Some apps allow investors to buy fractional shares of stocks since many stocks, especially ones in the tech sector are expensive.
Investing in the stock market has become easier with a click on your smartphone or tablet as more apps that allow young investors to buy fractional shares of stocks are launched.
Individual shares of stocks can be expensive, especially ones in the tech sector, which also makes buying fractional shares that lower the risk to an investor's portfolio appealing.
In addition to apps such as Robinhood, a Palo Alto, Calif.-based mobile-only stock brokerage, Stockpile, also based in Palo Alto., gives investors the option to purchase gift cards for stocks and ETFs. Stockpile is available on mobile devices and desktops.
Stockpile sells gift cards in denominations starting at $25 in 14,000 retail and grocery locations including as Target, Kroger and Safeway.
www.thestreet.com
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