We get this a lot on our site and the answer to Can I Buy Index Funds On Etoro….Questions that i speak with new investors what if you’re brand new to investing you simply do not want to decide what you actually wish to invest and you want somebody to do it for you there’s only a number of manner ins which that can occur the firstly you can employ an investment portfolio manager they’ll typically charge a quite a high premium to do that possibly one or two percent of your profits will go to them the other thing is obviously you can buy mutual funds particular funds are created once again with an account supervisor in the background as i’m going to cover in this video they have a service though that’s called copy trading copy portfolios also now if you’re brand new to a total please bear in mind this platform is quite advanced you can do cfds which of course cfds are ways of investing
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with not in fact having the full amount of capital so with anything that you’re learning more about please do study the platform don’t simply assume since i use it that you can use it right now do some due diligence have a little play around with it even invest with virtual money they give that option also so you in fact get used to the structure of the site and after that when you’re ready to use your own money to invest you can do so now i will disclaim naturally your capital is at threat this is investing we’re doing you’re buying real companies if you choose to in this specific video we’re speaking about how to copy other people’s financial investments with your money so obviously your capital is at threat and we have to bear that in mind do not simply do something since that individual has said they’ve made earnings 14 months in a row invest in these choices due to the fact that you believe is the ideal ones for you and that being said let’s dive straight in [Music] so the things we’re going to cover in this video is comprehending what is copy trading what are copy portfolios it belongs to social trading which is one aspect that is most likely.
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famous for it’s the alternative to see what other traders are doing incredible we do not typically get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading and so that means with our cash we can really say i want to do exactly what that trader is doing or match that specific portfolio of choices and essentially each time they make a trade they purchase they offer whatever they do your money will be mimicked with it so that means if for instance 10 of their investment portfolio is in tesla guess what you’ll now be investing 10 of your money in so we’re going to also cover is the costs included actually critical you comprehend what are the expenses of this now with any platform there will be some cost to clearly these are real business that are investing they’re doing the purchasing the selling for you there’s going to be charges involved and even a few of the zero charge websites then may not charge you for actually buying and selling funds or etfs private commodities individual stocks.
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there’ll be fees on other parts perhaps it’s our fx rate when you’re altering from uk to u.s dollars there’s all sort of costs associated so do your due diligence and i’m going to reveal you the charges with in particular in this video the next would be things to know prior to you really begin purchasing copy trading or copy portfolios and lastly some finest suggestions best practices if you are thinking of this as a tool whether you begin your journey or your more advanced financier so let’s start with fees truly important to understand these now on there’s a number of fees there isn’t fees to do with really buying and selling all right so commission costs are totally free however there are a couple of other costs the very first one is withdrawal charges so you can certainly put cash in now if you’re in the uk we put our uk cash.
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and it’s immediately converted into us dollars and i’ll cover a little point about that later however when you want to withdraw your cash so you offer your shares you sell your commodities whatever you’re selling the minimum quantity you can withdraw is thirty dollars back out and they do charge you five dollars per withdrawal so for me obviously knowing that i’m going to ensure that i’m just withdrawing when i absolutely need to now you might say okay that’s rather expensive and i get that however it’s all to do with how they run their platform they have to charge fees someplace and withdrawal charges are simply among those options that they have a lot of platforms undoubtedly are complimentary to do such things has this 5 dollar charge so in my eyes make your withdrawals largely it can be maybe even once a year once every 6 months you understand depends completely how you’re investing however that is a charge to bear in mind the 2nd cost that i have actually discussed is that conversion cost now with you’re dealing in us dollars only there’s not an option to buy in euros or uk which’s fine that fits me.
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a lot of my stocks are us dollar stocks anyhow or the etfs that i’m buying and even some crypto so i’m good with that we have what’s called the fx currency conversion fee now when you utilize anybody so if you’re using trading two and two free trade anybody this is basic they have i expect stuck to whatever charge they charge for that conversion rate you type of have to accept you understand if you wish to use their platform go from uk to us then that conversion cost is there what are they in fact offering you in regards to your uk pounds to us dollars and all platforms are the same you can’t bargain with them you can’t go to the bank and state offer me us dollars instead you have to pay their fees now the fantastic aspect of though when you have actually transformed your cash you do not have to invest it immediately that dollar worth can being in your portfolio as money dollars for as long as you like so that indicates the preliminary day that you buy or transform your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any extra charges so that’s actually good utilizing that part of their site will not certainly restrict you in any way however we have to know two other fees the first being what’s called spread costs all right and i’m going to reveal you what i imply on now a spread fee as i’m going to show you
on is essentially the distinction that belongs to the investment platform between the buy rate and the price okay it’s their premium on doing both those 2 actions now tesla if you can see on this part of the site today tesla’s dollar worth 599 per share in tesla that in fact means that when you wish to sell or purchase as you can see it’s not the rate you’re seeing up here let me show you that again so the existing price of tesla is the value of a share what’s called spread fees is the difference then really to purchase that share on the platform and you’ll discover this all over this is another way that they make a percentage of make money from you whenever you do a buyer’s share so keep that in mind obviously it’s more expensive to buy than it is to sell so they’re going to give you less back with your sale and you say all right well why does that occur it simply does that is the nature of a lot of platforms out there there’s a difference between if you’re buying it then you want to sell it and that is how they make a little bit of money on those spread out costs it’s normally incredibly small it could be a matter of pens matter of cents in there however that’s one location every investment firm will once again make a little bit cash now the last task is called an
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overnight charge now this is actually crucial if you’re actually using cfds yourself also an overnight fee is when you’re refraining from doing that buy sell transaction in the very same day okay there’s then an over night cost charged or even if you go from the friday to the monday before sailing a weekend cost now this only applies to cfds so if you’re in fact buying out the etf the stock the product and using time one utilize which means you’re really buying the exact property instead of utilizing leverage anyway you will not get hit with these costs however these charges are if you’re utilizing take advantage of and cfds and after that you’re going to have these costs if you’re not buy offering in the very same day so let’s state if you enter into the help area this isn’t the overnight charges details you can see exactly the breakdown and it’ll inform you what are the charges what are the costs then for when you’re doing overnight or you’re doing over weekends and that only uses as i stated to cfds there are some additional charges naturally depending on what you are buying too this is on your own so keep that in mind but full charges are entirely within their aid information fine and we talked about along with totally free to deposit in however there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds regular commodity stock shares everything there’s that 5 dollar withdrawal fee now another thing to call it as i have actually said copy trading and copy portfolios are 2 different methods of really utilizing these copy works they do not have any extra charges on top of the regular charges that
exist now what you need to bear in mind though is these potentially managed by other people totally or in some cases have created portfolios you’ve got a real person doing the management you have to make sure you pick the person that’s right for you just like any type of work this is your monetary possessions so we absolutely need to make sure it’s the best person for us prior to we copy them so the first things i would call it if you do want to use this function we’ve got a number of various alternatives for us to start with if you’re brand new to investing i wish to draw your attention to this within you have the alternative to invest real cash or a virtual platform virtual methods i think you get yep a hundred thousand dollars to play with and it’s not real cash that you’re investing you won’t require to put in your credit card information or anything you can basically have this virtual portfolio imitate as if you are utilizing your own money but in fact purchase pretend buy copy people whatever you like if you’re not
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feeling comfy with using your genuine cash maybe this is a great choice for you again to check the theories all right you might want to purchase tesla or apple or this etf why not use the virtual choice as a method to type of safe have fun with it obviously you may have lost out on gains and losses throughout that time naturally if you had invested your genuine money it permits you to develop confidence comprehend the platform so that’s one choice for you then next week and i’m going to return to my genuine portfolio here now we’re going to deep dive in fact how to copy individuals and copy portfolios now here’s something to remember prior to you choose someone that you’re going to copy or a portfolio you’re going to copy make certain you comprehend what your threat profile is now what do i imply by that obviously for me i’m investing long term and they tend to say the longer you’re leaving your financial investments the riskier you can be run the risk of just means am i okay with possibly losing a good amount of this investment or acquiring as
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well now keep in mind whatever is downs and ups you will earn money you’ll lose cash that’s why they make the figure 75 people will lose money but that similarly means they’ll lose eventually in their journey undoubtedly individuals do make money too and i have actually got videos everything about how you can ensure you are among the people to really make money however in this situation make certain you research your danger level would you be fine providing your money to someone else which is efficiently what you’re doing and trusting them make certain you understand what they’re purchasing completely if you’re somebody who isn’t wishing to be that dangerous don’t choose someone who’s entirely into crypto or currency conversion consider it you ‘d most likely want a backbone of strong commodities
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like gold or perhaps oil plus more traditional etfs and index funds you may not want some up-and-coming single stocks in your portfolio do the same with who you’re following now as i state you can in fact utilize this too really quickly over here you can copy individuals now it will provide you a great deal of choices and you can use the system to in fact look for someone that you expensive really following so let’s see possibly we want someone from unified kingdom um who invests in let’s see who does etfs they have actually gotten a minimum of 10 yeah that sounds reasonable that sounds a great amount and i can discover everybody who has fulfilled that requirements and it does give you a danger element also so it tends to be the greater the number the more riskier they are with their stock investing now obviously there are a variety of individuals that have quite high returns
remember it resembles anything to do with the news or forecasts of the future this does not indicate someone will make 56 for you for the next 12 months they could make four or minus 50 there’s no other way to guarantee so do keep that in mind and as simple as clicking the copy button and off you go and after that you understand ask you to validate are you fine with this and off you go now another way to actually deep dive if we click on this person for example ruby mza as an example you can really deep dive into what is she actually buying so let’s enter into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a little bit so that’s great to know ibm paypal yep she’s certainly like sort of into those blue box and the tech industry she’s got a few of mine really that i invest in too which is good so really for me understanding what i like to buy my specific stocks and shares she would resonate with me she’s got an excellent spread in tech companies that seems to be what she prefers she’s likewise got a little bit more um of the kind of main food business and you’ve got you understand pharmaceutical and production business as that. Can I Buy Index Funds On Etoro.
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