Hey everyone. So just read that fractional shares are not eligible for stock splits (upcoming ones for Tesla and Apple) which is obviously quite disappointing. Apple I care less about as I have some full shares but I also have 0.45 in fractional shares. With Tesla, I’ve never been able to afford or justify the full price in my portfolio so it’s fully fractional.
We will be given cash in our account and our positions will be closed (I assume at market open?) and we can rebuy. My only concern is the possible volatility at the start of trading. Obviously, if you’re a long-term investor, you don’t care that much about specific entry points, but I am conscious that Tesla is particular is extremely volatile and it’d be a shame for me to have to pay a “premium” price to re-own the shares I have. For Apple, I’ll probably try to move some of my capital around to make the share whole at good price points, but I can’t see myself doing the same for Tesla.
What’s everyone’s plan to make the most of this situation or mitigate any possible losses (might also be gains tbf)?