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Is there any specific reason nowadays to stick to round lots (100 shares at a time) or is that pretty much an outdated practice from the past?
Due to DRIPing, all of my once round lots are now no longer so and I've never been charged extra or had an order rejected that wasn't a perfect multiples of 100 shares. If I intend to buy 100 shares of something, but when I get around to it the price has dropped to where I can now afford 103 shares, I assume that doesn't really prevent me from buying? Is selling a round lot quicker/easier?
It depends on your hedging strategy, assuming you utilize derivatives.
Most people don't use derivatives to hedge but even if you did being long 103 shares and having an option or combination there of covering 100 shares isn't going to make much difference
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