Find the answer to Alex Pentland Etoro Data….Questions that i speak with brand-new investors what if you’re brand new to investing you simply don’t wish to decide what you actually want to invest and you want somebody to do it for you there’s only a number of ways that that can occur the firstly you can hire an investment portfolio manager they’ll usually charge a rather a high premium to do that perhaps a couple of percent of your revenues will go to them the other thing is of course you can purchase mutual funds particular funds are created 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 also now if you’re brand new to a total please remember this platform is rather advanced you can do cfds which obviously cfds are methods of investing
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with not really having the full amount of capital so with anything that you’re learning more about please do study the platform do not just assume since i utilize it that you can utilize it right now do some due diligence have a little experiment with it even invest with virtual cash they consider that choice too so you actually get used to the structure of the website and then when you’re ready to use your own money to invest you can do so now i will disclaim naturally your capital is at threat this is investing we’re doing you’re purchasing real business if you pick to in this specific video we’re talking about how to copy other people’s investments with your money so obviously your capital is at danger and we need to bear that in mind do not just do something since that person has stated they have actually made profit 14 months in a row invest in these choices since you think is the ideal ones for you which being stated let’s dive straight in [Music] so the important things we’re going to cover in this video is understanding what is copy trading what are copy portfolios it becomes part of social trading which is one aspect that is most likely.
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well-known for it’s the alternative to see what other traders are doing amazing we do not typically get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading therefore that suggests with our cash we can in fact state i wish to do precisely what that trader is doing or match that precise portfolio of choices and generally each time they make a trade they purchase they sell whatever they do your money will be simulated with it so that indicates if for instance 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 charges included actually important you comprehend what are the costs of this now with any platform there will be some cost to undoubtedly these are real companies that are investing they’re doing the purchasing the selling for you there’s going to be charges included and even some of the absolutely no charge websites then might not charge you for actually buying and selling etfs or funds specific commodities private stocks.
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there’ll be charges on other parts perhaps it’s our fx rate when you’re changing from uk to u.s dollars there’s all sort of charges 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 in fact start investing in copy trading or copy portfolios and finally some finest advice finest 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 actually crucial to understand these now on there’s a couple of fees there isn’t costs to do with really buying and selling fine so commission charges are totally free nevertheless there are a number of other costs the very first one is withdrawal fees so you can certainly put money 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 later on but when you want to withdraw your money so you offer your shares you offer your commodities 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 ensure that i’m only withdrawing when i definitely need to now you may state okay that’s quite costly and i get that but it’s all to do with how they run their platform they have to charge fees someplace and withdrawal costs are simply among those options that they have a lot of platforms clearly are totally free to do such things has this five dollar charge so in my eyes make your withdrawals largely it can be perhaps even once a year when every 6 months you know depends completely how you’re investing but that is a charge to remember the second fee that i’ve touched upon 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 great that fits me.
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a lot of my stocks are us dollar stocks anyhow or the etfs that i’m purchasing and even some crypto so i’m good 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 anyone at all this is standard they have actually i suppose stuck with whatever charge they charge for that conversion rate you kind of have 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 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 offer me us dollars rather you need to pay their costs now the excellent aspect of though when you have actually transformed your cash you do not have to invest it right now that dollar worth can sit in your portfolio as cash dollars for as long as you like so that means the initial day that you purchase or transform your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any additional fees so that’s truly good utilizing that part of their site won’t definitely limit you in any way however we need to be aware of 2 other costs the very first being what’s called spread charges fine and i’m going to reveal you what i suggest on now a spread fee as i’m going to show you
on is basically the difference that becomes part of the financial investment platform between the buy price and the price fine it’s their premium on doing both those 2 actions now tesla if you can see on this part of the site today tesla’s dollar worth 599 per share in tesla that really means that when you wish to buy or sell as you can see it’s not the price you’re seeing up here let me show you that once again so the existing cost of tesla is the worth of a share what’s called spread costs is the distinction then really to purchase that share on the platform and you’ll discover this all over this is another manner in which they make a percentage of profit from you each time you do a buyer’s share so keep that in mind undoubtedly it’s more pricey to buy than it is to offer so they’re going to give you less back with your sale and you say alright 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 wish to offer it which is how they make a bit of cash on those spread out fees it’s normally incredibly 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 little bit cash now the last task is called an
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overnight fee now this is truly crucial if you’re in fact utilizing cfds yourself too an overnight charge is when you’re not doing that buy offer deal in the very same day fine there’s then an overnight fee charged and even if you go from the friday to the monday prior to sailing a weekend fee now this just applies to cfds so if you’re actually buying out the etf the stock the product and using time one utilize which implies you’re really buying the specific possession rather than utilizing take advantage of anyhow you will not get hit with these fees but these costs are if you’re utilizing take advantage of and cfds and after that you’re going to have these charges if you’re not buy selling in the very same day so let’s state if you go into the aid section this isn’t the over night costs information you can see exactly the breakdown and it’ll tell you what are the charges what are the costs then for when you’re doing overnight or you’re doing over weekends which just uses as i said to cfds there are some additional charges of course depending on what you are buying too this is on your own so keep that in mind however complete fees are completely within their assistance info okay and we talked about in addition to totally free to deposit in however there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds regular product stock shares whatever there’s that 5 dollar withdrawal cost now another thing to call it as i’ve stated copy trading and copy portfolios are two various ways of really utilizing these copy works they do not have any additional fees on top of the regular costs that
are there now what you need to keep in mind though is these possibly handled by other individuals completely or often have actually created portfolios you’ve got a real person doing the management you need to ensure you choose the person that’s right for you just like any type of work this is your financial possessions so we definitely require to make sure it’s the best person 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 various 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 option to invest real cash or a virtual platform virtual methods 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 information or anything you can generally have this virtual portfolio imitate as if you are utilizing your own cash but in fact buy pretend buy copy people whatever you like if you’re not
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feeling comfy with using your genuine money perhaps this is an excellent alternative for you again to test the theories all right you may want to purchase tesla or apple or this etf why not use the virtual option as a way to type of safe play with it obviously you might have missed out on gains and losses during that time obviously if you had invested your real cash it allows you to construct self-confidence comprehend 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 actually how to copy individuals and copy portfolios now here’s something to keep in mind prior to you choose someone 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 mean by that clearly for me i’m investing long term and they tend to state the longer you’re leaving your investments the riskier you can be run the risk of just implies am i fine with possibly losing an excellent amount of this financial investment or gaining as
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well now keep in mind whatever is downs and ups you will make money you’ll lose money that’s why they make the statistic 75 individuals will lose money however that equally means they’ll lose at some point in their journey obviously people do make money too and i’ve got videos all about how you can ensure you’re one of individuals to in fact earn money but in this situation make certain you research study your threat level would you be fine giving your cash to someone else which is effectively what you’re doing and trusting them ensure you understand what they’re investing in fully if you’re someone who isn’t wanting to be that risky do not select someone who’s totally into crypto or currency conversion think of it you ‘d probably want a foundation of strong products
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like gold or even oil plus more conventional etfs and index funds you may not desire some up-and-coming single stocks in your portfolio do the same with who you’re following now as i say you can actually utilize this too actually quickly over here you can copy individuals now it will offer you a great deal of options and you can use the system to really search for somebody that you fancy actually following so let’s see possibly we want somebody from united kingdom um who purchases let’s see who does etfs they have actually gained at least 10 yeah that sounds reasonable that sounds an excellent quantity and i can find everyone who has fulfilled that requirements and it does offer you a risk factor also so it tends to be the greater the number the more riskier they are with their stock investing now obviously there are a variety of individuals that have rather high returns
remember it resembles anything to do with the news or forecasts of the future this does not mean someone will make 56 for you for the next 12 months they might make four or minus 50 there’s no way to ensure so do keep that in mind and as basic as clicking the copy button and off you go and then you understand ask you to verify are you fine with this and off you go now another method to in fact deep dive if we click on this person for example ruby mza as an example you can in fact deep dive into what is she actually investing in so let’s enter into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a bit so that’s good to understand ibm paypal yep she’s absolutely like kind of into those blue box and the tech market she’s got a few of mine in fact that i invest in too which is excellent 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 also got a little bit more um of the type of primary food business and you have actually got you know pharmaceutical and production companies as that. Alex Pentland Etoro Data.
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