We get htis a lot on our site the answer to Etoro Vs Hargreaves Lansdown….Questions that i hear from brand-new financiers what if you’re brand new to investing you just don’t want to choose what you really want to invest and you want somebody to do it for you there’s just a couple of ways that that can occur the to start with you can employ a financial investment portfolio manager they’ll normally charge a rather a high premium to do that perhaps one or two percent of your revenues will go to them the other thing is of course you can buy mutual funds particular 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 also now if you’re brand new to a total please remember this platform is rather sophisticated 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 learning about please do study the platform don’t just assume since 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 choice as well so you in fact get used to the structure of the website and then when you’re ready to utilize 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 real business if you pick to in this particular video we’re talking about how to copy other people’s investments with your money so undoubtedly your capital is at risk and we have to bear that in mind do not just do something because that individual has stated they’ve made earnings 14 months in a row buy these options due to the fact that you think is the best ones for you which being said 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 alternative to see what other traders are doing amazing we don’t usually get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading and so that suggests with our cash we can actually state i wish to do exactly 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 mimicked 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 fees included really crucial you comprehend what are the costs of this now with any platform there will be some expense to clearly these are real business that are investing they’re doing the buying the selling for you there’s going to be charges involved and even some of the zero cost websites then may not charge you for in fact buying and selling etfs or funds specific products individual stocks.
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there’ll be costs on other parts possibly it’s our fx rate when you’re altering from uk to u.s dollars there’s all kinds of charges associated so do your due diligence and i’m going to show you the costs with in particular in this video the next would be things to know prior to you in fact begin 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 fees truly crucial to understand these now on there’s a number of charges there isn’t costs to do with really buying and selling okay so commission costs are complimentary nevertheless there are a number of other costs the first one is withdrawal charges so you can obviously put money in now if you remain 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 in the future but when you want to withdraw your cash so you offer your shares you offer your commodities whatever you’re offering the minimum amount 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 absolutely need to now you might state alright that’s quite 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 fees are simply among those choices that they have a great deal of platforms undoubtedly are free 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 completely how you’re investing however that is a charge to keep in mind the 2nd charge that i’ve discussed is that conversion fee now with you’re handling us dollars only there’s not an option to buy in euros or uk and that’s great that suits me.
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a lot of my stocks are us dollar stocks anyway or the etfs that i’m purchasing or perhaps some crypto so i’m great with that we have what’s called the fx currency conversion charge now when you utilize anyone so if you’re using trading two and 2 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 need to accept you understand if you wish to utilize their platform go from uk to us then that conversion charge exists what are they really offering 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 say give me us dollars instead you need to pay their charges now the terrific aspect of however when you’ve converted your cash you do not need to invest it immediately that dollar worth can being in your portfolio as cash dollars for as long as you like so that means the initial 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 fees so that’s truly excellent utilizing that part of their website won’t definitely restrict you in any way nevertheless we have to be aware of two other costs 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 show you
on is essentially the difference that is part of the 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 actually means that when you want to buy or sell as you can see it’s not the rate you’re seeing up here let me show you that once again so the present cost of tesla is the worth of a share what’s called spread charges 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 benefit from you each time you do a purchaser’s share so keep that in mind obviously 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 state fine well why does that happen it just 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 want to offer it and that is how they make a little bit of money on those spread costs it’s usually incredibly small it could be a matter of pens matter of cents in there however that’s one location every investment company will again make a bit cash now the last task is called an
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overnight cost now this is truly crucial if you’re really utilizing cfds yourself too an overnight charge is when you’re refraining from doing that buy sell deal in the exact same day okay there’s then an overnight fee charged or even if you go from the friday to the monday before cruising a weekend charge now this just applies to cfds so if you’re in fact buying out the etf the stock the commodity and using time one leverage which suggests you’re actually buying the specific property rather than utilizing utilize anyway you won’t get hit with these fees however these costs are if you’re using leverage and cfds and then you’re going to have these fees if you’re not buy offering in the very same day so let’s state if you go into the help area this isn’t the overnight fees details you can see exactly the breakdown and it’ll tell you what are the charges what are the charges then for when you’re doing overnight or you’re doing over weekends and that just applies as i stated to cfds there are some added fees naturally depending on what you are purchasing also this is on your own so keep that in mind however complete fees are totally within their help details all right and we spoke about as well as totally free to deposit in but there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds normal product stock shares everything there’s that 5 dollar withdrawal charge now another thing to call it as i’ve stated copy trading and copy portfolios are 2 different methods of actually using these copy functions they don’t have any extra fees on top of the normal costs that
exist now what you need to keep in mind though is these possibly handled by other people totally or often have actually created portfolios you’ve got a real person doing the management you have to ensure you pick the person that’s right for you similar to any line of work this is your monetary possessions so we definitely need to ensure it’s the right individual 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 different alternatives for us to start with if you’re brand new to investing i want to draw your attention to this within you have the alternative to invest genuine cash or a virtual platform virtual ways i think you get yep a hundred thousand dollars to play 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 utilizing your own money however in fact purchase pretend buy copy people whatever you like if you’re not
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feeling comfortable with utilizing your real cash perhaps this is a great option for you once again to evaluate the theories okay you may wish to purchase tesla or apple or this etf why not use the virtual choice as a way to kind of safe have fun with it undoubtedly you might have missed out on gains and losses during that time naturally if you had actually invested your real money it allows you to construct confidence comprehend the platform so that’s one option for you then next week and i’m going to go back to my genuine portfolio here now we’re going to deep dive actually how to copy people and copy portfolios now here’s something to keep in mind prior to you choose somebody that you’re going to copy or a portfolio you’re going to copy make sure you understand what your risk profile is now what do i indicate by that certainly for me i’m investing long term and they tend to say the longer you’re leaving your investments the riskier you can be risk just indicates am i fine with possibly losing a good quantity of this investment or acquiring 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 fact 75 individuals will lose cash but that similarly indicates they’ll lose at some point in their journey certainly individuals do generate income as well and i have actually got videos everything about how you can make certain you’re one of the people to actually generate income however in this scenario make certain you research your threat level would you be fine giving your cash to someone else which is successfully what you’re doing and trusting them make certain you comprehend what they’re investing in completely if you’re somebody who isn’t wanting to be that dangerous don’t pick somebody who’s completely into crypto or currency conversion consider it you ‘d probably want a foundation of strong products
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like gold or perhaps oil plus more conventional etfs and index funds you may not want some up-and-coming single stocks in your portfolio do the exact same with who you’re following now as i state you can actually utilize this too actually easily over here you can copy people now it will provide you a lot of options and you can use the system to really search for somebody that you expensive really following so let’s see perhaps we desire someone from joined kingdom um who buys let’s see who does etfs they’ve gained at least 10 yeah that sounds reasonable that sounds a good amount and i can find everybody who has actually met that criteria and it does offer you a danger aspect too so it tends to be the higher the number the more riskier they are with their stock investing now undoubtedly there are a number of people that have rather high returns
bear in mind it resembles anything to do with the news or predictions of the future this does not indicate someone will make 56 for you for the next 12 months they might make 4 or minus 50 there’s no other way to guarantee so do keep that in mind and as basic as clicking the copy button and off you go and after that you know ask you to confirm are you all right with this and off you go now another method to in fact deep dive if we click on this person for instance ruby mza as an example you can actually deep dive into what is she in fact purchasing so let’s enter into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a little bit so that’s good to understand ibm paypal yep she’s certainly like sort of into those blue box and the tech market she’s got some of mine actually that i purchase too which is excellent so actually for me understanding what i like to invest in my specific stocks and shares she would resonate with me she’s got a great spread in tech companies that seems to be what she chooses she’s also got a little bit more um of the type of primary food business and you have actually got you understand pharmaceutical and production companies as that. Etoro Vs Hargreaves Lansdown.
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