Stockpile Stock Gift Cards

Investing in stocks can be intimidating, confusing and pricey, which could explain why 80 percent of Millennials, many of whom are cash-strapped and still need to prepare themselves financially for the future, don't even bother to try. To help educate and ease access, Palo Alto, Calif.-based Stockpile has introduced a program that divides stock share values into dollar amounts as low as $1, and grocers across the country can sell gift cards redeemable for these fractions to their shoppers to sell in their stores for the price of the share plus an additional fee ($1.99 per card, additional 3 percent for cards above $100). Currently, grocers may choose from 50 cards – a combination of companies and denominations – to sell in their stores for the price of the share plus an additional fee ($1.99 per card, additional 3 percent for cards above $100). After redeeming them for stock ownership, card owners may hold on to stocks and track their progress or cash them out whenever they want.