Easy Equities good or bad?

One of my equities has spiked ahead of a looming dividend payout.

Wanting to maximize my profits ahead of this, why does EE only offer a limit order sell at a rate far below that of the currently reflected price? If I opt for the limit rate and the spike drops off before they process the order, I lose out. That's not right.

Thanks.
 
Merlin said:
One of my equities has spiked ahead of a looming dividend payout.

Wanting to maximize my profits ahead of this, why does EE only offer a limit order sell at a rate far below that of the currently reflected price? If I opt for the limit rate and the spike drops off before they process the order, I lose out. That's not right.

Thanks.
Click to expand...

Thats part of their strategy, as its a costless engine. They need to make money some how
 
Merlin said:
One of my equities has spiked ahead of a looming dividend payout.

Wanting to maximize my profits ahead of this, why does EE only offer a limit order sell at a rate far below that of the currently reflected price? If I opt for the limit rate and the spike drops off before they process the order, I lose out. That's not right.

Thanks.
Click to expand...


what ticker? - i can throw u non ee market depth if u like (if its a JSE)
 
Why is it such a struggle to get your money out of Easy Equities?

Adding a new bank account, they now require 3 months bank statements. No problem, provided it to them. Now the excuse is that the bank account must be a full 3 months open and you need to wait 8 more days before adding the account again and sending the statements and account confirmation letter again.

Seems they have liquidity issues and keep looking for excuses not to pay out members money. I will wait a while and keep watching the news.

In the meantime I will try and get all my money out of EE before they collapse and one loses everything.
 
rvZA said:
Why is it such a struggle to get your money out of Easy Equities?

Adding a new bank account, they now require 3 months bank statements. No problem, provided it to them. Now the excuse is that the bank account must be a full 3 months open and you need to wait 8 more days before adding the account again and sending the statements and account confirmation letter again.

Seems they have liquidity issues and keep looking for excuses not to pay out members money. I will wait a while and keep watching the news.

In the meantime I will try and get all my money out of EE before they collapse and one loses everything.
Click to expand...
Lets find out at the AGM
 
rvZA said:
Why is it such a struggle to get your money out of Easy Equities?

Adding a new bank account, they now require 3 months bank statements. No problem, provided it to them. Now the excuse is that the bank account must be a full 3 months open and you need to wait 8 more days before adding the account again and sending the statements and account confirmation letter again.

Seems they have liquidity issues and keep looking for excuses not to pay out members money. I will wait a while and keep watching the news.

In the meantime I will try and get all my money out of EE before they collapse and one loses everything.
Click to expand...
Given that one receives 'share certificates' when they purchase equity, are these tied to the platform that provided them or to the actual firm that one has invested in?

For example, in a scenario where EE unexpectedly closed their doors tomorrow, would any funds invested via them be 'lost', or would these share certificates be honoured by the firm invested in, or be taken over by another investment platform, barring the fees?
 
From what I remember reading, you have full ownership of the full shares, but fractional shares not, so there is a chance you could lose any fractional shares
 
rvZA said:
Why is it such a struggle to get your money out of Easy Equities?

Adding a new bank account, they now require 3 months bank statements. No problem, provided it to them. Now the excuse is that the bank account must be a full 3 months open and you need to wait 8 more days before adding the account again and sending the statements and account confirmation letter again.

Seems they have liquidity issues and keep looking for excuses not to pay out members money. I will wait a while and keep watching the news.

In the meantime I will try and get all my money out of EE before they collapse and one loses everything.
Click to expand...
So there was an issue changing bank details.
If you had withdrawn into an already loaded bank account there would have been no issue.
How do you extrapolate to liquidity issues?
 
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Hello :)

Do you still receive notifications when dividends are paid?
Mine stopped working September 2022; only deposits are listed.
 
Does just funding the TFSA (without buying equities, ETFs, etc.) earn you interest on those funds?
 
My understanding is you get R40k free on capital gains in total each year. So if you looking to rebalance your investments it may be a good time to shift around your shares or move into another EFT if you have like me have not done much selling this last year before the tax year runs out.
 
Any one else get stuck with a spinning loading screen when signing in? Happens almost every time on mobile and desktop
 
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