Streaming issues? Report here
Aubrey Masango 1500 x 1500 2020 Aubrey Masango 1500 x 1500 2020
The Aubrey Masango Show
20:00 - 00:00
volume_up
volume_mute

The Aubrey Masango Show
20:00 - 00:00
Home
arrow_forward
MyMoney Online

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

13 January 2021 3:04 PM

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].




13 January 2021 3:04 PM

More from MyMoney Online

Buy new sneakers (or whatever), take them home – if you can afford 3rd of price

15 February 2021 7:07 PM

Zero-interest shopping loans are disrupting lay-bys. The Money Show’s Bruce Whitfield interviews PayJustNow CEO Craig Newborn.

Share this:
Read More arrow_forward

Is the longest bull market in history back?

2 February 2021 2:39 PM

"South Africa might just surprise to the upside," says Quintus Kilbourn, Head of Equities: Absa Corporate and Investment Banking.

Share this:
Read More arrow_forward

[EXPLAINER] Tax Free Savings Accounts vs Retirement Annuities 101

2 February 2021 1:51 PM

"Both are long-term savings vehicles with certain tax advantages," explains Michael Kirkpatrick of Alexander Forbes.

Share this:
Read More arrow_forward

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