How to Buy One Share of Berkshire Hathaway Stock
Introduction to Single Share Trading
Back in the days when investors typically bought lots of shares at a time, it was common for transactions to occur in bundles of 100 shares. If an investor wanted to purchase an odd lot, less than 100 shares, they often had to pay additional broker fees. However, with advancements in technology and the availability of low-cost online brokers, the process of buying a single share of stock has become far more accessible. Today, you can buy virtually any stock, including one share of Berkshire Hathaway, with minimal fees or even no fees at all, depending on the broker.
Opening a Brokerage Account
The first step in acquiring a single share of Berkshire Hathaway is to open a brokerage account. There are many reputable brokers available, and you can choose one that suits your needs, such as Scottrade or Robinhood. Both of these brokers offer low trade fees, making the process more economical.
Brokers that Allow Single Share Purchases
Any brokerage that you choose should allow you to purchase a single share of BRK (Berkshire Hathaway) stock. You can choose between the A and B shares, and there is no minimum share requirement for owners of BRK or any other stock.
Using the Robinhood App for Easy and Commission-Free Trading
If you want to buy a single share of Berkshire Hathaway quickly and easily, the Robinhood app might be your best choice. It is intuitive and user-friendly, making it great for low-level trading. I use it myself, with no complaints.
The process is straightforward:
Sign up with a brokerage account: Preferably a low-trade-fee company like Scottrade or Robinhood. Deposit money into the brokerage account: You can send money through the app or website of your chosen brokerage. Place an order: Set a market order for one share or a limit order if you want to specify a minimum price to buy at.Once you're done, you're all set! Good luck with your investment.
Class A vs. Class B Shares
If you're looking to buy a single share of Berkshire Hathaway, you may have noticed that there are two classes of shares: Class A and Class B. While both are the same stock, Class B shares are significantly more affordable. Historically, buying one share of Class A stock required a substantial amount, such as $254,151 as of the most recent data, while a single share of Class B is easily obtainable with around $180. This makes Class B the more viable option for most investors.
Final Thoughts
Berkshire Hathaway is a prestigious stock, and investing in it can be a great choice. Whether you choose to buy a single share of Class A or Class B, you're investing in a company with a strong track record of growth and stability. With the easy accessibility of single share trading and low broker fees, the process is now more accessible to a wider range of investors.