As any engaged couple quickly discovers, weddings are expensive. Ever wish there was a way you could register for your financial future instead of another set of matching monogrammed towels? Meet Shareswell. The secure stock gifting site makes it quick and easy for couples to register for stocks, without ever having to leave the comfort of home. Simply create a registry of selected stocks, use a brokerage account to facilitate the trades, and then share your unique Shareswell URL with family and friends or post it to your wedding website.
Setting up a Shareswell registry is free and you can use an existing brokerage account or open a new one to register for securities. The only fees involved are the credit card processing fees (2.9% + $0.55 per transaction), which gift givers pay at checkout. Your wedding guests can select stocks from your registry to purchase as well as add a gift message. If gift givers can’t find a couple’s registry, they also have the option to send a stock gift through Shareswell Give.
When a gift is purchased, you’ll receive a gift notification e-mail with details about the purchase, and the cash value of the gift (net of processing fees) is transferred into your brokerage account. Once the funds clear, you can use the funds to purchase stocks listed on your registry.
A Shareswell registry is a great way for newlyweds to start saving for the future — whether you want to save for a down-payment on your first home, add to that nest egg, or simply pair it with a more traditional gift registry. Hey, maybe you’ll need towels for that first home, too!
What types of stocks would you add to your wedding registry? Let us know in the comment section below.