How To Use Trading 212 App In 2024 | Investing For Beginners!
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- เผยแพร่เมื่อ 28 มิ.ย. 2024
- In this video i’ll share a full step by step tutorial of the Trading 212 app, the perfect guide for investing beginners looking to get started investing in 2024! Trading 212 are a commission free stock investing platform that i’ve been using for close to 4 years now. I’ve featured my Trading 212 portfolio updates heavily on the channel over the past couple of years to transparently share a real investment portfolio and the journey that i’ve been on to build my own Trading 212 portfolio. So I thought i’d share all of the latest features on the Trading 212 app and how it works, where we’ll discuss all of the key features like the Trading 212 pies, how to buy and sell shares, how to earn interest on cash and much more!
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💰 Up To £100 FREE Share With Trading 212 Use PROMO Code “MITCH”: trading212.com/promocodes/MITCH
Free shares can be fractional. *Terms and fees apply.
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lendlord.io/sign-up-page-uk-m...
📬 Subscribe To The FREE Weekly Market Memo: mitchinvesting.substack.com/
📈 Learn How To Build Wealth With Investing:
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How To Use Trading 212 App in 2023!
00:00 Trading 212 Intro
00:34 Regulatory Protection
01:17 Account Types
02:44 Free Shares
03:33 Deposit Funds
04:06 Interest on Cash
05:22 Ready Made Pies
07:53 AAPL Stock Example
08:50 How To Buy Shares
10:37 How To Sell Shares
11:15 Portfolio Allocation
12:32 ISA Transfer
13:16 Like & Subscribe
Interest on Cash Feature Video: • NEW Money Market Funds...
📷 Instagram: @mitchinvesting
#Trading212 #Trading212Invest #Trading212ISA
Disclaimer: This video does not represent financial advice, and I am not a financial advisor. When investing, your capital is at risk. Investments can rise and fall and you may get back less than you invested. Past performance is no guarantee of future results. Free shares can be fractional. *Terms and fees apply - www.trading212.com/terms/invest.
Disclaimer: Your capital is at risk. Some of these links may be affiliate links. If you purchase a product or service using one of these links, I will receive a small commission from the seller. There will be no additional charge for you.
Disclaimer: All ideas presented within this video are that of my own based on my own opinions. Please do not consider any of these videos as financial advice as I am NOT a financial advisor. All financial decisions and choices made are solely your responsibility. The views shared in this video are just for entertainment purposes only. When investing, your capital is at risk and can go up in value as well as down in value. You should consult a suitably qualified professional when seeking out investment advice in order to fully understand the risks associated with investing.
Happy Sunday guys! If you want to start using Trading 212, then be sure to click on the following link and get 1 FREE share valued up to £100: trading212.com/promocodes/MITCH
Can I edit the length of time on my pie? When I opened my account I set my pie for 5 years. Can that be edited?
@@Kmat916 I’m not 100% sure, I don’t use them. I think you can cancel the pie as far as I know
Thanks for doing this video. Really helped a newbie. 👍
Brilliant,didn’t realise about earning interest,just activated...Thanks
Awesome video Mitch. Thanks.
BTW, I just used your promo code and got £10
Great Review. Thank you.
Just opened a trading212 account and this video was really helpful! New subscriber 👍🏼
Thanks Daniel! Glad it was helpful!
If a company hits a new high on a Friday, sell, then the panic sellers will help you for a future rebuy for cheaper
And what is the situation when the specific instrument's value goes down ? I can lose my money too right? IT is all depends on how the company does performance in long term. IS that true guys?
How to buy options? I tried investing in gamestop but on cfd bcz i thought theres no call options but im not sure...
Hi I have an investment isa, I’m winding when the stock goes high so I pull my money out of just leave it thank you
I’m new at this game would love some info
Hi Mitch, can you make a video tutorial for the Desktop/Mac version of T212? also do yo uknow if the new beta app is any good?
Hey! I’ve not used it yet but definitely could put something together on it. I know it’s got the TradingView integration on it which is a super useful feature for those looking at more technical analysis
what are the best emerging sectors in UK and the top 10 popular small cap stocks?
Hey Mitch, how do you re-enable the automatic price change alert?
Hey! If you click into the stock you’re looking at, there is a price alerts feature which you can click on and set your specified price target to be alerted.
Hi Mitch, great video. Can you tell me why some ETF are view only? I was looking VOO but cannot invest as view only. Thx
Hey David, VOO is only available in the US , the UK equivalent is the VUSA
Thx for the reply, appreciate your help@@MitchShoesmith
What's this W8ben form please Mitch. Not sure what to tick, eligible or not in UK. Tia
It’s to lower your withholding tax on dividends for US stocks from 30% to 15%, so definitely applicable. Would reach out to Trading 212 support if you’re unsure.
Hi, please can you mention which dividend ETF S&P 500 am i able to buy in UK?
Hey, I invest in the Vanguard VUSA S&P500 ETF, it does pay a dividend but the quarterly yield is only 1.14% currently so it’s not huge if dividends are your main priority
got £11.67 cheers bud
Hey Mitch, u didn’t put the video about the intrest on cash in the description 4:46
Apologies, it’s this one here: th-cam.com/video/oVdRSh1O6Gk/w-d-xo.htmlsi=r3IGJ8Ln4jpRPLuT
How is it possible that my withdrawal since the 18th of March hasn't come in till today ? And nobody can give me concrete solution rather than "we will come back to you shortly"
I need my money, its Friday already
Awesome Mitch, By the way I was wondering if I could assist you with producing engaging edits?
How is it possible that my withdrawal since the 18th of March hasn't come in till today ? And nobody can give me concrete solution rather than "we will come back to you shortly"
I need my money, its Friday already
How much money have you invested, and still you don't grt your money. @lexezeilo9890
Is there any way to reset my account to 0%? Example I have a stock 20% up and I want to start the new year from 0%.
Yeah you can just sell your shares
How many free shares did you get from this video then Mitch? 🤑🤑🤑
For example if I have your portfolio with that sum and I sell some of my fractions that grew up will they transfer on my credit card automatically?
Hey, any shares sold (fractional or full) will need to be withdrawn manually to your bank account - takes about 3 business days to get the money in your account
Does the free share count towards the ISA allowance for the year? Or does it not count as it technically wasn't me transferring in the share?
Yes, it counts towards the ISA allowance. I set mine up today and got a £12 share
Just decided to make the jump now. I know little to nothing about stocks but doing a little research. anything you can recommend?
Great to hear! The first book I ever read on investing was Tony Robbins Money Master The Game, but if you're after a slightly shorter read i'd pick up The Little Book Of Common Sense Investing by John Bogle, or read both and you'll know 90% of all you ever really need to know about investing :)
@@MitchShoesmith thanks man I’ll take a look
Do you know how to chance between model pie and Community pie ?
Sorry, I’m not sure what you mean?
How is it possible that my withdrawal since the 18th of March hasn't come in till today ? And nobody can give me concrete solution rather than "we will come back to you shortly"
I need my money, its Friday already
How do you set up a standing order? I would much rather prefer to have it fully automated, then remember to fund my account each month...
Hey Damian, you can do this through the pies feature in the app & set up automated investments
Where can you see the “free shares” once you’ve applied a code?
It’ll just appear in your portfolio 👌🏼
Quick Question regarding the Tax side of things - say I have a portfolio that surpasses the £20,000 annual tax-free threshold. Anything above this is tax deductible. Does the Government take this tax directly from the Trading212 account, or do you have to do this manually at the end of the financial year?
Probably a silly question, but I'm a newbie when it comes to this, and have not seen anyone discuss how the tax is actually paid!
Hey, the £20,000 is an allowance on deposits, so you can only invest a maximum of £20k per year across your ISA's. Any gains from capital appreciation or dividends within this account (regardless of value) are completely tax free.
Will you still get 5.2% on money that you have allocated in buy limits to buy stocks but havent bought yet?
Good question, I’m not 100% sure on the answer to that. I would assume not as I think the money would come out of your “free funds” and be a pending buy order. Let me know if you find out though!
How does it work with dividends where do I get them on the app or can I track them on the app
they'll show up as "free funds" in your account, and you'll see them under the "history" tab.
How is it possible that my withdrawal since the 18th of March hasn't come in till today ? And nobody can give me concrete solution rather than "we will come back to you shortly"
I need my money, its Friday already
Hello we use your promo code and the shares went into the ISA utilisation , but isn’t it meant to reflect on the Free Funds ???
Thanks for your answer
Hey, no it comes through as a share then you can keep it or sell it if you want it in your free funds
@@MitchShoesmiththanks so much I tried even selling it but no it’s not really going through
Maybe you could guide on how to go about it reflecting on my free funds
Thanks
So if im not from UK there is not ISA for me right?
ISA is a UK thing, there may be tax efficient options where you live though, potentially.
So if you have £1000 invested and the return is currently £300, If you sell all your stocks would you get £1300 or does the return work differently?
Correct, you would receive the equivalent to the companies share price multiplied by the number of shares you own (which is in theory what you have described above when the stock prices rises above that of your average purchase price)
Do you advice to buy which stocks?
would you recommend investing in the S&P 500 and the magnificent 7 at the same time?
I can’t make any recommendations, sorry!
I have maxed out my 20k for this year with a lump sum.
What do people normally do if they want to invest more?
Do in they just use the taxable Invest account and accept the taxes?
Or leave the cassh sitting there uninvested gaining 5.2%.
Can't say I've been in that position but yes I suspect so, once you've made the most of your tax free options, it'll just be a case of looking at your other options (whilst minimising your tax liability!) like perhaps adding more to a pension could be one viable option
I'm creating an account should I choose the investing or the CFD account
Stocks ISA if you can, Invest if not
Whats the least you can start with? How long does it take. I've still no idea how it all works :(
You can literally invest as little as £1 if you wanted. When you say how long does it take, it depends what your goal is, or the outcome you’re looking for…
Hey great video I'm just wondering is there anyway a 17yr old can start before their 18? Without the hassle of their parents opening an account in their name and them paying the CGT when they do their taxes?
Hey! Thanks Rory. Unfortunately not you do need to be 18 to open an account.
Hi, I created an account and entered your code but it doesn’t show in my funds. How do I find the promo £100 to spend. Is it stored in a different area and am I just being a bit dumb?
Hey Alex, once you deposit £1 into the account the free share should appear, if not click on the three dashes at the bottom right hand side and there is an option “promo code” if you enter “MITCH” it should come through
Hi thanks for getting back to me do swiftly. I just tried that but it said I had already applied the code. I guess it’s a one shot thing.
@@alexchancock yeah it should work then, may just take a day or two to show up in your account - market is closed right now too so it’ll likely be Monday when the next orders are filled
Where are the fees shown when you buy UK shares (usually 0.5%) other instruments have over night fees etc. On etoro its very clear
There are no additional fees, only an FX fee for foreign stock charged at 0.15%. I believe eToro operates with a different model, overnight fees are typically applicable to CFDs as far as I’m aware. There is no overnight fee for holding shares on T212 via the stocks ISA or invest account.
@@MitchShoesmith thx for the reply 🙏 yes CFDs I was aware re a fee- there is no fee for buying a UK share though? The UK fee is a tax (0.5%) I thought we had to pay. Also iShares funds that track gold for example eg overnight fees - I thought they had fees but I can't see where this info is on 212.
Did they not change the rules a while ago where you could invest in more than one stocks and shares ISA from April?
It’s two different types of ISA, ie you can invest into a stock and shares ISA and then a Lifetime ISA in the same tax year, but the 20k limit is still in place across both. So if you were to max out your lifetime ISA allowance (£4000) then you stocks and shares ISA limit would decrease from £20k to £16k
The budget announcement made end of last year mentioned that from April 2024 you could invest in more than 1 platform of the same ISA account in the same tax year@@MitchShoesmith
@@MitchShoesmith Liam is right community.hmrc.gov.uk/customerforums/pt/46517a32-0c9d-ee11-a81c-002248c69e85#:~:text=Yes.,at%20£20%2C000%20in%20total.
1. No more single Isa limit
Savers will be able to open and pay into multiple Isas of the same type annually. That will replace current rules that only let you put money into one of each type of Isa every tax year.
The change will enable savers to easily move between different providers and is intended to encourage competition. With cash Isas still enjoying record rates of 5% AER or more, this is good news for savers searching for higher returns.
No
Hi Mitch this is my first day and started my account just wandering when I click on portfolio it asks me to put the account number with old broker what does that mean😊
Hey, did you do a portfolio transfer?
@@MitchShoesmith I am really confused with some things atm just bought your course gonna listen to that from today
@@VidushiJaidka-nq2ms hopefully it helps! Drop me a message if you have any Q's
What does it mean by pending orders
It just means the order hasn’t been fulfilled, this is likely because the market is closed or an order block hasn’t been filled yet which is more typical for ETFs
Do I have to file any of this when I do my self employed tax return
I’ve not completed a self employed tax return before but I don’t believe so as the ISA isn’t subject to any tax.
@@MitchShoesmith that’s what I thought but I’ve just started and didn’t want to deposit without knowing about that. Any tips for me was looking into the vanguard S&P 500
Do you lose financial services protection after activation of the 5.2% money market feature.
?
My understanding is because the QMMF (qualifying money market fund) is treated as an investment and not as money held with a bank it's not covered by the FSCS. Having said that,, my understanding of how Trading 212 operate is that your investments are segregated to that of the companies assets, so if Trading 212 were to become insolvent, your assets would be protected and not available to Trading 212 creditors.
Mitch, I can find stocks ISA and cash ISA, which one is it?
Stocks ISA is for your investments (stocks, bonds, commodities, ETFs, REITs etc..) Cash ISA is just for cash savings
I applied the code MITCH and can’t find the £100 on my portfolio either
@@robj7165 you’ll need to deposit £1 into your account within the first 10 days of opening it and it should work
@@MitchShoesmith great thankyou! The video is also really helpful!
How come you are not invested in MSFT?
I am, via the S&P500 ETF I hold ☺️
Hi, Can I create an account as a non uk tax resident based out in hk?
Hey Stacey, I believe you need to be a UK tax paying resident to open an ISA account
I used the link to sign up but don't see any free shares on my account?
You’ll need to deposit £1 into the account, if still nothing appears try entering the promo code MITCH, you can do this by clicking the three dashes at the bottom right and there is an option there to enter it - hopefully this should work!
@@MitchShoesmith is it because I may have had an account on the app in the past? I added some funds but still don't see anything in free funds apart from what I added. I tried entering the promo code through the app and it said I've already used the code
Skipped over QMM’s pretty quick. Need to read the small print people.
Yep for sure, I’ve got a full video on it on the channel ☺️
Isn't the rule of being able to pay into one type per year going to change starting next tax year?
Not as far as I’m aware, have you got a source you can share?
@@MitchShoesmith www.gov.uk/government/publications/tax-free-savings-newsletter-10/tax-free-savings-newsletter-10-november-2023
This was what I could find
@@MitchShoesmiththey are correct. I posted a link earlier but it seems to have been deleted
@@user-ws5tu6wu6t could you post it again ? I haven’t seen it
Just found something: www.forbes.com/uk/advisor/investing/how-many-isas-can-i-have/#:~:text=Alternatively%2C%20you%20could%20use%20your,in%20the%20same%20tax%20year.
Really annoying that you can’t use the app if you’re on the US App Store. I’m from the UK, pay tax, here, but also work in the US. Just dumped 50k into start and then found out I can’t manage anything on the cell phone. Feckin annoying. What happened to our global reach 🤷🏻♂️
what's the other type of account?
On T212 you’ve got available a Stocks ISA an Invest Account, and a Cash ISA
yeah but whats the CFD one?
@@calinacio4327 CFD is contracts for difference, it’s leveraged trading which is completely different to investing
Is Tesla a Good Stock To Invest in Right now ?
I mean who knows, they’re definitely facing into some head winds with lower growth forecasts but for me I think the negative sentiment is overdone. Won’t be long before we’re trading at PE multiples that can’t be ignored.
How is it possible that my withdrawal since the 18th of March hasn't come in till today ? And nobody can give me concrete solution rather than "we will come back to you shortly"
I need my money, its Friday already
It’s possible that it could be a 3-5 day withdrawal window, not 100% sure!
Hey, I clicked the link and didn't get my free share
Hey, have you deposited into the account? It may take 1-2 working days to show up too.
First 🎉
whats cfd
CFD is contracts for difference, it’s leveraged trading
@@MitchShoesmith im a biginner what is saver cfd or isa
@@fortniteguyyyy an ISA is an individual savings account, there are different types but a stocks and shares ISA is a tax free account for people who are investing for the long term.
Is it oke to do This even you’re 13?
I really want to do This But I don’t know if it is smart to do This at 13 years old
@@deavonturenvanolivia6095 hey, unfortunately you can’t open an account until your 18, but I admire you thinking about it at your age! The only thing you could do is get your parents to open a Junior ISA for you but they would have to contribute to it on your behalf I believe.
What type of account is tax free and for a complete newbie in this?
It’s a stocks and shares ISA you’ll need
@@MitchShoesmith thanks for the reply. Never invested before and am quite fearful tbh. Currently have it set to invest because in the app it stated no commission fees or taxes. Can I only lose money that I deposit in the app?
Hi,,, new subscriber here,,, i wanna ask if i can start with 50 pounds? thanks
Hey - yes , you can start with as little as £1 :)
Pls answer me
Why when i open this app it doesn't let me create an account
Is it because I'm from iraq?
Did he say you get 5 percent each day , so 100 pound would give u 5 pound each day?
interest is paid daily, but calculated monthly, so you'd get c£5 over the month, but it'd work out to be about c16p a day