Easy Equities good or bad?

Hamster said:
Compound interest is interest on interest. Very crude example, you put away R100 at 5% for 10 years. Year one you earn 5% on R100 which brings you to R105. Year two you earn 5% on the R105 instead of just the initial R100.

Shares have a similar snowball effect.
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As far as I understand EE dividends are not automatically reinvested. It is credited to your account and available for withdrawal or investment. If you want to earn "compound interest" on your dividend portion you will have to reinvest it.
 
Thor187 said:
This is probably a silly question, but I hear a lot when people talk about shares they say the word "compounded interest" or Thats the beauty of compounded interest etc.
This relates to the price of the physical share you bought - eg the 5% it gains this year and the 5% it gains next year results in a compounded increase of more than just 10%

Can someone please explain this to me ? Do we earn interest on Easy equities ?
see above. you are however supposed to earn a small interest on your cash balance

Also does anyone know how dividends work on EE ?
The pay the dividend into your cash balance, and show it in your transaction history. not much detail is shown though (normally three transactions, showing the dividend, then the tax deducted and the final amount added
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see inline
 
What kind of options are available similar to EE if you wanted to buy on the NASDAQ?
 
Hamster said:
Compound interest is interest on interest. Very crude example, you put away R100 at 5% for 10 years. Year one you earn 5% on R100 which brings you to R105. Year two you earn 5% on the R105 instead of just the initial R100.

Shares have a similar snowball effect.
Click to expand...

gjmellet said:
As far as I understand EE dividends are not automatically reinvested. It is credited to your account and available for withdrawal or investment. If you want to earn "compound interest" on your dividend portion you will have to reinvest it.
Click to expand...

Neo_X said:
see inline
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Thank greatly for the answers I really appreciate it.
 
Thor187 said:
Gt247 is like EE but for ofshore I think.
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GT247 IS EE.

I meant something more simple than a full trading platform. Basically exactly like EE but with international options and without all the fees. Especially if I can pay by Credit Card like EE.
 
SauRoNZA said:
GT247 IS EE.

I meant something more simple than a full trading platform. Basically exactly like EE but with international options and without all the fees. Especially if I can pay by Credit Card like EE.
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GT247 is not EE, EE is powered by Gt247, but it's not the only product they have.
 
SauRoNZA said:
I meant something more simple than a full trading platform. Basically exactly like EE but with international options and without all the fees. Especially if I can pay by Credit Card like EE.
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Mmmm I am not sure if we have any ofshore trading platforms, unless you can get a US bank account or a us platform payable with paypal mayne ?


Not entirely sure, but I.would also be interested.
 
Thor187 said:
GT247 is not EE, EE is powered by Gt247, but it's not the only product they have.
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What I mean is GT247 owns EE.

The two platforms are purposely different and therefore GT247 is nothing like EE.

I suspect EToro might be the only other option.
 
SauRoNZA said:
What I mean is GT247 owns EE.

The two platforms are purposely different and therefore GT247 is nothing like EE.

I suspect EToro might be the only other option.
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I looked at etoro, but something about it seemed a little too fishy to me so I opted out.
 
Yeah same reason I'm asking about other options.

But now that you mentioned Paypal I wonder if they have something in there.
 
hmmm EE seems to be down (crashed on me in the middle of a trade).... O.o.

anybody else able to access it?

*edit*

yes down...
brb.jpg
 
Thor187 said:
Mine is up, I take it they are back. Did your trade go through?
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yes restored on my end, but trade didnt go through (was selling some shares and amount of shares didnt change)

now it froze on a buy transaction... grrr something is broken
 
Neo_X said:
yes restored on my end, but trade didnt go through (was selling some shares and amount of shares didnt change)

now it froze on a buy transaction... grrr something is broken
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Thank you for being a test pig :P was just about to buy some shares.
 
Thor187 said:
Thank you for being a test pig :P was just about to buy some shares.
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Managed about 76 transactions - rebalanced my portfolio. Had to call the trade desk for 6 of them - some strange message on the EE platform blocking me from buying/selling. R50 per phone trade - :ouch:
 
Neo_X said:
Managed about 76 transactions - rebalanced my portfolio. Had to call the trade desk for 6 of them - some strange message on the EE platform blocking me from buying/selling. R50 per phone trade - :ouch:
Click to expand...

I see SBAOIL gives a funny message I wanted to trade
 
Also take care of the pricing - even thought there is warnings to the effect...:
sab.JPG
it was asking me to buy at R45 a pop an hour ago verus the R35 current price. Even the phone desk confirmed that.
 
Some of the shares/ETFs with low liquidity are not available to trade online to protect the investor or trader from large bid-offer spreads. I had to phone to by PTXTEN, but they confirmed that I am only charged the normal fees and not the R50 telephone trade fee since it is not available to trade on the EE platform.
 
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