Easy Equities good or bad?

cr@zydude said:
*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.
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www.etfsa.co.za

ETP Information | ETFSA

ETFs, AMETFs, ETNs and AMCs - view all the Exchange-Traded Products that ETFSA gives you access to on a single platform.
www.etfsa.co.za www.etfsa.co.za
All you need to know is on this website
 
Are funds on EE insured (by default or opt-in), and how does their insurance/protection compare to other platforms?
 
My EasyEquities account has disappeared from my Discovery Bank profile, both on the app and website.

I logged in with my Crapitec bank acc where it showed and had to register again, and then it disappeared too.

Mara why and anyone else experienced this?

I can log onto their website directly and confirm both banks are linked.

I logged a support call with them, will have to wait.
 
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in south africa you don't need to consider clients...just make unilateral decisions...they will stay loyal...we can even deduct their TFSA even though it cant be refilled...idiots...
 
Can anyone do inter-account transfers with available funds?

Seems my EE platform has crashed and does not show the available amounts when wanting to do transfers.
 
rvZA said:
Can anyone do inter-account transfers with available funds?

Seems my EE platform has crashed and does not show the available amounts when wanting to do transfers.
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Yes, I did so on Friday afternoon - no problems.
 
potter123 said:
Yes, I did so on Friday afternoon - no problems.
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Thanks. I also managed to come right. I transferred funds from my bank to my ZAR EE account and they wanted me to clear it first in my EE account even though it showed available, paying a small fee before I could do an Inter-account transfer to my USD account. Was easy and fast to do. Was the first time this happened, because normally I would transfer funds to my EE account and it showed immediately and I could then transfer to USD. Never had to clear the funds first, but so one learns.
 
Wonder what is up in recent months with EE and all their system glitches that continues to appear and lingering for days on end before it somehow gets fixed just to break something else. Today again, no one can do inter-account transfers. Been like this the whole day and still not working. I know EE lost a lot of clients in recent months, but is it really that much that they no longer even notices no transactions? Contacted their support 20 minutes ago, they did not even know about it and will report it to Citi Bank.

Crazy, wonder if your funds are really safe and what will happen in the event of a collapse?
 
rvZA said:
Wonder what is up in recent months with EE and all their system glitches that continues to appear and lingering for days on end before it somehow gets fixed just to break something else. Today again, no one can do inter-account transfers. Been like this the whole day and still not working. I know EE lost a lot of clients in recent months, but is it really that much that they no longer even notices no transactions? Contacted their support 20 minutes ago, they did not even know about it and will report it to Citi Bank.

Crazy, wonder if your funds are really safe and what will happen in the event of a collapse?
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Strange. Ive done 3 transfers today. ZAR to dollar, ZAR to euro and ZAR to pound.
 
akescpt said:
I thought I said transfer and not withdraw?
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Transfer from EE TFSA to any EE account is transfer out of the TFSA wrapper (which is BAD). In short, you cant touch the money yourself in the EE TFSA account (if you want to keep to the R500 000 limit)

Hope it make sense
 
zerocool2009 said:
Transfer from EE TFSA to any EE account is transfer out of the TFSA wrapper (which is BAD). In short, you cant touch the money yourself in the EE TFSA account (if you want to keep to the R500 000 limit)

Hope it make sense
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why would you transfer from TFSA to a normal account..i thought its implied it would be to another TFSA provider...if i said withdrawing you can make that assumption...
 
akescpt said:
why would you transfer from TFSA to a normal account..i thought its implied it would be to another TFSA provider...if i said withdrawing you can make that assumption...
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I have a few friends who pulled the plug with TFSA's and moved it out (as in cashing it out)

I now looked at my statement (EE Normal), moving funds from normal EE to EE TFSA = withdraw.

1709882080527.png

Anyway, I do understand what you want to do, you want to move the TFSA to another provider
 
zerocool2009 said:
I have a few friends who pulled the plug with TFSA's and moved it out (as in cashing it out)

I now looked at my statement (EE Normal), moving funds from normal EE to EE TFSA = withdraw.

View attachment 1672769

Anyway, I do understand what you want to do, you want to move the TFSA to another provider
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what are these crazy people doing with that money?
 
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