If You Have $1 a Day, Buy These Stocks! | Summary and Q&A

20.3K views
November 1, 2021
by
Let's Talk Money! with Joseph Hogue, CFA
YouTube video player
If You Have $1 a Day, Buy These Stocks!

TL;DR

Learn how to invest in high-priced stocks like Amazon and Berkshire Hathaway with as little as one dollar through fractional share investing.

Install to Summarize YouTube Videos and Get Transcripts

Questions & Answers

Q: What is fractional share investing?

Fractional share investing is a service provided by certain investment apps that allows investors to buy a fraction of a share of a stock, making it possible to invest any amount, even if the stock price is high.

Q: How do you buy fractional shares?

To buy fractional shares, you simply specify the amount you want to invest instead of the number of shares. The app will calculate and allocate the corresponding fraction of a share to your portfolio.

Q: Do fractional shares pay dividends?

Yes, fractional shares do pay dividends. The dividend payment is based on the fraction of shares you own, so if you own half a share and the stock pays a dividend of $2 per share, you will receive $1 as a dividend payment.

Q: How do you sell fractional shares?

Selling fractional shares works the same way as selling whole shares. You sell the fraction of a share you own at the current share price, and the proceeds are added to your account balance.

Summary & Key Takeaways

  • Many well-performing stocks, such as Amazon and Berkshire Hathaway, are too expensive for most investors, but fractional share investing allows anyone to invest in them with any amount of money.

  • Fractional share investing enables investors to buy a fraction of a share of a stock instead of a whole share, making it accessible for those with limited funds.

  • Popular investment app, Weeble, offers fractional share investing along with other investment options like ETFs and options trading.

Share This Summary 📚

Summarize YouTube Videos and Get Video Transcripts with 1-Click

Download browser extensions on:

Explore More Summaries from Let's Talk Money! with Joseph Hogue, CFA 📚

Summarize YouTube Videos and Get Video Transcripts with 1-Click

Download browser extensions on: