Jay Smith
Jay Smith
United Kingdom
๐—˜๐˜…๐˜๐—ฟ๐—ฎ ๐—™๐˜‚๐—ป๐—ฑ๐˜€ ๐——๐—ฒ๐—ฝ๐—ผ๐˜€๐—ถ๐˜๐—ฒ๐—ฑ Hi everyone, as you all should be aware by now, today is the day for adding extra funds to my eToro account. The funds have now been deposited. I added 16.7% additional funds, so for those looking to match the deposit exactly, this is how much you should add to your copy, I believe eToro should have sent a notification asking you to deposit the exact correct amount automatically. Ideally you should deposit additional funds by the 3rd of May, but the 4th should also be fine - this will avoid unnecessary re-syncing if you are matching the same percentage as me. Below are the same copier considerations to keep in mind, you can also check my previous posts for full context and the comments for any questions that I may have already answered. ๐˜พ๐™ค๐™ฅ๐™ž๐™š๐™ง ๐˜พ๐™ค๐™ฃ๐™จ๐™ž๐™™๐™š๐™ง๐™–๐™ฉ๐™ž๐™ค๐™ฃ๐™จ As a copier you have 3 options when I add funds: ๐Ÿ. ๐‘ซ๐’ ๐’๐’๐’•๐’‰๐’Š๐’๐’ˆ After a couple of days your portfolio will automatically re-sync to mine, closing positions if necessary and opening new ones. This isnโ€™t the optimal option because you may incur some spread fees, but these are low and would only make a negligible difference to the full-year performance of the copy. ๐Ÿ. ๐‘จ๐’…๐’… ๐’‡๐’–๐’๐’…๐’” ๐’Š๐’ ๐’•๐’‰๐’† ๐’”๐’‚๐’Ž๐’† ๐’‘๐’“๐’๐’‘๐’๐’“๐’•๐’Š๐’๐’ If you add funds proportionate to my deposit within a couple of days of me doing it, your portfolio wonโ€™t need to re-sync. This option is recommended, especially if your total copy amount is below the recommended minimum copy amount of $1000. ๐Ÿ‘. ๐‘จ๐’…๐’… ๐’‡๐’–๐’๐’…๐’” ๐’˜๐’Š๐’•๐’‰ ๐’Ž๐’๐’“๐’†, ๐’๐’“ ๐’๐’†๐’”๐’” ๐’•๐’‰๐’‚๐’ ๐‘ฐ ๐’‚๐’Ž ๐’‚๐’…๐’…๐’Š๐’๐’ˆ This option may result in some automatic portfolio resynchronization, but might be more appropriate if you want to be more aggressive and add more funds, or if you donโ€™t have enough funds to copy with the full amount, but still want to increase your exposure to markets. There are no bad options, but as mentioned, itโ€™s worth double checking that your copy amount is at least $1000 because this is required to ensure you are able to copy all positions in the portfolio. ๐˜พ๐™ก๐™ค๐™จ๐™ž๐™ฃ๐™œ ๐˜พ๐™ค๐™ข๐™ข๐™š๐™ฃ๐™ฉ๐™จ No more posts about deposits now, I promise. Hopefully I'll have a post up tomorrow morning about some recent earnings (this was a busy week). As usual, fire your questions my way in the comments and I'll do my best to respond as quickly as possible.
Not investment advice. The author may have financial interests in the mentioned instruments.
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