We get htis a lot on our site the answer to Tom Demark 2021….Questions that i hear from brand-new financiers what if you’re brand new to investing you just do not wish to decide what you actually wish to invest and you want someone to do it for you there’s only a couple of ways that that can occur the firstly you can employ an investment portfolio manager they’ll normally charge a rather a high premium to do that maybe a couple of percent of your revenues 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 as well now if you’re brand new to a total please remember this platform is rather innovative you can do cfds which obviously cfds are ways of investing
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with not actually having the total of capital so with anything that you’re discovering please do study the platform do not simply 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 money they give that choice also so you actually get used to the structure of the website and after that when you’re ready to use your own cash to invest you can do so now i will disclaim of course your capital is at risk this is investing we’re doing you’re buying genuine business if you pick to in this specific video we’re speaking about how to copy other individuals’s investments with your cash so undoubtedly your capital is at risk and we need to bear that in mind do not simply do something since that individual has stated they have actually made revenue 14 months in a row buy these options because you think is the ideal ones for you and that being stated let’s dive directly in [Music] so the 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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well-known for it’s the choice to see what other traders are doing unbelievable we do not generally get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading therefore that indicates with our money we can in fact say i want to do precisely what that trader is doing or match that specific portfolio of options and basically each time they make a trade they buy they offer whatever they do your cash will be imitated with it so that means if for instance 10 of their 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 actually vital you comprehend what are the expenses 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 included and even a few of the no charge websites then might not charge you for really buying and selling funds or etfs specific commodities specific stocks.
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there’ll be fees on other parts maybe it’s our fx rate when you’re altering from uk to u.s dollars there’s all sort of costs 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 understand prior to you actually start investing in copy trading or copy portfolios and finally some best advice finest practices if you are considering this as a tool whether you begin your journey or your more advanced investor so let’s begin with costs truly important to understand these now on there’s a number of charges there isn’t fees to do with really buying and selling all right so commission fees are complimentary however there are a couple of other charges the first one is withdrawal costs so you can obviously put cash in now if you’re 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 however when you want to withdraw your money so you offer your shares you offer your commodities 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 knowing that i’m going to ensure that i’m only withdrawing when i definitely require to now you may say fine that’s rather expensive and i get that however it’s all to do with how they run their platform they need to charge fees someplace and withdrawal charges are simply one of those choices that they have a great deal of platforms undoubtedly are complimentary to do such things has this five dollar charge so in my eyes make your withdrawals mostly it can be perhaps even once a year once every six months you understand depends entirely how you’re investing but that is a cost to bear 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 an option to purchase in euros or uk and that’s fine that suits me.
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a great deal of my stocks are us dollar stocks anyhow 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 fee now when you use anybody so if you’re utilizing trading 2 and two open market anybody this is standard they have actually i expect stuck to whatever fee they charge for that conversion rate you kind of have to accept you understand if you want to utilize their platform go from uk to us then that conversion fee exists what are they really offering 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 state give me us dollars rather you need to pay their costs now the excellent aspect of however when you’ve 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 suggests 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 additional charges so that’s actually good utilizing that part of their website won’t definitely limit you in any way nevertheless we have to understand 2 other costs the very first being what’s called spread charges all right and i’m going to show you what i suggest on now a spread cost as i’m going to show you
on is basically the distinction that becomes part of the financial investment platform between the buy price and the sale price fine 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 in fact indicates 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 again so the current cost of tesla is the worth of a share what’s called spread fees is the difference then actually to purchase that share on the platform and you’ll find this all over this is another manner in which they make a percentage of make money from you whenever you do a buyer’s share so keep that in mind undoubtedly it’s more expensive to buy than it is to offer so they’re going to provide you less back with your sale and you state fine 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 sell it which is how they make a little bit of money on those spread out costs it’s usually exceptionally small it could be a matter of pens matter of cents in there but that’s one location every investment firm will again make a bit cash now the last task is called an
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overnight charge now this is really important if you’re actually utilizing cfds yourself also an over night charge is when you’re not doing that buy sell transaction in the same day fine there’s then an overnight cost charged or perhaps if you go from the friday to the monday before sailing a weekend charge now this only applies to cfds so if you’re in fact buying out the etf the stock the commodity and utilizing time one leverage which suggests you’re really purchasing the specific property instead of using leverage anyhow you won’t get hit with these costs however 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 offering in the very same day so let’s say if you enter into the assistance area this isn’t the over night charges details you can see exactly the breakdown and it’ll inform 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 service charges of course depending on what you are buying too this is on your own so keep that in mind but complete costs are completely within their help information alright and we talked about in addition to complimentary 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 five dollar withdrawal fee now another thing to call it as i’ve said copy trading and copy portfolios are 2 various ways of actually using these copy operates they do not have any additional fees on top of the regular costs that
are there now what you need to remember though is these potentially managed by other people entirely or sometimes have created portfolios you’ve got a real individual doing the management you need to make certain you pick the person that’s right for you just like any profession this is your financial assets so we absolutely need to make sure it’s the right person for us prior to we copy them so the first things i would call it if you do want to utilize this function we have actually got a number of different alternatives for us firstly if you’re brand new to investing i wish to draw your attention to this within you have the option to invest real cash or a virtual platform virtual ways i think you get yep a hundred thousand dollars to play with and it’s not real cash that you’re investing you won’t require to put in your charge card details or anything you can essentially have this virtual portfolio imitate as if you are using your own money however in fact purchase pretend buy copy people whatever you like if you’re not
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feeling comfy with using your real cash possibly this is a great choice for you once again to evaluate the theories all right you may wish to buy 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 may have lost out on gains and losses during that time naturally if you had actually invested your genuine cash it allows you to develop 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 really how to copy people and copy portfolios now here’s something to bear in mind before 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 imply by that certainly for me i’m investing long term and they tend to state the longer you’re leaving your financial investments the riskier you can be risk simply implies am i alright with possibly losing a great quantity of this financial investment or acquiring as
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well now keep in mind whatever is ups and downs you will earn money you’ll lose money that’s why they make the figure 75 individuals will lose money however that equally suggests they’ll lose eventually in their journey undoubtedly individuals do generate income as well and i have actually got videos all about how you can make certain you’re one of individuals to actually generate income however in this situation make sure you research study your risk level would you be okay offering your cash to somebody else which is effectively what you’re doing and trusting them ensure you comprehend what they’re buying totally if you’re somebody who isn’t wishing to be that dangerous don’t select someone who’s completely into crypto or currency conversion think about it you ‘d most likely desire a foundation of strong products
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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 say you can in fact use this too really easily over here you can copy individuals now it will offer you a great deal 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 united kingdom um who invests in let’s see who does etfs they’ve acquired at least 10 yeah that sounds fair that sounds an excellent quantity and i can discover everyone who has satisfied that criteria and it does give you a danger factor also so it tends to be the greater the number the more riskier they are with their stock investing now certainly there are a variety of individuals that have quite high returns
keep in mind it resembles anything to do with the news or predictions of the future this does not imply somebody will make 56 for you for the next 12 months they could make four or minus 50 there’s no other way to ensure so do keep that in mind and as easy as clicking the copy button and off you go and after that you know ask you to verify are you fine with this and off you go now another way to actually deep dive if we click on 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 rather heavy into microsoft mastercard amazon she likes her tech a bit so that’s great to know ibm paypal yep she’s absolutely like kind of into those blue box and the tech market she’s got some of mine actually that i buy too which is excellent so actually for me understanding what i like to purchase my individual stocks and shares she would resonate with me she’s got a good spread in tech companies that appears to be what she prefers she’s likewise got a bit more um of the type of primary food companies and you have actually got you know pharmaceutical and production companies as that. Tom Demark 2021.
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