It’s been five years since my investment journey started with EasyEquities, the low-cost, high-touch investment platform that’s taken SA by storm. My favourite feature of the platform is the tax-free savings account (TFSA)… for two reasons. 1. I don’t pay tax on my profits and 2. I actually make profits.
In truth I am rubbish at picking stocks. I have 14 stocks in my portfolio. Two of them are showing green – Kumba Iron Ore and Purple Group (EasyEquities’ holding company). The other 12 are in the red, at an average loss of around 50%. On balance my equity portfolio is running at a 15% loss over five years. So I am seriously not the guy to ask for stock tips.
I am very good at picking ETFs, though, which mostly sit in my TFSA. Coincidentally, I also have stakes in 14 ETFs. Six are red and eight are green. In total I have made a 19% profit on my TFSA, which is very satisfying.
Turns out the EasyEquities TFSA is not just my darling. It’s been voted top TFSA in the Intellidex Top Stockbroker Awards, by investors, for five years in a row! In fact, EasyEquities has featured in the top of several Intellidex awards categories since it first participated in 2015.
The independent survey is completed by investors themselves and Intellidex offers one lucky participant a R10 000 cash prize, purely for filling in the survey.
The 2020 survey is well under way and open for all investors. If you’d like to participate, click here. Submissions close on 12 August. And if you haven’t yet discovered the joys of investing with EasyEquities, you can set up a new account here.
Here’s EasyEquities’ Shaun Keeling with more info: