Buying index trackers
Posted: September 1st, 2022, 2:42 pm
Hi FOlks,
At the risk of asking an obvious question...
When I buy shares they are in whole number quantities. If I invest £100 I get a whole number of shares and some change.
Index trackers, ETFs and Investment Trusts, can be priced £800+ which is a lot of dosh per unit. Am I right in thinking that if you invest, say £100, you get a proportion of a unit, so in this example 0.125 of a unit (ignore rounding, fees etc).
Ray.
At the risk of asking an obvious question...
When I buy shares they are in whole number quantities. If I invest £100 I get a whole number of shares and some change.
Index trackers, ETFs and Investment Trusts, can be priced £800+ which is a lot of dosh per unit. Am I right in thinking that if you invest, say £100, you get a proportion of a unit, so in this example 0.125 of a unit (ignore rounding, fees etc).
Ray.