Easy Equities good or bad?

Conack said:
If I wanted to do "quests" I'd rather play world of warcraft. Ridiculous that your investment platform wants you to do their quests, or pay up if you don't.
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If someone made a parody of this it would be epic
 
frodob said:
Sneaky advertising from FNB on their mobile app today.

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I use them as well. Something about not all eggs in one basket.

I wouldn't call them an EE replacement, and honestly their interface on the app is painful. Want to check all your holdings? Prepare to tap tens of times int he app. When things break, they are quiet about it and you have to keep on trying for a couple of days until things become right. If you try call them for help, good luck. If you mail them, you wait for a week+ for a response that may or may not be useful.

If you have a pending order, you cannot cancel it if you messed up (you limited the sell too high, or a buy too low). You have to wait for them to cancel it the next day.

FNB have brought a great supplement to the investing space, but it needs a LOT of work. Their first iteration was better to be honest. The slight revamp made things worse.

What I do enjoy is their ETN offerings, which I have been kind of trading. I have made some good dosh with it.
 
The multiple EE-related threads are annoying. Crossposting here again because I might get a better response in this thread.

Glock26 said:
Just sold all of my holdings. Waiting for the cash to reflect, then will withdraw everything and close the account.
Won't hurt them much, but I'm sure I'm not the only one.
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Dylan_G said:
Was thinking about that this morning so decided to find their client numbers.

This was reported as part of the 2023 interim results:
  • Excellent client retention with active clients increased by 23.8%
  • Active clients increased by 23.8% to 831 082, compared to 671 454 in the prior comparative period.
  • Client assets increased by 15.6% to R42.6 billion, compared to R36.8 billion in the prior comparative period.
  • GROUP'S REGISTERED CLIENTS INCREASED BY 22.4% TO 1.80mn (2021: 1.47MN ) (possibly a typo there? think they meant 2022)
Time will tell how this affects them.
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Dylan_G said:
IDK if it's just me, but these numbers don't line up exactly. Maybe someone can educate me, but this is what I'm seeing looking at the older results. Why don't the numbers in bold match between years? They seem to report a figure and then report a lower figure in its place the next year.

GROUP'S ACTIVE CLIENTS

2023 interim results (Feb) - INCREASED BY 23.8% TO 831 082 (YTD 2022: 671 454)
2022 annual results (Aug) - INCREASED BY 50.4% TO 763 233 (2021: 507 391)
2021 annual results (Aug) - 519058***

GROUP'S REGISTERED CLIENTS

2023 interim results (Feb) - INCREASED BY 22.4% TO 1.80mn (2021: 1.47MN)
2022 annual results (Aug) - INCREASED BY 41% TO 1.65mn (2021: 1.17MN)
2021 annual results (Aug) - INCREASED BY 107% TO 1.172mn(2020: 0.567MN)


***Not explicitly stated in the results. Calculated from (operating expenses)/(operating expenses per client) (which both were explicitly stated)
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EE trying to decrease the amount of dormant accounts which will obvious reduce their overheads but incentivising trading is terrible financial advice. Remember David Shapiro once said traders only make money by selling books or webinars not actual trading. (There are outliers but investors almost always outperform traders in the long run). If you have R 100k worth of shares and don;t activey trade will EE still charge you the R 25 ?
 
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L-Dog said:
EE trying to decrease the amount of dormant accounts which will obvious reduce theier overheads but incentivising trading is terrible financial adivce. Rememebr David Shapiro once said traders only make money but sell books or webinars not actual trading. (There are outliers but investors almost always outperform traders in the long run). If you have R 100k worth of shares and don;t activey trade will EE still charge you the R 25 ?
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J I P ....
 
L-Dog said:
EE trying to decrease the amount of dormant accounts which will obvious reduce their overheads but incentivising trading is terrible financial advice. Remember David Shapiro once said traders only make money by selling books or webinars not actual trading. (There are outliers but investors almost always outperform traders in the long run). If you have R 100k worth of shares and don;t activey trade will EE still charge you the R 25 ?
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Hence why I made a R1 deposit this month
 
L-Dog said:
EE trying to decrease the amount of dormant accounts which will obvious reduce their overheads but incentivising trading is terrible financial advice. Remember David Shapiro once said traders only make money by selling books or webinars not actual trading. (There are outliers but investors almost always outperform traders in the long run). If you have R 100k worth of shares and don;t activey trade will EE still charge you the R 25 ?
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Their model is the same as Robinhood, party poppers and everything when buying shares etc. You limited to share price access, poor charting and a load of other controlled access to instruments when they feel like you can trade them. The movie "Dumbmoney" does a nice little bit on Robinhood. It's a casino, just dressed up differently. To push you to be active every month is gamification of a serious thing and is not investing. Many other respectable and highly capitalised and regulated brokers exist in the world that don't charge monthly fees or require you to jump through dog hoops for biscuits (heck you don't even get biscuits in this case). Woof.

edit: oh **** sorry, didn't mean any reference to your username hahaha, really, was just talking in general on dog hoops lol :ROFL::thumbsup::X3:
 
bradza said:
Their model is the same as Robinhood, party poppers and everything when buying shares etc. You limited to share price access, poor charting and a load of other controlled access to instruments when they feel like you can trade them. The movie "Dumbmoney" does a nice little bit on Robinhood. It's a casino, just dressed up differently. To push you to be active every month is gamification of a serious thing and is not investing. Many other respectable and highly capitalised and regulated brokers exist in the world that don't charge monthly fees or require you to jump through dog hoops for biscuits (heck you don't even get biscuits in this case). Woof.

edit: oh **** sorry, didn't mean any reference to your username hahaha, really, was just talking in general on dog hoops lol :ROFL::thumbsup::X3:
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Yeah want to watch Dumb Money this weekend, platforms acting the same as the crypto exchanges just insetntiving trade to up their fees
 
L-Dog said:
Yeah want to watch Dumb Money this weekend, platforms acting the same as the crypto exchanges just insetntiving trade to up their fees
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all platforms incentivise trading. They have to cover their costs.
How would you guys run a platform to cover costs?
 
Speedster said:
Hence why I made a R1 deposit this month
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As with any "loyalty" program, the rules will change to assist in maximum profit for the company, and a monthly R1 deposit won't do the trick anymore in 2 months time. This is the reason why I don't subscribe to this bulls***, I don't have time to keep up with your ridiculous flavour-of-the-month rules (rant in anticipation, of course)
 
Bundu said:
ok, so you don't know
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No just better getting it from the source for yourself. But sheesh ok I'll entertain you for dissing my intelligence. IB gets most of it's profit from interest and commissions. Ka-ching. No need for dormant fees.

Actually, I think they might've stopped onboarding S.Africans after SA's greylisting...?
 
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