Monday, October 5, 2009

Stocks & Bonds as Wedding Gifts

Wedding Gifts: Stocks & Bonds as Gifts

In Recent Past, Stocks and Bonds are given as Wedding Gifts to the daughter. Previously only Gold was the trend. But now, many Business owners in India have started giving Bluechips Stocks, Mutual Fund Units and even Bonds as wedding gifts to their daughter.

The main logic behind giving Stocks and Bonds as a gift is that, Because they are Appreciating items. Stocks and Bonds will appreciate in their value over the time. So rather than spending a lot behind marriages, parents have started giving some appreciating assets as a Wedding Gifts to their Children.

According to the News papers, many Business families of Gujarat have given Bluechips as a wedding gifts to their daughters. This is a new trend. There are several reasons for doing this.

One common reason is – Rising Gold Price. Gold price is going above the roof. And that’s why Gold as a gift option is not a viable gift option. And that’s why people have diverted towards other Asset classes such Stocks, Bonds & Mutual Fund Units. Since past 2 years, Gold price has been almost doubled and thus Gold Jewelries are out of reach from many families.

And during the same time, because of the heat of the Recession, Stock market is all time down. And Bluechip Stocks are trading at the discounted rate. So Why not to give Bluechips & Mutual Fund Units as a Wedding gifts?

Thus, Stocks & Bonds are emerged as a new Wedding Gifts in Gujarat and many other parts of India.

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