Dave And Steve Etoro – Ask Mary

We get htis a lot on our site the answer to Dave And Steve Etoro….Questions that i speak with new investors what if you’re brand new to investing you merely do not want to choose what you in fact wish to invest and you desire somebody to do it for you there’s just a couple of ways that that can happen the first of all you can work with an investment portfolio manager they’ll usually 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 obviously you can purchase mutual funds particular funds are produced once 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 an overall please remember this platform is rather innovative you can do cfds which of course cfds are ways of investing

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with not in fact having the total of capital so with anything that you’re learning more about please do study the platform don’t simply assume because i utilize it that you can utilize it right now do some due diligence have a little experiment with it even invest with virtual money they consider that option as well so you really get used to the structure of the website and after that when you’re ready to use your own money to invest you can do so now i will disclaim naturally your capital is at danger this is investing we’re doing you’re buying real business if you choose to in this particular video we’re discussing how to copy other individuals’s investments with your cash so clearly your capital is at danger and we have to bear that in mind do not just do something because that person has said they’ve made revenue 14 months in a row buy these options since you think is the right ones for you and that 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 element that is probably.

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famous for it’s the option to see what other traders are doing amazing 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 means with our money we can really say i wish to do precisely what that trader is doing or match that specific portfolio of alternatives and essentially whenever they make a trade they buy they sell whatever they do your cash will be simulated with it so that means 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 included truly crucial you understand what are the expenses of this now with any platform there will be some cost to obviously these are genuine companies that are investing they’re doing the purchasing the selling for you there’s going to be charges involved and even some of the zero charge sites then might not charge you for actually buying and selling funds or etfs private commodities individual stocks.

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there’ll be charges on other parts perhaps it’s our fx rate when you’re altering 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 costs with in particular in this video the next would be things to know before you actually start purchasing copy trading or copy portfolios and finally some finest guidance best practices if you are thinking about this as a tool whether you start your journey or your advanced financier so let’s begin with charges really important to understand these now on there’s a couple of charges there isn’t charges to do with actually buying and selling okay so commission charges are totally free nevertheless there are a couple of other charges the first one is withdrawal costs so you can certainly put money in now if you’re 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 on however when you wish to withdraw your cash 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 five dollars per withdrawal so for me obviously understanding that i’m going to make sure that i’m only withdrawing when i absolutely need to now you might say alright that’s quite pricey and i get that but it’s all to do with how they run their platform they have to charge costs someplace and withdrawal costs are just among those options that they have a lot of platforms undoubtedly are totally free to do such things has this 5 dollar charge so in my eyes make your withdrawals largely it can be maybe even once a year when every 6 months you know depends totally how you’re investing however that is a charge to bear in mind the 2nd fee that i’ve discussed is that conversion fee now with you’re dealing in us dollars just there’s not a choice to buy in euros or uk which’s fine that fits me.

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a great deal of my stocks are us dollar stocks anyhow or the etfs that i’m buying or even some crypto so i’m good with that we have what’s called the fx currency conversion cost now when you utilize anyone so if you’re using trading two and 2 open market anyone at all this is basic they have i suppose stuck to whatever charge they charge for that conversion rate you kind of need to accept you know if you wish to utilize their platform go from uk to us then that conversion charge 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 bargain with them you can’t go to the bank and say provide me us dollars rather you need to pay their costs now the great aspect of however when you have actually transformed your money you do not need to invest it right away that dollar value can being in your portfolio as cash dollars for as long as you like so that implies the initial day that you purchase or transform your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any extra charges so that’s actually great utilizing that part of their website won’t certainly restrict you in any way nevertheless we need to understand two other costs the first being what’s called spread charges okay and i’m going to show you what i mean on now a spread fee as i’m going to reveal you

on is generally the distinction that is part of the financial investment platform in between the buy cost and the price alright it’s their premium on doing both those two actions now tesla if you can see on this part of the website right now tesla’s dollar worth 599 per share in tesla that in fact implies that when you wish to sell or purchase as you can see it’s not the price you’re seeing up here let me reveal you that again so the current rate 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 find this everywhere this is another manner in which they make a small amount of make money from you whenever you do a buyer’s share so keep that in mind obviously it’s more pricey to purchase than it is to sell so they’re going to provide you less back with your sale and you say all right well why does that happen it simply does that is the nature of a lot of platforms out there there’s a difference in between if you’re buying it then you want to sell it which is how they make a little bit of cash on those spread out fees it’s typically exceptionally little it could be a matter of pens matter of cents in there however that’s one location every investment company will once again make a little bit cash now the last task is called an

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overnight cost now this is truly essential if you’re actually using cfds yourself also an overnight fee is when you’re refraining from doing that buy sell transaction in the exact same day alright there’s then an over night fee 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 leverage which suggests you’re actually purchasing the exact possession rather than using leverage anyway you will not get hit with these fees however these charges are if you’re utilizing leverage and cfds and then you’re going to have these costs if you’re not buy selling in the very same day so let’s say if you go into the help area this isn’t the over night costs info you can see precisely the breakdown and it’ll tell you what are the charges what are the charges then for when you’re doing over night or you’re doing over weekends which just uses as i stated to cfds there are some service charges naturally depending upon what you are investing in also this is on your own so keep that in mind however complete costs are entirely within their help information okay and we discussed in addition to free to deposit in however there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds typical commodity stock shares whatever there’s that 5 dollar withdrawal fee now another thing to call it as i’ve said copy trading and copy portfolios are two different methods of in fact utilizing these copy functions they don’t have any additional charges on top of the typical fees that

exist now what you need to keep in mind though is these potentially handled by other individuals entirely or often have actually developed portfolios you have actually got a real individual doing the management you have to make sure you choose the person that’s right for you similar to any line of work this is your monetary assets so we definitely require to ensure it’s the ideal 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 choices for us to start with if you’re brand new to investing i wish to draw your attention to this within you have the option to invest real money or a virtual platform virtual means i believe you get yep a hundred thousand dollars to have fun with and it’s not real cash that you’re investing you will not need to put in your credit card information or anything you can generally have this virtual portfolio mimic as if you are using your own money however in fact buy pretend buy copy individuals whatever you like if you’re not

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feeling comfortable with utilizing your genuine money perhaps this is a fantastic choice for you once again to check the theories all right you may wish to buy tesla or apple or this etf why not utilize the virtual choice as a way to type of safe play with it clearly you may have missed out on gains and losses throughout that time of course if you had invested your genuine cash it allows 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 real portfolio here now we’re going to deep dive in fact how to copy individuals and copy portfolios now here’s something to keep in mind prior to you pick somebody that you’re going to copy or a portfolio you’re going to copy make certain you comprehend what your threat profile is now what do i imply by that clearly for me i’m investing long term and they tend to say 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 an excellent quantity of this investment or gaining as

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well now remember everything is ups and downs you will make money you’ll lose cash that’s why they make the statistic 75 people will lose cash but that equally indicates they’ll lose at some time in their journey obviously people do earn money also and i have actually got videos everything about how you can make certain you are among the people to in fact make money however in this situation make certain you research your risk level would you be alright offering your cash to someone else which is successfully what you’re doing and trusting them make certain you understand what they’re buying fully if you’re somebody who isn’t wanting to be that dangerous don’t select someone who’s completely into crypto or currency conversion think of it you ‘d most likely want a foundation of strong commodities

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like gold or perhaps oil plus more standard 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 state you can really utilize this too truly quickly over here you can copy individuals now it will give you a lot of options and you can utilize the system to in fact look for someone that you fancy actually following so let’s see possibly we want somebody from unified kingdom um who buys let’s see who does etfs they have actually acquired a minimum of 10 yeah that sounds reasonable that sounds a great amount and i can find everybody who has fulfilled that requirements and it does offer you a danger element as well 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 people that have rather high returns

keep in mind it’s like anything to do with the news or predictions of the future this does not mean someone will make 56 for you for the next 12 months they could make 4 or minus 50 there’s no way 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 okay with this and off you go now another method to actually deep dive if we click this person for example ruby mza as an example you can in fact deep dive into what is she really investing in so let’s go into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a little bit so that’s excellent to understand ibm paypal yep she’s absolutely like kind of into those blue box and the tech industry she’s got a few of mine in fact that i buy too which is great so really for me knowing what i like to buy my private stocks and shares she would resonate with me she’s got a great spread in tech business that appears to be what she chooses she’s also got a little bit more um of the kind of main food companies and you’ve got you know pharmaceutical and production companies as that. Dave And Steve Etoro.

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