Lootman wrote:Mike4 wrote:Should I decide to buy LTI does one have to buy a discrete quantity of whole shares, or can one buy fractions? I ask because the share price last night appeared to be £1,657.50.
You would need a broker who offers fractional shares if you want to invest an amount less than a single LTI share. Interactive Brokers is one; I am not sure of others:
https://www.investmentguide.co.uk/how-t ... investors/
Thanks!
Continuing with questions so basic I never see them in FAQs, buying fractional shares seems a bad idea from your link.
I see my trading platform (X-O) offers to accept orders placed either as number of shares to purchase, or as a number of GBP to spend on a given share. So from the above, is it generally regarded as a good policy always order discrete quantities of shares rather than a number of GBPs, specifically in order to avoid ending up with a fractional ownership? Are there any downsides to this, other than needing to fund one's account with enough cash to make sure the purchase goes through? (And therefore ending up with some unspent cash.)