We get this a lot on our site and the answer to Winkelvoss Etoro….Questions that i hear from brand-new financiers what if you’re brand new to investing you just don’t wish to choose what you actually wish to invest and you desire someone to do it for you there’s just a couple of ways that that can occur the firstly you can work with a financial investment portfolio supervisor they’ll typically charge a rather a high premium to do that maybe 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 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 an overall please bear in mind this platform is rather advanced you can do cfds which of course 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 simply presume since i utilize it that you can utilize it immediately do some due diligence have a little experiment with it even invest with virtual cash they give that choice also so you in fact get utilized to the structure of the website and then 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 investing in real business if you select to in this specific video we’re discussing how to copy other people’s financial investments with your cash so clearly your capital is at threat and we need to bear that in mind do not simply do something because that individual has actually said they’ve made revenue 14 months in a row invest in these options because you think is the best ones for you and that being stated let’s dive straight in [Music] so the important 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 element that is probably.
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popular for it’s the option to see what other traders are doing amazing we do not generally get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading and so that suggests with our cash we can actually say i want to do exactly what that trader is doing or match that exact portfolio of options and generally every time they make a trade they buy they offer whatever they do your money will be imitated with it so that indicates 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 charges involved really crucial you understand what are the costs of this now with any platform there will be some expense 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 some of the zero fee sites then may not charge you for actually buying and selling etfs or funds specific commodities specific stocks.
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there’ll be charges 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 fees with in particular in this video the next would be things to know before you actually start investing in copy trading or copy portfolios and finally some best suggestions finest practices if you are considering this as a tool whether you start your journey or your more advanced financier so let’s kick off with charges truly important to understand 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 free nevertheless there are a number of other charges 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 money.
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and it’s immediately converted into us dollars and i’ll cover a little point about that later but when you want to withdraw your money 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 5 dollars per withdrawal so for me of course knowing that i’m going to make certain that i’m only withdrawing when i absolutely need to now you may state okay that’s quite expensive and i get that however it’s all to do with how they run their platform they have to charge costs someplace and withdrawal charges are just among those alternatives that they have a lot of platforms clearly are totally free 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 as soon as every 6 months you understand depends totally how you’re investing but that is a charge to bear in mind the 2nd fee that i’ve discussed is that conversion cost now with you’re handling us dollars only there’s not an option 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 anyhow or the etfs that i’m buying or even some crypto so i’m excellent with that we have what’s called the fx currency conversion cost now when you utilize anybody so if you’re using trading 2 and 2 free trade anyone at all this is standard they have actually i suppose 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 cost exists what are they really providing you in terms of 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 say give me us dollars rather you have to pay their costs now the fantastic feature of though when you have actually transformed your money you do not need to invest it right now that dollar value 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 extra fees so that’s actually great utilizing that part of their website won’t certainly limit you in any way nevertheless we need to understand 2 other costs the very first being what’s called spread fees okay and i’m going to show you what i mean on now a spread cost as i’m going to reveal you
on is essentially the distinction that becomes part of the investment platform between the buy cost and the list price fine it’s their premium on doing both those two actions now tesla if you can see on this part of the site today tesla’s dollar worth 599 per share in tesla that really means that when you want to sell or buy as you can see it’s not the cost you’re seeing up here let me reveal you that again so the existing price of tesla is the worth of a share what’s called spread costs is the distinction 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 make money from you every time you do a buyer’s share so keep that in mind certainly it’s more expensive to buy than it is to offer so they’re going to give you less back with your sale and you state alright well why does that happen it simply does that is the nature of a great deal of platforms out there there’s a distinction in between if you’re buying it then you wish to sell it and that is how they make a bit of money on those spread costs it’s usually incredibly small it could be a matter of pens matter of cents in there but that’s one location every investment firm will once again make a little bit money now the last task is called an
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over night cost now this is truly important if you’re actually using cfds yourself too an over night fee is when you’re not doing that buy offer deal in the very same day alright there’s then an overnight cost charged or even if you go from the friday to the monday before sailing a weekend fee now this just applies to cfds so if you’re in fact buying out the etf the stock the commodity and utilizing time one leverage which indicates you’re in fact purchasing the precise property instead of utilizing take advantage of anyhow you will not get hit with these fees but these costs are if you’re using leverage and cfds and then you’re going to have these charges if you’re not buy selling in the same day so let’s state if you enter into the assistance section this isn’t the over night costs info you can see exactly the breakdown and it’ll tell you what are the charges what are the fees then for when you’re doing overnight or you’re doing over weekends and that just uses as i stated to cfds there are some additional charges naturally depending on what you are purchasing as well this is on your own so keep that in mind but full costs are totally within their assistance information all right and we talked about in addition to free to deposit in but there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds normal 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 2 various ways of actually utilizing these copy operates they don’t have any additional costs on top of the typical charges that
are there now what you require to keep in mind though is these possibly managed by other people entirely or often have created portfolios you have actually got a genuine person doing the management you have to ensure you pick the person that’s right for you much like any profession this is your monetary assets so we absolutely require to make sure 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 utilize this function we’ve got a number of various options for us first off if you’re brand new to investing i want to draw your attention to this within you have the option to invest genuine cash or a virtual platform virtual means i think you get yep a hundred thousand dollars to play with and it’s not real money that you’re investing you will not require to put in your charge card details or anything you can basically have this virtual portfolio imitate as if you are utilizing your own cash but in fact purchase pretend buy copy people whatever you like if you’re not
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feeling comfortable with using your genuine cash possibly this is a great alternative for you again to test the theories all right you may wish to purchase tesla or apple or this etf why not utilize the virtual alternative as a way to kind of safe have fun with it obviously you may have missed out on gains and losses throughout that time naturally if you had actually invested your genuine money it permits you to build self-confidence understand 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 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 state the longer you’re leaving your financial investments the riskier you can be risk just suggests am i okay with possibly losing a great amount of this financial investment or acquiring as
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well now keep in mind everything is ups and downs you will generate income you’ll lose money that’s why they make the statistic 75 individuals will lose cash but that equally means they’ll lose at some time in their journey undoubtedly individuals do earn money as well and i have actually got videos all about how you can make sure you’re one of the people to actually make money but in this scenario make certain you research study your threat level would you be okay providing your money to another person which is successfully what you’re doing and trusting them make sure you comprehend what they’re buying totally if you’re somebody who isn’t wanting to be that dangerous do not select someone who’s entirely into crypto or currency conversion think about it you ‘d most likely want a foundation 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 same with who you’re following now as i state you can actually use this too truly easily over here you can copy individuals now it will give you a lot of choices and you can utilize the system to really search for someone that you fancy actually following so let’s see perhaps we desire somebody from unified kingdom um who buys let’s see who does etfs they have actually gotten at least 10 yeah that sounds reasonable that sounds an excellent amount and i can find everybody who has satisfied that requirements and it does offer you a threat element as well so it tends to be the greater the number the more riskier they are with their stock investing now undoubtedly there are a number of individuals that have rather high returns
keep in mind it resembles anything to do with the news or predictions of the future this does not indicate someone will make 56 for you for the next 12 months they could make 4 or minus 50 there’s no chance to guarantee so do keep that in mind and as basic as clicking the copy button and off you go and then you know ask you to confirm are you okay with this and off you go now another way to in fact deep dive if we click on this person for instance ruby mza as an example you can in fact deep dive into what is she really buying so let’s go into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a little bit so that’s good to understand 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 purchase too which is good so in fact for me understanding what i like to purchase my private stocks and shares she would resonate with me she’s got a good 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 business and you’ve got you know pharmaceutical and production business as that. Winkelvoss Etoro.
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