Where to Invest $100 Right Now
It has never been easier to get started investing with a small amount of money. The brokerage industry is quickly transitioning to free stock trades and fractional shares. This is a game-changer for individual investors. No longer do you have to save up $1,870 to buy a single share of Amazon.com (NASDAQ: AMZN) -- now you can buy 0.053 shares for just $100 at the current trading price.
Some of the brokers that offer both zero-commission trading and fractional shares are SoFi, Robinhood, and Interactive Brokers. Also, Square's Cash app offers fractional share trading for hundreds of U.S.-listed stocks and ETFs.
As for traditional brokers, Charles Schwab is expected to launch fractional trading soon. That means TD Ameritrade isn't far behind, given that the two brokers recently announced a merger.
Source Fool.com
