Easy Equities good or bad?

I got this:

FWT nominee is approved by STRATE to hold equity on behalf of clients. Every other brokerage follows the same principal. The shares are in your name. We do not have access to your assets.

Regards
 
surface said:
Well, as per FAQs and moneyweb articles, it is a innovative trading platform where one can be a whole + fractional owner so it bound to be very strange considering this is not done before in SA (not sure about other countries). Also personally, I reckon there is certainly more risk than owning it outright the usual way but I invested in any case.
Click to expand...


The only innovative parts if the EE platform us the cheap/fair pricing and the fractional shares (which are EE products). Those should be kept in the ring fenced company, sure, but the whole shares ownership should be between you and the JSE. I dunno why the whole share ownership part is so different from other brokers (or I might be misunderstanding it).
 
Freaksta said:
I got this:

FWT nominee is approved by STRATE to hold equity on behalf of clients. Every other brokerage follows the same principal. The shares are in your name. We do not have access to your assets.

Regards
Click to expand...


Well that explains it a bit more. As long as your assets are truly untouchable if they should go bankrupt, sued or shut down then there is no real issue right?
 
Thats the way I understood it as well.

Still your asserts if anything goes wrong, they just don't go through the process for every little share to keep the costs down.
 
I've put in a few thousand to test it out and so have a few co-workers. We keep track using Google finance (use the Google stock screening to decide what to buy).

I think that because the shares are kept by the nominee company, trading actually could take place on their system. E.g using shares they already hold using live JSE data and then an ownership update in their system. Just guessing.
 
shooter_za said:
I've put in a few thousand to test it out and so have a few co-workers. We keep track using Google finance (use the Google stock screening to decide what to buy).

I think that because the shares are kept by the nominee company, trading actually could take place on their system. E.g using shares they already hold using live JSE data and then an ownership update in their system. Just guessing.
Click to expand...

Yeah, I think you might be on to something. So I have an account with FNB securities and have been testing EE as well. (Not really to move, but its nice to test some of the systems available)

Today as a test, I bought R200 worth of BBET40. According to their invoice, I paid 4951c per share, received 3.9992 shares.

I checked the trading volume and price on my FNB account now for BBET40, and there were no trades for that price today.
 
Ndanileka said:
Don't mean to derail the thread, I just have a noob question as a first time investor on EE.

How is dividend payment calculated - Example CML declares a dividend of 416c and I have held 400 shares 3 weeks prior to their LTD(Last Trading Day)?
Click to expand...

THink i am having a related question. Had my first divident payouts on MDC(Medclinic) ,and Coronation fund managers(CML) where they show the payout and then subtract a percentage. I own 134.6765 / 123.7093 shares respectively each.
assuming this is some kind of tax?
EE_first divident.jpg
Was always under the assumption it is pre-taxed...
 
Neo_X said:
ah ok. makes sense then. Pity their transaction records doesnt indicate exactly what the transactions is about :(
Click to expand...

Always surprises me of how most companies miss the simple stuff that can save them money/call center time
 
After using easyequities for a month, it looks like their buy offer is nearly always 2-4 rands more than last traded price. Is this where they pocket the difference when you buy?

e.g. for Pick n pay it shows ->
Last Traded Price R 51.80
You're selling @ the Bid R 50.50
You're buying @ the Offer R 54.00
 
surface said:
After using easyequities for a month, it looks like their buy offer is nearly always 2-4 rands more than last traded price. Is this where they pocket the difference when you buy?

e.g. for Pick n pay it shows ->
Last Traded Price R 51.80
You're selling @ the Bid R 50.50
You're buying @ the Offer R 54.00
Click to expand...

On Friday morning the figures for Atral where different. You're selling @ was something like R174.84 and You're buying @ was R158. Was tempted but don't understand what it all means.
 
czc said:
On Friday morning the figures for Atral where different. You're selling @ was something like R174.84 and You're buying @ was R158. Was tempted but don't understand what it all means.
Click to expand...

You mean Astral? on EE, it was like this on Friday. Where did you see 158? It did not go below 170 that day.

Last Traded Price R 173.59
You're selling @ the Bid R 174.30
You're buying @ the Offer R 175.48
 
My hyprop shares are worth 97c instead of R97. Hope that is a glitch somewhere. All other shares are ok. Weird, will have to see tomorrow.
 
i'm having another fun session , where i performed about 80+ trades on friday afternoon, and only received emails for the last 33.

shows that the shares updated on my overview though :/
awaiting feedback form support (probably tomorrow)
 
Neo_X said:
i'm having another fun session , where i performed about 80+ trades on friday afternoon, and only received emails for the last 33.

shows that the shares updated on my overview though :/
awaiting feedback form support (probably tomorrow)
Click to expand...

I figure if you are doing 80+ trades then Easy Equities isn't for you...purely from a lack of proper management tools for a portfolio that large.

Please tell me those weren't 80 trades at R50 each or some such?
 
SauRoNZA said:
I figure if you are doing 80+ trades then Easy Equities isn't for you...purely from a lack of proper management tools for a portfolio that large.

Please tell me those weren't 80 trades at R50 each or some such?
Click to expand...

hmmm yes have to admit managing the portfolio is a slep, but looking at the fee's i am saving, i will rather stick with them. this time around it was roughly R2000 per trade, but my monthly plan is about R150 each. basically building my own ETF, since easy equities is completely percentage based once off.

must admit i'm using the wrong word, as i am not trading as such, but more into the investing part, thus will be buying equal parts across all shares (partial shares allows this to go without problems)
 
Oh okay so you are just buying.

To be honest I would have put all of that into about 10 shares instead of 80.

More money in smaller pools to make money from and easier to keep an eye on.

But sounds like you don't mean to keep an eye and just keep buying.
 
You must log in or register to reply here.
Back
Top
Sign up to the MyBroadband newsletter
X