4 ms·
It exists outside of Robinhood: - Sofi: https://www.sofi.com/invest/fractional-shares/ https://www.sofi.com/invest/fractional-shares/ - Schwab: https://www.ws
by manacit 7y ago
It exists outside of Robinhood:
- Sofi: https://www.sofi.com/invest/fractional-shares/ https://www.sofi.com/invest/fractional-shares/
- Schwab: https://www.wsj.com/articles/schwab-in-bid-for-younger-clients-to-allow-investors-to-buy-and-sell-fractions-of-stocks-11571334424 https://www.wsj.com/articles/schwab-in-bid-for-younger-clien...
I'm not totally sure how it's structured, but I imagine RH "owns" the shares and offers you the corresponding fractional amount of value/dividends, etc.
- atombender 7y agoNote that Schwab has announced it, but it's not available yet.
- mushufasa 7y agoFolio has been doing it for over a decade (https://www.folioinvesting.com/folioinvesting/brokerage-features/dollar-based-investing-and-fractional-shares/ https://www.folioinvesting.com/folioinvesting/brokerage-feat...)
- ceejayoz 7y agoSquare's Cash App permits fractional share purchases, as well.