![]() ![]() ![]() If you owned enough shares the dividend payments could cover your monthly bill so it’s like you’re getting your cell phone for free. That’s exactly what could happen if you invested your $1,000 into a telecommunication stock such as Verizon or AT&T that both pay a salty dividend. What if you could get your cellular provider to pay your cell phone bill every month? That would be pretty sweet, right? Heck yeah, it would! Get Started Here #3: Let Dividends Pay Your Monthly Bills Who It’s Best For: Fractional share investing is a good option for anyone who wants to diversify their portfolio by investing in different companies. Fractional shares can be as small as 1/1,000,000 of a share, so you can spread your $1,000 initial investment across hundreds of different companies. Where to Get Started: Many online brokers offer real-time fractional share investing without charging commissions. From there, you can research options and invest in the fractional share market at your own pace. All you have to do is find a brokerage firm that allows fractional share investing. How It Works: Investing in fractional shares is as easy as investing in traditional stocks or ETFs. This way of buying stock is perfect if you only have $100 to start investing, but it works well for investors who have $1,000 or $5,000 to invest, too. Where your $1,000 investment wouldn’t get you in the door with a single share, fractional share investing lets you invest your $1,000 into a slice of one Amazon stock. For example, a share of Amazon (AMZN) stock is trading for over $3,000 as of this writing. This investing strategy lets you diversify your investments to the max, and invest in big-name stocks you couldn’t otherwise afford. Hawaii Alaska Florida South Carolina Georgia Alabama North Carolina Tennessee RI Rhode Island CT Connecticut MA Massachusetts Maine NH New Hampshire VT Vermont New York NJ New Jersey DE Delaware MD Maryland West Virginia Ohio Michigan Arizona Nevada Utah Colorado New Mexico South Dakota Iowa Indiana Illinois Minnesota Wisconsin Missouri Louisiana Virginia DC Washington DC Idaho California North Dakota Washington Oregon Montana Wyoming Nebraska Kansas Oklahoma Pennsylvania Kentucky Mississippi Arkansas Texas View Results #1: Build a Diversified Portfolio With Fractional Share InvestingĪlthough you can always invest in individual stocks, fractional share investing lets you purchase a fraction or “slice” of a stock you want. ![]()
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