So to start the answer to Bakkt Vs Etoro….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 wish to invest and you want somebody to do it for you there’s only a couple of ways that that can occur the first of all you can work with a financial investment portfolio supervisor they’ll generally charge a rather a high premium to do that perhaps a couple of percent of your revenues will go to them the other thing is of course you can purchase mutual funds particular 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 too now if you’re brand new to an overall please bear in mind this platform is rather advanced you can do cfds which naturally cfds are ways of investing
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with not actually having the total of capital so with anything that you’re discovering please do study the platform do not just assume since i use it that you can use it right now do some due diligence have a little play around with it even invest with virtual cash they give that option as well so you really get used to the structure of the site and then when you’re ready to utilize your own cash 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 companies if you pick to in this specific video we’re speaking about how to copy other individuals’s financial investments with your cash so certainly your capital is at risk and we need to bear that in mind do not just do something since that individual has stated they have actually made profit 14 months in a row invest in these choices since you think is the right ones for you and that being stated let’s dive straight in [Music] so the things we’re going to cover in this video is comprehending what is copy trading what are copy portfolios it belongs to social trading which is one aspect that is probably.
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well-known for it’s the choice to see what other traders are doing incredible we don’t generally get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading and so that suggests with our cash we can in fact say i wish to do precisely what that trader is doing or match that precise portfolio of choices and essentially whenever they make a trade they buy they sell whatever they do your money will be imitated with it so that indicates if for instance 10 of their financial investment portfolio remains in tesla guess what you’ll now be investing 10 of your money in so we’re going to likewise cover is the charges included truly critical 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 buying the selling for you there’s going to be charges included and even some of the zero charge sites then may not charge you for actually buying and selling etfs or funds individual products 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 sort of costs associated so do your due diligence and i’m going to show you the charges with in particular in this video the next would be things to understand prior to you really begin 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 more advanced investor so let’s begin with charges actually important to understand these now on there’s a number of costs there isn’t charges to do with really buying and selling fine so commission fees are free nevertheless there are a couple of other costs the first one is withdrawal fees 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 automatically converted into us dollars and i’ll cover a little point about that in the future but when you wish to withdraw your cash so you sell your shares you offer your commodities 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 understanding that i’m going to ensure that i’m only withdrawing when i definitely need to now you might say all right that’s rather costly 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 simply one of those alternatives that they have a great deal of platforms undoubtedly are complimentary 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 when every six months you know depends totally how you’re investing but that is a fee to bear in mind the second fee that i’ve touched upon is that conversion cost now with you’re handling us dollars just there’s not a choice to purchase in euros or uk and that’s fine that suits me.
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a lot of my stocks are us dollar stocks anyway or the etfs that i’m buying or perhaps some crypto so i’m great with that we have what’s called the fx currency conversion charge now when you use anybody so if you’re using trading two and 2 free trade anyone at all this is basic they have actually i suppose stuck with whatever fee they charge for that conversion rate you sort of have to accept you know if you wish to use their platform go from uk to us then that conversion fee is there what are they actually offering 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 rather you have to pay their costs now the great thing about however when you have actually transformed 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 indicates the preliminary day that you buy or convert your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any additional fees so that’s truly great using that part of their site will not certainly limit you in any way nevertheless we have to know two other charges the first being what’s called spread fees alright and i’m going to reveal you what i suggest on now a spread fee as i’m going to show you
on is basically the distinction that becomes part of the investment platform between the buy price and the price all right 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 value 599 per share in tesla that really suggests that when you wish to purchase or offer as you can see it’s not the rate you’re seeing up here let me show you that once again so the existing cost of tesla is the value of a share what’s called spread costs is the distinction then really to buy that share on the platform and you’ll find this all over this is another manner in which they make a percentage of profit from you each time you do a buyer’s share so keep that in mind certainly it’s more pricey to buy than it is to sell so they’re going to offer you less back with your sale and you state okay well why does that occur 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 want to sell it which is how they make a bit of cash on those spread charges it’s usually extremely small it could be a matter of pens matter of cents in there however that’s one location every investment firm will once again make a bit cash now the last feat is called an
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overnight charge now this is actually important if you’re really utilizing cfds yourself too an overnight cost is when you’re refraining from doing that buy sell deal in the very same day all right there’s then an over night cost charged or perhaps if you go from the friday to the monday prior to sailing a weekend fee now this only 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 really buying the specific property instead of using take advantage of anyway you won’t get hit with these costs however these costs are if you’re using utilize and cfds and then you’re going to have these fees if you’re not buy offering in the exact same day so let’s state if you go into the help section this isn’t the overnight costs 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 applies as i stated to cfds there are some added fees of course depending upon what you are purchasing also this is on your own so keep that in mind however full charges are completely within their aid info okay and we spoke about 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 five dollar withdrawal fee now another thing to call it as i have actually stated copy trading and copy portfolios are two different methods of in fact utilizing these copy operates they do not have any additional costs on top of the typical costs that
exist now what you require to bear in mind though is these potentially handled by other people totally or sometimes have developed portfolios you have actually got a real person doing the management you need to ensure you select the person that’s right for you similar to any profession this is your financial properties so we absolutely require to ensure it’s the ideal person 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 to start with if you’re brand new to investing i wish to draw your attention to this within you have the alternative to invest real money or a virtual platform virtual means i believe you get yep a hundred thousand dollars to play with and it’s not real money that you’re investing you won’t require to put in your credit card information or anything you can basically have this virtual portfolio simulate as if you are using your own cash however really buy pretend buy copy people whatever you like if you’re not
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feeling comfy with utilizing your real money maybe this is a great choice for you again to check the theories alright you may want to buy tesla or apple or this etf why not use the virtual option as a way to sort of safe play with it clearly you might have lost out on gains and losses throughout that time obviously if you had invested your real cash it permits you to construct confidence comprehend 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 individuals and copy portfolios now here’s something to keep in mind prior to you pick someone that you’re going to copy or a portfolio you’re going to copy ensure you comprehend what your danger profile is now what do i suggest by that certainly for me i’m investing long term and they tend to say the longer you’re leaving your financial investments the riskier you can be risk just implies am i okay with potentially losing a great quantity of this investment or getting as
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well now remember whatever is downs and ups you will earn money you’ll lose cash that’s why they make the figure 75 individuals will lose cash but that equally indicates they’ll lose at some time in their journey obviously people do generate income as well and i’ve got videos everything about how you can make sure you’re one of the people to actually make money however in this scenario make sure you research your threat level would you be all right giving your cash to someone else which is effectively what you’re doing and trusting them ensure you understand what they’re purchasing fully if you’re somebody who isn’t wishing to be that risky do not choose somebody who’s totally into crypto or currency conversion think about it you ‘d most likely want a foundation of strong commodities
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like gold and even oil plus more standard etfs and index funds you might not desire some up-and-coming single stocks in your portfolio do the exact same with who you’re following now as i say you can in fact use this too actually easily over here you can copy people now it will offer you a great deal of choices and you can utilize the system to actually search for someone that you fancy in fact following so let’s see maybe we desire somebody from joined kingdom um who buys let’s see who does etfs they’ve acquired at least 10 yeah that sounds fair that sounds a great quantity and i can discover everyone who has actually satisfied that criteria and it does offer you a threat factor also 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 people that have rather high returns
remember it’s like anything to do with the news or predictions 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 chance to ensure 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 validate 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 actually deep dive into what is she really purchasing 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 great to understand ibm paypal yep she’s absolutely like sort of into those blue box and the tech market she’s got a few of mine really that i purchase too which is great so actually for me understanding what i like to purchase my specific stocks and shares she would resonate with me she’s got a great spread in tech companies that appears to be what she prefers she’s also got a bit more um of the kind of main food companies and you’ve got you know pharmaceutical and production business as that. Bakkt Vs Etoro.
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