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 How to protect yourself from financial fraud
Financial fraud is prevalent in South Africa, as it is globally. According to the South African Banking Risk Information Centre (SABRIC), cybercrime, in particular, is becoming even more common than ‘traditional’ bank crimes. In 2019, some R284.4 million was stolen via digital means, an 8% increase from 2018, while credit card fraud accounted for R37.2 million.
How to improve your credit score
Regardless of your situation, there are always steps you can take to improve your credit score. In this article, we’ll show you how you can achieve this with some planning and discipline.
Why are there different credit bureaus in South Africa?
You have probably heard about the larger credit bureaus in South Africa, such as Experian and TransUnion. But did you know that there are many more registered credit bureaus in the country?
Colosseum Deluxe Holiday Special
Price: From R900
When: Until 30 September 2020
Where: Cape Town
Pure Day Spa Mother’s Day Special
When: Until 09 May 2021
Where: Cape Town
The 41 Tuesday Specials
Price: Available on request
Where: Cape Town