Great news for South Africans investing in the US stock market, you can now insure your US shares regardless of which trading platform you use!
InvestSure is proud to make investment fraud insurance available on the most popular US shares to all South African investors. This, following our successful launch to JSE investors in 2018 – today we have protected over 50,000 investments made by South Africans. Whether you own Amazon, Facebook, Paypal, Tesla or hundreds of other NYSE or Nasdaq listed stocks, you can now protect your wealth from the type of sudden, severe and unexpected losses that can be caused by credible allegation of wrongdoing by management.
We’ve been tracking the US market for a while now and have recently seen large fraud allegation related losses on a number of US listed stocks, including Nikola, Kodak and Luckin Coffee. In fact, in 2020 there were 35 such events on US exchanges – each resulting in an over 10% decline in the share price, with the average drop being 40%!
We are currently paying claims to insured investors in US listed Peloton (NASDAQ: PTON), who suffered losses following allegations that management mislead investors on 05/05/2021 (click to read more: http://nb.investsure.info/default/newsitems).
They say money never sleeps, but the time difference between Joburg and New York can mean that important news breaks in the US while South Africans are enjoying their downtime or sleeping. When investing from South Africa into the US an investor can be quite far-removed, making staying close to the news more challenging. With InvestSure you can #SleepEasy knowing you are covered against the unpredictable risk of investment losses caused by allegations of fraud!
How can I insure my shares?
You can insure your shares *regardless of which trading platform you use in few easy steps.
Simply visit: https://www.investsure.insure/sessions/quote, to get an obligation free quote, and follow the simple steps to cover your assets.
Even if you trust management of a company, you should always have a safety net against possible severe and sustained losses. InvestSure provides investors with simple and cost-effective protection.
What is InvestSure?
InvestSure is an insurance product that investors can purchase which protects them from any losses in a company’s share price which caused by allegations of management fraud / dishonesty. Importantly, the fraud does not need to be proven for you to recover your losses.
When there is news of possible fraud in a company you have covered, coupled with a 10% drop in the share price within 2 days of that news, the cover is triggered. You then have 30 days to make an assessment and, if you decide to sell your shares, upload your supporting documentation onto InvestSure’s platform – your claim will then be paid within 7 days. Management does not have to be convicted before you can claim – you just need to suffer a loss from this type of event and you will be covered!
Enjoy happy and safe investing with InvestSure. #SleepEasy
* EasyEquities clients: If you would like to insure investments held on the EasyEquities platform, please purchase insurance for those investment directly on the EasyEquities platform. You can insure any shareholdings where you see an umbrella icon (when viewing your holdings), by clicking on the selected shares (to see the expanded view), clicking on the “Review Insurance” button, and then on “Add Insurance”.
