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Franc or Easy Equities | A detailed comparison you need to decide | Investing for beginners

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#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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[Social]
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@nxumalojennifer
[Music]
Music by Juju B. Goode - Day 8. Bloom - thmatc.co/?l=7...

Опубликовано:

5 сен 2024

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Комментарии : 80

@vangelimkhize6464 Год назад

A year later and this content is still relevant to date. Thank you for sharing

@JennNxumalo Год назад

Glad it was helpful!

@mulaudziimanipretty2074 2 года назад

“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

@JennNxumalo 2 года назад

😂😂😂 I have to say it before I get into problems. I hope you enjoy it, I am definitely enjoying it.

@Salomesaville 9 месяцев назад

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.

@JennNxumalo 8 месяцев назад

I appreciate that feedback 🤗🤩

@Myra_M 7 месяцев назад

I heard about Franc from you, app downloaded already, reasy to invest soon. Thanks Jen for worthwhile financial content ❤🤗

@JennNxumalo 6 месяцев назад

Awesome! Excited for you 🤩

@neomokhomo 2 года назад

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.

@JennNxumalo 2 года назад

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.

@neomokhomo 2 года назад

@@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.

@kamoogelo 2 года назад

Hi doll, can't wait to watch this video, I can't wait to learn about FRANC! ✨

@JennNxumalo 2 года назад

You might love it when you get into it 🥰.

@spm9130 2 года назад

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!

@JennNxumalo 2 года назад

🥰🥰🥰 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 😘😘🙏🏾.

@SistaBossoMagazine 11 месяцев назад

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 💚🌻

@JennNxumalo 11 месяцев назад

Cheers 🥂 to creating generational wealth 🤗

@Lelough_ 5 месяцев назад

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.

@keneilwemolefe9425 2 года назад

Thank you so much for simplyifing for us.You have made it so much clear...Franc is the way to go.

@JennNxumalo 2 года назад

🤗🤩🥰that’s great, I personally prefer Franc as well.

@shorti2370 2 года назад

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😭

@JennNxumalo 2 года назад

Thank you so much 🥰🥰, I also wish they did. Maybe over time as they grow they might introduce it.

@babalwagunu2561 2 месяца назад

Thank you Jenn for this video❤I specialy looked up gor this video as i am planning to start saving on Franc.

@kamoogelo 2 года назад

I try to leave single stocks alone 😅, I'm honestly the laziest investor so ETFs and index funds are for me

@JennNxumalo 2 года назад

Me too, I love that they are a safe way to investing.

@kamoogelo 2 года назад

@@JennNxumalo they really are

@inadia001 2 года назад

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.

@JennNxumalo 2 года назад

Great suggestion, I will look into it and add it on the future videos 🥰🙏🏾

@inadia001 2 года назад

@@JennNxumalo 👌

@user-dp3md6tc4e 7 месяцев назад

Thank you I learnt something today. Let me go and download the app. 🙏🏾🙏🏾🙏🏾

@JennNxumalo 7 месяцев назад

Yeyyyyy, I hope you enjoy it 🙌🏿💐

@slindileprincessngcobo1537 2 года назад

Hi Jen ,thank you for i didn't know about franc app I'm going to try it 😍😍😍

@JennNxumalo 2 года назад

Hi! Slie, it is a very interesting app and easy to use, do try it indeed 🥰🥰

@slindileprincessngcobo1537 2 года назад

Please also when u have time please do a dedicated video on franc 🙏

@97axis_sa Год назад

Thumbs up 👍🏾 for this video

@JennNxumalo Год назад

Thank you 🙏🏾

@munchi8 Год назад

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.

@JennNxumalo Год назад

It’s a fairly new app but worth having for sure.

@atlehangmohono905 Год назад

Beautiful break down

@JennNxumalo Год назад

Great to hear 🤩

@abegailmagadlela 6 месяцев назад

Thank you for this

@JennNxumalo 5 месяцев назад

Thank you too 🙏🏾

@nontandomonica3220 Год назад

You can be a brilliant teacher Queen 😉

@JennNxumalo Год назад

I think so too, I want to retire in academia 😅

@marthantsiyene5920 2 года назад

You such a good teacher ❤️❤️❤️🙌

@JennNxumalo 2 года назад

☺️🥰 thank you 😊

@puseletsoboikanyo4091 4 месяца назад

Jen i would like to start Frank and Easy Equity

@munchi8 Год назад

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 🙂

@JennNxumalo Год назад

Hi! You can only have one goal on an account.

@munchi8 Год назад

Aaaah ok thank you

@chezgordon5218 Год назад

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

@JennNxumalo Год назад

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.

@tshepang8433 6 месяцев назад

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

@JennNxumalo 6 месяцев назад

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.

@qupation7296 Год назад

Do I need: 1. to be South African and/or 2. to have a South African bank account To use this platform?

@JennNxumalo Год назад

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.

@deephousethatarap4214 2 года назад

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 .

@JennNxumalo 2 года назад

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.

@deephousethatarap4214 2 года назад

@@JennNxumalo ohk let me know or I must subscribe the page again in order to... Get the actual part.. thank you

@alvinanunuhe6430 2 года назад

Hi. I'm from Namibia. Do you know if we Namibians can use the Franc app?

@JennNxumalo 2 года назад

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.

@alvinanunuhe6430 2 года назад

@@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

@naomi5940 6 месяцев назад

Is Franc investment for Southafrica only or other countries?

@JennNxumalo 6 месяцев назад

I am not completely sure but I know they need an SA ID.

@Lelough_ 5 месяцев назад

For foreigners too. You must have your passport and residence permit details.

@moses3424 Год назад

Can i invest any amount or there's certain amount must i invest in?

@JennNxumalo Год назад

You can invest any money you have, there are no rules as to how much you can start with.

@moses3424 Год назад

@@JennNxumalo ❤️

@okuhlepotwana2012 2 года назад

hey with franc can you withdraw anytime or you have to reach your goal first

@JennNxumalo 2 года назад

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.

@CM-jl2fu 2 года назад

Hi Jen, im interested to know the difference in charges between the two

@emilymatshwane8414 Год назад

Hi Jenny. Does franc offer crypto currency?

@JennNxumalo Год назад

Hi! Emily, no it does not have Crypto.

@emilymatshwane8414 Год назад

@@JennNxumalo thank you

@zinhlembatha1352 2 года назад

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?

@JennNxumalo 2 года назад

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.

@zinhlembatha1352 2 года назад

@@JennNxumalo Thank you so much for replying 🙏❤️

@shorti2370 2 года назад

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.