Franc or Easy Equities | A detailed comparison you need to decide | Investing for beginners
ฝัง
- เผยแพร่เมื่อ 2 ต.ค. 2024
- #roadto2k #franc #easyequities
Hi!
South Africa has come a long way when it comes to easy ways for an ordinary citizen to invest, two of my favourite investment platforms are Fran app and EasyEquities. On this video I will be comparing the two platforms to help you decide.
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@nxumalojennifer
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I use both Franc and Easy Equities...and it's been fruitful
A year later and this content is still relevant to date. Thank you for sharing
Glad it was helpful!
“I’m not a financial advisor, I’m just jennifer” 😂this really sent me sis?! 🤣😂Thank you for the video, I’m influenced and have downloaded the franc app
😂😂😂 I have to say it before I get into problems. I hope you enjoy it, I am definitely enjoying it.
I think I’m a bit biased with Easy equities than Franc. I invested in SATRIX top 40 on both platforms, easy equities pays out dividends on this ETF but Franc doesn’t. But I guess like you said there should be an intention in investing in Franc. I just think for me, I chose franc just to diversify my portfolio. I think both should be explored.
Both definitely have to be explored, are you sure the Satrix top 40 gave you dividends bcs I also have it on EE but it does not. I get dividends from Satrix Div instead of top 40.
I do feel that Franc is more for someone who is not used to investing and saving and really wants to without thinking so much about it. Eventually one can graduate to EE when they understand how to pic assets and the market.
@@JennNxumalo yes I did get top 40 dividends yesterday. But it was from my TFSA account and not the ZAR account.
You’re definitely right! Maybe I could use the Franc investing as an “emergency fund” instead.
I heard about Franc from you, app downloaded already, reasy to invest soon. Thanks Jen for worthwhile financial content ❤🤗
Awesome! Excited for you 🤩
You should have your referral code. I was just signing up and it does say its optional but I thought it could give you credit as the person whom I learned about the investment app. Maybe they give financial credit as well, who knows.
Great suggestion, I will look into it and add it on the future videos 🥰🙏🏾
@@JennNxumalo 👌
The video I needed right at the time I am finishing setting up my intentional spending tracker spreadsheet. I have downloaded the app and put my first deposit. Everything will be automatic from my payday. I am so happy right now. Managing my money is the most relaxing thing to do.
Thank you so much for simplyifing for us.You have made it so much clear...Franc is the way to go.
🤗🤩🥰that’s great, I personally prefer Franc as well.
Me thinks you are brilliant 🤩 I hope you are thinking about a future in finances! I learned a lot in this one video only. Thanks Jen for introducing me to Franc, I am enjoying it!
🥰🥰🥰 thank you so much, I truly appreciate that. I was not but now I may, Franc is a genius app and I am happy you are enjoying it 😘😘🙏🏾.
You are a gem.i like you dont waste time with introductions and half bouncing around with excitement and all we want is to be educated.Thank you for explaining so well and not wasting time.
I appreciate that feedback 🤗🤩
Thank you Jenn for this video❤I specialy looked up gor this video as i am planning to start saving on Franc.
Hi doll, can't wait to watch this video, I can't wait to learn about FRANC! ✨
You might love it when you get into it 🥰.
I try to leave single stocks alone 😅, I'm honestly the laziest investor so ETFs and index funds are for me
Me too, I love that they are a safe way to investing.
@@JennNxumalo they really are
Absolutely loved this video babe.I also have both apps and use both but I love Franc more I wish they had a TFSA.I opened a TFSA for my daughter on easy equities and it was a job and a half😭
Thank you so much 🥰🥰, I also wish they did. Maybe over time as they grow they might introduce it.
Please I'm shouting for help I've invested with frank R5000 this month as big purchase into the allan market which is considered to be safer but is saying -5050-(100%) I've lost all my capital please help me find how has that happen in short space of a week all my capital gone
It means you did not specify your investment strategy. It’s impossible to loose your principal investment unless you withdraw when the market is down. You must go on your account, on the orange box click EDIT, choose edit investment strategy, then scroll till you get go custom, move the green thing till it give you 100% on money market.
Thumbs up 👍🏾 for this video
Thank you 🙏🏾
You such a good teacher ❤️❤️❤️🙌
☺️🥰 thank you 😊
I feel the same way about both platforms but I do absolutely love Easy Equity just as much. 🥂 To creating and protecting generational wealth.
Great content Jennifer 💚🌻
Cheers 🥂 to creating generational wealth 🤗
Is Franc investment for Southafrica only or other countries?
I am not completely sure but I know they need an SA ID.
For foreigners too. You must have your passport and residence permit details.
Beautiful break down
Great to hear 🤩
Thank you for this informative video, i did not know that another investment app existed. I do have an easy equities app but my shares are not doing well. I am signiging up now with Franc.
It’s a fairly new app but worth having for sure.
Thank you I learnt something today. Let me go and download the app. 🙏🏾🙏🏾🙏🏾
Yeyyyyy, I hope you enjoy it 🙌🏿💐
Hi Jen ,thank you for i didn't know about franc app I'm going to try it 😍😍😍
Hi! Slie, it is a very interesting app and easy to use, do try it indeed 🥰🥰
Please also when u have time please do a dedicated video on franc 🙏
Jen i would like to start Frank and Easy Equity
Hi I heard you speaking about investing for a child especially education. Myself I do have education in one of the biggest insurance. Like what's I like to know is that . Is this the right platform for future benefits. Please help .
I will be posting a video on where I am now investing for my daughter’s education. If you are okay with how the fund is going keep it there but check on it every year to see how its growing.
@@JennNxumalo ohk let me know or I must subscribe the page again in order to... Get the actual part.. thank you
Thank you for this
Thank you too 🙏🏾
Hi. I'm from Namibia. Do you know if we Namibians can use the Franc app?
Yes, you can open a Franc account, you need to have a SA based bank account to be able to pay into the bank Franc uses (Nedbank) when making your deposits.
@@JennNxumalo hi. Yes after i watched your video I got so excited. Unfortunately it would be impossible to open a bank account that side 😭 but it's such a beautiful investment platform. Wish it were easier or possible for us. Thanks hun
You can be a brilliant teacher Queen 😉
I think so too, I want to retire in academia 😅
Very informative video. I have 1 question, how long does it take for your money (after making the deposit) to reflect on the franca pp
If you do the payment option on the app it is immediate. If you do a stop order with your bank it can take up to 3days.
hey with franc can you withdraw anytime or you have to reach your goal first
Hi! Yes, you can definitely withdraw anytime and there are no penalties. I have made a withdrawal on my Emergency fund and because it was the first time there were no charges.
Hi Jen, im interested to know the difference in charges between the two
I have just downloaded the Franc app, and i have a question. How do we add more goals? So far i have a retirement goal 🙂
Hi! You can only have one goal on an account.
Aaaah ok thank you
Do I need:
1. to be South African and/or
2. to have a South African bank account
To use this platform?
I do know that it is open to other parts of Africa but please send them a DM on Instagram or an email they are very good at responding. Last I checked they did say you need a SA bank account. But confirm with them.
Can i invest any amount or there's certain amount must i invest in?
You can invest any money you have, there are no rules as to how much you can start with.
@@JennNxumalo ❤️
Hi Jenny. Does franc offer crypto currency?
Hi! Emily, no it does not have Crypto.
@@JennNxumalo thank you
Hey Jennifer, I also love the Franc app. I chose the emergency fund but now I also want to invest in the property goal through Franc.
My question is,
Does franc make it possible for me to save/invest with two goals using one app?
Or do I have to download another app, have one for emergency and one for properly?
I also had that question, I will try to find out more information in the app from Franc team. But it does not look like you can have more than one goal in one profile. I also do not know if you can create multiple accounts besides dependants. I will try to get more info and put together a video once I have reliable answers.
@@JennNxumalo Thank you so much for replying 🙏❤️
I also want to add more goal but I can't,I have browsed so much through the app but I couldn't add another goal.
Hi Jen you are such a good teacher I can't wait for a video how to invest on Franc I think I will go with it ❤ thank you so much 👏