Fidelity Investments is basically a leading brokerage firm that provides many different facilities to all its investing clients. It has a special facility called Fractional Share Buying, with the help of which we can invest in a small part of any company without buying the entire share of that company. As you all know, a common person can’t buy expensive shares (like Amazon, Google, Apple), so purchasing Fractional Shares can be a good option for all those people.
With Fractional Shares, you can invest in your favorite companies at your convenience. Let us tell you how you can buy Fractional Shares on Fidelity Investments.
If we tell you about Fractional Shares in detail, then these shares are part of a share that you buy in terms of dollars. This means that if the value of any share is high, then you do not need to purchase the entire share. You can invest in that company by buying a part of that share.
- Through fractional shares, you do not need a large amount to buy expensive shares.
- With the help of fractional shares, you can invest in different companies in a small amount.
- With the help of fractional shares, you can easily invest in any big share.
Open a Fidelity Account: If you want to invest in fractional shares, you will first need to open a Fidelity account. You can sign up on any Fidelity website or mobile app to open an account. You will need your details, such as name, address, and ID proof, to open the account.
Log in to the Fidelity app or website: To open a Fidelity account, first log in to the app or website after that fill in all the information asked carefully after this, you can easily buy Fractional Shares using the mobile app of Fidelity Investments
Search for a company or stock: To invest in fractional shares, first search for the shares of the company in which you want to invest. You can invest in any share by searching in the search bar.
Select the “Dollar-Based” trading option: To invest in fractional shares on Fidelity, choose the “Dollar-Based” trading option. Here, you can invest in dollar amounts instead of investing in whole shares.
Enter Dollar Amount: After choosing the dollar-based option, enter the amount you want to invest. For example, if you’re going to invest $10 in Apple shares, then enter 10. Note that you can invest a minimum amount of $1 in any stock.
Review and Confirm: Check all the details like stock name, dollar amount, and other information once, and then click on the “Confirm” button. Now, the order for your selected stock will be completed, and Fractional Shares will be added to your portfolio.
Things to note
- Fractional shares can only be bought or sold during market hours.
- The minimum investment for Fractional Shares in Fidelity is $1, so you can start investing with even the smallest amount.
- Fidelity does not charge any fee for buying and selling Fractional Shares, which makes investing in fractional shares even more beneficial.
FAQs
These shares are a part of a stock that you buy in terms of dollars. This means that if the value of any share is high, you do not need to purchase the entire share. You can invest in that company by buying a part of that share.
Through fractional shares, you do not need a large amount to buy expensive shares. With the help of fractional shares, you can invest in different companies in a small amount.
My name is Chirag Suthar, and I have been blogging for the last five years. Every day, I share the latest articles on my blog with all my users. On Groww Stock, I will provide you with all the information related to finance.
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