Technology stocks can be notoriously expensive. A single share of Amazon.com (AMZN) is approaching $1,000. Ditto for Google’s stock (GOOGL). Apple’s (AAPL) share price would be above $1,000 had the company not split its stock 7-for-1 in 2014.
So how do you add technology stocks to your portfolio if you only have a small amount to invest? One cost-effective way is to focus on promising tech stocks priced under $20 a share. We found four names worthy of your consideration.
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But before you place a buy order, don’t neglect to weigh the impact of trading commissions. Let’s say you want to invest $100 in each of the four stocks we recommend. Even at just $4.95 per online trade, the going rate at brokerages such as Fidelity and Schwab, your investment is already down 5%. For small trades, consider opening a free Robinhood account instead. You can use the brokerage’s smartphone app to make no-commission stock trades.
Data is as of May 2, 2017, unless otherwise indicated. Click on ticker-symbol links for current share prices and more.