Online platform simplifies stock investing
Sign-up is quick, easy and free, and allows you access to a wide variety of articles, guides and information to help you navigate the complicated and complex world of investing in the stock market.
However, you do not have to sign-up to access all of the information. Some of the articles and information are accessible to non-members as well.
The online platform was started by CEO Annabel Dallamore, who previously ran the equity options market at the Johannesburg Stock Exchange (JSE).
Dallamore said: “At Stock Shop we believe that the South African market should be accessible to everyone. We want to help spread the benefits of investing and saving in South Africa. We have to change from a credit culture to a savings and investment culture. If you want to invest your money responsibly, Stock Shop can help educate and inform you about the stock market as well as present the products and services available. It can help you learn more so you make well-informed decisions.”
The website provides access to various education tools, products and services, and trading tools. “The Stock Shop facilitates the interaction between retail investors and the product and service providers,” explained the company.
Tools to get you started
For those who do not have any, or very little, experience with investing on the stock exchange, Stock Shop provides a range of beginner’s guides from a variety of sources, including IronFX, PSG Online, Khan Academy, Moneyweb, the JSE and Standard Bank.
There is also the Stock Shop Academy, which allows user to complete a number of online courses to better help them understand the stock market and how it functions. At present all of the courses on offer are free.
Once you are ready to start trading, there are various tools available to assist you. These tools include: charting tools, data providers, commodity trading platforms, forex trading platforms, personal trading tools, online share trading, and trading calculators.
Stock Shop also has an invest section, which provides users with a variety of investment options, from selecting an asset manager to choosing bespoke (customised) solution.
For those wanting to keep up-to-date with what is happening on the markets, Stock Shop also offers a Daily News service, which provides easy-to-understand information on what has been happening on the stock market.
Stock Shop explained: “[The Stock Shop Daily News is] a news service which offers new-to-the-market readers updates on financial news, tips and demystifies important financial concepts.”
Featured What are the three phases of money laundering?
Money laundering seems like the kind of thing that’s only a concern in blockbuster films. However, South Africa is, in fact, considered a hotspot for money laundering. So, what does this actually entail, and what are the consequences of this illicit practice?
Asset repossession: What banks want you to know
When you’re facing financial strain, it can be difficult to keep up with your debt. Unfortunately, if you refrain from paying your debt, your creditors have the right to take legal action against you. This includes repossessing your assets. But before you hand them over, here’s what you should know.
How to spend a lumpsum for great returns
Imagine you win the lotto. Anyone in this position would be ecstatic! But once your excitement settles down, you’ll have to consider what’s the best thing to do with this money.
How to identify an investment scam
Many people invest a lot of money for their future and that of their offspring. Unfortunately, some of them never reap the benefits because the investments were scams. Luckily, there are ways you can find out if an investment opportunity is too good to be true.
Get 50% off your friend’s treatment at Mangwanani Spa
Price: from R250
When: Until 30 August
Where: KZN and JHB
Telkom LTE lockdown Deal
Price: R369 per month
When: Until 31 August 2020
Save up to 20% on your car insurance with MiWay
Price: Available on request