Guy Hirsch, Etoro – Ask Mary

We get htis a lot on our site the answer to Guy Hirsch, Etoro….Questions that i speak with brand-new financiers what if you’re brand new to investing you just do not wish to decide what you really want to invest and you desire somebody to do it for you there’s just a number of ways that that can take place the firstly you can hire a financial investment portfolio supervisor they’ll normally charge a rather a high premium to do that maybe one or two percent of your profits will go to them the other thing is naturally you can buy mutual funds specific funds are developed 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 bear in mind this platform is quite advanced you can do cfds which obviously cfds are methods of investing

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with not in fact having the full amount of capital so with anything that you’re learning more about please do study the platform do not just assume due to the fact that i use it that you can utilize it immediately do some due diligence have a little experiment with it even invest with virtual money they consider that alternative also so you in fact get used 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 naturally your capital is at danger this is investing we’re doing you’re purchasing real business if you choose to in this particular video we’re discussing how to copy other people’s investments with your money so undoubtedly your capital is at risk and we need to bear that in mind do not simply do something because that individual has stated they have actually made earnings 14 months in a row buy these options since 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 comprehending 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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famous for it’s the alternative to see what other traders are doing extraordinary we don’t typically get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading therefore that implies with our cash we can actually say i wish to do exactly what that trader is doing or match that specific portfolio of choices and basically whenever they make a trade they buy they sell whatever they do your money will be mimicked with it so that suggests if for example 10 of their financial 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 included actually vital you understand what are the costs of this now with any platform there will be some cost to certainly 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 a few of the no cost websites then might not charge you for really buying and selling funds or etfs private commodities specific 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 type of fees 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 start investing in 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 begin with costs truly essential to comprehend these now on there’s a couple of charges there isn’t fees to do with in fact buying and selling okay so commission costs are free however there are a couple of other fees the very first one is withdrawal costs so you can obviously put money 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 sell 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 of course knowing that i’m going to make certain that i’m only withdrawing when i definitely need to now you might say okay that’s rather costly and i get that but it’s all to do with how they run their platform they need to charge fees someplace and withdrawal costs are just among those choices that they have a great deal of platforms certainly are complimentary 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 6 months you know depends completely how you’re investing but that is a fee to keep in mind the 2nd cost that i have actually touched upon is that conversion cost now with you’re handling us dollars only there’s not a choice to purchase in euros or uk which’s great that matches me.

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a great deal of my stocks are us dollar stocks anyhow 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 charge now when you utilize anyone so if you’re utilizing trading two and 2 open market anyone at all this is standard they have i suppose stuck with whatever charge they charge for that conversion rate you type of have to accept you know if you want to use their platform go from uk to us then that conversion charge is there what are they in fact providing 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 provide me us dollars rather you have to pay their costs now the excellent thing about however when you have actually transformed your cash you do not have to invest it right away that dollar value can being 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 additional costs so that’s really great using that part of their website will not certainly restrict you in any way however we have to be aware of 2 other fees the first being what’s called spread charges alright and i’m going to show you what i indicate on now a spread charge as i’m going to show you

on is essentially the distinction that belongs to the investment platform in between the buy price and the sale price alright it’s their premium on doing both those 2 actions now tesla if you can see on this part of the site right now tesla’s dollar worth 599 per share in tesla that in fact means that when you want to buy or sell as you can see it’s not the cost you’re seeing up here let me show you that again so the current price of tesla is the worth of a share what’s called spread charges is the difference then actually to buy that share on the platform and you’ll discover this everywhere this is another way that they make a small amount of make money from you whenever you do a buyer’s share so keep that in mind undoubtedly 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 state all right well why does that happen it simply 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 bit of cash on those spread out costs it’s usually extremely little it could be a matter of pens matter of cents in there however that’s one location every investment firm will once again make a bit money now the last feat is called an

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overnight cost now this is really crucial if you’re actually utilizing cfds yourself as well an over night fee is when you’re not doing that buy offer deal in the exact same day all right there’s then an over night cost charged and even if you go from the friday to the monday before cruising a weekend cost now this just applies to cfds so if you’re really buying out the etf the stock the product and using time one take advantage of which suggests you’re actually buying the exact asset rather than utilizing utilize anyway you won’t get hit with these fees but these costs are if you’re utilizing utilize and cfds and then you’re going to have these costs if you’re not buy selling in the exact same day so let’s state if you enter into the assistance area this isn’t the overnight charges details you can see exactly the breakdown and it’ll inform 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 additional charges naturally depending on what you are purchasing also this is on your own so keep that in mind but complete costs are totally within their assistance info okay and we discussed along with complimentary 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 everything there’s that 5 dollar withdrawal cost now another thing to call it as i have actually said copy trading and copy portfolios are two different methods of really utilizing these copy works they don’t have any additional costs on top of the normal charges that

exist now what you require to bear in mind though is these possibly managed by other individuals entirely or sometimes have created portfolios you have actually got a genuine individual doing the management you need to make certain you select the person that’s right for you much like any kind of work this is your financial assets so we absolutely 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 different 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 alternative 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 money that you’re investing you will not need to put in your charge card information or anything you can generally have this virtual portfolio imitate as if you are using your own money however in fact buy pretend buy copy people whatever you like if you’re not

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feeling comfortable with utilizing your genuine cash possibly this is a great choice for you once again to evaluate the theories okay you might wish to purchase tesla or apple or this etf why not utilize the virtual choice as a method to type of safe have fun with it undoubtedly you might have missed out on gains and losses during that time obviously if you had invested your genuine money it allows you to construct self-confidence comprehend the platform so that’s one option for you then next week and i’m going to return 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 before you select somebody that you’re going to copy or a portfolio you’re going to copy make certain you comprehend what your risk profile is now what do i imply by that undoubtedly for me i’m investing long term and they tend to say the longer you’re leaving your investments the riskier you can be run the risk of just suggests am i okay with potentially losing a great quantity of this financial investment or gaining as

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well now remember whatever is downs and ups you will make money you’ll lose cash that’s why they make the fact 75 individuals will lose money however that similarly suggests they’ll lose at some time in their journey undoubtedly people do earn money as well and i’ve got videos everything about how you can make sure you are among the people to actually earn money but in this situation make certain you research study your threat level would you be fine offering your money to another person which is effectively what you’re doing and trusting them make certain you understand what they’re purchasing completely if you’re somebody who isn’t wishing to be that risky do not choose somebody who’s entirely into crypto or currency conversion think of it you ‘d most likely desire a backbone of strong commodities

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like gold and even oil plus more traditional 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 in fact use this too truly quickly over here you can copy people now it will give you a lot of options and you can use the system to really look for someone that you fancy in fact following so let’s see possibly we desire someone from joined kingdom um who buys let’s see who does etfs they’ve acquired at least 10 yeah that sounds reasonable that sounds a great amount and i can discover everybody who has actually satisfied that criteria and it does give you a risk element 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

keep in mind it resembles anything to do with the news or forecasts of the future this does not suggest somebody will make 56 for you for the next 12 months they might make 4 or minus 50 there’s no chance to ensure so do keep that in mind and as basic as clicking the copy button and off you go and after that you understand ask you to confirm are you alright with this and off you go now another method to really deep dive if we click this person for example ruby mza as an example you can in fact 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 excellent to know ibm paypal yep she’s absolutely like sort of into those blue box and the tech market she’s got some of mine really that i purchase too which is good so actually for me understanding what i like to purchase my specific stocks and shares she would resonate with me she’s got a good spread in tech business that appears to be what she prefers she’s likewise got a bit more um of the kind of main food companies and you’ve got you know pharmaceutical and production companies as that. Guy Hirsch, Etoro.

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