You don’t need to invest hundreds of dollars to own a slice of your favorite company.
May 18, 2023
Until recently, the only way you could invest in a stock was if you had enough cash to buy an entire share of stock and pay transaction fees. With Plynk, you can invest in a stock (or exchange-traded fund or mutual fund) with as little as $1 by buying a "fractional share."
Fractional share investing
With fractional share trading, you can buy a small slice of a company’s stock, rather than buying a whole share. That can make it easier to start investing since the stock for some companies can trade for hundreds or even thousands of dollars per share.
Imagine a company whose stock costs $50 per share. With fractional share trading, you can still invest in that company without spending the full $50—even if you invest $1 or $5, you still own a piece. Over time, as you have more cash available you can buy additional stock to build your investment portfolio even more.
Other ways buying fractional shares of stock can help you start investing
Beyond being able to purchase stock for as little as $1, there are also other reasons buying fractional shares may be convenient.
Fractional shares let you invest a specific dollar amount instead of purchasing a certain number of shares. For example, let’s say you have $60 to invest and the stock price for that company that interests you is $50. In the past you could buy one share and have $10 left over, but with fractional shares you can simply buy $60 worth.
Additionally, fractional shares allow you to diversify your portfolio (spread your investments around to reduce risk) without having to put a lot of money into it. If you’d like to own stock in a variety of companies, you no longer need hundreds or thousands of dollars to do it—you can use that $60 to buy fractional shares of several different companies.
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