I am a UK resident looking for a stocks and shares brokerage for long-term value-investing.
I am currently working with limited money for investing so am saving until I can buy complete stocks using Freetrade. This is currently a slow process as there might be a month or two between stock acquisitions. Also, with the relatively (for the time being) small dividend payments I feel I am missing out on the compound growth that could be achieved with the ability to buy fractional shares.
I know there are companies providing this, along with automatic dividend reinvestment in other countries, M1 Finance being a perfect example in the USA.
Has anybody got advice, further reading or brokerage suggestions that would fill, or at least be a step towards, my criteria of -
- Fractional Shares
- Automatic Dividend Reinvestment
- Open to UK residents
- Low fee's
Obviously if anybody has any other information that might be useful that is appreciated also.
EDIT: I know ETF's might fulfill some of my criteria, I would just prefer to have active control over where my money is going, I am just seeking options.