Introduction
Investing can be intimidating, especially for beginners. The thought of losing money or not knowing where to start can be overwhelming. However, with the rise of investment apps like Webull, investing has become more accessible and manageable. In 2023, Webull has introduced a new feature called partial shares, which has made investing even easier for beginners and seasoned investors alike.
What are partial shares?
Partial shares are fractions of a whole share of a stock. For example, if a share of Apple stock costs $500, and you only have $100 to invest, you can purchase 0.2 shares of Apple stock. This means you own a fraction of a whole share, and you will benefit from any increase in the stock’s value proportionally.
Benefits of partial shares
Partial shares have many benefits, including:
1. Lower investment costs
Investing in partial shares allows you to invest in expensive stocks without having to buy a whole share. This means you can start investing with a smaller amount of money.
2. Diversification
With partial shares, you can invest in multiple stocks with a smaller amount of money. This means you can diversify your portfolio and reduce your risk.
3. Flexibility
Partial shares allow you to invest in any stock or ETF, regardless of the price. This means you can invest in any company you believe in, regardless of your budget.
How to buy partial shares on Webull
Buying partial shares on Webull is easy. Here’s how you can do it:
1. Open a Webull account
If you don’t have a Webull account, you’ll need to create one. It’s free and easy to sign up.
2. Fund your account
You’ll need to fund your account with a minimum of $1 to start investing.
3. Choose the stock you want to invest in
Once your account is funded, you can choose the stock or ETF you want to invest in.
4. Enter the amount you want to invest
Enter the amount of money you want to invest. Webull will automatically calculate how many partial shares you can buy with that amount.
5. Review and confirm your order
Review your order and confirm it. Webull will execute your order immediately.
Conclusion
Partial shares have made investing more accessible and manageable for everyone. With Webull’s new feature, investing has become even easier for beginners and seasoned investors alike. With lower investment costs, diversification, and flexibility, partial shares are a great way to start investing in 2023. So why not give it a try and start investing today?
