Easy Equities good or bad?

So - recently (Nov/Dec) - somehow my internet banking details got out - if it wasn't for 2FA I'd be in a heap of ****.

No one (bank included) knows how they got out, both username and password are unique to them. I don't use public PCs/networks - in fact - I only log-on from my laptop.
 
xrapidx said:
So - recently (Nov/Dec) - somehow my internet banking details got out - if it wasn't for 2FA I'd be in a heap of ****.

No one (bank included) knows how they got out, both username and password are unique to them. I don't use public PCs/networks - in fact - I only log-on from my laptop.
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Spouse is always the prime suspect in murder. #justsaying :ROFL: :ROFL:
 
surface said:
satrix msci china
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Satrix MSCI China bag holder checking in!

My portfolio is a mixed bag. US account has taken the biggest knock. Just riding it out because I've made dumb emotional sell decisions before and I think I've lost more doing that. Sometimes I do sell at a big loss and then buy back to offset any money making sells (I am not sure if this works well, but I do it). Overall I am up about 17% though, but it still hurts when I see that red.

My biggest bags at the moment:

* Satrix Global Aggregate bond (-10%)
* Satrix MCSI China (-3%, but it's probably way more because I panic sold at the bottom and bought back)
* Sygnia Solactive Healthcare 150 (-4.72%)
* Satrix Prop (-37%)
* Editas Medicine (-48%)
* iShares Global Clean Energy (-39%)
 
surface said:
Thanks, will have a look.

I am not joking. It looks like I went and picked up the worst of the lot or I bought them when high or both.

All negative for me as of now.

satrix msci china
satrix property
satrix s&p 500
sygnia emerging markets 50
sygnia solactive
rmh
jubilee
nampak
Coreshares property income
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If it's any consolation, I just wrote off the Nampak shares I bought for R20 in 2016 - I was looking at Barloworld and Nampak for the R1k for that month. My head said that Barloworld was looking better but I made a kind of emotional swing towards Nampak because I had a friend who worked at Nampak and always spoke well of the company.

Barlworld went from something like R60 to R120 in 6 months. Nampak really just went downhill.

So School Fees! At least it was small amount to lose!
 
InvisibleJim said:
My head said that Barloworld was looking better but I made a kind of emotional swing towards Nampak because I had a friend who worked at Nampak and always spoke well of the company.
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Similar experience but only lost out on money, rather than losing money.

When Sasol tanked to R20 in March 2020,I started a thread about buying their shares for cheap. Lots of negative vibes so I passed. Sasol later shot back up. I might have not got a couple of grand out of it, but I got my best performing thread - and that is priceless.
 
Swa said:
Honestly 2FA is overhyped. If a site isn't secure enough to protect a 24 character alpha numeric string it won't be secure enough to protect a 6 character number that can be guessed in a few seconds. The major problem with 2FA is that it's a hit and miss to recover so I only use it where forced and where I can easily reset it in case it gets lost.
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They don’t secure the number at all.

The entire point is that it’s a second layer should the password be compromised and usually involved a second device making it less likely to be compromised.

It’s just further risk mitigation.

Even better would be supporting something like TouchID or a Yubikey as a 2FA mechanism.
 
I saw a personal offer on Jasco shares. It was listed at 35c each for existing shareholders. I replied that I am in. I see a new Jasco section, but shares are listed as R1 (at the buy section).

Did anyone else opted in saying yes (they are interested)?
 
I've been using easy equities since 2016 when I opened a TFSA with them, so far so good. I've read a lot about how EE is great for small time investors with its fees being so low etc.

What's the argument for not using them for larger sums of money, like R 5-10 million. If you are investing with a few trades per year to balance a portfolio why would you go to someone like PSG wealth or Rand Swiss over EE?
 
fiddle_sticks said:
I've been using easy equities since 2016 when I opened a TFSA with them, so far so good. I've read a lot about how EE is great for small time investors with its fees being so low etc.

What's the argument for not using them for larger sums of money, like R 5-10 million. If you are investing with a few trades per year to balance a portfolio why would you go to someone like PSG wealth or Rand Swiss over EE?
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I think if you do more than R10k? Per transaction the fees in a trading account at one of the banks becomes cheaper, because it is capped.

Also you get more functionality.

(Haven't checked the fees in a long time, don't know what the exact amount is.)
 
warwickw said:
I think you misunderstand where 2FA is positioned, it ensures besides knowing a password you have to have a second form of authentication ie the device/app that is linked to the account. This gives peace of mind that if your password is compromised your account is still secure.
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I know where it's positioned. The point is that a password so complex that you don't even know it doesn't need 2FA that is less complex. If my password can be guessed then so can the 2FA. That is a site design issue so 2FA won't protect you there.

surface said:
Protect a 6 character number? I don't think you understand 2FA.

Not sure what is your definition of hit & miss but I have not found any issues with 2FA on coronation, 10x, fnb etc.. Occasionally, there is a issue (like once a month) but it gets sorted out once you try again in 5 minutes.
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Most 2FA I had to enter is 6 numbers so if they can crack my password they'll crack the 2FA in no time.

And I'm not talking about temporary glitches but in cases like where you lose your device or it dies or something. If you use 2FA you have to compromise it in order to stay secure or you risk losing access. The track record for 2FA recovery is abysmal. If you have it on 20 sites and you lose it you have to accept that on a best case scenario you won't regain access to at least 6 of them.
 
Swa said:
I know where it's positioned. The point is that a password so complex that you don't even know it doesn't need 2FA that is less complex. If my password can be guessed then so can the 2FA. That is a site design issue so 2FA won't protect you there.


Most 2FA I had to enter is 6 numbers so if they can crack my password they'll crack the 2FA in no time.

And I'm not talking about temporary glitches but in cases like where you lose your device or it dies or something. If you use 2FA you have to compromise it in order to stay secure or you risk losing access. The track record for 2FA recovery is abysmal. If you have it on 20 sites and you lose it you have to accept that on a best case scenario you won't regain access to at least 6 of them.
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That 6 numbers change every 60 seconds, to a new random number. Chances of guessing the correct number at the right moment is super rare.

Even then, you ignore the yubi key options which is over 20 random characters that change even more often.

2fa is not stupid or silly or useless. Your password can be captured, and used long after capture time. 2fa will only work if used at the instant in time it is captured.

How can you say no to such an incredible extra layer of defense. I will personally never trust a fool telling me a extra layer of defense is not needed when it comes to my money. Can never be too safe.
 
Swa said:
I know where it's positioned. The point is that a password so complex that you don't even know it doesn't need 2FA that is less complex. If my password can be guessed then so can the 2FA. That is a site design issue so 2FA won't protect you there.


Most 2FA I had to enter is 6 numbers so if they can crack my password they'll crack the 2FA in no time.

And I'm not talking about temporary glitches but in cases like where you lose your device or it dies or something. If you use 2FA you have to compromise it in order to stay secure or you risk losing access. The track record for 2FA recovery is abysmal. If you have it on 20 sites and you lose it you have to accept that on a best case scenario you won't regain access to at least 6 of them.
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Complexity of a password doesn't really make 2FA any less necessary - say if your password is phished or captured by malware. Granted if you are someone who uses a unique strong password for all your accounts, you are probably someone less likely to be caught out by phishing but it really could happen to anyone.

It's pretty accepted in security circles that passwords are pretty flawed as a security mechanism and no longer fit for purpose. 2FA is currently one of the most effective controls to mitigate the risks associated with using passwords alone.
 
2FA is typically used in conjunction with apps like MS Authenticator etc that need to be accessed on a person's phone or alternatively 6 digit number sent to that number. Is someone here thinking that this number can be guessed/compromised somehow and hacked and entered before it reaches the person's phone within a specified timeframe? I blame the movies or The Blacklist. :)

Look at the other posts of this someone. There is complete absence of rationality in most of the posts. Move on.

Of course one can hack password and then kidnap the person and force to enter 2FA. There. Or cut the thumb if phone requires that kind of authentication. I solved it. Easy peasy DIY hacking.
 
surface said:
2FA is typically used in conjunction with apps like MS Authenticator etc that need to be accessed on a person's phone or alternatively 6 digit number sent to that number. Is someone here thinking that this number can be guessed/compromised somehow and hacked and entered before it reaches the person's phone within a specified timeframe? I blame the movies or The Blacklist. :)

Look at the other posts of this someone. There is complete absence of rationality in most of the posts. Move on.

Of course one can hack password and then kidnap the person and force to enter 2FA. There. Or cut the thumb if phone requires that kind of authentication. I solved it. Easy peasy DIY hacking.
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Yeah I think you are right. Said person has now met my ignore list. I don't need to read his opinions.
 
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