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Schwab has started letting investors own fractional shares in any S&P 500 company in amounts as low as $5.

Press Release:

Charles Schwab today announced client availability of Schwab Stock Slices, a new service that lets investors own any of America’s leading companies in the S&P 500 for as little as $5 each, even if their shares cost more. Starting today, investors can use the new service, which Schwab pre-announced last month, to purchase a single stock slice or up to 10 different Stock Slices at once, and they can hold slices of as many S&P 500 companies in their portfolio as they wish through multiple purchases. Schwab Stock Slices are purchased commission-free online – just like regular stock trades at Schwab. [...]

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