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By Staff Reporters
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Suppose, as a medical or nursing school student, or new practitioner, you want to invest in a company, but its stock price may be higher than what you want, or can afford, to pay.
Instead of buying a whole share of stock, you can buy a fractional share, which is a “slice” of stock that represents a partial share, for very little money (ie., $5 at Charles Schwab).
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Example: If a company’s stock is selling at $1,000 a share and you were buying $200 worth of it, you would own 0.2 (20%) of a share. With stock slices, investing has never been more accessible.
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Filed under: "Ask-an-Advisor", "Doctors Only", Financial Planning, Glossary Terms, Health Economics, Healthcare Finance, Investing | Tagged: fractional shares, fractional stock shares, nurses, physicians, Schwab, stock shares, stock slice | Leave a comment »
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