We get htis a lot on our site the answer to Tobin Tax Etoro….Questions that i speak with brand-new investors what if you’re brand new to investing you just do not want to choose what you in fact want to invest and you want someone to do it for you there’s just a number of manner ins which that can happen the firstly you can hire an investment portfolio manager they’ll generally charge a quite 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 specific funds are created once 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 a total please remember this platform is rather sophisticated you can do cfds which naturally 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 about please do study the platform don’t simply presume 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 consider that option as well so you in fact get used to the structure of the website and then when you’re ready to use your own cash to invest you can do so now i will disclaim naturally your capital is at risk this is investing we’re doing you’re buying genuine companies if you select to in this specific video we’re discussing how to copy other people’s financial investments with your cash so obviously your capital is at threat and we need to bear that in mind do not just do something since that person has actually stated they have actually made revenue 14 months in a row buy these choices since you believe is the best ones for you which being stated 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 aspect that is probably.
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popular for it’s the choice to see what other traders are doing extraordinary we do not usually get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading and so that implies with our cash we can actually say i wish to do precisely what that trader is doing or match that specific portfolio of alternatives and essentially every time they make a trade they buy they sell whatever they do your cash will be imitated with it so that suggests 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 costs involved really critical you comprehend what are the expenses of this now with any platform there will be some expense to undoubtedly 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 some of the absolutely no cost sites then may not charge you for in fact buying and selling funds or etfs private products specific stocks.
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there’ll be fees on other parts maybe it’s our fx rate when you’re altering from uk to u.s dollars there’s all type of fees 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 buying copy trading or copy portfolios and lastly some best guidance best practices if you are thinking about this as a tool whether you start your journey or your more advanced investor so let’s start with fees truly important to understand these now on there’s a couple of costs there isn’t costs to do with actually buying and selling okay so commission costs are totally free nevertheless there are a couple of other fees 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 instantly converted into us dollars and i’ll cover a little point about that later on however when you wish to withdraw your money 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 5 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 might say fine that’s rather expensive and i get that but it’s all to do with how they run their platform they need to charge costs somewhere and withdrawal charges are just among those options that they have a lot of platforms undoubtedly are complimentary to do such things has this five dollar charge so in my eyes make your withdrawals mainly it can be perhaps even once a year once every 6 months you understand depends entirely how you’re investing however that is a cost to keep in mind the 2nd charge that i have actually touched upon is that conversion charge now with you’re dealing in us dollars just there’s not an option to buy in euros or uk which’s great that matches me.
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a great deal of my stocks are us dollar stocks anyway or the etfs that i’m buying or perhaps some crypto so i’m good 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 two open market anyone at all this is standard 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 utilize their platform go from uk to us then that conversion fee exists what are they really giving 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 state offer me us dollars rather you need to pay their costs now the fantastic aspect of however when you’ve converted your cash you do not have to invest it right away that dollar worth can sit in your portfolio as money 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 takes place now with copy trading and copy portfolios there aren’t any extra costs so that’s actually excellent utilizing that part of their website won’t certainly restrict you in any way however we have to know 2 other charges the very first being what’s called spread charges alright and i’m going to show you what i suggest on now a spread charge as i’m going to reveal you
on is essentially the distinction that is part of the investment platform in between the buy price and the list price all right 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 really suggests that when you wish to purchase or sell as you can see it’s not the rate 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 fees is the distinction then in fact to buy that share on the platform and you’ll discover this everywhere this is another way that they make a small amount of profit from you every time you do a purchaser’s share so keep that in mind certainly it’s more costly to purchase than it is to sell so they’re going to give you less back with your sale and you say okay well why does that occur it simply does that is the nature of a great deal of platforms out there there’s a difference 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 normally extremely small it could be a matter of pens matter of cents in there however that’s one place every investment firm will again make a little bit cash now the last feat is called an
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over night fee now this is really essential if you’re really utilizing cfds yourself also an overnight charge is when you’re refraining from doing that buy sell transaction in the very same day all right there’s then an overnight cost charged or 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 really buying out the etf the stock the commodity and using time one take advantage of which implies you’re really buying the specific asset rather than using leverage anyhow you will not 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 costs if you’re not buy offering in the same day so let’s say if you go into the help area this isn’t the overnight charges info you can see exactly the breakdown and it’ll tell you what are the charges what are the costs then for when you’re doing over night or you’re doing over weekends which only applies as i stated to cfds there are some surcharges obviously depending on what you are purchasing too this is on your own so keep that in mind however complete costs are totally within their help info fine and we discussed along with totally free to deposit in but there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds normal commodity stock shares everything there’s that five dollar withdrawal cost now another thing to call it as i have actually stated copy trading and copy portfolios are two various ways of really utilizing these copy functions they do not have any additional costs on top of the regular fees that
are there now what you need to keep in mind though is these possibly handled by other people totally or often have produced portfolios you have actually got a real individual doing the management you need to make certain you pick the individual that’s right for you just like any type of work this is your monetary possessions so we absolutely require to make certain it’s the right person for us prior to we copy them so the first things i would call it if you do want to use this function we have actually got a couple of different alternatives 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 real cash or a virtual platform virtual means i believe you get yep a hundred thousand dollars to play with and it’s not real cash that you’re investing you will not require to put in your charge card information or anything you can essentially have this virtual portfolio simulate as if you are utilizing your own cash however in fact buy pretend buy copy individuals whatever you like if you’re not
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feeling comfy with using your real money possibly this is a terrific option for you again to check the theories alright you may wish to buy tesla or apple or this etf why not utilize the virtual option as a method to sort of safe play with it certainly you might have lost out on gains and losses during that time naturally if you had invested your genuine money it permits you to develop confidence understand the platform so that’s one alternative for you then next week and i’m going to go back 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 before you choose someone 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 state the longer you’re leaving your investments the riskier you can be risk simply indicates am i alright with possibly losing a good quantity of this financial investment or gaining as
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well now keep in mind everything is downs and ups you will earn money you’ll lose cash that’s why they make the fact 75 people will lose money but that similarly means they’ll lose at some point in their journey obviously individuals do generate income too and i’ve got videos everything about how you can make sure you’re one of individuals to really make money however in this scenario make sure you research your danger level would you be okay providing your money to somebody else which is effectively what you’re doing and trusting them make sure you comprehend what they’re purchasing fully if you’re someone who isn’t wishing to be that dangerous do not select somebody who’s totally into crypto or currency conversion think of it you ‘d most likely desire a foundation of strong products
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like gold and even oil plus more conventional etfs and index funds you might not desire some up-and-coming single stocks in your portfolio do the same with who you’re following now as i say you can in fact use this too actually quickly over here you can copy people now it will provide you a great deal of choices and you can use the system to actually search for someone that you fancy in fact following so let’s see possibly we want somebody from united kingdom um who buys let’s see who does etfs they have actually acquired at least 10 yeah that sounds fair that sounds an excellent quantity and i can discover everybody who has satisfied that requirements and it does give you a danger element too so it tends to be the greater the number the more riskier they are with their stock investing now certainly there are a number of individuals that have quite high returns
bear in mind it resembles anything to do with the news or predictions of the future this does not suggest someone will make 56 for you for the next 12 months they might make 4 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 all right with this and off you go now another method to actually 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 actually purchasing so let’s enter into portfolio and you can see she’s quite heavy into microsoft mastercard amazon she likes her tech a bit so that’s good to know ibm paypal yep she’s definitely like kind of into those blue box and the tech market she’s got a few of mine in fact that i invest in too which is good so in fact for me understanding what i like to invest in my private stocks and shares she would resonate with me she’s got an excellent spread in tech business that seems to be what she prefers she’s likewise got a bit more um of the sort of main food companies and you’ve got you understand pharmaceutical and production business as that. Tobin Tax Etoro.
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