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Etoro Canada Tax….Questions that i speak with brand-new financiers what if you’re brand new to investing you just don’t want to decide what you really want to invest and you desire someone to do it for you there’s only a couple of manner ins which that can occur the to start with you can hire an investment portfolio manager they’ll typically charge a rather a high premium to do that possibly one or two percent of your revenues will go to them the other thing is obviously you can buy mutual funds particular funds are developed 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 an overall please bear in mind this platform is quite advanced you can do cfds which naturally cfds are ways of investing

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with not in fact having the total of capital so with anything that you’re finding out about please do study the platform don’t simply presume due to the fact that i utilize it that you can use it right now do some due diligence have a little play around with it even invest with virtual money they give that choice too so you actually 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 of course your capital is at threat this is investing we’re doing you’re investing in genuine business if you select to in this particular video we’re speaking about how to copy other individuals’s investments with your money so undoubtedly your capital is at risk and we have to bear that in mind do not just do something because that person has actually said they’ve made revenue 14 months in a row purchase these options since you think is the ideal ones for you which being said 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 belongs to 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 extraordinary we do not generally get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading therefore that means with our cash we can really state i want to do precisely what that trader is doing or match that specific portfolio of choices and generally every time they make a trade they buy they offer whatever they do your money will be mimicked with it so that implies if for instance 10 of their investment portfolio is in tesla guess what you’ll now be investing 10 of your cash in so we’re going to likewise cover is the fees involved truly important you understand what are the expenses of this now with any platform there will be some cost to undoubtedly these are real business that are investing they’re doing the buying the selling for you there’s going to be charges included and even some of the zero charge websites then may not charge you for actually buying and selling etfs or funds private products private stocks.

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a lot 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 2 open market anybody this is basic they have actually i expect stuck to whatever fee they charge for that conversion rate you sort of need to accept you understand if you want to utilize their platform go from uk to us then that conversion cost is there what are they actually giving 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 instead you need to pay their charges now the great aspect of though when you have actually converted your cash you do not have to invest it immediately that dollar worth can being in your portfolio as money dollars for as long as you like so that indicates 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 extra charges so that’s actually great using that part of their site won’t definitely limit you in any way however we need to be aware of 2 other charges the first being what’s called spread fees okay and i’m going to show you what i imply on now a spread charge as i’m going to show you

on is generally the difference that becomes part of the financial investment platform in between the buy price and the price all right it’s their premium on doing both those two 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 suggests that when you wish to offer or purchase as you can see it’s not the rate you’re seeing up here let me reveal you that again so the existing cost of tesla is the worth of a share what’s called spread costs is the difference then actually 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 benefit from you every time you do a buyer’s share so keep that in mind obviously it’s more expensive to purchase than it is to offer so they’re going to give you less back with your sale and you say fine well why does that happen it just does that is the nature of a lot of platforms out there there’s a difference 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 charges it’s typically incredibly little it could be a matter of pens matter of cents in there however that’s one location every investment company will again make a bit money now the last feat is called an

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overnight fee now this is actually important if you’re in fact using cfds yourself as well an over night cost is when you’re refraining from doing that buy offer deal in the very same day fine there’s then an overnight cost charged and even if you go from the friday to the monday prior to cruising a weekend charge now this only applies to cfds so if you’re really buying out the etf the stock the commodity and using time one leverage which implies you’re actually buying the precise asset rather than utilizing take advantage of anyhow you won’t get hit with these charges but these fees are if you’re utilizing utilize and cfds and then you’re going to have these fees if you’re not buy offering in the very same day so let’s say if you go into the assistance section this isn’t the overnight charges info 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 which only uses as i stated to cfds there are some surcharges of course depending on what you are purchasing too this is on your own so keep that in mind but complete costs are totally within their help details okay and we talked about 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 normal commodity stock shares everything there’s that 5 dollar withdrawal fee now another thing to call it as i’ve said copy trading and copy portfolios are two various ways of in fact utilizing these copy works they don’t have any additional fees on top of the regular fees that

exist now what you need to bear in mind though is these potentially handled by other people entirely or sometimes have created portfolios you’ve got a real person doing the management you have to ensure you choose the individual that’s right for you just like any type of work this is your financial properties so we absolutely require to make certain it’s the best individual for us prior to 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 choices for us first off 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 methods i believe 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 simulate as if you are using your own cash but in fact purchase pretend buy copy people whatever you like if you’re not

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feeling comfy with utilizing your genuine money maybe this is a fantastic choice for you again to evaluate the theories alright you might want to purchase tesla or apple or this etf why not utilize the virtual choice as a method to kind of safe play with it obviously you might have lost out on gains and losses during that time of course if you had actually invested your genuine money it permits you to build self-confidence comprehend the platform so that’s one alternative for you then next week and i’m going to return 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 remember before you choose somebody that you’re going to copy or a portfolio you’re going to copy make certain you understand what your danger profile is now what do i suggest by that clearly 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 means am i alright with potentially losing an excellent amount of this investment or gaining as

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well now keep in mind whatever is ups and downs you will make money you’ll lose money that’s why they make the figure 75 people will lose cash but that similarly implies they’ll lose at some point in their journey undoubtedly people do earn money too and i’ve got videos everything about how you can make certain you’re one of individuals to really generate income but in this situation ensure you research study your threat level would you be alright providing your money to someone else which is efficiently what you’re doing and trusting them make sure you understand what they’re investing in completely if you’re somebody who isn’t wishing to be that dangerous do not pick somebody who’s entirely into crypto or currency conversion think of it you ‘d probably desire a foundation of strong products

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like gold or perhaps oil plus more standard etfs and index funds you may not want some up-and-coming single stocks in your portfolio do the same with who you’re following now as i say you can really utilize this too actually easily over here you can copy people now it will offer you a great deal of choices and you can utilize the system to in fact search for someone that you elegant actually following so let’s see possibly we want someone from united kingdom um who buys let’s see who does etfs they have actually gotten at least 10 yeah that sounds reasonable that sounds a good amount and i can find everybody who has actually fulfilled that requirements and it does provide you a threat factor too so it tends to be the greater the number the more riskier they are with their stock investing now certainly there are a number of individuals that have quite high returns

remember it resembles anything to do with the news or forecasts of the future this does not mean somebody will make 56 for you for the next 12 months they could 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 after that you understand ask you to validate are you all right with this and off you go now another way 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 excellent to understand ibm paypal yep she’s certainly like sort of into those blue box and the tech market she’s got some of mine really that i buy too which is excellent so really for me understanding what i like to invest in my private stocks and shares she would resonate with me she’s got an excellent spread in tech business that seems 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. Etoro Canada Tax.

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