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Buying Partial Shares. A fractional share is when you own less than one whole share of a company. You can buy or sell as little as 0.000001 shares.
A partial share is the other term used to refer to fractional shares or what charles schwab calls stock slices. Generally, you can place orders to buy or sell fractional shares in either dollar amounts or share amounts. It allows you to buy stocks, etfs,.
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For individual investors seeking to invest a small amount of money, fractional shares beat out penny stocks any day. You could purchase fractional shares for any number of reasons: Purchasing fractional shares is way better than penny stock trading. Generally, you can place orders to buy or sell fractional shares in either dollar amounts or share amounts.