![]() ![]() ![]() It also includes a small revenue for the company. The extra $7.95 helps to cover the cost of credit card processing fees and commissions so that the gift recipient doesn’t have to pay anything when buying shares. For example, a $100 gift card would cost the buyer $107.95. StockPile makes its money by charging a fee on top of the value of the gift card. That fractional share would change in value just like any other share of stock and would earn any corresponding fractional dividend that the company may pay its shareholders. ![]() An individual that chooses to invest $50 into a stock with a $500 share price would end up owning 0.1 shares of the company. The company is able to offer this feature by buying shares in the marketplace and slicing them up into fractional shares within their own platform. This means that anyone with at least $25 can buy stock in any company that StockPile offers.įind out why e-commerce companies don’t pay dividends. StockPile allows folks to purchase fractional shares of a company. For many stocks, this isn’t a big deal since they’re often priced under $100 but for people who wish to buy into Google ( GOOG) or Amazon ( AMZN) with prices well over $800 per share, this is an important feature. One of the primary benefits of StockPile is that an investor doesn’t need to save enough to purchase a whole share of a company. Gift cards usually come in denominations of $25, $50 and $100, and can be purchased either individually or in packages. These securities can be purchased through an account using the StockPile website with either a physical gift card or an e-gift. StockPile has a menu of nearly a thousand stocks and ETFs to choose from. ![]()
0 Comments
Leave a Reply. |