From my understanding - if I am using a local Taiwanese bank & I buy a stock in Taiwan for NT$50 per share. It will cost me NT$50,000 as I have to buy multiples of a thousands…
My question is has anyone using a Taiwanese bank bought a stock on the NYSE. Is it still in multiples of thousands. ?
For example a Tesla stock at US$538 per share would end up costing me x1000 = US$538,000.
Which is just a tad toooooo much to spend.
TIA
In the US you can buy a minimal of 1 share. If your broker has fractional shares services then you can buy a fraction of a single share too.
Normal amount 100 share units. You can buy/sell one share but not normal and fees make it not worth it most of the time, but some times you odd amount shares as a stock dividend vs. cash payment (example 2% stock dividend in Taiwan gives you 2% of 1,000 purchase so you end up with 1,020 shares, with those 20 shares troubleson to sell.
You might want to google “lot size”, “round lots” or “standard lots” and “odd lots”. It depends on the stock.
Thx 4 the replies guys.
Most brokers now char ZERO commission fee. So if you buy 1 share is all good.
From low end brokers like Robinhood to high end ones like Charles Shwab, all $0 commission.
No need to buy 100 shares for a beginner who is just experimenting in the market.
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