Speaker 1>both for us. Well, here I invested in the actual item,

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<v Speaker 1>but here we invested in the company too. Here's why

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<v Speaker 1>we did it, and here's how long you're going to

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<v Speaker 1>hold it. It's an inflection point now to increase the

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<v Speaker 1>intelligence of a child that you know that becomes contagious. Right,

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<v Speaker 1>the kid now gets to explain to him his peers

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<v Speaker 1>and his cousins and his friends what happened, and hopefully

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<v Speaker 1>they explain to their parents. That's how you build education

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<v Speaker 1>in the community. Digress, Yeah, for sure.

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<v Speaker 3>And the irs allows tax free gifts of eighteen thousand

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<v Speaker 3>dollars a year. Whow So we have never really talked

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<v Speaker 3>about gifting too much, but you can gift eighteen thousand

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<v Speaker 3>dollars a year tax free. So we talked about the

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<v Speaker 3>tax benefits as far as you know if you're a

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<v Speaker 3>self employed person. But this is another way to kind

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<v Speaker 3>of a tax purposes benefits.

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<v Speaker 2>Is you know, when you're talking.

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<v Speaker 3>About stock gifting, the tax aspect is a major part

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<v Speaker 3>of it. So this is a you can you can

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<v Speaker 3>gift tax free up to eighteen thousand dollars a year, right,

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<v Speaker 3>and it doesn't have to be just stocks, but we're

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<v Speaker 3>talking about stocks right now, so that's the main focus.

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<v Speaker 3>But it's the same principles that apply when we talked

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<v Speaker 3>about all of the other stuff.

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<v Speaker 2>Right.

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<v Speaker 3>You you can literally take ten thousand dollars a year

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<v Speaker 3>and gifted to your child or to your grandchild, and

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<v Speaker 3>that's tax free and that same compounding interest growth will occur.

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<v Speaker 3>So that's another benefit of you know, gifting, is that

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<v Speaker 3>the tax aspect of like, that's a great way to

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<v Speaker 3>utilize the tax system in America and to still benefit

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<v Speaker 3>the next generation.

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<v Speaker 1>Yeah, and somebody's going to ask, well, how do I

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<v Speaker 1>give to It goes back to the third way that we

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<v Speaker 1>said that you can create a millionaire situation for your

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<v Speaker 1>child open the up my account, right that up my

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<v Speaker 1>account is super important number. Again for the tax purposes,

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<v Speaker 1>but again this is now something you can put assets

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<v Speaker 1>inside of, whether it be collectibles, whether it be real estate,

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<v Speaker 1>whether it be I bid to invest in bitcoin. This

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<v Speaker 1>is a definite must if you're trying to build wealth

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<v Speaker 1>for your children, right, you have to have an up

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<v Speaker 1>my account. In fact, I encourage everybody after they watch

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<v Speaker 1>this video or tomorrow morning, go to your broker's account,

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<v Speaker 1>whichever one you use, and I've done it on each

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<v Speaker 1>one of them. So Fidelity has it, Chuab has it,

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<v Speaker 1>each Trade has it.

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<v Speaker 2>Open.

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<v Speaker 1>Then up my account and just open it. Put five

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<v Speaker 1>hundred dollars in there. In the same way we talk

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<v Speaker 1>about dollar cost averaging. Right, this is another key thing.

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<v Speaker 1>The same way we talked about dollar cost averaging. Make

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<v Speaker 1>sure that you have a plan into putting money into

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<v Speaker 1>that upme account. Don't just leave it at the five

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<v Speaker 1>hundred that you did to open and thinking that it's

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<v Speaker 1>going to grow. We told you the threshold from a

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<v Speaker 1>tax standpoint, we told you the things that you can

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<v Speaker 1>invest inside of it.

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<v Speaker 2>Make sure that there's a plan to put.

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<v Speaker 1>Assets until it can accumulate to something that's going to

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<v Speaker 1>be worthwhile in the future.

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<v Speaker 4>An illegal alien from Guatemala charged with raping a child

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<v Speaker 4>in Massachusetts. An MS thirteen gang member from El Salvador

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<v Speaker 4>accused of murdering a Texas man of Venezuelan charged with

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<v Speaker 4>filming and selling child pornography in Michigan. These are just

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<v Speaker 4>some of the heinous migrant criminals caught because of President

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<v Speaker 4>Donald J. Trump's leadership. I'm Christy Noman, the United States

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<v Speaker 4>Secretary of Homeland Security. Under President Trump, attempted illegal border

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<v Speaker 4>crossings are at the lowest levels ever recorded, and over

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<v Speaker 4>are here illegally, your next you will be fine nearly

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<v Speaker 4>will never return. But if you register using our CBP

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<v Speaker 4>home app and leave now, you could be allowed to

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<v Speaker 4>America's laws, border and families will be protected.

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<v Speaker 2>Sponsored by the United States Department of Homeland Security,