Fidelity - Stocks by the slice?

[QueBota]

May be wrong forum.

Just noticed this the other day, appears to allow you to purchase pieces of $$$$ shares like Amazon etc.

I mess with stocks but usually less than $50.00 per share.

Appreciate any thoughts.

Thanks,
Q

 

[Tomtint]

May be wrong forum.

Just noticed this the other day, appears to allow you to purchase pieces of $$$$ shares like Amazon etc.

I mess with stocks but usually less than $50.00 per share.

Appreciate any thoughts.

Thanks,
Q

I can understand your sub 50.00 P/S idea, But does it really make a difference? Say you buy 100 shares of a 50.00 stock and it goes up 10%. Or you buy 50 shares of a 100.00 stock that has better fundamentals..and it also goes up 10% ... or even pays a dividend... why the sub 50 mindset ?

 

[Oaktree]

Are you saying they allow you to buy fractional shares? I can see how it might be appealing on stocks like Amazon or Google where the price per share is over $1k. It just seems to me that for a stock that pricey, it would have to go up a lot more dollar-wise to get the same percentage gain of a cheaper stock.

Any stocks I have are set up so all dividends get reinvested, so most of what I have is not whole shares as it is.

Nice thing with Fidelity is that their transaction fees are much lower than with a standard broker.

 

[skipperbrown]

It's a great way to invest in stocks with very high prices. However, beware the transaction costs to make such a trade.

 

[duckruck2]

Is there a forum for stocks?

 

[Jstpssng]

Is there a forum for stocks?

Not yet, but there is an ongoing thread for them now. :thumbsup:

I promise that I won't inadvertently get this one locked... by not posting here again. Please keep this one going.

 

[tallyho8]

In tragic times, like we are going through right now, is the best times to make a fortune in stocks. Of course, you can lose a fortune in stocks also if you don't know what you are doing. Stocks like travel stocks have been fluctuating wildly and can have tremendous profits (or losses) rather quickly. When I see a stock, like Carnival cruise lines that had been selling for over $60 drop down to under $8, I jump on it quick buying a few hundred shares. Knowing that the company is valued at about 14 billion dollars, I see no way that the stock can drop lower than that price. And it hasn't disappointed me so far as it is not trading at about $18, an increase of over 100% in 2 months and I am looking forward to seeing a few hundred percent more increase in the next6 months.

Stocks like Jet Blue and Norwegian have taken large jumps also after a big loss and many day traders will buy a few thousand shares one day and sell them the next day at thousands of dollars profit. Knowing that good world news generally makes stock prices increase and bad news makes them drop and using that info to buy and sell at the right times is the difference in making or losing money in stocks.

Yes you can lose money but the odds are many times better than the odds you get at Las Vegas casinos.

 

[Oaktree]

I When I see a stock, like Carnival cruise lines that had been selling for over $60 drop down to under $8, I jump on it quick buying a few hundred shares. Knowing that the company is valued at about 14 billion dollars, I see no way that the stock can drop lower than that price. And it hasn't disappointed me so far as it is not trading at about $18, an increase of over 100% in 2 months and I am looking forward to seeing a few hundred percent more increase in the next6 months.

Maybe I'm a bit more conservative of an investor than you, but I'd be reluctant to buy anything related to the travel industry right now. Airlines and cruise companies were in trouble even before the pandemic, I don't see either recovering quickly. I suppose at $8/share you didn't have much to lose, and for sure a recession is a good time to buy in on quality companies but I think I'll stick with industries with a bit more growth potential. I don't see people going on cruises for a long time.

 

[drssg]

A BIL of mine recently bought some Carnival Cruise Lines stock. He's more speculative than I am. I'd rather buy something that seems like a good long-term investment and hang onto it. Anything that involves outthinking and timing the market would drive me insane. To each his own.

 

[RickB]

Nice thing with Fidelity is that their transaction fees are much lower than with a standard broker.

Schwab stock trades have $0 fees & commissions.