Now what you…Adam Khoo Etoro… need to remember though is these potentially managed by other people completely or in some cases have produced portfolios you have actually got a real person doing the management you have to make certain you pick the individual that’s right for you much like any kind of work this is your financial possessions so we definitely need to ensure it’s the right individual for us prior to we copy them so the first things i would call it if you do want to utilize this function we’ve got a couple of various options for us firstly if you’re brand new to investing i want to draw your attention to this within you have the option 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 cash that you’re investing you won’t need to put in your credit card details or anything you can essentially have this virtual portfolio mimic as if you are utilizing your own money however in fact buy pretend buy copy individuals whatever you like if you’re not
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feeling comfy with utilizing your genuine money possibly this is a terrific choice for you once again to test the theories alright you might wish to buy tesla or apple or this etf why not use the virtual option as a way to sort of safe have fun with it certainly you may have lost out on gains and losses during that time obviously if you had actually invested your real cash it enables you to build self-confidence comprehend the platform so that’s one choice 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 people and copy portfolios now here’s something to bear in mind prior to you select 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 undoubtedly for me i’m investing long term and they tend to say the longer you’re leaving your financial investments the riskier you can be risk just implies am i fine with potentially losing a great amount of this investment or getting as
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well now remember everything is downs and ups you will make money you’ll lose cash that’s why they make the statistic 75 individuals will lose money however that similarly suggests they’ll lose at some time in their journey undoubtedly people do earn money also and i have actually got videos everything about how you can make certain you’re one of the people to really earn money but in this scenario make sure you research study your threat level would you be okay giving your money to someone else which is effectively what you’re doing and trusting them make sure you understand what they’re purchasing completely if you’re somebody who isn’t wanting to be that dangerous do not choose someone who’s totally into crypto or currency conversion consider it you ‘d most likely desire a foundation of strong products
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like gold or even oil plus more traditional etfs and index funds you may not desire some up-and-coming single stocks in your portfolio do the very same with who you’re following now as i say you can actually use this too truly easily over here you can copy individuals now it will offer you a lot of choices and you can utilize the system to in fact search for somebody that you fancy in fact following so let’s see possibly we want someone from united kingdom um who invests in let’s see who does etfs they’ve acquired a minimum of 10 yeah that sounds fair that sounds a great amount and i can discover everybody who has actually fulfilled that requirements and it does give you a threat 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
remember it’s like 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 four or minus 50 there’s no other way to ensure so do keep that in mind and as simple as clicking the copy button and off you go and then you know ask you to confirm are you alright with this and off you go now another method to in fact deep dive if we click this person for example ruby mza as an example you can really deep dive into what is she really purchasing 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 understand ibm paypal yep she’s definitely like kind of into those blue box and the tech industry she’s got some of mine really that i purchase too which is good so really for me knowing what i like to buy my individual 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 sort of main food companies and you have actually got you understand pharmaceutical and production business as that. Adam Khoo Etoro.
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