Investing in stocks, bonds, and other securities has never been easier than with EasyEquities. This simple guide explains the basics of how to get started investing with this online platform. From creating an account to evaluating your selections, learn how to leverage the opportunities that EasyEquities provides without paying broker fees.
1. Open an account:
The first step to starting to invest in EasyEquities is to open an account. You can do this on the official website or with the app. You will need some basic personal information as well as your banking details so you can make deposits and withdrawals.
2. Research & Invest:
Once your account is opened, you will be able to start researching the available investments, such as shares, exchange-traded funds (ETFs), commodities, and currencies. After that, you can begin investing by buying and selling shares based on their performance and risk factors to suit your investment goals.
3. Learn about dividend reinvestment:
Dividend reinvestment allows investors to benefit from the income generated by their investments without having to manually cash out those dividends when they are paid out. When dividends are re-invested, they will be automatically used to buy more shares of the same company or ETFs, which helps investors grow their investments over time with minimal effort.
4. Watch commissions & costs:
EasyEquities has a low commission rate of 0.25%, so it’s important for beginners to watch costs when trading, as these small expenses can add up quickly over time if not properly monitored! EasyEquities also offers an upfront fee of ZAR5 + VAT for every single trade, plus additional fees for international trades, ETFs and more depending on your investment strategy.
5. Start a portfolio tracker:
Tracking your portfolio’s progress is an essential part of smart investing with EasyEquities. By using the app’s portfolio tracker feature, you can easily monitor how each stock in your portfolio is performing at any given moment and adjust as necessary based on market conditions
6. Consider Roboadvisors:
If manual stock selection isn’t a good fit for you but you want to take advantage of investing through Easy Equities, consider taking advantage of what Roboadvisors like OOBA Investor have to offer .Robo advisors provide input into asset allocation and risk management that give investors insight while taking care of all the tedious activities involved by automating them according simples strategies and algorithms easy enough even for newbie investors to understand.
7. Utilize SLEF Service Investment Platforms:
Investors who want more control over their money without necessarily being required to constantly manage it should look into self service platforms like Stash Invest . Stash Invest allows users to select predetermined portfolios that best fit their goals, from beginner-level bronze plans all the way up to intricate gold portfolios. Stash also converts spare change from transactions into investments. With its user friendly mobile applications this platform simplifies DIY investing.
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