Even Amazon Can Be a Penny Stock With Fractional Shares
If you'd bought a single share of Amazon (NASDAQ: AMZN) when it made its IPO back in 1997, you would've paid $18. Had you held onto that single share, your investment would be worth more than $28,000 today.
As of Feb. 26, Amazon was trading for nearly $3,100 a share. You may think that sky-high price tag means Amazon is out of reach for you -- and perhaps you're tempted to buy penny stocks in hopes of getting lucky on a mega-cheap company with Amazon-level growth ahead.
But here's a better plan: You can still invest in Amazon in penny stock-sized amounts.
Source Fool.com
