I have
gotten fractional shares as a result of dividend reinvestment.
You might be able to
get fractional shares because your order gets rounded up into dollars and the mutual fund takes care of the automatic reinvestment for you.
Not exact matches
Open - end funds tend to be used to
fractional shares and thus I'd see this as a perk here versus the ETF as I'm not sure if you could re-invest $ 20 into SPY to
get whatever
fractional share this would be.
You have the option to purchase full
shares, but Loyal3 also allows you to buy
fractional shares, which puts you in position to
get more value when you have the money to invest.
You also
get the benefits of easy allocation, re-balancing, re-investment of dividends, and
fractional shares.
Companies like Stash can buy one
share and split it into
fractional shares, and you can
get started and own a fraction of a
share for just $ 5.
Now that you know more about
fractional shares, take a moment to review some of the companies listed below to
get started with investing in
fractional shares.
Investors can leverage the benefits of trading
fractional shares by
getting access to stocks that they normally would not be able to afford if they were forced to purchase whole
shares.
Fractional shares are a technology that actually helps small investors who are
getting started.
Not only can you start investing with no account minimums, and no management fees — but you can buy
fractional shares with as little as $ 10 and
get a highly diversified portfolio that should match the market in the long term.