Top money gift ideas for new college graduates suggested by financial pros

There are many different ways to give a new college graduate money as a gift. Cash is one way, but other monetary gifts can set them up for future success.

Crossmark Global Investments CIO Bob Doll gives the key reasons why he is bearish on equities on 'The Claman Countdown.'

"As a graduation gift, buy a few hundred dollars’ worth of stock in their name – and use the opportunity to bond over the learning experience together."Pedvis advises not to assume that a big-name, pricey stock is outside your budget. "By gifting a few hundred dollars to contribute and invest in an IRA for your graduate, you’ll be setting him/her up to grow the tax-deferred money," Pedvis tells FOX Business. Consider allowing the college graduate to pick a charity, and then explain why it’s important to them.

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