Holiday Shopping Idea: James is always talking about buying stocks for gifts, but I wasn’t exactly sure how to do that. Here is a tip from Simple magazine on how it works.

Stock up on stocks. Get nieces, nephews, and godchildren stock certificates. “People don’t realize how inexpensive it can be,” says Adela Rios, a financial adviser with Merrill Lynch. “Many kids shop at Wet Seal, for example, and that stock has been trading between $2 and $10.” Imax, Atari, and Blockbuster are other relatively inexpensive stocks that might interest kids. Keep in mind that stocks can be volatile, so this is a fun present, but it also might pique kids’ interest in investing. Buy the stock in your account and have the stock certificate issued in the child’s name. Ask your financial-services firm to contact the transfer agent for whatever stock you choose and it will arrange to have the stock certificate sent.

Happy Investing!

Miel

MANAGE YOUR MONEY TOGETHER

Here are some simple guidelines for DINKS to build wealth:

1) Collaborate: Meet regularly to talk about money, set goals together, track and monitor them.

2) Understand and respect your partner. Take time to understand your partners values about money.

3) Watch the numbers. Get a budget, monitor your spending and track your net worth.

4) Max your retirement. Maximize contributions to your tax deferred retirement accounts.

5) Invest in stock. Stocks perform better than bonds or cash.

6) Avoid high interest debt. Credit cards and title loans are financial cancer.

7) Diversify. Don't put all your eggs in one basket.

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