Buying single shares of stock, also known as fractional shares, allows investors to purchase portions of a company’s stock rather than whole shares. This provides greater flexibility and accessibility, enabling investors to diversify their portfolios and invest in companies with high share prices.
Fractional share investing offers several advantages. It breaks down barriers to entry for new investors who may have limited capital. It also allows experienced investors to fine-tune their portfolios and invest in specific companies without committing large sums of money. Additionally, fractional shares provide diversification benefits, reducing portfolio risk.
