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/
Are you one of Pick n Pay’s 8.5m Smart Shopper card users? Spend your points or lose them, says the retailer's John Bradshaw.Read More
The Money Show’s Bruce Whitfield asks Paul Theron (MD at Vestact Asset Management) for an analysis of Berkshire Hathaway's AGM.Read More
Perfection is your enemy, and habits are your friends, says serial entrepreneur and side hustle coach Nic Haralambous.Read More
"Impact investment – a growing trend around the world - is values-based," says Ryan McFadyen.Read More
Does it make financial sense to buy an electric car? The Money Show’s Bruce Whitfield interviews car expert Warren Tucker.Read More
The Money Show’s Bruce Whitfield interviews personal finance expert Warren Ingram (Galileo Capital).Read More
Considering a car loan? You may want to think again. Africa Melane interviews financial planner Gerald Mwandiambira.Read More
Cell C has an LTE plan which is primarily intended for home use but works perfectly in a phone, says Jan Vermeulen of MyBroadband.Read More
"You are definitely covered for fire," says Christelle Colman (Old Mutual Insure). "When the evacuation calls come; just go!"Read More
Personal finance advisor Warren Ingram on how to save and invest for your child’s future education.Read More