Easy Equities good or bad?

SauRoNZA said:
Wow Easy Equities is amazing compared to the absolute piece of crap that is FNB Sharesaver.

I opened an account like a year ago (because FNB wouldn’t let me have a second savings pocket like TymeBank) to potentially put some money away for our domestic.

I could never actually figure out how to make it work it’s that bloody hostile and then noticed a couple of months ago I’m being charged R20 a month for this thing I don’t use.

So I figured it’s a dormancy charge and so I struggled through getting it setup and put R300 a month in which is the bare minimum.

Let it chug along a little bit but the R20 a month hung around making it so expensive it basically can’t make a profit for many years so I decided **** that I’d rather put that into an RA than this crap.

Think you can close it yourself? Nope you have to CALL someone to do it and you need to sell all your shares out first which took a good two weeks to clear.

Guess what? They charged me R57.50 per sale from two funds it was invested in.

So of the entire R1200 I put into this fund I got a whopping -R96 out at the end of the and that’s excluding the R20 a month they take off from your main account.

Definitely do not recommend.

In contrast it would have cost almost nothing on Easy Equities, would have shown a profit and I could have self managed it all.
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I closed all my FNB accounts and moved to Discovery [Jan 2021] over the not being able to add more than one savings account/pocket.

Also with EE for my shares for at least 5 years. That was previously with FNB too.
 
AirWolf said:
I closed all my FNB accounts and moved to Discovery [Jan 2021] over the not being able to add more than one savings account/pocket.

Also with EE for my shares for at least 5 years. That was previously with FNB too.
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Nee fok I’ll stick to a real bank for normal transactional accounts.

But it goes to show just stick to the specialist for their given fields and don’t fall for the do it all on one place tricks.
 
SauRoNZA said:
Nee fok I’ll stick to a real bank for normal transactional accounts.

But it goes to show just stick to the specialist for their given fields and don’t fall for the do it all on one place tricks.
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Real bank lol - they're getting their asses handed to them by the new digital only players.
 
AirWolf said:
Real bank lol - they're getting their asses handed to them by the new digital only players.
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Having gone through Twenty20, Icanonline and all those back in the day I’ll wait it out until that’s proven fully over time.

I do have a TymeBank account on the side though.
 
SauRoNZA said:
Having gone through Twenty20, Icanonline and all those back in the day I’ll wait it out until that’s proven fully over time.

I do have a TymeBank account on the side though.
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Twenty20 was ahead of its time - never used them.

The smart phone age is the platform digital banks needed to succeed.
 
AirWolf said:
Twenty20 was ahead of its time - never used them.

The smart phone age is the platform digital banks needed to succeed.
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It’s true for sure, I just don’t fit Discovery’s all-in demographic and mode of operations so it doesn’t add up for me.

Also the fact that their idea of “healthy” is entirely broken and they hinge everything off that.
 
C4Cat said:
Tell me more?
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They still apply very archaic principles like BMI in their logic to health.

They also unilaterally go along the dietary lines of high fibre across the board…which isn’t good for everyone.

Other things I fail to remember right now, but basically their system only caters to people fitting into their very conventional boxes, and anyone else is deemed unhealthy.

Ironically while they have all people’s medical data and could do so much better.
 
SauRoNZA said:
Ha ha ha....very appropriate right now.

mybroadband.co.za

Discovery Bank makes R990 million loss

Discovery Bank suffered a loss of R990 million in the Discovery Limited service group’s past financial year, but the larger group’s profit surged.
mybroadband.co.za mybroadband.co.za
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Have you noticed how everyone is in loss now? Creative accounting ?

Disco top guys rent their building from their buddies and buddies are making profit at discovery's expense.
 
Does anyone know if EE provides some sort of statement that shows Current Value at the point when you made a sale?
All I’m seeing is how much you sold at what price but nothing with regards to how much your share was worth at the time
 
rjay100 said:
Does anyone know if EE provides some sort of statement that shows Current Value at the point when you made a sale?
All I’m seeing is how much you sold at what price but nothing with regards to how much your share was worth at the time
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What a share is "worth" is the price a willing buyer and a willing seller agrees on. If you willingly sold shares to a willing buyer the price that was paid is exactly what the shares were worth in the market at the time of the transaction.
 
rjay100 said:
Does anyone know if EE provides some sort of statement that shows Current Value at the point when you made a sale?
All I’m seeing is how much you sold at what price but nothing with regards to how much your share was worth at the time
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Surely the price you sold at is what the share was worth at that time?
 
muisnes said:
What a share is "worth" is the price a willing buyer and a willing seller agrees on. If you willingly sold shares to a willing buyer the price that was paid is exactly what the shares were worth in the market at the time of the transaction.
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Yes but I was wondering if there’s a report they have that shows the total value without me having to do manual calculations. Not what the share price was at the point of execution. Meant to say that
 
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