We get htis a lot on our site the answer to Does Etoro Offer Retirement Accounts….Questions that i speak with new investors what if you’re brand new to investing you just don’t wish to decide what you actually want to invest and you want somebody to do it for you there’s only a couple of manner ins which that can take place the firstly you can work with an investment portfolio manager they’ll generally charge a quite a high premium to do that possibly one or two percent of your earnings will go to them the other thing is naturally you can buy mutual funds specific funds are produced 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 an overall please remember 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 full amount of capital so with anything that you’re discovering please do study the platform don’t simply assume because i utilize it that you can use it right now do some due diligence have a little experiment with it even invest with virtual cash they give that choice also so you really get utilized to the structure of the website and then when you’re ready to utilize your own money to invest you can do so now i will disclaim of course your capital is at risk this is investing we’re doing you’re investing in real business if you choose to in this particular video we’re speaking about how to copy other people’s financial investments with your cash so clearly your capital is at threat and we need to bear that in mind do not simply do something since that person has said they’ve made earnings 14 months in a row buy these options due to the fact that you think is the ideal ones for you and that 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 element that is most likely.
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popular for it’s the choice to see what other traders are doing unbelievable we don’t generally get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading therefore that means with our money we can in fact say i want to do precisely what that trader is doing or match that exact portfolio of alternatives and basically each time they make a trade they buy they sell whatever they do your cash will be imitated with it so that implies if for instance 10 of their investment portfolio remains in tesla guess what you’ll now be investing 10 of your money in so we’re going to also cover is the fees involved really vital you understand what are the expenses of this now with any platform there will be some expense to clearly these are genuine business that are investing they’re doing the purchasing the selling for you there’s going to be charges involved and even some of the absolutely no fee websites then may not charge you for really buying and selling funds or etfs private commodities specific stocks.
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there’ll be fees on other parts possibly it’s our fx rate when you’re changing from uk to u.s dollars there’s all type 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 actually start buying copy trading or copy portfolios and lastly some finest advice finest practices if you are considering this as a tool whether you begin your journey or your advanced investor so let’s start with costs actually important to comprehend these now on there’s a couple of charges there isn’t costs to do with in fact buying and selling all right so commission costs are complimentary nevertheless there are a couple of other fees the first one is withdrawal charges so you can undoubtedly 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 want to withdraw your money so you sell your shares you sell 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 naturally understanding that i’m going to ensure that i’m only withdrawing when i absolutely require to now you might state okay that’s quite expensive and i get that but it’s all to do with how they run their platform they have to charge costs somewhere and withdrawal fees are just among those alternatives that they have a great deal of platforms obviously are totally free 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 as soon as every 6 months you know depends completely how you’re investing however that is a fee to keep in mind the second cost that i have actually touched upon is that conversion cost now with you’re dealing in us dollars only there’s not a choice to purchase in euros or uk which’s great that fits me.
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a great deal of my stocks are us dollar stocks anyway or the etfs that i’m purchasing or perhaps some crypto so i’m excellent with that we have what’s called the fx currency conversion fee now when you use anyone so if you’re utilizing trading two and two open market anybody this is basic they have i suppose stuck to whatever cost they charge for that conversion rate you sort of need to accept you know if you wish to use their platform go from uk to us then that conversion fee exists what are they actually offering 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 state offer me us dollars instead you have to pay their fees now the terrific aspect of though when you have actually converted your cash you do not have to invest it right away that dollar value can being in your portfolio as cash dollars for as long as you like so that suggests the initial day that you buy or transform your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any additional fees so that’s really excellent using that part of their site will not definitely restrict you in any way however we have to be aware of two other fees the very 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 reveal you
on is basically the distinction that becomes part of the financial investment platform between the buy rate and the sale price okay it’s their premium on doing both those 2 actions now tesla if you can see on this part of the website right now tesla’s dollar value 599 per share in tesla that actually implies that when you wish to sell or buy as you can see it’s not the rate you’re seeing up here let me reveal you that again so the current price of tesla is the value of a share what’s called spread charges is the difference then really to buy that share on the platform and you’ll find this everywhere this is another way that 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 purchase than it is to offer so they’re going to give you less back with your sale and you say all right 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 sell it which is how they make a bit of money on those spread out fees it’s typically extremely little it could be a matter of pens matter of cents in there but that’s one location every investment firm will again make a bit money now the last feat is called an
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overnight cost now this is really essential if you’re really utilizing cfds yourself too an over night charge is when you’re refraining from doing that buy offer transaction in the exact same day okay there’s then an over night cost charged and even if you go from the friday to the monday prior to cruising a weekend fee now this just applies to cfds so if you’re really buying out the etf the stock the product and using time one utilize which indicates you’re in fact buying the exact possession instead of utilizing take advantage of anyway you won’t get hit with these fees but these costs are if you’re utilizing leverage and cfds and after that you’re going to have these costs if you’re not buy offering in the exact same day so let’s state if you go into the aid area this isn’t the over night fees info 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 and that just uses as i said to cfds there are some service charges naturally depending on what you are buying as well this is on your own so keep that in mind however complete costs are totally within their aid details alright and we discussed as well as totally free to deposit in but there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds typical product 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 various methods of actually using these copy works they do not have any extra costs on top of the normal costs that
exist now what you require to keep in mind though is these possibly handled by other people completely or in some cases have actually produced portfolios you’ve got a real person doing the management you have to make certain you choose the person that’s right for you similar to any type of work this is your monetary assets so we absolutely require to make certain it’s the right individual 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 number of different alternatives for us first of all 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 methods i believe you get yep a hundred thousand dollars to have fun with and it’s not real money that you’re investing you will not require to put in your charge card information or anything you can essentially have this virtual portfolio mimic as if you are utilizing your own cash but actually buy pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with utilizing your real money possibly this is a fantastic option for you again to check the theories fine you may wish to purchase tesla or apple or this etf why not utilize the virtual choice as a way to kind of safe have fun with it certainly you might have missed out on gains and losses throughout that time naturally if you had invested your real cash it permits you to build self-confidence comprehend the platform so that’s one choice for you then next week and i’m going to return 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 pick somebody that you’re going to copy or a portfolio you’re going to copy ensure you comprehend what your risk profile is now what do i suggest by that obviously for me i’m investing long term and they tend to state the longer you’re leaving your financial investments the riskier you can be run the risk of just means am i all right with possibly losing a great amount of this investment or getting as
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well now remember everything is ups and downs you will generate income you’ll lose money that’s why they make the figure 75 individuals will lose money however that equally implies they’ll lose at some time in their journey certainly individuals do earn money as well and i’ve got videos all about how you can make sure you’re one of individuals to in fact make money but in this circumstance make certain you research your risk level would you be okay providing your cash to somebody else which is successfully what you’re doing and trusting them make certain you understand what they’re purchasing totally if you’re somebody who isn’t wishing to be that risky don’t select someone who’s completely into crypto or currency conversion think of it you ‘d most likely desire 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 same with who you’re following now as i state you can really use this too really easily over here you can copy people now it will provide you a lot of choices and you can use the system to really search for someone that you expensive actually following so let’s see perhaps we want somebody from unified kingdom um who invests in let’s see who does etfs they’ve acquired at least 10 yeah that sounds fair that sounds a good quantity and i can discover everybody who has fulfilled that requirements and it does give you a risk factor also 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 individuals that have quite high returns
remember it resembles anything to do with the news or forecasts of the future this does not suggest someone will make 56 for you for the next 12 months they could make four or minus 50 there’s no way 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 confirm are you okay with this and off you go now another way 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 actually buying 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 good to know ibm paypal yep she’s definitely like kind of into those blue box and the tech industry she’s got some of mine actually that i purchase too which is great so really for me understanding what i like to buy my specific stocks and shares she would resonate with me she’s got a great spread in tech business that appears to be what she prefers she’s also got a bit more um of the type of primary food business and you’ve got you understand pharmaceutical and production companies as that. Does Etoro Offer Retirement Accounts.
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