Below is How To Buy Stocks In South Africa
The easiest way to buy stocks is through an online stockbroker. After opening and funding your account, you can buy stocks through the broker’s website in a matter of minutes. Other options include using a full-service stockbroker or buying stock directly from the company.
Buying stocks isn’t as complicated as it seems, but you’ll need to do some research — and learn the lingo — before you make your first investment.
STEPS
To buy stocks, you’ll first need a brokerage account, which you can set up in about 15 minutes. Then, once you’ve added money to the account, you can follow the steps below to find, select and invest in individual companies.
It may seem confusing at first, but buying stocks is really pretty straightforward. Here are five steps to help you buy your first stock:
Select an online stockbroker
The easiest way to buy stocks is through an online stockbroker. After opening and funding your account, you can buy stocks through the broker’s website in a matter of minutes. Other options include using a full-service stockbroker or buying stock directly from the company.
Opening an online brokerage account is as easy as setting up a bank account: You complete an account application, provide proof of identification, and choose whether you want to fund the account by mailing a check or transferring funds electronically.
How do you find a broker? Compare options among the best brokers for stock trading
Research the stocks you want to buy
Once you’ve set up and funded your brokerage account, it’s time to dive into the business of picking stocks. A good place to start is by researching companies you already know from your experiences as a consumer.
Don’t let the deluge of data and real-time market gyrations overwhelm you as you conduct your research. Keep the objective simple: You’re looking for companies of which you want to become a part-owner.
Warren Buffett famously said, “Buy into a company because you want to own it, not because you want the stock to go up.” He’s done pretty well for himself by following that rule.
Once you’ve identified these companies, it’s time to do a little research. Start with the company’s annual report — specifically management’s annual letter to shareholders. The letter will give you a general narrative of what’s happening with the business and provide context for the numbers in the report.
After that, most of the information and analytical tools that you need to evaluate the business will be available on your broker’s website, such as SEC filings, conference call transcripts, quarterly earnings updates, and recent news. Most online brokers also provide tutorials on how to use their tools and even basic seminars on how to pick stocks.
How to Buy Shares on the JSE (Johannesburg Stock Exchange)
Find the share you want to buy.
Click on the BUY THIS SHARE NOW button on the left.
Then, Open a Trading Account.
Fill in your personal details.
Verify your account via email.
Make your first share purchase.
Build your portfolio by buying shares consistently.
What are the best shares to buy in South Africa?
Gold Fields Limited. Gold is one item that you can always count on.
British American Tobacco. Despite the fact that smoking tobacco and cigarettes is not a healthy practice, the sector is on the rise.
Grindrod.
Tesla.
Naspers.
Curro Holdings.