We get this a lot on our site and the answer to Retreit Etoro….Questions that i speak with brand-new financiers what if you’re brand new to investing you simply do not wish to decide what you in fact wish to invest and you want someone to do it for you there’s only a number of manner ins which that can take place the firstly you can hire an investment portfolio manager they’ll typically charge a rather a high premium to do that possibly one or two percent of your profits will go to them the other thing is of course you can purchase mutual funds specific 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 also now if you’re brand new to an overall please bear in mind this platform is quite advanced you can do cfds which obviously cfds are methods of investing
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with not really having the full amount of capital so with anything that you’re finding out about please do study the platform do not just assume due to the fact that i use it that you can utilize it right away do some due diligence have a little experiment with it even invest with virtual money they give that choice too so you in fact get utilized to the structure of the site and then when you’re ready to use your own money to invest you can do so now i will disclaim obviously your capital is at danger this is investing we’re doing you’re investing in real business if you pick to in this particular video we’re talking about how to copy other people’s financial investments with your money so clearly your capital is at threat and we need to bear that in mind do not just do something because that person has actually stated they’ve made profit 14 months in a row buy these choices since you think is the ideal ones for you and that being stated let’s dive directly in [Music] so the things we’re going to cover in this video is understanding what is copy trading what are copy portfolios it becomes part of social trading which is one element that is probably.
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famous for it’s the alternative to see what other traders are doing incredible we don’t normally get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading therefore that suggests with our cash we can in fact say i want to do exactly what that trader is doing or match that specific portfolio of alternatives and generally each time they make a trade they purchase they sell whatever they do your cash will be imitated 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 cash in so we’re going to also cover is the charges included truly important you understand what are the costs of this now with any platform there will be some cost to certainly these are genuine business that are investing they’re doing the purchasing the selling for you there’s going to be charges included and even a few of the no charge sites then may not charge you for in fact buying and selling funds or etfs individual commodities private stocks.
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there’ll be costs on other parts perhaps it’s our fx rate when you’re altering from uk to u.s dollars there’s all kinds of costs associated so do your due diligence and i’m going to show you the fees with in particular in this video the next would be things to know prior to you actually start purchasing copy trading or copy portfolios and lastly some best advice finest practices if you are thinking about this as a tool whether you start your journey or your advanced investor so let’s begin with fees truly essential to comprehend these now on there’s a couple of costs there isn’t fees to do with actually buying and selling alright so commission charges are complimentary however there are a couple of other costs the very first one is withdrawal costs so you can undoubtedly put cash in now if you’re in the uk we put our uk money.
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and it’s immediately converted into us dollars and i’ll cover a little point about that later on but when you want to withdraw your cash so you sell your shares you offer your products whatever you’re offering the minimum amount 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 need to now you might state fine that’s rather pricey and i get that but it’s all to do with how they run their platform they need to charge fees somewhere and withdrawal costs are just among those choices that they have a lot 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 six months you understand depends entirely how you’re investing but that is a charge to remember the 2nd cost that i’ve touched upon 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 fine that suits me.
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a great deal of my stocks are us dollar stocks anyhow or the etfs that i’m buying and even some crypto so i’m excellent with that we have what’s called the fx currency conversion cost now when you utilize anyone so if you’re utilizing trading two and 2 free trade anybody this is basic they have actually i expect stuck with 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 actually providing you in regards to 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 state provide me us dollars instead you have to pay their costs now the fantastic feature of however when you have actually converted your money you do not need to invest it immediately that dollar value can being in your portfolio as cash dollars for as long as you like so that implies 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 fees so that’s truly great utilizing that part of their site won’t definitely limit you in any way however we have to be aware of two other fees the very first being what’s called spread fees fine and i’m going to show you what i suggest on now a spread fee as i’m going to reveal you
on is generally the distinction that is part of the investment platform between the buy cost 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 right now tesla’s dollar value 599 per share in tesla that actually means that when you want to buy or sell as you can see it’s not the rate you’re seeing up here let me reveal you that once again so the existing rate of tesla is the value of a share what’s called spread costs is the difference then really to purchase that share on the platform and you’ll find this all over this is another way that they make a percentage of benefit from you every time you do a buyer’s share so keep that in mind obviously it’s more expensive to purchase than it is to offer so they’re going to give 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 in between if you’re buying it then you want to sell it and that is how they make a little bit of cash on those spread out charges it’s typically incredibly little it could be a matter of pens matter of cents in there however that’s one place every investment company will again make a bit money now the last feat is called an
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over night fee now this is really crucial if you’re actually using cfds yourself as well an overnight fee is when you’re not doing that buy offer transaction in the very same day okay there’s then an over night charge charged or perhaps if you go from the friday to the monday before sailing a weekend cost now this just applies to cfds so if you’re actually buying out the etf the stock the commodity and using time one utilize which indicates you’re actually buying the precise asset rather than utilizing leverage anyway you will not get hit with these fees however these charges are if you’re utilizing take advantage of and cfds and after that you’re going to have these charges if you’re not buy offering in the same day so let’s say if you go into the assistance area this isn’t the over night charges details you can see precisely 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 and that only uses as i stated to cfds there are some added fees of course depending upon what you are investing in also this is on your own so keep that in mind but complete fees are entirely within their assistance information fine and we discussed along with complimentary to deposit in however there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds typical product stock shares everything there’s that 5 dollar withdrawal charge now another thing to call it as i have actually said copy trading and copy portfolios are two different ways of actually utilizing these copy functions they don’t have any additional costs on top of the typical fees that
are there now what you require to keep in mind though is these possibly managed by other people totally or sometimes have created portfolios you have actually got a real person doing the management you need to ensure you select the individual that’s right for you much like any profession this is your monetary possessions so we absolutely need 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 use this function we’ve got a couple of different 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 option to invest real money or a virtual platform virtual methods i believe you get yep a hundred thousand dollars to have fun with and it’s not real cash that you’re investing you will not need to put in your charge card details or anything you can basically have this virtual portfolio simulate as if you are utilizing your own cash however really purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfy with utilizing your genuine cash perhaps this is a great alternative for you again to check the theories all right you might want to buy tesla or apple or this etf why not utilize the virtual choice as a way to sort of safe play with it clearly you might have lost out on gains and losses during that time naturally if you had invested your real cash it allows you to develop self-confidence comprehend the platform so that’s one choice for you then next week and i’m going to go back 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 prior to you select someone that you’re going to copy or a portfolio you’re going to copy ensure you understand what your danger profile is now what do i suggest by that clearly 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 simply implies am i alright with potentially losing a great quantity of this investment or getting as
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well now remember whatever is ups and downs you will generate income you’ll lose cash that’s why they make the fact 75 people will lose money however that equally implies they’ll lose at some point in their journey clearly people do make money too and i’ve got videos all about how you can ensure you’re one of the people to really generate income but in this situation make certain you research study your threat level would you be alright giving your cash to someone else which is successfully what you’re doing and trusting them make certain you understand what they’re investing in totally if you’re someone who isn’t wanting to be that dangerous don’t select someone who’s totally into crypto or currency conversion think about it you ‘d probably 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 desire some up-and-coming single stocks in your portfolio do the very same with who you’re following now as i state you can actually use this too really quickly over here you can copy people now it will give you a great deal of choices and you can use the system to in fact look for somebody that you elegant in fact following so let’s see possibly we want somebody from united kingdom um who invests in let’s see who does etfs they have actually gained a minimum of 10 yeah that sounds fair that sounds a great quantity and i can discover everyone who has met that criteria and it does provide you a risk factor also so it tends to be the greater the number the more riskier they are with their stock investing now certainly there are a variety of individuals that have quite high returns
keep in mind 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 might make four or minus 50 there’s no chance to guarantee so do keep that in mind and as simple as clicking the copy button and off you go and then you know ask you to verify are you fine with this and off you go now another way to really deep dive if we click on this person for instance ruby mza as an example you can actually deep dive into what is she actually investing in so let’s enter into portfolio and you can see she’s quite heavy into microsoft mastercard amazon she likes her tech a bit so that’s excellent to understand ibm paypal yep she’s definitely like type of into those blue box and the tech market she’s got a few of mine really that i invest in too which is great so actually for me knowing what i like to buy my individual 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 also got a little bit more um of the sort of primary food business and you’ve got you understand pharmaceutical and production business as that. Retreit Etoro.
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