An old term you might hear when investing in stocks is “Odd Lots.” What is the Odd Lots definition? Well here we go:
Odd Lots Definition
The definition of odd lots is a unit of stocks, not divisible by 100(Round Lots are units of 100 shares).
Previously, if you bought stocks NOT in 100 share units(Round Lots Definition), you were charged an extra fee. Or, some stock brokerage houses wouldn’t even sell you non-100 unit stocks. It was Round Lots only, or nothing.
As stock brokerage houses became more retail investor friendly, it became easier to buy non-Round Lots and Odd Lots of stocks(<100 shares or lots of stocks not easily divisible by 100) of stocks.
Later, the stock brokers became much more retail investor-friendly by buying fractional shares of stocks(<1 share).
 Myself with an interesting Bull Sculpture. Notice: No Lambo’s. :/ | Hi I’m Tom, A Blogger And A PIG Farmer. PIG Farmer as in I grow Passive Income Generators(PIG’s). I’ve been playing with stocks, mutual funds, and options for decades, as well as always working on my side hustle stacks. Unlike what you read online, I’ve yet to find a way to get rich quickly. Get Rich Quick isn’t happening for me. My journey has been long and continues. I hope to have so many PIGs I can stop working at my current job and volunteer as a medical worker overseas. Still waiting, but getting there. I still am a family man, and while on this Journey of Growing PIGs. I wanted to share my adventures(ups and downs), hoping you will contribute with your feedback and comments. Fun Fact: In my spare time, I am a Band-Dad! |