Easy Equities good or bad?

PrimeSteak said:
Hey okes, so I just got an Easy Equities account, before I finish making my profile and try this out, I want to ask some questions:
  • What is the general experience of EE?
  • What is this R25 fee everyone talks about on this thread page?
  • Give a quick intro/tutorial to this game for a newbie (I'm familiar with the concept of stocks and companies, but not so much the nitty gritty stuff)
Click to expand...
EE was the bees knees until they decided to add a R25 fee to their compulsory loyalty programme - i.e. effectively a R25 per month platform fee. There are ways to bypass the R25 fee, such as a monthly deposit of any value.

And then if I were to give advice, stick to low cost ETFs. Stock picking, unless you are very clued up on the company/industry is a lottery.
 
Speedster said:
EE was the bees knees until they decided to add a R25 fee to their compulsory loyalty programme - i.e. effectively a R25 per month platform fee. There are ways to bypass the R25 fee, such as a monthly deposit of any value.

And then if I were to give advice, stick to low cost ETFs.
Click to expand...
From what I could quickly Google, ETFs are basically multiple assets that are cosplaying as stocks? Or am I misunderstanding here?

Also, could you give me an example of an ETF?
Speedster said:
Stock picking, unless you are very clued up on the company/industry is a lottery.
Click to expand...
Yeah, I thought I'd deploy in well-known local companies like Telkom, MTN, etc.
 
PrimeSteak said:
From what I could quickly Google, ETFs are basically multiple assets that are cosplaying as stocks? Or am I misunderstanding here?

Also, could you give me an example of an ETF?

Yeah, I thought I'd deploy in well-known local companies like Telkom, MTN, etc.
Click to expand...
An Exchange Traded Fund is a fund that buys a collection of stocks. So examples would be SATRIX 40 (top 40 JSE shares) and MSCI World (a large collection of the top shares world wide).
 
PrimeSteak said:
From what I could quickly Google, ETFs are basically multiple assets that are cosplaying as stocks? Or am I misunderstanding here?

Also, could you give me an example of an ETF?

Yeah, I thought I'd deploy in well-known local companies like Telkom, MTN, etc.
Click to expand...

*This is not financial advice, don't listen to me, I barely graduated from university:


An ETF is a fund that you buy into. The 'best' ETF for investment purposes are low cost index funds.

A stock index tracks multiple companies. In SA, the main one is the JSE Top 40, which tracks the 40 largest companies on the JSE.

While the Top 40 is an index, there are multiple companies which run Top 4p ETFs. You will find a Satrix Top 40, CoreShares Top 40, Sygnia Top 40 and more.

In graphics card terms, the Top 40 is the Nvidia 4600 while Satrix is Gigabyte. In grocery terms, the Top 40 is tomato sauce and Sygnia is Pick n Pay's choice.

When picking ETFs, you generally want something that is big and broad and low cost.

Cost is measured as TER, the amount of your investment which the fund manager 'eats' each year. For low cost ETFs, you are looking at 0.1% to maybe 0.5%.

Big and broad basically means don't invest in something too specific, like only technology, health care on South Africa. Big and broad indices are the S&P 500, MSCI World, S&P Global 1200 and FTSE Total World.

Start small, read a lot and ask questions.
 
cr@zydude said:
Start small, read a lot and ask questions.
Click to expand...
Here's the first one.

collateral-qualifying-green.svg
100.00% of this instrument qualifies as collateral for EasyCredit.
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WTF does this mean? I'm playing with the demo account and I went onto SASOL's page (Surprised, they're on the JSE Top 40 and they're actually functioning post-State Capture).
 
PrimeSteak said:
EasyCredit
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Plainly put, they allow you to use your investments as security for a loan.

Not sure of the terms, fees or rate.

Edit:

support.easyequities.co.za

What is EasyCredit and how does it work?

EasyCredit allows you to borrow up to R300 000 which can be used as you wish, based on the amount of qualifying investments you own in your portfolio. Qualifying investments consist of the top 100 shares and the most liquid ETFs. We will all...
support.easyequities.co.za support.easyequities.co.za

You know, this sounds like EE trying to turn themselves partly into a loan business. Rubs me the wrong way a bit because their initial mission was to enable low-cost investing for the average Joe.

Now you're going to borrow Joe money and lock up their investments? Mmm...what if they default? Oh well, business is business I guess.
 
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r4nd0m said:
Plainly put, they allow you to use your investments as security for a loan.

Not sure of the terms, fees or rate.

Edit:

support.easyequities.co.za

What is EasyCredit and how does it work?

EasyCredit allows you to borrow up to R300 000 which can be used as you wish, based on the amount of qualifying investments you own in your portfolio. Qualifying investments consist of the top 100 shares and the most liquid ETFs. We will all...
support.easyequities.co.za support.easyequities.co.za

You know, this sounds like EE trying to turn themselves partly into a loan business. Rubs me the wrong way a bit because their initial mission was to enable low-cost investing for the average Joe.

Now you're going to borrow Joe money and lock up their investments? Mmm...what if they default? Oh well, business is business I guess.
Click to expand...
Loans? Ewwww... No thx
 
1704136041859.png

What I've managed to **** around with so far with the demo account.
Played a bit with the USD one, unaffordable AF, at least for me...
 
PrimeSteak said:
Here's the first one.


WTF does this mean? I'm playing with the demo account and I went onto SASOL's page (Surprised, they're on the JSE Top 40 and they're actually functioning post-State Capture).
Click to expand...
do you understand market cap?
How did state capture influence Sasol?
 
BBSA said:
Sasol was privatised in 1979...
Click to expand...
Speedster said:

Major Shareholders |

Major categories of shareholders Number of shares % of ordinary shares % of total issued securities Category Unit Trusts
www.sasol.com
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Well, ****, always thought they were an SOE except maybe partly privatized...

I see that the Gov+GEPF+IDC is around 25%? SASOL is private then... It all makes sense now...
 
Speedster said:
Yes, you won't be billed the R25pm if you've maxed out your TFSA
Click to expand...
This is what I did and will do again
Only sucks if I found another broker that has access to products EE’s TFSA doesn’t have
 
Is anyone experiencing issues with EasyCrypto this afternoon
 
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