How to buy your very first share – even if you have mere cents to invest
How much money do you need to start investing?
A lot of companies have minimum amounts that are prohibitive for investors of small sums of money.
One company that makes investing accessible is EasyEquities.
It has no minimum investment amounts and claims to have the lowest fees in South Africa.
Minimums exclude about 95% of the market. We needed to abandon them…Charles Savage, CEO - Purple Group Limited
You’ve got to invest a minimum of 15% of your income… if you’re in your 20s… If you’re old, then 15% won’t cut it… The longer you’ve got the less you need. Compound interest will deliver extraordinary results over time…Charles Savage, CEO - Purple Group Limited
The key to getting started is to get started! … If you don’t understand anything… make a small investment… as you learn more, you can ratchet it up…Charles Savage, CEO - Purple Group Limited
You can buy R1 of a stock [on EasyEquities]. The minimum is one cent! … R5 is half the price of a Coke! …Charles Savage, CEO - Purple Group Limited
My youngest daughter is 12. She started investing using EasyEquities when she was 6… She talks intelligently about investing and the stocks she owns… She owns R5 or this and R10 of that… These kids are going to be wealthy beyond their wildest dreams!Charles Savage, CEO - Purple Group Limited
My kids are savers, not spenders. In fact, they’re investors… When they get R10, they’re thinking about how to invest half of it…Charles Savage, CEO - Purple Group Limited
For more detail, listen to the interview in the audio below [skip to 8:32 for specifics about EasyEquities].
Source : https://pixabay.com/photos/money-profit-finance-business-2696228/
Naked co-founder Ernest North shares five money-saving tips to stretch your rands further than you ever imagined possible.Read More
Zero-interest shopping loans are disrupting lay-bys. The Money Show’s Bruce Whitfield interviews PayJustNow CEO Craig Newborn.Read More
"South Africa might just surprise to the upside," says Quintus Kilbourn, Head of Equities: Absa Corporate and Investment Banking.Read More
"Both are long-term savings vehicles with certain tax advantages," explains Michael Kirkpatrick of Alexander Forbes.Read More
"Eskom says prices are 30% too low," says Chris Yelland. "And it wants to charge more for generating solar power as disincentive."Read More
Sars’ news web browser is "very dangerous" and "opens up all sorts of security risks", warns Sam Wright (Tech Girl ZA).Read More
For R397 per month, you get unlimited GP visits and unlimited medication. You also get basic radiology, pathology, dentistry...Read More
The economy is old, mouldy toast. Bianca de Beer of Dialdirect Insurance shares 11 driving tips to help you make ends meet.Read More
An economist expects China growth at 9.5%, US money-printing, rising metal prices and trade- and current-account surpluses in SA.Read More
Bruce Whitfield asks personal finance advisor Warren Ingram to explain in detail the new laws affecting provident funds.Read More