Give the Gift of Wealth-Building with These Three Ideas

[Inside Wall Street with Nomi Prins]( Welcome to Inside Wall Street with Nomi Prins! It’s the only daily newsletter featuring the insights of renowned author and former Wall Street insider, Nomi Prins. Every day, Nomi shines a light on a massive wealth transfer she calls The Great Distortion. That’s the true cause of the permanent disconnect she sees between the markets and the real economy. And she shares ways you can come out ahead, if you know where the money is flowing. You’ll find all Nomi’s Inside Wall Street issues [here](. If you have questions or comments, send Nomi a note anytime [here]( or at feedback@rogueeconomics.com. Give the Gift of Wealth-Building with These Three Ideas By Nomi Prins, Editor, Inside Wall Street with Nomi Prins As we near the holiday season, you might be stuck on ideas for stocking stuffers to more elaborate gifts. One thing to consider as a holiday present is something that I like to call an investment gift. What do I mean by that? Well, for many years I’ve been the aunt that gives investment items to my niece and nephews. Today, I'm going to talk to you about three of these items. Perhaps they’ll give you some ideas for similar gifts. The idea here is not to give money in the form of cash, but to add lasting value by sharing time, as well as the learning process of investing. Over the years, these sorts of investment gifts can help be the foundation of a lifelong financial education. And yes, they can even create a little bit of wealth for your family members as well. Recommended Link [Why do 5 billionaires think this strange liquid can rival what Elon Musk is building at Tesla…]( [image]( And send the stock price of one tiny $4 company soaring? It all circles back to a $130 trillion energy transition away from fossil fuels like coal, oil, and gas… To renewable sources like hydro, geothermal, solar, and wind power. But there’s one problem… Renewables can’t deliver energy on demand. And that’s the real reason why 5 of the world’s richest men are betting against Elon Musk and Tesla… And investing in one tiny $4 company behind “Liquid Energy.” [Click here to learn more.]( -- 1) Gold or Silver Coins As longtime readers know, I give silver dollar coins to my niece and nephews as birthday gifts. That goes for holidays, too. I’ve been doing this since they were one year old. Over time, our related conversations and interactions have deepened. So every year, I buy a particularly interesting silver dollar coin for each of them. When they were much younger, I’d give them to my siblings for safekeeping. But as they got older, it was more of a direct gift that has evolved over the years. For instance, my niece decorated her own piggy bank to house these silver coins. My nephew used to put them in various Lego structures he built, but now, he keeps them in his sock drawer. The point is, as they’ve gotten older, the coins represent more than a gift or their intrinsic value. [Featured: Former Goldman Sachs Exec: Everyone on Wall Street is investing, should you?]( For example, they were blown away when I explained that a $1 silver coin is worth more than $1. Indeed, a Silver American Eagle coin contains 1 troy ounce of fine silver. It is the official bullion coin of the United States. It retails for around $24. Coins offer a good way to talk about history, too. A Thomas Jefferson coin invites a discussion about the Declaration of Independence, while a George Washington one can start a conversation about the American Revolution. I choose coins that I can buy directly from the U.S. Mint. The Mint has catalogs of coins and provides accreditation certificates for them. Coins arrive in lovely blue boxes that make holiday gifts even more festive. You can check them out for yourself on the [U.S. Mint website](. Recommended Link [Former Silicon Valley Money Manager Reveals Unusual Income Secret (LIVE DEMO)]( [image]( No matter whether the stock market is moving up or down... Millionaire trader, Jeff Clark, finds a strategy that works. He almost doubled his net-worth in 2000... And went on to deliver massive gains during the crashes of 2008, 2020, 2022... and the bull markets in between... But his latest strategy is the most unusual yet. [Click here for more info (including a LIVE demo!)]( -- 2) Bitcoin When one of my nephews turned 18, he and I had a sit-down. He’s a very responsible young man and has been working part-time jobs through high school, just like I did back in the day. (I tutored math for members of the football team.) He’s shared a bank account with his mom, but would ask her to put money in it on his behalf, since he was 13. I'm happy to say my nephew has been working steadily through high school, and he's now in his first year of college. He wants to become a doctor. Makes me so proud. Recently, I talked him through opening a Block (previously Square) account on his phone. (He already had a Venmo account by that time.) Now, being 18, he spends most of his time on his phone anyway. But I wanted to get him comfortable with using a financial app for tiny investments, without taking too much risk. So we sat down together as he created a Block account. And we talked about the pros and cons of Bitcoin (he asked!), as I’ve discussed with you here in these pages. I transferred a small dollar amount of Bitcoin from my Block account to his. That was part of his gift. The other part was the time we spent together to open this account and use it to accept those funds. Now, this is not necessarily to get him to become a Bitcoin advocate. The point was to establish a place where he can get used to observing the value of his Bitcoin, whether it goes up or down. We talked about not investing more money than you can afford to lose or might need right away for any purpose. I left it to him to decide whether to add to his Bitcoin positions or not in very small amounts, and to call or text me if he ever has any questions. It's easy to set up a Block Cash App account that lets you buy and sell Bitcoin, transfer money to other Cash App contacts, or even buy stock. Which gets me to our final investment gift idea… [Featured: One Stock Doubles Your Money, During Crisis?]( 3) Fractional Shares The same said nephew and I had a conversation about the stock market just before he began college this fall. It actually surprised me how many high schoolers talk about the stock market amongst themselves. My nephew told me that one of his friends was concerned about the market volatility and his investments. I told my nephew that the best thing to do during times of market choppiness is to hold onto stock positions. One exception is if something has fundamentally changed with the company that makes its prospects different than what you originally anticipated. Then, your money might be better spent elsewhere. We talked about how you should have patience in terms of what you do and how you invest. You should also only make investments that you understand, or for which you can gather knowledge or have a personal connection to. We also discussed buying a fractional share for a certain amount of dollars of a stock that he was interested in, and we talked about that stock. He’s an athlete and decided to buy a fractional share of Nike. Nike shares today trade for about $103. He decided to buy $50 worth, so the equivalent of about one-half of a share. And the good thing is, he’s adding to it from money he makes working while in school. He’s “legging in” with $5 a week. Recommended Link [Millionaire investor identifies 500 companies making money like crazy]( [image]( Not everyone is losing their shirt in the stock market. Or losing sleep over their dwindling retirement account. This millionaire investor has discovered 500 of the fastest-growing startups in America that until now have been off-limits to regular investors. After watching insiders in these deals rake in tens of thousands of dollars, Brad Thomas is sharing the strategy he discovered that allows anyone to collect income from HUNDREDS of the companies on his list. You can start collecting this income right now, even in this crazy market. [Watch his latest video to learn how.]( -- Learn by Experience The best way to learn about financial security is to start by investing a very small amount, and then observe what happens. These are not lessons taught in our schools. But the gift of this sort of financial education can provide real-life dividends in terms of financial wisdom for decades to come. So, I hope you consider these three types of investment gifts for the holidays. Perhaps you have ideas of your own along these lines? I’d love to hear about them. As always, write me at [feedback@rogueeconomics.com](mailto:feedback@rogueeconomics.com?subject=RE: Give the Gift of Wealth-Building with These Three Ideas). I can’t give personal advice, but I’ll do my best to address your comments and questions in our Friday mailbag editions. Happy holidays! Regards, [signature] Nomi Prins Editor, Inside Wall Street with Nomi Prins P.S. If you really want to give the gift of financial education – and freedom – consider a subscription to Distortion Report. Every month, I dive into the five distortion profit themes on my radar to help subscribers protect their wealth and prosper in 2023 and beyond. [To learn more, follow this link](. --------------------------------------------------------------- Like what you’re reading? Send your thoughts to [feedback@rogueeconomics.com](mailto:feedback@rogueeconomics.com?subject=Inside Wall Street Feedback). --------------------------------------------------------------- MAILBAG Do you agree with Nomi that the best way to learn about financial security is to start investing a small amount and then observe what happens? What is the best kind of gift you have received from someone? Write us at [feedback@rogueeconomics.com](mailto:feedback@rogueeconomics.com?subject=RE: Give the Gift of Wealth-Building with These Three Ideas). 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