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I want to buy my dad a few shares in companies with products he loves. Since it is just a gift for sentimental value, I don't want hundreds of shares. Just one will do. Is it possible to buy single shares or is there a minimum amount of shares which you have to buy in one go?
Hi there,
Stock brokers and companies typically require a minimum purchase known as the "minimum marketable parcel of shares". However, you can technically buy as few as just one share in a company.
Note that certain fees (like brokerage and transaction fees) apply on a per-transaction basis, so while buying single shares as a gift is possible, it is not recommended for investors.
Best regards from Moneyguru
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