Get in the game with fractional trading

Buy portions of shares and build position over time

- RITIKA DUBEY

When a high-flying stock seems out of reach for investors with limited cash, fractional trading can help fulfil that dream of owning a piece of the company one small portion at a time.

Fractional trading is a great way for young people to get started in investing, said Kalee Boisvert, investment adviser at Raymond James Ltd.

If a stock is trading at $300 per share, for example, the investor can buy a portion of one share and start building their position in that stock over time, Boisvert explained.

Young people in particular sometimes shy away from starting to invest because they don't have large quantities of money set aside. Boisvert recalled being fearful of investing in the stock market in her 20s because of that very reason.

"I thought that you had to have a lot more money to start and I didn't start until much later," she said.

Looking back, she realizes how much she missed out on in terms of compounding because she delayed her investing journey.