very little money — regardless of the price of one share. Fractional shares allow investors to buy a portion of a share, which means less money required to get started.
You also want to consider the commission costs based on the stock brokerage you choose. If there are trading fees involved, these can accumulate over time if you’re a fairly active trader.
Luckily, today’s best mobile apps no longer charge commissions for stock trades and ETFs, hence commission-free stock trading. Some stock brokers still charge fees however, starting at $5 per trade with an increase in trading fees from there.
You usually won’t have to pay any monthly fees. Again, most of the top mobile apps offer commission-free trades. If any trading fees are involved, they’re usually based on your trading volume, rather than flat monthly fees.