One can not
buy fractional shares of stock in a company, and although paper certificates are no longer issued, each share is separately identifiable.
Whats unique about stash is, u can
buy fractional shares of a stock, granted there list of stocks are limited at the moment, they continue to add more, and its a flat $ 1 month fee, so depending on how much u r investing u can figure out the expense.
They allow you to
buy fractional shares of stocks for as little as ten cents.
Tools like the ShareBuilder Investment Plan enable you to invest a set dollar amount and
buy fractional shares of stocks, ETFs and mutual funds.
It is free (no commissions and fees), you can be
buying fractional shares of the stock, easy to set up, and it is totally on autopilot.
Not exact matches
ETFs, unlike mutual funds, are
bought and sold like a
stock and consequently have trading costs and other fees to allow the purchase and sale
of fractional shares.
Finding the «optimal» solution (and even defining what optimal is) would probably take a lot
of searching
of all the possible combinations
of stocks you could
buy, given that you can't
buy fractional shares.
Also from employee
stock purchase programs that invested an exact number
of dollars and
bought fractional shares.
A $ 10,000 investment may not
buy a full
share of every
stock in the portfolio, but Folio pools customers» orders, allowing it to sell you
fractional shares.
Buying a
share of stock entitles the investor to a
fractional share of ownership
of a business.
The broker can split the bid - ask spread with the investor when matching
buy and sell orders - a win - win situation in most cases Since investor money is pooled before
stocks are
bought or sold, it enables investors to contribute small amounts
of cash using which
fractional shares of specific
stocks can be purchased.
This is a huge plus for those
of you that don't like to do math - you don't have to calculate how many
fractional shares of a
stock or exchange - traded fund (ETF) you want to
buy or sell.
Some organizations allow you to set up monthly purchase plans to
buy fixed dollar amount
of stock resulting in
fractional shares.