We get htis a lot on our site the answer to Werner Bachmaier Etoro….Concerns that i speak with new investors what if you’re brand new to investing you just do not wish to choose what you actually wish to invest and you desire someone to do it for you there’s just a number of manner ins which that can occur the firstly you can work with a financial investment portfolio supervisor 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 of course you can buy mutual funds specific funds are developed 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 rather sophisticated you can do cfds which of course cfds are ways of investing
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with not in fact having the full amount of capital so with anything that you’re learning more about please do study the platform do not just assume because i utilize it that you can utilize it immediately do some due diligence have a little play around with it even invest with virtual cash they consider that alternative also so you actually get utilized to the structure of the site and after that when you’re ready to utilize 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 buying genuine business if you pick to in this specific video we’re speaking about how to copy other individuals’s investments with your money so clearly your capital is at danger and we have to bear that in mind do not just do something because that person has said they’ve made revenue 14 months in a row invest in these choices because you think is the ideal ones for you which 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 most likely.
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popular for it’s the alternative to see what other traders are doing unbelievable we don’t typically get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading therefore that suggests with our money we can in fact say i want to do precisely what that trader is doing or match that specific portfolio of choices and basically each time they make a trade they buy they sell whatever they do your money will be mimicked with it so that suggests if for instance 10 of their financial investment portfolio remains in tesla guess what you’ll now be investing 10 of your cash in so we’re going to likewise cover is the costs included actually critical you understand what are the expenses of this now with any platform there will be some expense to obviously these are genuine business that are investing they’re doing the buying the selling for you there’s going to be charges involved and even some of the absolutely no fee sites then may not charge you for actually buying and selling funds or etfs specific commodities individual stocks.
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there’ll be costs on other parts maybe it’s our fx rate when you’re altering from uk to u.s dollars there’s all kinds of charges associated so do your due diligence and i’m going to show you the costs with in particular in this video the next would be things to know before you really start buying copy trading or copy portfolios and lastly some finest advice finest practices if you are thinking about this as a tool whether you start your journey or your advanced investor so let’s start with charges actually crucial to comprehend these now on there’s a number of costs there isn’t charges to do with really buying and selling alright so commission fees are complimentary however there are a number of other fees the very first one is withdrawal costs so you can certainly put cash in now if you remain 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 but when you want to withdraw your cash so you offer your shares you sell your products whatever you’re selling the minimum amount you can withdraw is thirty dollars back out and they do charge you five dollars per withdrawal so for me of course knowing that i’m going to ensure that i’m just withdrawing when i definitely need to now you may say okay that’s rather costly and i get that but it’s all to do with how they run their platform they have to charge costs somewhere and withdrawal charges are just among those options 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 largely it can be perhaps even once a year when every 6 months you understand depends completely how you’re investing however that is a fee to bear in mind the 2nd fee that i’ve discussed is that conversion fee now with you’re dealing in us dollars just there’s not a choice to purchase in euros or uk which’s great that fits me.
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a lot 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 use anyone so if you’re utilizing trading 2 and 2 free trade anybody this is standard they have i suppose stuck with whatever cost they charge for that conversion rate you sort of have to accept you know if you wish to utilize their platform go from uk to us then that conversion fee 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 say offer me us dollars rather you have to pay their charges now the excellent feature of however when you’ve 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 happens now with copy trading and copy portfolios there aren’t any extra costs so that’s actually excellent utilizing that part of their site won’t definitely restrict you in any way however we have to be aware of 2 other costs the very first being what’s called spread fees okay and i’m going to reveal you what i imply on now a spread charge as i’m going to show you
on is essentially the difference that is part of the investment platform between the buy cost and the sale 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 worth 599 per share in tesla that actually indicates that when you wish to sell or buy as you can see it’s not the rate you’re seeing up here let me show you that again so the existing cost of tesla is the value of a share what’s called spread charges is the distinction then in fact to buy that share on the platform and you’ll find this everywhere this is another way that they make a small amount of profit from you each time you do a buyer’s share so keep that in mind undoubtedly it’s more pricey to purchase than it is to sell 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 between if you’re buying it then you wish to offer it and that is how they make a bit of money on those spread fees it’s usually 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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overnight cost now this is actually important if you’re actually utilizing cfds yourself also an over night fee is when you’re refraining from doing that buy offer transaction in the exact same day okay there’s then an overnight cost charged and even if you go from the friday to the monday prior to sailing a weekend cost now this only applies to cfds so if you’re really buying out the etf the stock the product and utilizing time one leverage which means you’re really buying the precise possession instead of utilizing utilize anyway you won’t get hit with these charges but these fees are if you’re using take advantage of and cfds and after that you’re going to have these costs if you’re not buy selling in the same day so let’s state if you go into the help area this isn’t the overnight costs details 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 over night or you’re doing over weekends which only uses as i said to cfds there are some added fees of course depending on what you are buying as well this is on your own so keep that in mind however complete fees are entirely within their aid information all right and we discussed along with free to deposit in however 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 5 dollar withdrawal fee now another thing to call it as i’ve stated copy trading and copy portfolios are 2 various methods of actually using these copy operates they don’t have any additional costs on top of the regular fees that
exist now what you need to remember though is these possibly handled by other individuals completely or sometimes have actually produced portfolios you’ve got a genuine person doing the management you need to make certain you select the person that’s right for you much like any profession this is your financial possessions so we absolutely require to make certain it’s the right person for us before we copy them so the first things i would call it if you do want to use 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 alternative to invest genuine cash or a virtual platform virtual methods i believe you get yep a hundred thousand dollars to play with and it’s not real cash that you’re investing you won’t require to put in your credit card information or anything you can essentially have this virtual portfolio simulate as if you are using your own money but actually purchase pretend buy copy people whatever you like if you’re not
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feeling comfortable with using your genuine money perhaps this is a fantastic choice for you again to evaluate the theories fine you might wish to purchase tesla or apple or this etf why not use the virtual alternative as a way to sort of safe have fun with it certainly you may have missed out on gains and losses during that time of course if you had invested your genuine cash it permits you to construct self-confidence comprehend the platform so that’s one choice 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 individuals and copy portfolios now here’s something to bear in mind prior to you choose 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 mean 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 just implies am i alright with potentially losing an excellent quantity of this financial investment or getting as
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well now remember whatever is downs and ups you will make money you’ll lose money that’s why they make the fact 75 individuals will lose money however that similarly implies they’ll lose at some time in their journey certainly people do make money also and i’ve got videos all about how you can make sure you are among individuals to really generate income however in this scenario make certain you research your danger level would you be alright offering your money to another person which is successfully what you’re doing and trusting them make certain you understand what they’re investing in fully if you’re somebody who isn’t wishing to be that risky don’t pick somebody who’s totally into crypto or currency conversion think of 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 utilize this too actually easily over here you can copy individuals now it will offer you a great deal of choices and you can use the system to actually search for somebody that you elegant really following so let’s see possibly we desire somebody from joined kingdom um who invests in let’s see who does etfs they’ve gotten a minimum of 10 yeah that sounds reasonable that sounds a great amount and i can find everyone who has actually met that criteria and it does offer you a danger aspect as well so it tends to be the higher the number the more riskier they are with their stock investing now obviously there are a variety of individuals that have rather high returns
bear 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 might make four or minus 50 there’s no way to guarantee so do keep that in mind and as simple as clicking the copy button and off you go and after that you know ask you to validate are you alright with this and off you go now another method to really deep dive if we click 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 quite heavy into microsoft mastercard amazon she likes her tech a bit so that’s great to know ibm paypal yep she’s absolutely like type of into those blue box and the tech industry she’s got some of mine really that i invest in too which is great so actually for me understanding what i like to invest in my specific stocks and shares she would resonate with me she’s got a good spread in tech companies that appears to be what she prefers she’s also got a little bit more um of the type of main food companies and you have actually got you understand pharmaceutical and production business as that. Werner Bachmaier Etoro.
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