It's what you do with your slice of the pie
While fractional share trading makes many megastocks accessible to new investors, be wary of potential pitfalls
WITH a new year come fresh new year's resolutions. For me this year, I have set myself a goal to invest at monthly intervals in a diversified portfolio of stocks throughout the year.
But certain stocks have been quite expensive to buy, especially those that are listed in New York. Alphabet, Google's parent company, has been trading at almost US$3,000 over the last three months, while Amazon has been trading at over US$3,000 for most of the year too.
Going by figures from the S&P Dow Jones Indices, it may be futile to wait for companies to split their stocks to accommodate smaller retail investors like myself, who may only want to invest US$1,000 at any given time. While the average number of stock splits per year between 1980 and 2018 was 44.68, there were only 2 stock splits in 2018.
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