Easy Equities good or bad?

Tun@

Expert Member
Joined
Oct 2, 2007
Messages
3,528
I think its the spread you guys are having problem with.
in the market depth pic i posted(thats non EE its via absa accnt)
if someone buys 1 unit at the ask the last price will post at 729
if someone sells 1 unit at the bid the last price will post at 716

You can see that in the t&s on the right side where it varies from 730 to 716 as people brought or sold.
 

Swa

Honorary Master
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May 4, 2012
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27,999
Thanks for the reply

I never sold 1 share ever ! Was just curious earlier looking at the current price vs listed (as per EE)
In the long run it probably doesn't matter though. Not because a few percent doesn't matter when investing but because you'll probably pay more in fees on other platforms than any extra you might be able to squeeze out. Unless it's millions then it probably makes sense to pay in order to net a few extra percent at the end of the day.
 

AirWolf

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Aug 18, 2006
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Looking at EE selling now ...

Lets take Ash Mid Cap as an example

EE selling -> R7.14
EE buying -> R7.29

Sharenet stats :
selling -> R7.29
buying -> R7.14

It looks like all shares are swopped around (or is it right actually)
They're both the same thing, the first shows what you are buying and selling at, while the second shows what someone else is selling and buying at, which you would buy and sell at respectively.
 

AirWolf

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Aug 18, 2006
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So to say: is EE then a great investment tool?

As you dont really buy or sell at the “real” price...
You're talking about the difference between the 15minute delayed price and the live price.

Most platforms have 15 minute delayed prices unless you pay for live price. EE does have the tokens you can purchase to see the live price.

I do have the tokens and access to the live prices somewhere else - buys and sells on EE are spot-on live prices.
 

AirWolf

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Aug 18, 2006
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Anyone able to download their statement for April? I'm getting the below:

Capture.JPG
 

humbledryer

Active Member
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Nov 5, 2020
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97
Why does it take 5 business days for cash to be settled and withdrawable after selling some USD shares?
 

bromster

Executive Member
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Nov 2, 2012
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If I eft R1000 and buy EC10, how does the locking period work?

Can i sell the next day? How long before i can withdraw those funds to my bank account?

Can't see any clear data in the T&Cs. Thanks.
 

Swa

Honorary Master
Joined
May 4, 2012
Messages
27,999
If I eft R1000 and buy EC10, how does the locking period work?

Can i sell the next day? How long before i can withdraw those funds to my bank account?

Can't see any clear data in the T&Cs. Thanks.
What locking period?
 

AirWolf

Honorary Master
Joined
Aug 18, 2006
Messages
23,756
If I eft R1000 and buy EC10, how does the locking period work?

Can i sell the next day? How long before i can withdraw those funds to my bank account?

Can't see any clear data in the T&Cs. Thanks.
You can buy and sell on the same day even. There is no lock-in if you need to sell.

Funds are available for withdrawal 4 or 5 days after selling.

If the funds came in via debit order, I think I saw longer periods before you can withdraw.
 

Swa

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May 4, 2012
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27,999
Generally after you sell (any share), you can trade with the money immediately, but you have to wait 4 or 5 business days to withdraw that money.
Ah, that one. Yes works the same as any normal share.

I also remember something that if you EFT there's a 10 day waiting period to withdraw that money because apparently their provider can't distinguish between EFT and cheque deposit.
 

AirWolf

Honorary Master
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Aug 18, 2006
Messages
23,756
Ah, that one. Yes works the same as any normal share.

I also remember something that if you EFT there's a 10 day waiting period to withdraw that money because apparently their provider can't distinguish between EFT and cheque deposit.
Cheques are dead. Most banks have stopped from the beginning of this year.
 

zerocool2009

Executive Member
Joined
Sep 4, 2009
Messages
6,004
I'm still deciding whether to go for something new or reinvest it with RMH...

I moved some to my TFSA
The rest (juggled it between existing)

Added :
Jubilee Metals Group PLC
Ascendis Health Limited

Crossing fingers for the 2 new horses :)
 
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