Also it is noteworthy that the S&P500 actually has over 500 stocks due to the likes of Google and Berkshire Hathaway issuing multiple share classes.
You meant to say less than 500 right, as Google is in there twice?
Interesting so as long as the LEI matches then they can include multiple listings of the same company. Did not realise that but makes sense.
Hmmm, the last I heard it was actually less than 500?
How does the ordering of fractional shares work in practical terms?
For example, does the fractional order sit on hold until T212 has enough to buy 1 full share?
(If so, would that suggest you would likely wait longer to get a BRK A share than a BRK B?)
it changes over time, I think it wobbles between 495 and 505 depending on multiple listings and removals.
ordering a fractional share has the platform search among other T212 clients for anyone who is selling. however T212 does have its own pool of investments and this may or may not support the fractional feature by providing a buffer when the fractional buy/sell volumes donāt perfectly match. fractional share orders do not get routed to the exchange, so wonāt just be held until a whole share can be purchased from outside.
on a normal basis any shares made fractional shouldnāt have liquidity issues, so itās unlikely you will have to wait long. you will still face similar delays when trying to find a match for whole shares on the exchange.
As others have pointed out, due to Google being there twice, it brings it up over 500.
Yeah but itās the same ācompanyā. There might be more than 500 entries, but the same companies can be listed multiple times. Not sure why I thought it was the other way round.
Not that I donāt trust total strangers on the internet, but I had to check myself on the fact sheet.
505 is correct, they refer to them as constituents opposed to companies due to the obvious, being, multiple class of shares for a singular company
Absolutely, hence why I was careful to say 500 āstocksā and not 500 ācompaniesā
Unfortunately the thread has gone off topic. The bananas I got today from Lidl were nice and yellow, ripe you could say. Peeled the first one back and it was brown inside!
I think Iāll go back to tescos or find an Asian supermarket as they sell one-a-day bananas.
I forgot to reply to the comment directly, but I thought the convo went to avocadoās, so you know the context of my post
since I donāt feel voting rights will make much of a difference for me, I usually prefer the ācheaperā non-vote shares, where I must purchase them in full. with fractional shares however it really doesnāt matter which you buy, but buying whole shares does tend to make the math easier later on.
Interestingly the class A share (voting right) is actually cheaper at time of writing (not that we get to vote with T212 but I think thatās a topic for another day). There was a Seeking Alpha report I was reading recently which explained why the class C became slightly more expensive.