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Investing in the stock market can feel confusing, especially if you want to buy expensive stocks but don’t have a lot of money. Fractional shares can solve this problem. Instead of buying a whole share, you can buy just part of one. This makes investing easier for everyone. Charles Schwab, a brokerage firm offering investing, banking, and financial advisory services, lets you buy a fraction of a share with a small amount of money.
So yes, you can trade fractional shares at Charles Schwab. In this guide, we’ll explain how to buy fractional shares on Charles Schwab.
Follow these three steps to buy fractional shares on Charles Schwab:
Investing always carries risks and rewards. If the price of your fractional shares rises, you can make a profit, just like with full shares.
Yes, there are a few. If you own less than one share, you can’t join certain shareholder votes. Special rules apply during a stock split, and you can’t transfer fractional shares to another brokerage, which might make you sell them at a loss.
Flexible, low-cost investing. You can buy stocks without spending a lot of money and invest in the entire S&P 500. Charles Schwab charges no fees for fractional shares, and you can start with just $5 per “slice.”