My top tips for CopyTrading on eToro

Note: past performance is not an indication of future results

I’ve been experimenting with the CopyTrading platform eToro.  It let’s you automatically copy the trades made by more experienced traders.   Here are some of the things I’ve learnt while using the platform:

What is CopyTrading

CopyTrading is where your trading account automatically copies the trades made by more experienced traders.  Trading is hard.  So why not let someone who does it for a living do it for you.

When you copytrade, whenever the copied trader makes a trade, your account will make the same trade.  If the trader buys some Apple Stock, your account will too.

With eToro, you can browse through the profiles of thousands of traders.  See how well they have performed in the past and how profitable they have been.  Here are some of the things to look out for when copying traders:

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Commsec Pocket: Should you use it?

Commonwealth Bank has launched a new way to invest in ETF’s called Commsec Pocket.  ETF’s or exchange traded funds, are funds that are made up of hundreds of underlying stocks.  Shares in these funds are traded through the stock exchanges.  The advantage of ETF’s is you get to invest in a diverse(ish) portfolio of stocks in a single investment.   For retail investors, this has proven to be a more successful for many investors compared to trying to pick and choose individual stocks.

So before you download Commsec Pocket, make sure you read this review to see if it’s the right investment choice for you.

In this review, I’m comparing Commsec Pocket with Raiz as that’s the product Commonwealth Bank is looking to directly compete with.

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CopyTrading on eToro: Does it Work?

eToro is a social trading network.  It’s a bit like if you combined a social network like Facebook with a trading platform.  On eToro traders can share the trades they make, and copytraders can automatically copy these trades.  In this post I’m going to break down how copytrading works and whether its a good way to invest your money.

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How to start investing, even if you’re broke

Many people believe that investing is something for the rich or financial experts.  The reality is though that anyone can start investing, and you don’t even need a lot of money.  You can start investing in stocks and bonds with as little as $5.  And you can even do it without being charged any fees!  So read on to find out why you should be investing and how you can do it too, even if you’re broke.

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How to invest in index funds

Index funds are a low cost, diversified way to invest in the stock market.  The reality is that most retail investors who try and pick stocks on their own will end up either losing money or not beating the market index.  That’s why index funds are a great option for investing.    They’re hands off and contain a well rounded selection of stocks.  And the numbers don’t like – individual investors see better returns when investing in index funds!

So how do you invest in these type of funds?  Well here are our favourite options for investing in index funds for Australians:

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Should you invest with Brickx

Brickx is an Australian startup that lets you invest in property with as little as $75.  On the surface that sounds like a great way for the non-baby boomer crowd to get access to the property market.  But is it really a good investment?  Find out if you should be investing in Brickx with our review.

What is Brickx

Brickx is a marketplace to buy “bricks” or shares in a property.    It’s basically a fractional investment platform for property in Australia.  You can browse through the properties listed and purchase a share based on the value of the property.

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The best investing apps in 2019

It’s amazing that in 2019 it’s possible to invest in a complex, diversified portfolio of stocks and bonds with just a couple of taps on your phone.  In fact investing has never been easier.  You don’t need lots of money to start investing anymore.  In fact you can get started with as little as $5.

In this post I’m going to share with you my two favourite investing apps for 2019 and why you should be using them.

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Losing Money on Raiz? Here is what todo

Have you started using Raiz but noticed that your account balance has gone down?  In this post I’m going to explain what’s going on and what you should do.

What you’re investing in

When you invest using Raiz, your money is invested in a diverse portfolio of stocks and bonds.  So it’s important to understand that the stock market does go up and down.  So if you’ve invested right before the market has a downturn then your account balance on raiz will go down a little bit.

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Raiz launches a messenger chatbot

My favourite investing app, Raiz, has launched a Facebook messenger chatbot.

You can use the bot for things like:

  • Ask what your Raiz balance is
  • Ask how much you spent on shopping last week
  • Ask the total of your roundups for the week
  • Ask if you can afford to go out tonight

This is a really nifty idea.  When I first heard about the chatbot, I didn’t think anyone would need it, but looking into how much it can actually do, it really does seem useful.  As well as questions about your account, you can also ask support questions on how to use Raiz and even general finance questions like “what is a stock”.

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