EasyEquities - USD Real Account

[mogiletsiZA]

EasyEquities has launched their "Real USD" trading platform.

Deposits, in USD, are made using SWIFT for payments made from SA bank accounts.

of note is the available companies - Only a fraction of the market is offered for buying, approx 250 companies.

For ETFs, there are only iShares (BlackRock) ETFs available.

Nevertheless, this is a start

 

[Creag]

Biz News did a webinar on this which may be of interest if you can find it. Sounds like a good opportunity.

 

[Adrianax]

Wish they would have allowed Paypal payments. I'd rather keep funding my eToro account and buy there.

 

[Thor]

Ishares is a start

 

[JayM]

If you're going to go through the hassle of forex, just get an Interactive Brokers account.

 

[Tosser]

If you're going to go through the hassle of forex, just get an Interactive Brokers account.

Would be much appreciated if you could share more about this?

 

[silkenphoenixx]

Would be much appreciated if you could share more about this?

All the banks have them - Standard Bank's is called Webtrader, FNB's is called Global Trader. They're more sophisticated than EasyEquities and have access to a lot wider range of shares, ETFs, and even the ability to set buy / sell prices and what have you. Slightly higher fees but only slightly.

The flip side of that is that you really need to know what you're doing. I have a fair amount of EE experience but the 2-week demo of FNB's Global Trader really confused me at first and by the end of the 2 weeks I had only a vague idea what I was doing.

 

[HavocXphere]

Would be much appreciated if you could share more about this?

It's a US trading platform.

Main catch is that you need 10k USD minimum

 

[Thor]

It's a US trading platform.

Main catch is that you need 10k USD minimum

Hello bitcoin

 

[HavocXphere]

Hello bitcoin

Do you just randomly mention bitcoin in threads hoping that it's relevant by chance?

 

[silkenphoenixx]

Does anyone know of an ETF which is focused on tech stocks like your Apple, Facebook, Amazon, AMD, Google, etc? I'm too lazy to buy individual stocks myself but I want to get some exposure to that sector.

I know there is a Nasdaq Biotechnology ETF but I've gone through the list and I don't see any tech-specific ones.

 

[Eti1]

Does anyone know of an ETF which is focused on tech stocks like your Apple, Facebook, Amazon, AMD, Google, etc? I'm too lazy to buy individual stocks myself but I want to get some exposure to that sector.

I know there is a Nasdaq Biotechnology ETF but I've gone through the list and I don't see any tech-specific ones.

Not really answering your question and you may be set on properly going offshore, but have you checked out Sygnia's 4th Industrial Revolution Unit Trust Fund? Fees aren't great but the performance so far is decent. I read/heard that it's going to be converted into an ETF.

 

[silkenphoenixx]

Not really answering your question and you may be set on properly going offshore, but have you checked out Sygnia's 4th Industrial Revolution Unit Trust Fund? Fees aren't great but the performance so far is decent. I read/heard that it's going to be converted into an ETF.

I kind of wanted to go properly offshore. Sygnia's fund would probably be exactly what I wanted, if it were an ETF it would be great. I don't really want to go to the trouble of signing up a whole 'nother investment account though, I like the ability to be able to rebalance semi-annually or so within the same platform. I have international aspirations too, which is why I wanted to invest in USD.

 

[Creag]

Do you just randomly mention bitcoin in threads hoping that it's relevant by chance?

Bitcoin is also a dangerous recommendation. Far too volatile. If I had the minimum US$ 10,000 they prescribe, this would be a fantastic opportunity to spread investment exposure.

 

[HavocXphere]

Bitcoin is also a dangerous recommendation. Far too volatile. If I had the minimum US$ 10,000 they prescribe, this would be a fantastic opportunity to spread investment exposure.

Yeah it is a bit steep. Had to wait a couple months to accumulate the coin too.

Maybe look at IG - covers the major markets too & no nasty minimums.

US, Ireland, Germany, Netherlands, Belgium, Austria, Australia, UK

Much higher fees than EE though so it's a tradeoff

 

[FrankieK]

Does anyone know of an ETF which is focused on tech stocks like your Apple, Facebook, Amazon, AMD, Google, etc? I'm too lazy to buy individual stocks myself but I want to get some exposure to that sector.

I know there is a Nasdaq Biotechnology ETF but I've gone through the list and I don't see any tech-specific ones.

Technology Select Sector SPDR Fund. Expense Ratio 0.14%

http://etfdb.com/etf/XLK/

 

[Adrianax]

If you're going to go through the hassle of forex, just get an Interactive Brokers account.

Totally agreed. Nice thing about Interactive Brokers is that the world's stockmarkets are your playground. I have an account with them which I opened about 9 years ago. I have had phenomenal growth. I had my pension money paid over to them as well, and growth is much better than it was for 20 years here in SA. This is my retirement nest egg. They deal with it and grow it for me.

But, the money I am generating now I would like to play with, whether I lose it or not. I want to take my own risks. I do not want to send it to them as well.

 

[Scooby_Doo]

If you're going to go through the hassle of forex, just get an Interactive Brokers account.

Totally agreed. Nice thing about Interactive Brokers is that the world's stockmarkets are your playground. I have an account with them which I opened about 9 years ago. I have had phenomenal growth. I had my pension money paid over to them as well, and growth is much better than it was for 20 years here in SA. This is my retirement nest egg. They deal with it and grow it for me.

But, the money I am generating now I would like to play with, whether I lose it or not. I want to take my own risks. I do not want to send it to them as well.

Linky to which broker?

 

[Adrianax]

Linky to which broker?

www.interactivebrokers.com

 

[Scooby_Doo]

www.interactivebrokers.com

This looks interesting:

Stock Yield Enhancement Program
https://www.interactivebrokers.com/en/index.php?f=14527#sf_stockYield

Earn extra income on the fully-paid shares of stock held in your account by joining IB's Stock Yield Enhancement Program. This plan allows IB to borrow shares from you in exchange for cash collateral, and then lend the shares to traders who want to sell them short and are willing to pay interest to borrow them. Each day that your stock is on loan, you will be paid interest on the cash collateral posted to your account for the loan based on market rates.

So I get growth on my shares, dividends and someone pays me to borrow them.

Dear god.