When you are trying to decide what to get someone as a gift, investments might not be the first thing that comes to mind.

One drawback is that they are not the easiest to package and wrap up. But for many of the people in your life, they could be more useful than socks and toiletries.

A person’s first steps into the world of investing, securing a bright future for their child, or even beginning an enjoyable hobby with friends can all be facilitated by the use of financial gifts. 

Let us have a look at some of the top things that are related to savings and investments and that have the potential to make wonderful present ideas for this year.

Savings bonds

Savings bonds, in contrast to other Treasury securities, can be given as presents when they are purchased. The term “non-marketable” refers to the fact that savings bonds cannot be traded on a secondary market. When you buy a savings bond, you are essentially making a loan to the United States government in the amount that you pay for the bond.

In consideration of the loan, the savings bond will continue to accrue interest for a period of up to thirty years. After the first year has passed, the bond can be redeemed for its face value plus any interest that has been accrued at any time. However, if the bond is redeemed earlier than five years, it will not get the interest for the most recent three months.

Time with a financial planner

It is possible that hiring a financial advisor will be more beneficial to the recipient than giving them any amount of money could ever be. A solid understanding of personal finance can be beneficial for a person’s entire life. A large number of financial planners now offer their services online, which can include financial check-ups, goal-setting and tracking, as well as advice during significant life transitions. Couples who are having a child, getting married, or preparing to purchase a home may find it helpful to consult with a financial planner before making any major life decisions.

Instead of working with someone who is paid based on commission, it is best to work with a fee-only fiduciary who charges a fixed cost while conducting a session on financial planning. The process of providing gifts will become less complicated as a result of this change. You could also investigate businesses that provide memberships in financial planning services.

Precious metals

Gold, silver and copper bars make great investments and are something tangible, so that you can physically wrap them up and present them to the recipient. Giving the recipient a piece of gold or silver jewelry is an additional practical option to present gold or silver as a present. Throughout history, approximately half of all the gold that was extracted from mines was utilized in the manufacturing of jewelry. The fact that the recipient can put this present to good use is an additional advantage offered by this kind of present.