So today on Iwata well be talking about Rimbirsi Etoro….Questions that i speak with new investors what if you’re brand new to investing you merely do not wish to choose what you in fact want to invest and you want someone to do it for you there’s just a number of ways that that can occur the first of all you can hire an investment portfolio manager they’ll generally charge a rather a high premium to do that possibly a couple of percent of your profits will go to them the other thing is naturally you can purchase mutual funds particular 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 also now if you’re brand new to an overall please keep in mind this platform is rather innovative you can do cfds which obviously cfds are ways 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 do not simply presume because i utilize it that you can use it right away do some due diligence have a little experiment with it even invest with virtual money they give that choice too so you in fact get used to the structure of the site and then when you’re ready to utilize your own money 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 business if you choose to in this specific video we’re speaking about how to copy other people’s investments with your cash so undoubtedly your capital is at risk and we have to bear that in mind do not just do something because that person has actually said they’ve made revenue 14 months in a row purchase these choices since you think is the right ones for you which being stated let’s dive directly in [Music] so the important things we’re going to cover in this video is understanding what is copy trading what are copy portfolios it belongs to social trading which is one element that is most likely.
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famous for it’s the choice to see what other traders are doing unbelievable we do not typically 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 cash we can actually say i wish to do exactly what that trader is doing or match that specific portfolio of alternatives and essentially each time they make a trade they purchase they offer whatever they do your money will be mimicked with it so that means if for example 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 fees included actually vital 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 involved and even a few of the absolutely no cost websites then may not charge you for in fact buying and selling funds or etfs individual commodities specific stocks.
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there’ll be fees on other parts perhaps it’s our fx rate when you’re altering from uk to u.s dollars there’s all sort of charges 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 understand before you in fact begin investing in copy trading or copy portfolios and finally some best advice best practices if you are thinking about this as a tool whether you begin your journey or your more advanced investor so let’s begin with charges truly important to understand these now on there’s a number of costs there isn’t fees to do with actually buying and selling alright so commission costs are totally free nevertheless there are a number of other charges the first one is withdrawal costs so you can undoubtedly put cash in now if you remain in the uk we put our uk cash.
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and it’s instantly converted into us dollars and i’ll cover a little point about that later however when you wish to withdraw your cash so you offer your shares you offer your products 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 naturally understanding that i’m going to make sure that i’m only withdrawing when i absolutely require to now you may say fine that’s rather pricey and i get that however it’s all to do with how they run their platform they need to charge costs somewhere and withdrawal charges are just among those alternatives 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 when every 6 months you know depends entirely how you’re investing however that is a charge to bear in mind the 2nd fee that i have actually discussed is that conversion charge now with you’re handling us dollars just there’s not an alternative to purchase in euros or uk which’s fine 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 great with that we have what’s called the fx currency conversion cost now when you use anybody so if you’re utilizing trading 2 and 2 open market anybody this is standard they have i expect stuck to whatever cost they charge for that conversion rate you kind of have to accept you understand if you wish to use their platform go from uk to us then that conversion charge exists what are they actually providing you in terms of 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 instead you have to pay their costs now the excellent aspect of however when you have actually converted your money you do not have to invest it immediately that dollar worth can sit in your portfolio as money dollars for as long as you like so that implies the preliminary day that you buy or convert your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any additional costs so that’s truly good utilizing that part of their site will not certainly restrict you in any way nevertheless we have to be aware of 2 other fees the first being what’s called spread fees fine and i’m going to reveal you what i mean on now a spread fee as i’m going to show you
on is basically the difference that becomes part of the financial investment platform in 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 website today tesla’s dollar value 599 per share in tesla that really suggests that when you want to purchase or offer as you can see it’s not the rate you’re seeing up here let me reveal you that again so the present rate of tesla is the value of a share what’s called spread costs is the distinction then actually to buy that share on the platform and you’ll find this everywhere this is another way that they make a percentage of make money from you each time you do a purchaser’s share so keep that in mind certainly it’s more pricey to buy than it is to offer so they’re going to give you less back with your sale and you state fine well why does that occur it simply does that is the nature of a lot of platforms out there there’s a difference between if you’re buying it then you want to offer it which is how they make a little bit of money on those spread costs it’s typically incredibly little 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 bit money now the last accomplishment is called an
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over night charge now this is really essential if you’re in fact using cfds yourself too an overnight cost is when you’re refraining from doing that buy sell transaction in the very same day fine there’s then an overnight fee charged or perhaps if you go from the friday to the monday before sailing a weekend cost now this only applies to cfds so if you’re in fact buying out the etf the stock the commodity and using time one utilize which implies you’re actually buying the precise possession rather than using leverage anyhow you won’t get hit with these costs but these charges are if you’re using utilize and cfds and after that you’re going to have these fees if you’re not buy selling in the same day so let’s say if you go into the assistance section this isn’t the over night fees information you can see precisely 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 which only applies as i said to cfds there are some added fees of course depending on what you are purchasing as well this is on your own so keep that in mind however full costs are completely within their assistance details alright and we talked about along with totally free to deposit in but there’s a 5 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 cost now another thing to call it as i have actually said copy trading and copy portfolios are 2 various ways of in fact utilizing these copy works they do not have any additional fees on top of the typical fees that
are there now what you require to bear in mind though is these possibly managed by other people totally or sometimes have developed portfolios you have actually got a genuine person doing the management you have to ensure you pick the person that’s right for you just like any type of work this is your financial assets so we absolutely require to make certain it’s the ideal person for us before we copy them so the first things i would call it if you do want to use this function we have actually got a number of various choices for us first of all 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 believe you get yep a hundred thousand dollars to play with and it’s not real cash that you’re investing you will not need to put in your charge card information or anything you can basically have this virtual portfolio imitate as if you are utilizing your own money but actually purchase pretend buy copy people whatever you like if you’re not
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feeling comfy with using your genuine cash possibly this is a great alternative for you once again to test the theories okay you might want to purchase tesla or apple or this etf why not use the virtual option as a method to type of safe have fun with it certainly you might have lost out on gains and losses during that time obviously if you had actually invested your real cash it allows you to construct confidence comprehend the platform so that’s one alternative for you then next week and i’m going to go back to my real portfolio here now we’re going to deep dive in fact how to copy people and copy portfolios now here’s something to bear in mind before you select someone that you’re going to copy or a portfolio you’re going to copy make sure you understand what your threat profile is now what do i indicate by that undoubtedly 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 potentially losing a good amount of this financial investment or getting as
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well now keep in mind everything is downs and ups you will earn money you’ll lose money that’s why they make the figure 75 individuals will lose money however that similarly suggests they’ll lose at some time in their journey obviously people do generate income too and i have actually got videos all about how you can make certain you are among the people to actually generate income but in this situation make certain you research your threat level would you be alright providing your money to someone else which is effectively what you’re doing and trusting them make sure you understand what they’re buying totally if you’re someone who isn’t wanting to be that risky don’t select somebody who’s totally into crypto or currency conversion consider it you ‘d probably want a backbone of strong products
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like gold or perhaps oil plus more conventional etfs and index funds you might not want some up-and-coming single stocks in your portfolio do the very same with who you’re following now as i state you can in fact use this too actually easily over here you can copy individuals now it will offer you a lot of options and you can utilize the system to in fact search for someone that you fancy actually following so let’s see possibly we want somebody from united kingdom um who purchases let’s see who does etfs they have actually acquired a minimum of 10 yeah that sounds fair that sounds a good quantity and i can discover everybody who has actually fulfilled that criteria and it does provide you a danger aspect too so it tends to be the greater the number the more riskier they are with their stock investing now certainly there are a variety of people that have rather high returns
keep 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 four or minus 50 there’s no chance to ensure so do keep that in mind and as simple as clicking the copy button and off you go and then you know ask you to confirm 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 quite heavy into microsoft mastercard amazon she likes her tech a little bit so that’s great to understand ibm paypal yep she’s certainly like sort of into those blue box and the tech market she’s got a few of mine in fact that i buy too which is great so in fact for me understanding what i like to buy 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 likewise got a bit more um of the sort of main food business and you have actually got you understand pharmaceutical and production companies as that. Rimbirsi Etoro.
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