‘Fractional Shares’ (A.K.A. Dollar-Based Investing) In The Likes Of Amazon Is A Wonderful Innovation.
Great innovation and I applaud the financial institutions, like ‘my’ Fidelity, scrambling to make it a reality, pronto. No, I am not in need of fractional shares. SMILE. At 66, after 40-years of active, non-stop investing (i.e., I have always been in the market, without fail) I can afford to buy full shares of stock I want and even maybe in the ‘customary’ blocks of 100.
I am happy for ‘kids’, new comers and those that missed out on the likes of AMZN when they used to be cheap. I am a great believer and advocate in investing. I encourage kids to invest and tell parents to get their kids invested. Yes, my kids are invested. SMILE.
Fractional shares are a GREAT. Love the concept.
40-years ago, in the U.K., I got started in UNIT trusts. Bit like mutuals, but if I remember right, with no minimums. You bought units.
Yes, of course, you can buy into the likes of Amazon, Google and Netflix, by investing in the right mutual funds or ETFs. But, it is not the same as having a skin in an actual SHARE of stock. Gives own a sense of ownership. I love owning Amazon. When I buy from Amazon, it is like buying from my own store! SMILE.
I hope a lot of ‘kids’ — even those in their 20s — gainfully exploit this opportunity.
It is also good for us shareholders. SMILE. GRIN. It will drive up share prices. SMILE.
I hope fractional shares are NOT going to be restricted just to mobile APP transactions. That would be stupid. I should be able to buy fractional shares on the Web.
I checked my Fidelity APP. Couldn’t see fractional shares on it. I am going to call them up tomorrow. I will let you know.