Easy Equities good or bad?

strego said:
Is the EE website relatively safe from hacking/information theft? Not seeing safety features used by other FSPs...
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It's as strong as your password is.

Encrypted and all that, but if you password is Password123 you aren't going to have a good time.
 
Scooby_Doo said:
How do you guys go about selecting shares? So far I have stuck to index or ETFs, which are easier to get involved with.

I assume many hours of research etc?
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Just buy blue chip share that are down a bit, ie. SABMiller?
 
Scooby_Doo said:
How do you guys go about selecting shares? So far I have stuck to index or ETFs, which are easier to get involved with.

I assume many hours of research etc?
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I only trade shares with a value of 100c or less. Any 10% or more increase and I sell. If it drops tomorrow, I buy the bastard again.

Rinse and repeat.

Market research? Ain't nobody got time fo' DAT :D
 
Scooby_Doo said:
How do you guys go about selecting shares? So far I have stuck to index or ETFs, which are easier to get involved with.

I assume many hours of research etc?
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i am also new to this. guess the one big lesson i learnt is if you are in it for the long run, don't make hasty sell/buy decisions.

i used the investor challenge and the linked forum plus blog posts to give me some insight. (this blog post is one of my favourites)

ETF's would be the safest way to go , as they rebalance the ETF as time goes on, which saves you tax and time from doing it manually.

on my own research, i came up with the following list, which is a summary of data i got from shareinfo, and maybe google finance in odd cases.

for this year or maybe the next, i will compare performance with some of the ETF's to see how my picks are performing - i have some safety levels where i can sell a third from year 3 onwards , suffer the tax hit, and re-invest while still beating most of the ETF's - but all this is based on past performance.

hope you find what fills your appetite for investing - but remember to take it slow. if something underperforms for 6 months even 12 - don't start jumping around :).

Trading is a completely different ball game. maybe use the practice money to do that for a few months and get to know the rules.
 
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YingYang said:
I only trade shares with a value of 100c or less. Any 10% or more increase and I sell. If it drops tomorrow, I buy the bastard again.

Rinse and repeat.

Market research? Ain't nobody got time fo' DAT :D
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Liquidity must be quite constrained? And how do you deal with the tax?
 
Galactica said:
Liquidity must be quite constrained? And how do you deal with the tax?
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No. I don't trade R100k trades lol. Its mostly sub 500 bucks.

Still a long, long way away from the R23k tax free allowance we get.

Besides, you need balls of steel to invest big amounts into those companies
 
YingYang said:
,

Besides, you need balls of steel to invest big amounts into those companies
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The logic should be that you treat R10 just like a R100 just like R10000 just like R100000.

That way you don't get emotional, which is the wrong way to work with money.

However with your approach of willy nilly and no research I can see why you couldn't deal with that. Probably also why most people will say you'll never make any real money.
 
YingYang said:
No. I don't trade R100k trades lol. Its mostly sub 500 bucks.

Still a long, long way away from the R23k tax free allowance we get.

Besides, you need balls of steel to invest big amounts into those companies
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What tax free allowance on trading income?
 
SauRoNZA said:
The logic should be that you treat R10 just like a R100 just like R10000 just like R100000.

That way you don't get emotional, which is the wrong way to work with money.

However with your approach of willy nilly and no research I can see why you couldn't deal with that. Probably also why most people will say you'll never make any real money.
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That's perfectly OK because trading equities is not how I make my money anyway. I trade other instruments where I use automated systems to do so.
 
Off course there is for *interest income* as in, what you'd get from your bank deposit, bonds, money market or certain property trusts.(not income from REITs which is taxed on your marginal rate). Income generated from trading activities should be added to your total taxable income and is taxed appropriately.
 
BloodBurner9000 said:
Off course there is for *interest income* as in, what you'd get from your bank deposit, bonds, money market or certain property trusts.(not income from REITs which is taxed on your marginal rate). Income generated from trading activities should be added to your total taxable income and is taxed appropriately.
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I.E YingYang is in for a surprise if SARS finds it worth their time...
 
SARS would be wasting their time as I've only recently started doing this. :p
 
Yes, but that is "Securities transfer tax and administration" and "Value Added Tax on costs (VAT)". These are paid irrespective of your gain or loss.
 
BloodBurner9000 said:
Yes, but that is "Securities transfer tax and administration" and "Value Added Tax on costs (VAT)". These are paid irrespective of your gain or loss.
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Donner. I sold last week. What must I include with my return. What do I offset against that? Monthly fee?
 
I've asked EE about the possibility of having separate portfolios - specifically trading as opposed to long term portfolios to keep things separate and intentions defensible but for now that is not possible. Short of opening another account completely, it is not possible right now.
 
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