When a high-flying stock seems out ofreach for investors with limited cash, fractional trading can help fulfil that dream of owning a piece of the company — one small portion at a time.
“I thought that you had to have a lot more money to start and I didn’t start until much later,” she said. Looking back, she realizes how much she missed out on in terms of compounding because she delayed her investing journey. Cindy Marques, CEO of financial planning company MakeCents, said the popularity and ease of trading onDIY investingplatforms have challenged big banks to open their doors to easier ways of trading.Marques said trading apps have made investing straightforward in many ways for Canadians and at low cost, without having to work with an adviser or visit a bank.“You still have all the same rights,” Marques said. “It will just be in proportion to the shares.
“Although it makes easier to do so fractionally with a smaller budget, that takes a lot of research,” Marques said.