We get this a lot on our site and the answer to Etoro Introduces Mutual Funds….Questions that i speak with new financiers what if you’re brand new to investing you merely don’t want to decide what you in fact want to invest and you desire somebody to do it for you there’s only a number of manner ins which that can happen the firstly you can hire an investment portfolio manager they’ll normally charge a rather a high premium to do that possibly a couple of percent of your earnings will go to them the other thing is naturally you can buy mutual funds particular funds are produced again with an account manager in the background as i’m going to cover in this video they have a service though that’s called copy trading copy portfolios as well now if you’re brand new to a total please keep in mind this platform is quite sophisticated you can do cfds which of course cfds are ways of investing
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with not actually having the total of capital so with anything that you’re discovering please do study the platform don’t simply assume since i utilize it that you can utilize it right away do some due diligence have a little play around with it even invest with virtual money they consider that option also so you in fact get used to the structure of the website and then when you’re ready to use your own cash to invest you can do so now i will disclaim of course your capital is at risk this is investing we’re doing you’re investing in genuine business if you choose to in this specific video we’re discussing how to copy other people’s financial investments with your money so obviously your capital is at danger and we need to bear that in mind do not just do something because that person has said they’ve made earnings 14 months in a row invest in these options because you think is the best ones for you which being said let’s dive straight in [Music] so the things we’re going to cover in this video is understanding what is copy trading what are copy portfolios it’s part of social trading which is one element that is probably.
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popular for it’s the alternative to see what other traders are doing amazing we do not typically get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading therefore that means with our money we can in fact say i wish to do precisely what that trader is doing or match that exact portfolio of alternatives and basically whenever they make a trade they buy they offer whatever they do your cash will be simulated with it so that implies if for example 10 of their financial investment portfolio remains in tesla guess what you’ll now be investing 10 of your money in so we’re going to likewise cover is the costs included really important you understand what are the costs of this now with any platform there will be some expense to obviously these are genuine companies 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 no charge sites then may not charge you for actually buying and selling etfs or funds individual products private stocks.
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there’ll be costs on other parts possibly 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 show you the charges with in particular in this video the next would be things to know before you actually start buying copy trading or copy portfolios and lastly some best guidance best practices if you are thinking of this as a tool whether you start your journey or your more advanced investor so let’s begin with costs actually important to understand these now on there’s a number of costs there isn’t costs to do with really buying and selling okay so commission costs are complimentary however there are a couple of other charges the first one is withdrawal costs so you can obviously put cash in now if you remain in the uk we put our uk cash.
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and it’s automatically converted into us dollars and i’ll cover a little point about that in the future but when you want to withdraw your money so you sell your shares you offer your commodities whatever you’re offering the minimum amount you can withdraw is thirty dollars back out and they do charge you 5 dollars per withdrawal so for me obviously knowing that i’m going to make sure that i’m only 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 need to charge costs someplace and withdrawal fees are simply among those choices that they have a great deal of platforms obviously are totally free to do such things has this five dollar charge so in my eyes make your withdrawals largely it can be perhaps even once a year when every 6 months you know depends totally how you’re investing but that is a fee to remember the second fee that i have actually discussed is that conversion cost now with you’re dealing in us dollars only there’s not an alternative to purchase in euros or uk and that’s great that matches me.
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a great deal of my stocks are us dollar stocks anyway or the etfs that i’m purchasing or perhaps some crypto so i’m good with that we have what’s called the fx currency conversion charge now when you utilize anybody so if you’re using trading 2 and 2 free trade anybody this is basic they have actually i suppose stuck with whatever cost they charge for that conversion rate you sort of have to accept you understand if you want to utilize their platform go from uk to us then that conversion charge is there what are they actually providing 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 give me us dollars rather you need to pay their fees now the terrific thing about though when you have actually transformed your money you do not have to invest it immediately that dollar worth can being in your portfolio as cash dollars for as long as you like so that means the preliminary day that you purchase or transform your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any additional costs so that’s really good using that part of their site will not certainly limit you in any way however we have to be aware of 2 other costs the very first being what’s called spread fees alright and i’m going to show you what i indicate on now a spread cost as i’m going to reveal you
on is essentially the difference that is part of the financial investment platform between the buy price 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 right now tesla’s dollar value 599 per share in tesla that in fact means that when you wish to sell or buy as you can see it’s not the cost you’re seeing up here let me reveal you that once again so the present price of tesla is the worth of a share what’s called spread fees is the distinction then actually to purchase that share on the platform and you’ll discover this all over this is another manner in which they make a small amount of benefit from you whenever you do a purchaser’s share so keep that in mind undoubtedly it’s more costly to buy than it is to offer so they’re going to provide you less back with your sale and you say okay well why does that occur it simply does that is the nature of a great deal of platforms out there there’s a difference in between if you’re buying it then you wish to sell it which is how they make a bit of cash on those spread charges it’s typically extremely little it could be a matter of pens matter of cents in there however that’s one location every investment company will once again make a little bit cash now the last accomplishment is called an
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over night fee now this is actually essential if you’re really using cfds yourself also an overnight fee is when you’re refraining from doing that buy sell transaction in the same day fine there’s then an over night cost charged and even if you go from the friday to the monday before cruising a weekend fee now this just applies to cfds so if you’re actually buying out the etf the stock the commodity and using time one take advantage of which implies you’re actually buying the specific possession instead of utilizing leverage anyway you won’t get hit with these fees but these fees are if you’re utilizing take advantage of and cfds and then you’re going to have these costs if you’re not buy selling in the same day so let’s state if you enter into the aid area this isn’t the over night costs info you can see exactly the breakdown and it’ll inform you what are the charges what are the fees then for when you’re doing overnight or you’re doing over weekends which only uses as i stated to cfds there are some added fees obviously depending upon what you are purchasing too this is on your own so keep that in mind however complete costs are completely within their assistance info alright and we spoke about as well as free to deposit in however there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds normal commodity stock shares everything there’s that 5 dollar withdrawal cost now another thing to call it as i have actually stated copy trading and copy portfolios are 2 various methods of actually utilizing these copy functions they don’t have any additional fees on top of the regular charges that
are there now what you need to keep in mind though is these possibly managed by other individuals entirely or often have actually produced portfolios you’ve got a genuine person doing the management you have to make sure you pick the individual that’s right for you much like any profession this is your financial properties so we absolutely need to make certain it’s the right individual for us before we copy them so the first things i would call it if you do want to utilize this function we have actually got a couple of various choices for us firstly if you’re brand new to investing i want to draw your attention to this within you have the option to invest real cash or a virtual platform virtual methods i think you get yep a hundred thousand dollars to have fun with and it’s not real money that you’re investing you will not require to put in your credit card information or anything you can generally have this virtual portfolio mimic as if you are utilizing your own money however really buy pretend buy copy people whatever you like if you’re not
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feeling comfy with using your genuine cash possibly this is a terrific choice for you once again to check the theories fine you might wish to buy tesla or apple or this etf why not use the virtual choice as a method to type of safe have fun with it clearly you may have lost out on gains and losses throughout that time of course if you had actually invested your real money it enables you to develop confidence comprehend the platform so that’s one option for you then next week and i’m going to go back to my real portfolio here now we’re going to deep dive really how to copy people and copy portfolios now here’s something to keep in mind 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 danger profile is now what do i suggest by that undoubtedly for me i’m investing long term and they tend to state the longer you’re leaving your investments the riskier you can be run the risk of simply indicates am i alright with possibly losing a good amount of this financial investment or gaining as
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well now keep in mind whatever is downs and ups you will generate income you’ll lose cash that’s why they make the statistic 75 people will lose money however that similarly suggests they’ll lose at some point in their journey clearly people do make money also and i have actually got videos all about how you can make sure you are among the people to in fact earn money however in this situation make certain you research study your threat level would you be alright giving your cash to someone else which is effectively what you’re doing and trusting them ensure you comprehend what they’re buying completely if you’re someone who isn’t wanting to be that risky don’t pick somebody who’s totally into crypto or currency conversion think of it you ‘d most likely desire a backbone of strong products
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like gold or perhaps oil plus more standard etfs and index funds you may not desire some up-and-coming single stocks in your portfolio do the very same with who you’re following now as i say you can actually utilize this too really easily over here you can copy individuals now it will offer you a great deal of options and you can use the system to really look for someone that you elegant in fact following so let’s see possibly we desire someone from united kingdom um who invests in let’s see who does etfs they’ve gotten a minimum of 10 yeah that sounds fair that sounds a good amount and i can find everybody who has actually satisfied that criteria and it does offer you a threat aspect too so it tends to be the higher the number the more riskier they are with their stock investing now certainly there are a number of individuals that have rather high returns
remember it resembles anything to do with the news or forecasts of the future this does not imply someone will make 56 for you for the next 12 months they might make 4 or minus 50 there’s no chance to guarantee so do keep that in mind and as easy as clicking the copy button and off you go and after that you know ask you to validate are you all right with this and off you go now another method to actually deep dive if we click this person for instance ruby mza as an example you can really deep dive into what is she actually purchasing so let’s go into portfolio and you can see she’s quite heavy into microsoft mastercard amazon she likes her tech a bit so that’s good to know ibm paypal yep she’s certainly like kind of into those blue box and the tech industry she’s got a few of mine actually that i invest in too which is excellent so in fact for me knowing what i like to invest in my private stocks and shares she would resonate with me she’s got an excellent spread in tech companies that appears to be what she chooses she’s likewise got a little bit more um of the sort of main food companies and you have actually got you understand pharmaceutical and production companies as that. Etoro Introduces Mutual Funds.
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