March 20, 2017

Carel wants you to trade

As many of you know, I spend a lot of my time at the Purple Group. I am lucky enough to work not only on the EasyEquities brand (which has made investing fun, cheap and accessible to all – winning major awards in recognition of the democratisation of the stock exchange) and the Emperor Asset Management brand (check out the Cape Epic where Sibusiso Vilane, an Emperor brand ambassador, is riding with Emperor head of client engagement Justin Pearce – #legends) but also the Purple Group’s “first-born” – GT247.com.

Gt247.com is a trading platform and two years ago I knew very little about trading. What I did know is that it was scary, I’d lose my money and only very few people can seemingly make money, consistently, trading. What I have learnt as I have gotten more involved with GT247.com is this:

  • Anyone can trade – there are simulated (free) accounts
  • Trading is fun – you can apply what you hear around braai fires, read in the news, your gut and logic and take a view on whether a company will go up in value or down
  • Trading can be like gambling – and if you apply a gambler’s mentality, you WILL lose all your money. SO be smart!
  • Smart means – using the education tools available on sites such as gt247.com
  • Smart means being clear on what you want to do
  • Smart means starting small – and on GT247.com you can start very small
  • Talk to people and learn
  • Ignore the jargon – way too much of it. And challenge the okes who sprout forth this jargon nonsense – most of the time they have no idea what it means (a bit like when I started in HR!)

So, I am on a mission to spread the fun.

Below is a summary of how to get onto gt247.com – written by Joshua Nuttall – one f the passionate GT247.com team members. He, alongside a few others, have developed a cool app to replace this platform – but for now, before sexy app is here, check it out.

Joshua says:

How to get your trading journey started!

I am by no means a professional and haven’t been playing the markets for very long. However I have made a start and that is what counts. Getting into the trading universe can be rather daunting, but it shouldn’t be.

Yes, some may call it gambling, but there are key differences and the odds of you picking the correct side of the coin are far greater than a slot machine…they can even get as high as 70%. That’s significantly better than a 50-50 split wouldn’t you say?

Check out the step by step process of how to sign up for account below, if you struggle at all give the GT247.com team a call on +27 87 940 6108.

Step by step break down to sign up and get started with GT247

  • Visit GT247.com
  • Select a persona—it doesn’t have to be exactly like you, you can make changes as you go. The main reason we ask you to select a persona is so that we can capture your details for your client zone profile (which is where you will manage your accounts from).

  • Next step—Register for the products that you have selected. It’s a quick registration process that requires you to fill out a couple of details and create a username/password, remember that you need to 18 years or older to legally open a trading account.

  • Once you have registered you will receive an email asking you to confirm you email address, keep an eye out for the email in your inbox. Follow the link and confirm your email.

You are then set to log in to your client zone portal and manage your account.

To trade the markets with any trading platform, you are required to FICA your account. Not sure what FICA is or what documents are required? Check out the FAQ page. GT247.com is a Financial Services Provider and as such we are obligated to comply with the Financial Intelligence Centre Act, 38 of 2001 (FICA). We are therefore required to verify the identity of our clients, it’s part of the legislation.

If you an individual, here are the docs that we require from you:

  • Proof of Identification
  • Proof of Physical Residential Address
  • Proof of Tax Reference Number

Once you have the required documents pop them in an email and send them through to the GT247.com client relations team on newaccounts@gt247.com

Logged into your client zone. Use the tabs as navigation and find the banking details to fund your account under the deposits tab. Be sure to reference your ETF payment correctly so that you avoid details in the allocation of the funds into your account.

Okay, and if you need more, tweet us @gt_247 or drop Martin from our GT desk a line – mharris@purplegroup.co.za. Talking of Martin … he gave me a headsup on what most people were buying and selling last week …

  • Wall Street (aka Dow Jones)
  • DAX
  • SPX (S&P500)
  • JSE TOP 40
  • EUR/USD
  • Gold
  • Anglo American
  • Harmony Gold
  • Kumba Iron Ore
  • Naspers
  • Rockcastle Real Estate
  • Sappi

And when I say buy and sell – what you do when you trade is to say whether you think the share will go up or down. So, even if the share goes down, you can make money. It’s called going long or short – but before I get into Jargon – follow Joshua’s steps and get going! Happy trading!

Carel is an investor in people and businesses, believing that 1+1 = (at least) 22. Working with a few basic concepts – best encapsulated in his believe that unless we are dead, anything is possible – Carel aims to build long-term sustainable value with like-minded individuals and companies, while having (a lot of!) fun.