We get this a lot on our site and the answer to Etoro Pundi X….Concerns that i speak with new financiers what if you’re brand new to investing you merely don’t wish to choose what you in fact want to invest and you want somebody to do it for you there’s just a couple of ways that that can occur the firstly you can hire an investment portfolio manager they’ll generally charge a quite a high premium to do that perhaps one or two percent of your earnings will go to them the other thing is naturally you can buy mutual funds specific funds are produced 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 an overall please keep in mind this platform is quite innovative you can do cfds which naturally cfds are ways of investing
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with not actually having the full amount of capital so with anything that you’re learning about please do study the platform do not simply presume since i use it that you can use it immediately do some due diligence have a little experiment with it even invest with virtual money they consider that choice also so you really get utilized to the structure of the site 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 danger this is investing we’re doing you’re purchasing real companies if you select to in this particular video we’re speaking about how to copy other individuals’s investments with your money so clearly your capital is at risk and we need to bear that in mind do not simply do something because that individual has actually stated they have actually made profit 14 months in a row purchase these choices since you think is the best ones for you and that being stated let’s dive straight in [Music] The things we’re going to cover in this video is comprehending what is copy trading what are copy portfolios it’s part of social trading which is one aspect that is probably.
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well-known for it’s the option to see what other traders are doing extraordinary we don’t normally get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading and so that implies with our money we can really state i want to do precisely what that trader is doing or match that specific portfolio of alternatives and essentially every time they make a trade they buy they sell whatever they do your cash will be mimicked with it so that means if for example 10 of their investment portfolio is in tesla guess what you’ll now be investing 10 of your cash in so we’re going to likewise cover is the costs involved actually crucial you understand what are the costs of this now with any platform there will be some cost to obviously these are genuine companies that are investing they’re doing the buying the selling for you there’s going to be charges included and even a few of the zero charge sites then might not charge you for really buying and selling funds or etfs private commodities private stocks.
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there’ll be costs on other parts possibly it’s our fx rate when you’re changing from uk to u.s dollars there’s all sort of charges associated so do your due diligence and i’m going to reveal you the fees with in particular in this video the next would be things to understand before you in fact start purchasing copy trading or copy portfolios and lastly some best advice best practices if you are thinking about this as a tool whether you start your journey or your advanced investor so let’s start with costs truly essential to comprehend these now on there’s a number of fees there isn’t costs to do with really buying and selling fine so commission charges are complimentary however there are a number of other costs the very first one is withdrawal charges so you can obviously put cash in now if you’re in the uk we put our uk money.
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and it’s instantly converted into us dollars and i’ll cover a little point about that in the future however when you want to withdraw your cash so you sell your shares you offer your products 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 make certain that i’m only withdrawing when i absolutely require to now you may say alright 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 somewhere and withdrawal fees are simply among those alternatives that they have a great deal of platforms undoubtedly are totally free to do such things has this 5 dollar charge so in my eyes make your withdrawals mostly it can be maybe even once a year once every 6 months you understand depends entirely how you’re investing but that is a charge to keep in mind the second cost that i’ve discussed is that conversion charge now with you’re handling us dollars just there’s not an alternative to buy in euros or uk which’s fine that matches me.
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a great deal of my stocks are us dollar stocks anyway or the etfs that i’m buying or perhaps some crypto so i’m good with that we have what’s called the fx currency conversion charge now when you use anyone so if you’re utilizing trading two and two free trade anybody this is basic they have actually i expect stuck to whatever cost they charge for that conversion rate you kind of have to accept you know if you want to use their platform go from uk to us then that conversion charge exists what are they actually giving you in terms of your uk pounds to us dollars and all platforms are the same you can’t haggle with them you can’t go to the bank and say provide me us dollars instead you have to pay their charges now the fantastic aspect of however when you’ve converted your cash you do not have to invest it right away that dollar value can sit in your portfolio as money 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 happens now with copy trading and copy portfolios there aren’t any extra costs so that’s really great utilizing that part of their site won’t certainly restrict you in any way however we have to understand two other charges the first being what’s called spread charges okay and i’m going to show you what i imply on now a spread charge as i’m going to reveal you
on is basically the difference that belongs to the investment platform in between the buy rate and the price fine 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 value 599 per share in tesla that in fact means that when you wish to buy or offer as you can see it’s not the rate you’re seeing up here let me reveal you that again so the present price of tesla is the worth of a share what’s called spread fees is the difference then actually to buy that share on the platform and you’ll find this everywhere this is another way that they make a percentage of make money from you every time you do a buyer’s share so keep that in mind clearly it’s more costly to purchase than it is to offer so they’re going to provide you less back with your sale and you say alright well why does that occur it just 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 which is how they make a little bit of cash on those spread costs it’s usually incredibly little it could be a matter of pens matter of cents in there but that’s one place every investment company will again make a little bit money now the last task is called an
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over night charge now this is really essential if you’re actually using cfds yourself too an over night fee is when you’re refraining from doing that buy sell deal in the same day fine there’s then an over night cost charged and even if you go from the friday to the monday prior to sailing a weekend charge now this only applies to cfds so if you’re really buying out the etf the stock the product and using time one leverage which means you’re in fact buying the exact asset rather than using leverage anyhow you will not get hit with these costs but these costs are if you’re using leverage and cfds and after that you’re going to have these fees if you’re not buy selling in the exact same day so let’s say if you enter into the aid 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 charges then for when you’re doing over night or you’re doing over weekends and that only uses as i said to cfds there are some surcharges of course depending on what you are buying too this is on your own so keep that in mind however full charges are totally within their aid info okay and we discussed in addition to complimentary to deposit in however there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds regular commodity stock shares everything there’s that 5 dollar withdrawal charge now another thing to call it as i have actually stated copy trading and copy portfolios are 2 various ways of in fact utilizing these copy operates they do not have any additional fees on top of the typical charges that
exist now what you need to keep in mind though is these potentially managed by other individuals totally or often have actually produced portfolios you’ve got a genuine person doing the management you need to ensure you pick the individual that’s right for you just like any profession this is your financial possessions so we absolutely require to make sure it’s the ideal individual for us prior to we copy them so the first things i would call it if you do wish to utilize this function we have actually got a couple of different choices for us first of all if you’re brand new to investing i wish to draw your attention to this within you have the option to invest real money or a virtual platform virtual methods i think you get yep a hundred thousand dollars to have fun with and it’s not real cash that you’re investing you won’t need to put in your charge card information or anything you can essentially have this virtual portfolio simulate as if you are using your own cash 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 money possibly this is an excellent alternative for you once again to test the theories alright you might want to purchase tesla or apple or this etf why not utilize the virtual choice as a way to type of safe play with it undoubtedly you may have lost out on gains and losses throughout that time obviously if you had invested your real cash it allows you to build self-confidence understand 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 really how to copy people and copy portfolios now here’s something to bear in mind before you pick somebody that you’re going to copy or a portfolio you’re going to copy ensure you understand 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 investments the riskier you can be risk just implies am i okay with potentially losing an excellent quantity of this financial investment or gaining as
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well now remember whatever is ups and downs you will make money you’ll lose cash that’s why they make the fact 75 individuals will lose money however that equally implies they’ll lose eventually in their journey obviously individuals do generate income also and i’ve got videos all about how you can make certain you’re one of the people to in fact earn money but in this scenario ensure you research your risk level would you be alright providing your money to another person which is efficiently what you’re doing and trusting them make certain you understand what they’re buying completely if you’re somebody who isn’t wishing to be that dangerous don’t choose somebody who’s totally into crypto or currency conversion think about it you ‘d most likely desire a backbone of strong commodities
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like gold or even oil plus more conventional etfs and index funds you may not desire some up-and-coming single stocks in your portfolio do the exact same with who you’re following now as i state you can actually use this too truly quickly over here you can copy people now it will provide you a great deal of choices and you can utilize the system to really search for someone that you fancy actually following so let’s see possibly we desire someone from joined kingdom um who invests in let’s see who does etfs they have actually gotten a minimum of 10 yeah that sounds fair that sounds an excellent amount and i can find everyone who has actually met that criteria and it does offer you a threat element also so it tends to be the higher the number the more riskier they are with their stock investing now undoubtedly there are a variety of individuals that have quite high returns
bear in mind it resembles anything to do with the news or forecasts of the future this does not imply somebody will make 56 for you for the next 12 months they might make 4 or minus 50 there’s no other way to guarantee so do keep that in mind and as easy as clicking the copy button and off you go and then you understand ask you to confirm are you alright with this and off you go now another method to in fact deep dive if we click this person for example ruby mza as an example you can in fact deep dive into what is she actually buying so let’s enter into portfolio and you can see she’s quite heavy into microsoft mastercard amazon she likes her tech a little bit so that’s excellent to know ibm paypal yep she’s certainly like kind of into those blue box and the tech market she’s got a few of mine actually that i buy too which is great so in fact for me understanding what i like to purchase my individual stocks and shares she would resonate with me she’s got an excellent spread in tech business that seems to be what she prefers she’s likewise got a little bit more um of the sort of primary food companies and you’ve got you understand pharmaceutical and production companies as that. Etoro Pundi X.
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