New fintech helps Aus investors own a piece of Berkshire Hathaway
Australian fintech start-up Stake is allowing Australian investors to invest in Warren Buffet’s Berkshire Hathaway (Class A) (BRK.A) stock, without having to pay the full $320,000 price tag.
Due to Stake’s fractional share offering, investors could trade fractions of shares down to four decimal places and still outright own that portion of stock.
Stake was a fully-regulated digital brokerage platform which allowed people outside of the US to trade US stocks and exchange trade funds (ETFs) at a fraction of the cost of going through brokers and banks in Australia.
They had added BRK.A to over 3,500 other US stocks and ETFs already on offer to trade directly.
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