/biz/ - Business & Finance

[Anonymous No.28477916]

Is buying fractional shares of a stock a meme or no? I'm not getting how this works. So if I buy a stock on Fidelity in dollar amounts, and it comes out to say 1.4 stock, does that mean I don't own the second stock until I buy all of it? Do I still get the gains on that second stock? Should I just avoid doing this entirely and buy the full amount from now on? I've never brought stocks before today so I'm still getting use to how this works.

[Anonymous No.28478124]

If you own 1.4 shares you own 1 share and 40% of another. If it goes up by 50% the value of your 1.4 shares will go up 50%, and you can sell as much as the 1.4 as you want.

[Anonymous No.28478149]

>>28477916

[Anonymous No.28478226]

>>28478124
Oh okay, so doing it this way is fine? For a second I thought I was getting jewed

>>28478149
Yeah I know, not everyone can be as smart as you faggot

[Anonymous No.28478777]

bump