So to start the answer to Cheryl Dixon Roberson Etoro….Questions that i speak with new investors what if you’re brand new to investing you just don’t want to choose what you actually wish to invest and you desire someone to do it for you there’s only a couple of ways that that can take place the firstly you can employ an investment portfolio supervisor they’ll generally charge a rather a high premium to do that maybe a couple of percent of your earnings will go to them the other thing is of course you can purchase mutual funds specific funds are developed 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 too now if you’re brand new to a total 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 actually having the full amount of capital so with anything that you’re learning more about please do study the platform do not simply presume because 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 option as well so you really get utilized to the structure of the website and after that when you’re ready to use your own cash to invest you can do so now i will disclaim obviously your capital is at threat this is investing we’re doing you’re purchasing genuine companies 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 risk and we need to bear that in mind do not simply do something since that person has actually stated they have actually made profit 14 months in a row purchase these options due to the fact that you think is the ideal ones for you which being said 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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famous for it’s the alternative to see what other traders are doing incredible we do not normally get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading and so that means with our money we can actually say i want to do exactly what that trader is doing or match that precise portfolio of options and basically whenever they make a trade they purchase 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 cash in so we’re going to likewise cover is the costs involved actually vital you comprehend what are the costs of this now with any platform there will be some cost to obviously these are real companies 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 zero cost websites then may not charge you for actually buying and selling etfs or funds specific products specific stocks.
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there’ll be charges on other parts possibly it’s our fx rate when you’re changing from uk to u.s dollars there’s all sort of fees associated so do your due diligence and i’m going to reveal you the charges with in particular in this video the next would be things to know before you really start investing in copy trading or copy portfolios and lastly some best recommendations best practices if you are thinking about this as a tool whether you start your journey or your advanced investor so let’s start with costs actually crucial to comprehend these now on there’s a couple of fees there isn’t costs to do with really buying and selling alright so commission fees are totally free however there are a couple of other costs the first one is withdrawal fees 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 but when you want to withdraw your money so you offer your shares you offer your products 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 obviously knowing that i’m going to ensure that i’m just withdrawing when i definitely need to now you might state fine that’s rather costly and i get that but it’s all to do with how they run their platform they have to charge fees somewhere and withdrawal costs are simply among those alternatives that they have a lot of platforms obviously are free to do such things has this 5 dollar charge so in my eyes make your withdrawals mainly it can be perhaps even once a year once every 6 months you know depends totally how you’re investing however that is a fee to remember the 2nd charge that i’ve discussed is that conversion fee now with you’re handling us dollars only there’s not an alternative 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 purchasing and even some crypto so i’m excellent with that we have what’s called the fx currency conversion fee now when you utilize anyone so if you’re utilizing trading two and 2 free trade anyone at all this is standard they have i expect stuck to whatever charge they charge for that conversion rate you kind of need to accept you know if you want 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 bargain with them you can’t go to the bank and state offer me us dollars instead you have to pay their charges now the excellent feature of however when you’ve converted your cash you do not need to invest it immediately that dollar worth can sit in your portfolio as cash dollars for as long as you like so that means the preliminary day that you purchase or convert your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any additional charges so that’s actually good using that part of their site will not certainly limit you in any way nevertheless we need to understand 2 other charges the first being what’s called spread costs fine and i’m going to show 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 financial investment platform in between the buy price and the price alright it’s their premium on doing both those 2 actions now tesla if you can see on this part of the website today tesla’s dollar worth 599 per share in tesla that in fact implies that when you want to offer or purchase as you can see it’s not the rate you’re seeing up here let me show you that once again so the existing price of tesla is the value of a share what’s called spread fees is the distinction then in fact to purchase that share on the platform and you’ll discover this everywhere this is another manner in which they make a percentage of profit from you every time you do a buyer’s share so keep that in mind undoubtedly it’s more costly to buy than it is to offer so they’re going to offer you less back with your sale and you state fine well why does that happen it simply does that is the nature of a great deal of platforms out there there’s a distinction between if you’re buying it then you wish to sell it which is how they make a little bit of cash on those spread out charges it’s generally incredibly little it could be a matter of pens matter of cents in there however that’s one location every investment company will again make a little bit money now the last accomplishment is called an
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over night cost now this is actually crucial if you’re actually utilizing cfds yourself also an over night cost is when you’re refraining from doing that buy sell transaction in the very same day all right there’s then an over night cost charged and even 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 utilizing time one leverage which means you’re actually purchasing the precise property instead of utilizing leverage anyhow you will not get hit with these fees but these costs are if you’re utilizing utilize and cfds and then you’re going to have these costs if you’re not buy selling in the same day so let’s state if you enter into the help area this isn’t the overnight costs info 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 over night or you’re doing over weekends and that only uses as i stated to cfds there are some service charges of course depending upon what you are purchasing too this is on your own so keep that in mind however full charges are totally within their assistance details fine and we spoke about along with free to deposit in but there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds regular commodity stock shares everything there’s that 5 dollar withdrawal cost now another thing to call it as i’ve stated copy trading and copy portfolios are two various methods of really utilizing these copy functions they do not have any extra charges on top of the normal charges that
exist now what you require to remember though is these possibly handled by other individuals entirely or in some cases have created portfolios you’ve got a genuine individual doing the management you need to make sure you choose the individual that’s right for you just like any profession this is your financial assets so we absolutely require to make sure it’s the best person for us prior to we copy them so the first things i would call it if you do wish to use this function we have actually got a couple of various alternatives for us first off if you’re brand new to investing i want to draw your attention to this within you have the choice to invest real 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 won’t need to put in your charge card details or anything you can essentially have this virtual portfolio simulate as if you are using your own money but in fact purchase pretend buy copy people whatever you like if you’re not
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feeling comfy with using your genuine cash perhaps this is a great choice for you once again to check the theories alright you may want to purchase tesla or apple or this etf why not use the virtual alternative as a way to kind of safe have fun with it certainly you may have missed out on gains and losses throughout that time naturally if you had invested your real money it permits you to construct self-confidence understand 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 keep in mind prior to you select somebody that you’re going to copy or a portfolio you’re going to copy ensure you understand what your risk profile is now what do i mean by that clearly for me i’m investing long term and they tend to state the longer you’re leaving your investments the riskier you can be run the risk of just means am i all right with possibly losing an excellent amount of this investment or acquiring as
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well now remember everything is ups and downs 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 eventually in their journey undoubtedly people do make money as well and i have actually got videos all about how you can make certain you are among the people to in fact earn money but in this situation make certain you research study your danger level would you be fine providing your cash to somebody else which is efficiently what you’re doing and trusting them make certain you comprehend what they’re purchasing totally if you’re somebody who isn’t wishing to be that dangerous don’t pick somebody who’s totally into crypto or currency conversion think of it you ‘d probably want a backbone of strong commodities
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like gold or even oil plus more traditional etfs and index funds you may 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 really use this too actually quickly over here you can copy people now it will give you a great deal of choices and you can utilize the system to really look for someone that you fancy in fact following so let’s see perhaps we want 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 great quantity and i can find everyone who has fulfilled that requirements and it does provide you a risk aspect also so it tends to be the greater the number the more riskier they are with their stock investing now undoubtedly there are a variety of individuals that have quite high returns
remember it’s like anything to do with the news or forecasts of the future this does not imply someone will make 56 for you for the next 12 months they could make four or minus 50 there’s no other way to ensure so do keep that in mind and as basic as clicking the copy button and off you go and then you understand ask you to confirm are you fine with this and off you go now another method to in fact deep dive if we click on this person for example ruby mza as an example you can in fact 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 little bit so that’s great to know ibm paypal yep she’s certainly like kind of into those blue box and the tech industry she’s got some of mine in fact that i purchase too which is great so actually for me understanding what i like to buy my individual stocks and shares she would resonate with me she’s got a good spread in tech business that appears to be what she prefers she’s likewise got a bit more um of the type of primary food business and you’ve got you understand pharmaceutical and production companies as that. Cheryl Dixon Roberson Etoro.
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