Your low-cost route to the stock mar­ket

Weekend Argus (Saturday Edition) - - GOODPOSTER -

In­vest­ing on the JSE has never been eas­ier or more in­ex­pen­sive, thanks to on­line trad­ing plat­forms and the sup­port they pro­vide for new di­rect in­vestors.

Al­though trad­ing as an in­di­vid­ual is not for ev­ery­one, the ad­van­tages are sig­nif­i­cant: con­ve­nience, ac­cess to real-time in­for­ma­tion, the abil­ity to ac­cess your on­line ac­count at any time and (usu­ally) re­duced costs.

In the lat­est is­sue of Per­sonal Fi­nance mag­a­zine (vol­ume 56, third-quar­ter 2013), we ex­plore the pros and cons of us­ing on­line stock­bro­kers and com­pare the ser­vices, in­for­ma­tion and cost­ef­fi­cien­cies of­fered by 12 web­sites.

And if you, like many peo­ple, use on­line stock­bro­kers to in­vest in ex­change traded prod­ucts, don’t take for granted that the costs will be lower than they would be for pas­sively man­aged unit trust funds. This is the com­mon per­cep­tion, but the re­al­ity is that there are dif­fer­ent lev­els of costs, and track­ing an in­dex is not an ex­act science.

Also not to be missed in this is­sue of Per­sonal Fi­nance:

Debt coun­selling: 10 things you should know be­fore you ap­ply.

Med­i­cal schemes: new pri­or­i­ties for man­aged care pro­grammes.

The art mar­ket: more mys­tery and per­cep­tion than facts and fig­ures?

Body cor­po­rate funds: could yours be bet­ter pro­tected from fraud and theft?

Con­veyanc­ing: step by step through the le­gal process of reg­is­ter­ing prop­erty own­er­ship ... plus our columnists, let­ters, books and our in­dis­pens­able Data­bank.

Don’t miss the new is­sue, on sale now for R29.95 at book­shops and re­tail out­lets na­tion­wide.

Subscribe and save: Have the mag­a­zine de­liv­ered to your door for 20 per­cent less than the cover price if you subscribe for two years (R192 for eight is­sues) and 15 per­cent less than the cover price if you subscribe for one year (R102 for four is­sues).

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