On this post you’ll find the answer to Etoro Junior Isa….Questions that i hear from brand-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 desire somebody to do it for you there’s just a couple of ways that that can take place the first off you can employ an investment portfolio manager they’ll generally 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 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 too now if you’re brand new to a total please bear in mind this platform is rather advanced you can do cfds which of course cfds are ways of investing
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with not really having the full amount of capital so with anything that you’re learning about please do study the platform do not simply presume since i use it that you can utilize it right away do some due diligence have a little play around with it even invest with virtual money they give that option also so you in fact get utilized to the structure of the site and after that when you’re ready to utilize your own cash to invest you can do so now i will disclaim obviously your capital is at risk this is investing we’re doing you’re purchasing real companies if you choose to in this specific video we’re speaking about how to copy other individuals’s investments with your cash so clearly your capital is at danger and we need to bear that in mind do not just do something since that individual has actually stated they have actually made earnings 14 months in a row buy these choices because you believe is the best ones for you and that being stated let’s dive directly in [Music] so the important things we’re going to cover in this video is comprehending what is copy trading what are copy portfolios it belongs to social trading which is one element that is probably.
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popular for it’s the option to see what other traders are doing unbelievable we don’t generally get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading and so that suggests with our cash we can actually state i wish to do precisely what that trader is doing or match that exact portfolio of options and basically each time they make a trade they purchase they sell whatever they do your money will be mimicked with it so that means if for example 10 of their financial investment portfolio is in tesla guess what you’ll now be investing 10 of your cash in so we’re going to also cover is the fees involved really crucial you understand what are the costs of this now with any platform there will be some cost to clearly these are real 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 cost sites then might not charge you for in fact buying and selling etfs or funds specific products specific stocks.
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there’ll be costs on other parts maybe it’s our fx rate when you’re changing 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 fees with in particular in this video the next would be things to understand prior to you actually begin purchasing copy trading or copy portfolios and finally some finest recommendations finest practices if you are thinking of this as a tool whether you begin your journey or your advanced investor so let’s start with charges truly important to understand these now on there’s a number of charges there isn’t charges to do with really buying and selling fine so commission costs are complimentary nevertheless there are a number of other fees the very first one is withdrawal fees 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 immediately converted into us dollars and i’ll cover a little point about that later on but when you want to withdraw your cash so you sell your shares you offer your products whatever you’re offering 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 may state okay that’s quite costly and i get that however it’s all to do with how they run their platform they need to charge fees someplace and withdrawal costs are simply one of those choices that they have a lot of platforms undoubtedly are 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 understand depends completely how you’re investing but that is a charge to remember the 2nd charge that i’ve touched upon is that conversion charge now with you’re handling us dollars just there’s not an alternative to buy in euros or uk which’s great that fits me.
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a lot of my stocks are us dollar stocks anyhow or the etfs that i’m buying and even some crypto so i’m great with that we have what’s called the fx currency conversion cost now when you utilize anyone so if you’re utilizing trading two and 2 free trade anybody this is basic they have i expect stuck with whatever charge they charge for that conversion rate you sort of need to accept you know if you want to utilize their platform go from uk to us then that conversion fee is there what are they really providing you in regards to 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 rather you need to pay their costs now the fantastic aspect of though when you have actually transformed your cash you do not have to invest it right now that dollar value can sit in your portfolio as cash dollars for as long as you like so that means the preliminary 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 actually good using that part of their site will not certainly restrict you in any way nevertheless we have to know 2 other costs 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 essentially the distinction 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 two actions now tesla if you can see on this part of the website today tesla’s dollar value 599 per share in tesla that actually suggests that when you wish to purchase or sell as you can see it’s not the price you’re seeing up here let me reveal you that once again so the current price of tesla is the worth of a share what’s called spread fees is the difference then in fact to purchase that share on the platform and you’ll discover this all over this is another manner in which they make a small amount of benefit from you each time you do a buyer’s share so keep that in mind clearly it’s more expensive to purchase than it is to offer so they’re going to offer you less back with your sale and you say alright well why does that happen it simply does that is the nature of a great deal of platforms out there there’s a difference in between if you’re buying it then you wish to offer it and that is how they make a bit of cash on those spread costs it’s normally exceptionally little it could be a matter of pens matter of cents in there but that’s one place every investment firm will again make a bit cash now the last feat is called an
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over night fee now this is actually crucial if you’re really utilizing cfds yourself too an over night cost is when you’re refraining from doing that buy offer transaction in the same day all right there’s then an over night cost charged and even if you go from the friday to the monday before sailing a weekend charge now this only applies to cfds so if you’re actually buying out the etf the stock the commodity and using time one take advantage of which implies you’re really purchasing the precise property rather than utilizing take advantage of anyhow you will not get hit with these charges but these charges are if you’re utilizing utilize and cfds and then you’re going to have these charges if you’re not buy selling in the very same day so let’s say if you enter into the aid section this isn’t the overnight costs information you can see exactly the breakdown and it’ll inform you what are the charges what are the fees then for when you’re doing over night or you’re doing over weekends and that only applies as i said to cfds there are some surcharges of course depending upon what you are purchasing too this is on your own so keep that in mind however full charges are completely within their help information alright and we spoke about in addition to free to deposit in but there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds typical commodity stock shares whatever there’s that five dollar withdrawal cost now another thing to call it as i’ve said copy trading and copy portfolios are 2 various methods of really 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 possibly managed by other people completely or often have created portfolios you have actually got a genuine person doing the management you have to make certain you choose the person that’s right for you similar to any profession this is your financial assets so we absolutely need to make sure 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’ve got a couple of different choices for us first off if you’re brand new to investing i wish to draw your attention to this within you have the alternative to invest genuine cash or a virtual platform virtual means i think you get yep a hundred thousand dollars to have fun 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 imitate as if you are utilizing your own money but really buy pretend buy copy people whatever you like if you’re not
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feeling comfy with using your real money perhaps this is an excellent choice for you once again to test the theories alright you may want to buy tesla or apple or this etf why not use the virtual choice as a method to type of safe play with it undoubtedly you might have lost out on gains and losses throughout that time of course if you had actually invested your genuine money it allows you to construct confidence understand the platform so that’s one option for you then next week and i’m going to return to my genuine portfolio here now we’re going to deep dive really how to copy people and copy portfolios now here’s something to keep in mind before you choose someone that you’re going to copy or a portfolio you’re going to copy ensure you understand what your danger profile is now what do i imply by that obviously 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 suggests am i alright with potentially losing a great quantity of this investment or getting as
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well now keep in mind everything is downs and ups you will make money you’ll lose money that’s why they make the figure 75 people will lose money however that equally indicates they’ll lose at some point in their journey obviously individuals do make money as well and i have actually got videos everything about how you can make certain you’re one of individuals to in fact make money however in this situation make certain you research your danger level would you be fine giving your money to somebody else which is efficiently what you’re doing and trusting them make certain you understand what they’re buying totally if you’re somebody who isn’t wishing to be that dangerous don’t choose someone who’s completely into crypto or currency conversion think about it you ‘d most likely desire a foundation of strong commodities
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like gold or even oil plus more traditional etfs and index funds you might 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 quickly over here you can copy individuals now it will provide you a lot of options and you can utilize the system to in fact look for somebody that you expensive really following so let’s see maybe we want somebody 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 quantity and i can find everyone who has actually met that criteria and it does give you a danger factor also so it tends to be the higher the number the more riskier they are with their stock investing now certainly there are a number of individuals 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 suggest someone will make 56 for you for the next 12 months they could make four or minus 50 there’s no chance 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 verify are you all right with this and off you go now another way to actually deep dive if we click this person for instance ruby mza as an example you can in fact deep dive into what is she in fact 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 excellent to know ibm paypal yep she’s absolutely like type of into those blue box and the tech industry she’s got a few of mine really that i invest in too which is good so really for me knowing what i like to buy my private stocks and shares she would resonate with me she’s got an excellent spread in tech companies that appears to be what she prefers she’s likewise got a little bit more um of the sort of primary food business and you’ve got you know pharmaceutical and production business as that. Etoro Junior Isa.
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