The Robinhood users with the help of the stock-trading company recently declared that its customers will in near future have the opportunity to buy fractional shares of a range of equities, so let’s find out more about the latest service by the company in our latest cryptocurrency news.
Robinhood achieved to build its reputation in the six years of its operating in several distinguished ways. First, it enabled traders to trade stock while not churching them a fee. Now, it also announced that it will also enable customers to trade with small fractions of shares.
In the blog post, it was declared that the company is introducing the Fractional Shares which come as a novelty in the world of investing. The company notes that there are a variety of stocks and ETFs that cost gruesome amounts of money; indeed, it is not rare to see the price per share thousand dollars or more. Fractional Shares, where everyone can invest in as little as $1 in many of the important major companies. Any amount of money can now serve for a first investment and the official start of the new feature is planned for next week.
According to Robinhood, the ones who will sign up early will also get early access. In the meantime, investing in fractional shares will be intuitive, real-time and free of any commission just like traditional share trading. By investing smaller amounts the Robinhood users will have even more opportunity for diversifying portfolios, by choosing among several companies to invest. At the same moment, additional features will be introduced by Robinhood that was requested for some time by traders and investors.
Beginning in early 2020, the Robinhood platform will be additional backing for Recurring Investments and Dividend Reinvestment Plan (DRIP). This will give the opportunity to investors to automatically reinvest dividends int their ETFs and the stock of their choice. Further traders will have the possibility to schedule recurring investments. Robinhood ends its announcement by stating that the revolutionary commission-free investing, which was the cause of why it drew so much attention at the start, was only the beginning. Fractional shares are the next step in the process to make investing accessible and cheap with the goal to be possible to be done anywhere and by anyone.
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Stefan has been writing articles for DCForecasts since 2016 in-house full time. As one of our main cryptocurrency writers, he focuses on covering the latest cryptocurrency news, technical charts, price analyses of coins and press releases. When he is not exploring and covering the latest topics in crypto, you can find Stefan playing basketball, tennis or cycling.
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