: Beyond direct purchases, fractional shares can also be created through:
, commonly known as fractional shares or "stock slices". This allows you to invest in expensive stocks like Amazon or Costco based on a specific dollar amount (e.g., $10) rather than having to pay for a full share, which could cost thousands. How Fractional Shares Work can you buy fractions of stock
Availability depends on the brokerage, and some only allow them for specific stocks (e.g., S&P 500 companies). Minimum Investment Available Securities 7,000+ US stocks and ETFs Robinhood Thousands of stocks and ETFs Charles Schwab Stocks in the S&P 500 index Interactive Brokers 10,500+ US, Canadian, and European stocks Vanguard Only Vanguard-branded ETFs and mutual funds Pros and Cons Benefits : Beyond direct purchases, fractional shares can also