EP:58 The Pre-Paid Pick Pocket

Pre-Paid Gift Cards

Pre-Paid Cards P.O.P.

During the holiday season is by far the time when pre-paid cards and gift cards are given out the most all year long.  Pre-paid Cards and Gift Cards are an easy one shot, quick trick, when  it’s hard to think of something as a gift.  It’s easy to stop in a local Wal-Mart, Walgreen’s and now even the local Dollar Tree and grab one of these pre-paid cards or gift cards on the go.

Convenience comes at a cost, and sometimes it’s a very high cost.  There are too many alternatives to list when it comes to pre-paid cards and gift cards. What’s really crazy is that among the alternatives …buying stock in the very company that sells the pre-paid cards and gifts cards may be the best alternative of all.  A quick look at the stock price of company that sells and markets the Green Dot (NYSE:DOT) card at the local Dollar Tree (NASDAQ:DLTR) reveals the  stock is up around 45% year to date for 2016! With that sort of return on investment, it would be better to give the company stock as a gift instead of the actual pre-paid card. Dang!

-Miles.

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