Trading shares on the Johannesburg Stock Exchange (JSE) is by no means a get rich quick scheme. In order to make money from your shares and ensure that they don’t cost you, you need steady emotions, research and a plan.
Especially as a new investor with little knowledge, you’re better off using a full-service stockbroker, with an online platform as a back-up. Enabling you to check on your investments daily or regularly and improve your knowledge.
Whether you’re investing or buying shares there are many great products to get you started including these online trading platforms for beginners.
First National Bank (FNB) Share Builder
Offers a minimum monthly investment of R300 and it’s for those with less than R5 000 to invest on a regular basis. It allows you to invest in 23 top South African companies and this helps narrow down the decision on which shares to buy first. This is a great way to start building up a share portfolio.
For an investor who’s not quite ready to make their own share selection, FNB introduced the Share Saver, which allows investors to invest in exchanged traded funds with a monthly debit order starting at R300 per month.
Standard Bank’s Auto Share Invest
Allows monthly investments of R500 or more monthly debit order and it’s for individuals who are just starting out and are still building their portfolios. It offers its clients free educational seminars including a “Getting started in shares” presentation.
Sanlam iTrade is the online share-trading platform of Sanlam Private Investments. Sanlam iTrade is a full-service online stockbroker with a learning centre both for beginners and serious analysts.
Online education and interactive training courses are available to empower investors to manage their own investments successfully. A Virtual Trade Simulator is available where you can learn to trade with a fictitious share portfolio.
PSG Online educates their clients through free online tutorials. They also offer a 30-day free trial whereby clients have access to the trading simulator, research tools and watch lists. This enables learning risk free. Thereafter, the client registers and continues until they’ve enough confidence to start trading with their own capital.
It’s for new comers those who’ve never invested before as the name suggests the platform provides easy step by step guides. It’s simple to open the account. You don’t need to know about bid offer spreads, or be worried about putting in a price in Rand.