Do you wish to learn how to buy shares using the Capitec app? It’s something that a lot of South Africans have been looking to explore. Capitec currently has over 21 million customers. If you are one of them, you could be looking at the various investment options that are on offer at the bank. Buying shares can be both risky and rewarding. If this is the path that you wish to follow, you will be glad to know that you can do so right from the bank’s app.
How to buy shares through Capitec
The following is how to buy shares using the Capitec app;
- Log into the Capitec app
- Click on Explore
- Go to the Live better tab
- Click on EasyEquities
- Register for an EasyEquities account
- Fund your account
- You can now start investing
What types of shares can you buy
That’s how to buy shares using the Capitec app. The bank has made it easy for ordinary South Africans to buy and sell shares from the comfort of their homes by partnering with EasyEquities.
The great thing is that you can buy both local and international shares this way. It’s a good way of getting your money to grow, particularly for those that wish to stay in it for the long haul.
Why invest in shares
Buying shares is a great option for those looking to grow their money. But what are the benefits? We have already noted that buying and selling shares comes with a lot of potential gains. It also comes with a lot of potential pitfalls.
When you buy shares, you become part owner in a company. It means the fortunes of your investment will be greatly tied to the performance of the company in which you have invested. If the company falls on hard times, you could very well end up losing your money.
However, if it thrives, your money will grow. So, there are possible risks and rewards. Investing in shares is not something that you should do on a whim. Make sure that you understand the risks. Invest only if you are sure you will be able to recoup your investment or if you are will to take the chance.
Should you invest in a well performing company, you could very well end up getting dividends. These are payments that are given to shareholders at the end of each year. However, in the majority of cases, companies do not pay out dividends, so you can only recoup your investment through the sale of your shares.
In this article, we showed you how to buy shares using the Capitec app. It was noted that Capitec has partnered with EasyEquities to make it easy for ordinary people in South Africa to buy and sell shares. We noted that buying shares is great in that it gives you long term opportunities to grow your money.