Got $100? Here's 1 Great Stock to Buy and Hold

You don't necessarily need a lot of money to invest in the stock market. An initial investment of even just $100 is a good place to start, with a plan to invest more on a regular basis. It's made even easier with fractional shares investing, which allows you to buy stocks by dollar amount as opposed to number of shares. So, if you only have $100 to invest, you could buy $100 worth of a stock like Apple or Microsoft and realize their gains, or losses.

These are indeed both great options, but if you want to buy whole shares of a company with only $100 to invest, you might want to consider SoFi Technologies (NASDAQ: SOFI). SoFi is a fintech stock with a lot of potential and an opportunity to be a major disruptor in the banking space. It went public earlier this year and is currently trading at around $15 per share, up about 25% year to date. At the current price, you could buy seven shares for $105. Here's why that's a good investment.

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Source Fool.com