We get this a lot on our site and the answer to Sea La Vie Salon Bluffton….Questions that i hear from brand-new investors what if you’re brand new to investing you simply do not wish to choose what you in fact want to invest and you want somebody to do it for you there’s only a couple of manner ins which that can occur the to start with you can work with a financial investment portfolio manager they’ll usually charge a rather a high premium to do that perhaps one or two percent of your revenues will go to them the other thing is obviously you can buy mutual funds specific funds are created 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 rather advanced you can do cfds which of course cfds are ways of investing
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with not in fact having the total of capital so with anything that you’re finding out about please do study the platform do not simply presume because 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 cash they consider that option also so you really get used 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 investing in genuine business if you choose to in this specific video we’re discussing how to copy other individuals’s financial investments with your cash so obviously your capital is at threat and we have to bear that in mind do not simply do something because that individual has actually said they have actually made revenue 14 months in a row purchase these choices due to the fact that you believe is the right ones for you and that being said let’s dive directly in [Music] 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 choice to see what other traders are doing incredible we don’t usually get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading therefore that implies with our money we can really state i wish to do precisely what that trader is doing or match that precise portfolio of choices and generally every time they make a trade they buy they sell whatever they do your cash will be simulated with it so that indicates if for example 10 of their financial 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 crucial you comprehend what are the expenses of this now with any platform there will be some cost to obviously these are real business that are investing they’re doing the buying the selling for you there’s going to be charges included and even some of the zero charge websites then might not charge you for in fact buying and selling etfs or funds private commodities specific stocks.
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there’ll be fees on other parts maybe it’s our fx rate when you’re changing from uk to u.s dollars there’s all type of charges 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 understand prior to you in fact start investing in copy trading or copy portfolios and lastly some best advice best practices if you are considering this as a tool whether you begin your journey or your advanced investor so let’s begin with costs truly crucial to understand these now on there’s a couple of fees there isn’t costs to do with in fact buying and selling fine so commission costs are totally free nevertheless there are a couple of other costs the very first one is withdrawal fees so you can obviously put money 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 however when you wish to withdraw your cash so you sell your shares you sell your commodities whatever you’re offering 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 sure that i’m only withdrawing when i definitely need to now you might state fine that’s quite expensive and i get that but it’s all to do with how they run their platform they have to charge costs someplace and withdrawal costs are simply among those choices that they have a lot of platforms certainly are complimentary to do such things has this 5 dollar charge so in my eyes make your withdrawals mostly it can be perhaps even once a year as soon as every 6 months you know depends entirely how you’re investing however that is a cost to keep in mind the second charge that i’ve touched upon is that conversion cost now with you’re dealing in us dollars only there’s not an option to buy in euros or uk and that’s great that matches me.
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a lot of my stocks are us dollar stocks anyhow or the etfs that i’m purchasing or even some crypto so i’m good with that we have what’s called the fx currency conversion fee now when you use anybody so if you’re using trading two and two open market anybody this is standard they have i suppose stuck with whatever cost they charge for that conversion rate you kind of need to accept you understand if you want to use their platform go from uk to us then that conversion charge is there what are they really 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 give me us dollars rather you have to pay their charges now the excellent feature of though when you’ve converted your money you do not need to invest it right away that dollar value can sit in your portfolio as money dollars for as long as you like so that suggests the preliminary day that you buy or transform your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any extra charges so that’s actually excellent utilizing that part of their site won’t definitely restrict you in any way however we have to understand two other costs the very first being what’s called spread costs all right and i’m going to show you what i suggest on now a spread cost as i’m going to show you
on is essentially the difference that becomes part of the investment platform in between the buy rate and the sale 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 want to purchase or offer as you can see it’s not the rate you’re seeing up here let me show you that again so the current price of tesla is the value of a share what’s called spread costs is the distinction then in fact to purchase that share on the platform and you’ll discover this everywhere this is another way that they make a percentage of benefit from you every time you do a purchaser’s share so keep that in mind certainly it’s more pricey to buy than it is to offer so they’re going to provide you less back with your sale and you state alright well why does that happen 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 offer it and that is how they make a little bit of money on those spread out costs it’s typically exceptionally 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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overnight cost now this is truly crucial if you’re really utilizing cfds yourself as well an overnight fee is when you’re refraining from doing that buy offer deal in the exact same day all right there’s then an over night fee charged and even 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 product and using time one utilize which means you’re in fact purchasing the specific property instead of utilizing leverage anyway you won’t get hit with these costs but 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 selling in the exact same day so let’s state if you enter into the aid section this isn’t the overnight charges details you can see precisely the breakdown and it’ll inform you what are the charges what are the charges then for when you’re doing overnight or you’re doing over weekends which only applies as i said to cfds there are some service charges naturally depending upon what you are investing in too this is on your own so keep that in mind but complete fees are totally within their aid information okay and we discussed as well as complimentary to deposit in but there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds regular product stock shares whatever there’s that five dollar withdrawal charge now another thing to call it as i have actually said copy trading and copy portfolios are two various ways of in fact utilizing these copy works they do not have any additional fees on top of the regular charges that
are there now what you need to remember though is these possibly handled by other people completely or in some cases have actually created portfolios you have actually got a genuine individual doing the management you need to make certain you select the individual that’s right for you much like any profession this is your monetary possessions so we absolutely require to make certain it’s the best individual 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 couple of different alternatives for us to start with if you’re brand new to investing i want to draw your attention to this within you have the alternative to invest genuine money or a virtual platform virtual means 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 essentially have this virtual portfolio imitate as if you are using your own cash but really purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfy with using your real cash possibly this is a terrific option for you once again to test the theories alright you might wish to buy tesla or apple or this etf why not use the virtual choice as a way to type of safe play with it clearly you may have missed out on gains and losses during that time obviously if you had invested your real money it permits you to build confidence comprehend the platform so that’s one option for you then next week and i’m going to return to my real portfolio here now we’re going to deep dive really how to copy individuals and copy portfolios now here’s something to keep in mind before you select somebody that you’re going to copy or a portfolio you’re going to copy make sure you comprehend what your threat 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 financial investments the riskier you can be run the risk of just suggests am i okay with possibly losing a good quantity of this financial investment or acquiring as
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well now keep in mind whatever is ups and downs you will make money you’ll lose cash that’s why they make the fact 75 people will lose cash but that similarly suggests they’ll lose at some point in their journey certainly individuals do earn money also and i’ve got videos everything about how you can ensure you are among individuals to really make money however in this circumstance make sure you research your threat level would you be fine providing your cash to another person which is efficiently what you’re doing and trusting them make sure you understand what they’re purchasing completely if you’re someone who isn’t wanting to be that dangerous don’t pick 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 want some up-and-coming single stocks in your portfolio do the exact same with who you’re following now as i state you can really utilize this too really easily over here you can copy individuals now it will provide you a great deal of options and you can utilize the system to in fact search for somebody that you elegant in fact following so let’s see maybe we desire someone from joined kingdom um who buys let’s see who does etfs they have actually gotten a minimum of 10 yeah that sounds reasonable that sounds a good amount and i can discover everybody who has met that criteria and it does provide you a risk aspect also 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
bear in mind it’s like anything to do with the news or forecasts of the future this does not mean somebody 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 easy as clicking the copy button and off you go and after that you know ask you to validate are you okay with this and off you go now another way to actually deep dive if we click on this person for instance ruby mza as an example you can really deep dive into what is she really purchasing 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 good to know ibm paypal yep she’s absolutely like sort of into those blue box and the tech industry she’s got a few of mine really that i buy too which is excellent so in fact for me knowing what i like to purchase my individual stocks and shares she would resonate with me she’s got a great spread in tech business that seems to be what she prefers she’s also got a little bit more um of the kind of primary food companies and you have actually got you understand pharmaceutical and production business as that. Sea La Vie Salon Bluffton.
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