How to Buy Stock for Grandchild Without Opening a Broker Account

Getting the young ones interested in investing can be a tall order. An excellent way to accomplish this is to give the gift of stock. Just a few shares of companies that are meaningful to a grandchild can help ignite an interest in how capital markets function. Those contemplating buying stock for a child might believe opening a dedicated brokerage account is the only avenue, but other options are available.

Step 1

Look online for companies that sell single-share stock certificates. Many, such as OneShare.com and Giveashare.com, are targeted to consumers who are buying for children, offering stock in such companies as Disney, Mattel and Hershey's, among others.

Step 2

Choose a company or companies to buy. In addition to toy and food stocks, you might find a company that reflects a child's favorite hobby or activity. Sports, fashion or technology concerns might suit your grandchild.

Step 3

Choose desired extras. Single-share companies offer stock certificate framing and plaque engraving services, as well as gift wrapping and educational tools.

Step 4

Make your purchase at the checkout page with a credit or debit card.