Ever looked at a share price and thought, "Wow, that's a bit pricey for one whole share"? Fractional shares are the solution!
Instead of having to buy a full share, fractional shares let you invest a specific dollar amount you're comfortable with.
Here's an example: Imagine a share costs US$1,000. With fractional shares, you could decide to invest just US$100. You wouldn't own the whole share, but you'd own a piece of it – in this case, 0.1 shares.
Why is this great?
Easier Diversification: It helps you spread your money across lots of different investments more easily, even if you're starting with smaller amounts.
Access Pricey Shares: You can invest in companies with high share prices without needing to save up for one full share.
It's a simple way to get started and build the portfolio you want, piece by piece.