Streaming issues? Report here
Refiloe Mpakanyane 1500 x 1500 2020 Refiloe Mpakanyane 1500 x 1500 2020
Weekend Breakfast with Refiloe Mpakanyane
06:00 - 10:00
volume_up
volume_mute

Up Next: Soulful Sundays with Kenny Maistry
See full line-up
Weekend Breakfast with Refiloe Mpakanyane
06:00 - 10:00
Home
arrow_forward
Business
fiber_manual_record
Lifestyle

How to buy your very first share – even if you have mere cents to invest

13 January 2021 3:04 PM
Tags:
The Money Show
Stocks
Bruce Whitfield
Shares
Personal finance
investing
investments
fees
investment fees
equities
easyequities
small investor
Charles Savage
small investors
Purple Group

You can buy R1 (or even one cent) worth of shares. "The key to getting started is to get started," says Charles Savage.

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.

pixabay.com

Related articles:


The Money Show’s Bruce Whitfield interviewed Charles Savage, CEO at Purple Group Limited, owner of EasyEquities.

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].


This article first appeared on CapeTalk : How to buy your very first share – even if you have mere cents to invest




13 January 2021 3:04 PM
Tags:
The Money Show
Stocks
Bruce Whitfield
Shares
Personal finance
investing
investments
fees
investment fees
equities
easyequities
small investor
Charles Savage
small investors
Purple Group

More from MyMoney Online

Economy in 2021: 'Expect a better year for South African assets'

15 January 2021 3:02 PM

An economist expects China growth at 9.5%, US money-printing, rising metal prices and trade- and current-account surpluses in SA.

Share this:
Read More arrow_forward

Retirement funds in SA are changing – new laws come into effect on 1 March 2021

15 January 2021 1:23 PM

Bruce Whitfield asks personal finance advisor Warren Ingram to explain in detail the new laws affecting provident funds.

Share this:
Read More arrow_forward

Buying a new car may be possible – even if you can’t afford the monthly payments

13 January 2021 10:49 AM

Need new wheels? WesBank’s Lebogang Goaaketse discusses a popular method for making repayments more affordable.

Share this:
Read More arrow_forward

Buy hugely discounted properties (up to 70% off) on auction right now

11 January 2021 7:23 PM

Distressed properties on auction are going for a song. Bruce Whitfield interviews property economist Francois Viruly.

Share this:
Read More arrow_forward

Free Covid-19 vaccine for all medical aid members – Discovery CEO

6 January 2021 9:01 AM

"It’s mandatory for medical schemes to pay for for the Covid-19 vaccine," says Dr Ryan Noach, CEO at Discovery Health.

Share this:
Read More arrow_forward

Vaccine optimism is priced in – asset manager

7 December 2020 7:48 PM

Investors are getting ahead of themselves, warns Pieter Hundersmarck, a fund manager at Flagship Asset Management.

Share this:
Read More arrow_forward

Need new wheels? Car subscriptions at a monthly fee have arrived in South Africa

7 December 2020 7:21 PM

Bruce Whitfield interviews Tinashe Ruzane of FlexClub, where you can choose from a variety of car subscriptions for a monthly fee.

Share this:
Read More arrow_forward

Naspers-owned Prosus (owner of Tencent) starts JSE's largest share buyback ever

23 November 2020 7:35 PM

The Money Show’s Bruce Whitfield interviews Basil Sgourdos, CFO at Naspers.

Share this:
Read More arrow_forward

Pepkor Holdings profits fall 34% but gains 'significant' market share

23 November 2020 7:28 PM

The Money Show’s Bruce Whitfield interviews Leon Lourens, CEO at Pepkor Holdings.

Share this:
Read More arrow_forward

Netcare profits hit by Covid-19. Embarks on a job preservation strategy

23 November 2020 7:05 PM

The Money Show’s Bruce Whitfield interviews Dr Richard Friedland, CEO at Netcare.

Share this:
Read More arrow_forward

More from The Science Of ...

Car insurance from R180 per month – and you don’t pay if you don’t drive

30 June 2020 8:03 PM

Meet Alex Thomson of Naked Insurance, a high-tech company with vastly lower operating costs than most traditional insurers.

Share this:
Read More arrow_forward

How Stellenbosch became a breeding ground for Afrikaner billionaire businessmen

26 September 2019 1:23 PM

The Money Show's Bruce Whitfield interviews Pieter du Toit, author of "The Stellenbosch Mafia: Inside the Billionaires' Club".

Share this:
Read More arrow_forward

Unsure where you stand on NHI? Experts slug it out in an emotional debate…

27 August 2019 8:22 PM

The Money Show's Bruce Whitfield hosts a debate on NHI between Paul Theron (Vestact) and Russell Rensburg (Wits).

Share this:
Read More arrow_forward

How to quit your job so you can follow your dream

11 July 2019 6:58 PM

Ever dreamt of just doing it? You may want a few pointers from someone who did. Meet Callan Williamson of Tortilla Modern Mexican.

Share this:
Read More arrow_forward

This fund (SA SME Fund) worth R1.2 billion wants to help black businesses grow

2 July 2019 8:21 PM

The Money Show’s Bruce Whitfield interviews Ketso Gordhan, CEO at SA SME Fund.

Share this:
Read More arrow_forward

Happy 100th birthday, Landbouweekblad!

11 June 2019 8:07 PM

Bruce Whitfield interviews Chris Burgess, Editor-in-chief at Landbouweekblad, South Africa’s legendary magazine about farming.

Share this:
Read More arrow_forward

The story of Marcel’s 'better than sex' frozen yoghurt

14 May 2019 8:07 PM

The Money Show’s Bruce Whitfield interviews Nicole Westwig, Managing Director at Marcel's.

Share this:
Read More arrow_forward

How to stop them from stealing your idea (by Ubuntu Baba's lawyer)

7 May 2019 8:05 PM

The Money Show’s Bruce Whitfield interviews Andrew Papadopoulos, Trade Mark Attorney at KISCH IP.

Share this:
Read More arrow_forward

Missing Image Placeholder

Take a look inside BMW South Africa’s high-tech X3 producing factory

30 April 2019 7:55 PM

The Rosslyn plant makes 15 BMW X3 SUVs per hour for export around the world. Bruce Whitfield interviews BMW SA's, Tim Abbott.

Share this:
Read More arrow_forward

Robots made in our image are requiring less and less human intervention to learn

16 April 2019 8:11 PM

The Money Show’s Bruce Whitfield interviews Jared Molko, a former employee at Google.

Share this:
Read More arrow_forward

More from Personal Finance with Warren Ingram

Economy in 2021: 'Expect a better year for South African assets'

15 January 2021 3:02 PM

An economist expects China growth at 9.5%, US money-printing, rising metal prices and trade- and current-account surpluses in SA.

Share this:
Read More arrow_forward

Retirement funds in SA are changing – new laws come into effect on 1 March 2021

15 January 2021 1:23 PM

Bruce Whitfield asks personal finance advisor Warren Ingram to explain in detail the new laws affecting provident funds.

Share this:
Read More arrow_forward

Buying a new car may be possible – even if you can’t afford the monthly payments

13 January 2021 10:49 AM

Need new wheels? WesBank’s Lebogang Goaaketse discusses a popular method for making repayments more affordable.

Share this:
Read More arrow_forward

Make your retirement savings last longer

13 November 2020 11:34 AM

Personal finance advisor Warren Ingram on ensuring you don’t run out of money before you run out of life.

Share this:
Read More arrow_forward

Yes, money can 'buy' you happiness! But invest in experiences, not things

29 October 2020 8:43 PM

There's also a magic number beyond which more money doesn't equate to more happiness, says personal finance guru Warren Ingram.

Share this:
Read More arrow_forward

'Don't overspend on a car purchase - smaller and cheaper equals better value!'

17 September 2020 9:12 PM

Low interest rates and plenty of deals on offer - personal finance guru Warren Ingram points out the pitfalls on The Money Show.

Share this:
Read More arrow_forward

Stressed out? Playing for time when you have a home loan but no income

2 September 2020 7:12 PM

Warren Ingram explores the options, focusing on case study of guest house owner whose investments equal outstanding bond amount.

Share this:
Read More arrow_forward

Feel you've missed the money boat? Don't fall into the FOMO investment trap!

13 August 2020 8:43 PM

Bruce Whitfield and personal finance expert Warren Ingram get to grips with why perhaps you shouldn't, if you didn't...

Share this:
Read More arrow_forward

What does the contentious Regulation 28 mean for your retirement funds?

30 July 2020 8:23 PM

On The Money Show, finance expert Warren Ingram explains why he believes the pros of the regulation outweigh the cons.

Share this:
Read More arrow_forward

Supersaver Julia has changed lives, and she can change yours! – Bruce Whitfield

9 July 2020 3:00 PM

Need the inspiration to save? The Money Show’s Bruce Whitfield interviews “Supersaver Julia” at around 7:15 pm tonight.

Share this:
Read More arrow_forward