As someone who’s always been intrigued by the idea of investing but found the whole process daunting, I’ve discovered a surprisingly simple solution right within an app many of us use daily: the Capitec app.
With a few taps on my phone, I realized that the world of shares and investments could be at my fingertips, without the need for complicated platforms or hefty brokerage fees.
This discovery led me to explore how anyone, regardless of their investment savvy, can start growing their wealth through the EasyEquities widget on the Capitec app.
If you’ve ever felt overwhelmed by the thought of investing or wondered how to get started without getting lost in financial jargon, this guide is designed with you in mind.
Step-by-Step Guide to Buying Shares on the Capitec App
1. Download the Capitec App
1.1 Go to your smartphone’s app store. This could be the Google Play Store for Android devices, the Apple App Store for iOS devices, or the Huawei App Gallery for Huawei devices.
1.2 Search for the “Capitec Bank” app.
1.3 Download and install the app on your device. Make sure you have sufficient space and a stable internet connection for a smooth download.
2. Sign In or Register
2.1 Open the Capitec app on your device.
2.2 If you’re an existing Capitec customer, sign in with your credentials. If you’re new, you’ll need to register. Tap on the registration option and follow the prompts, providing the necessary personal details and documentation.
3. Navigate to the EasyEquities Widget
3.1 Once logged in, tap on the “Explore” option at the bottom of your screen.
3.2 Scroll through the available options and find the “Live Better” tab. This section is dedicated to enhancing your financial wellbeing with various tools and features.
3.3 Look for the “EasyEquities” option within the Live Better tab. This is your gateway to investing in shares.
4. Activate the EasyEquities Widget
4.1 Tap on the “EasyEquities” option to open it.
4.2 You will see an “Add” button. Tap on it to begin the process of activating the widget on your Capitec app.
4.3 You’ll be prompted to enter your details. This includes basic information such as your name, ID number, and contact details, which are necessary for setting up your investment profile.
5. Link or Create an EasyEquities Account
5.1 If you already have an EasyEquities account, you’ll have the option to link it to your Capitec app. Simply enter your EasyEquities login details when prompted.
5.2 If you’re new to EasyEquities, you’ll be guided through the process of creating a new account. Follow the prompts, agree to the terms and conditions, and set up your investment profile.
6. Explore the Investment Options
6.1 With your EasyEquities widget activated, start exploring the investment options available. You can browse both local and international shares, as well as Exchange Traded Funds (ETFs).
6.2 Take advantage of the demo account feature, which provides you with R100,000 in ZAR and $10,000 in USD as practice money. This is a risk-free way to familiarize yourself with the investing process.
7. Make Your First Investment
7.1 Once you’re comfortable, choose the shares or ETFs you’re interested in. You can start with as little as R5, making it accessible even for beginners.
8. Monitor Your Portfolio
8.1 Keep track of your investments through the EasyEquities widget on your Capitec app. You can view your portfolio, check the performance of your shares, and see your total account value.
8.2 Use the insights and data provided to make informed decisions about buying more shares or selling your existing ones.
9. Learn and Grow
9.1 Take advantage of the educational resources provided by Capitec and EasyEquities. Attend webinars, read articles, and use the practice account to improve your investing skills.
9.2 As you become more confident, consider diversifying your portfolio to include a mix of local and international shares and ETFs.