Reported 3 days ago
As competition among stock brokers increases, many have embraced the ability for investors to purchase fractional shares—allowing them to invest smaller amounts of money into expensive stocks or ETFs. This article reviews the best online brokers, such as Charles Schwab, Fidelity Investments, and Robinhood, that offer fractional share trading and dividend reinvestment options. The feature is particularly beneficial for novice investors, as it simplifies dollar-cost averaging and allows participation in the stock market without the need for large sums of money.
Source: YAHOO