Apps For Fractional Shares: A Beginner's Guide

By | 06/04/2023

Introduction

Investing in the stock market has traditionally been a game for the wealthy. But with the advent of fractional shares, anyone can invest in top-performing companies without breaking the bank. In this article, we’ll explore the best apps for fractional shares and how they can help you achieve your financial goals.

What are Fractional Shares?

Fractional shares allow investors to purchase a portion of a company’s stock instead of buying a whole share. This means that even if you don’t have enough money to buy a full share of a high-performing stock, you can still invest in it. Fractional shares are particularly useful for beginner investors who may not have the financial resources to invest in full shares.

Benefits of Fractional Shares

Investing in fractional shares has several benefits. Firstly, it allows you to diversify your portfolio without needing a large amount of capital. Secondly, fractional shares give you access to high-performing stocks that you may not have been able to invest in otherwise. Lastly, fractional shares provide flexibility as you can buy and sell at any time.

Best Apps for Fractional Shares

There are several apps available that allow you to invest in fractional shares. Each app has its own unique features and benefits. Let’s take a closer look at some of the best apps for fractional shares.

1. Robinhood

Robinhood is a popular investment app that offers fractional shares. It’s free to use and has no account minimums. Robinhood also offers commission-free trading which means you won’t have to pay any fees to buy or sell shares. Additionally, Robinhood has a user-friendly interface and offers a range of investment options.

2. Stash

Stash is another investment app that allows users to invest in fractional shares. It’s known for its educational resources, which can be helpful for beginner investors. Stash also offers a range of investment options and has a user-friendly interface. However, it does charge a monthly fee starting at $1.

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3. Acorns

Acorns is an investment app that rounds up your purchases and invests the spare change in fractional shares. It’s a good option for those who want to invest but don’t have a lot of spare cash. Acorns also offers a range of investment options and has a user-friendly interface. However, it does charge a monthly fee starting at $1.

How to Get Started

Getting started with fractional shares is easy. Simply download one of the apps listed above, create an account, and start investing. You can invest as much or as little as you want, and you can buy and sell shares at any time.

Conclusion

Investing in fractional shares is a great way to start building your investment portfolio. With the help of apps like Robinhood, Stash, and Acorns, you can easily invest in high-performing stocks without needing a large amount of capital. So why not start investing today and take control of your financial future?