Many new investors are deterred by Apple’s high stock price, but fractional shares allow you to own a piece of the company for as little as a few dollars. Platforms like Fidelity, SoFi Invest, Robinhood, and Charles Schwab offer this option, making investing in high-quality companies more accessible.

With fractional shares, you can invest as little as $1 and buy a portion of a share based on your budget. For example, investing $50 when Apple is trading at $230 would give you about 0.217 shares. This opens up opportunities for beginners to start investing without feeling priced out.

By investing consistently in fractional shares, you can harness the power of compound growth. Even small monthly investments can add up over time, potentially yielding significant returns. The key is to start early, build a habit of investing, and let your money grow with the market.

The benefit of fractional investing is not just financial but educational. Making your first investment helps you understand market behavior, price movements, and the impact of dividends. This experience builds confidence and lays the foundation for becoming a more knowledgeable investor.

Read more at Yahoo Finance: The $50 Trick That Lets You Own Enough Apple Stock to Really Grow Your Money