Dear Mr. Market:
The stock market is closed until the day after Christmas so you can relax on that front but have you procrastinated on your final holiday shopping duties? Over a third of Americans are still out there today finishing up some last minute shopping!
If you’re looking for something unique but also truly impactful…give the gift of investing!
My Portfolio Guide, LLC is also getting into the spirit of giving by doing something no other advisor would consider…as a matter of fact most of our peers would likely laugh at this:
We are offering FREE accounts to any minor!
My Portfolio Guide already provides free 529 College Savings Plans to children and grandchildren of existing clients but during this holiday season we will open and professionally manage a custodial or Roth IRA for any child.
There are huge benefits in starting a Traditional or a Roth IRA for your child. To learn more click here. If you prefer to open a custodial account we will also offer this for free along with our professional investment management.
So why are we doing this and “what is the catch” or requirement?
We’re offering this because nobody else is! Matt Pixa, the founder of My Portfolio Guide, vividly remembers trying to buy his first stock in 1987 shortly after the stock market crash. When you’re under the age of 18 and only have $50… the Merrill Lynch’s of the world aren’t looking for you! If you’re persistent and find them…they will politely tell you to pound sand.
Fast forward to today with the advent of the robo advisor or discount brokerage firms and you would think that there might be some offering for a young investor to get started. While there are accounts that can be opened, the missing factor is having the money professionally managed or anyone taking an interest in educating them.
How are we accomplishing this?
Here’s all we ask:
- Open the account for free and keep the money invested at least a full year.
- Start with a minimum of $100 (no monthly or quarterly additions required but if you want to build wealth it’s of course encouraged!)
- Sign up the young investor for our free newsletter and online investment blog.
- Don’t keep us a secret! In other words…assuming you (the guardian, parent, grandparent, or relative etc) is happy with our service and the education of this young investor…you’ll hopefully spread the word about us.
That’s it. No asterisks. No management fees for any account under $1000. No hidden charges. No long-term commitments or contracts…Simple goodwill and a gift that literally keeps on giving!
Once the account is opened we will choose an appropriate investment strategy given the goals of the minor. Like any other client they will have online access to view the account and are also welcome to take advantage of any of our other educational offerings (white papers, investing articles, free research and tools via our website, and our investor podcasts). If a young investor is a bit more advanced and wanting to begin making their own selections we will also provide that access.
By providing a young person with an investment account at an early age you literally are setting them up for success and teaching them things many adults may never learn. With youth also comes the gift of time and there is nothing more valuable to help a potential investment grow than a long time horizon!
To get this started contact us below for further details and if you would like to give this idea to someone else in your family as well, simply forward this article to them.
Merry Christmas!
