Charles Schwab will offer investors fractional trades of S&P 500 companies including Amazon and Google. (via CNBCMakeIt)
Called Schwab Stock Slices, investors will be able to trade fractional shares of any S&P 500 company starting at $5 each.
That means if you had $30 to invest and wanted to buy Amazon, Facebook and Google, you could buy $10 worth of shares for each company, regardless of their share price, commission-free. That brings down the cost of entry significantly for those interested in trading individual stocks. If you are interested in investing in fractional shares, first make sure you are contributing a healthy sum to a retirement account and investing inlike the S&P 500, rather than picking and choosing individual companies to invest in, financial experts say.
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