The $50 Trick That Lets You Own Enough Apple Stock to Really Grow Your Money

If you spot Apple’s banal price, presently implicit $250 per share, and think, “I can’t spend that,” you’re not alone. That azygous thought keeps a batch of caller investors stuck connected the sidelines.

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Here’s the truth; You don’t request to bargain a full stock of Apple stock. Thanks to thing called “fractional shares,” you tin statesman with arsenic small arsenic a fewer dollars. Yes, this means you tin ain portion of 1 of the astir invaluable companies successful the satellite without redeeming up thousands first.

This elemental $50 instrumentality is 1 of the easiest ways to commencement increasing your money, adjacent if you’re caller to investing. Let’s locomotion done however fractional shares work, which brokerages connection them, and however to bargain your archetypal portion of Apple banal today.

In the past, you could lone bargain stocks successful full shares. If Apple’s banal terms was $230, you needed astatine slightest $230 to bargain conscionable 1 share. That near a batch of beginners out.

Fractional shares wholly changed that. Now, astir modern investing apps fto you bargain a information of a stock based connected however overmuch wealth you privation to invest.

For example, if Apple is trading astatine $230 and you put $50, you would ain astir 0.217 shares. You get the aforesaid imaginable for terms maturation and dividends, conscionable successful proportionality to your investment.

It’s the simplest mode for beginners to commencement investing successful high-quality companies without feeling priced out.

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Not each brokerage offers fractional shares, but galore of the astir beginner-friendly ones do. Here are immoderate of the champion options:

• Fidelity: You tin commencement with arsenic small arsenic $1 and determination are nary trading fees. Fidelity is known for reliability and easiness of use.

• SoFi Invest: SoFi’s app makes it casual to bargain fractional shares by choosing however galore dollars you privation to invest. You tin commencement with conscionable $5.

• Robinhood: Robinhood popularized commission-free trading and besides offers fractional shares starting astatine $1.

• Charles Schwab: Their “Stock Slices” programme lets you bargain fractions of S&P 500 companies, including Apple, starting astatine $5.

If you already usage 1 of these platforms, you’re acceptable to go. If not, opening an relationship takes lone a fewer minutes online.

Here’s the process step-by-step, utilizing Fidelity arsenic an example.

1. Open a brokerage relationship that offers fractional shares.

2. Deposit $50 from your slope account.

3. Search for Apple’s ticker symbol, “AAPL.”

4. Choose the enactment to “Buy successful Dollars” alternatively of “Buy successful Shares.”

5. Enter $50 and spot your order.