Hi, not financial advice of course but if you haven't opened a stocks and shares ISA this tax year then I would open that one. Invest account you pay tax on any gains and interest from cash. CFD is very dangerous for beginners (and even those with experience) so I'd stay away from it. Finally cash isa will earn interest tax free but not give you the option to be able to buy ETF's like the stocks isa will. If you do decide to start buying stocks in the account you'll beat 90% of other investors by just buying the VUSA S&P500 etf with the same amount of money each month regardless of what the market is doing. Thanks
Do you recommend auto sniper for when your accounts are gubbed meantime carrying on with more aggressive VB like Rebel, 2ups and MB with horses during festival ?
Hi, Coul you make a seperate video about the forex copy trading app ? Thanks ! Would be nice to know more regarding: 1) long term profits AND how much I can make when despositing say £1000 or £2000, you get the idea. 2) taxes
Hey Luke, it's a hard one to say profits as it depends on the trader and how well they are doing at the time you start copying. It is taxable income but I am currently working on a video which will show how to do copy trading that is tax free. Thanks
Also when i buy sniper can i download the system only on one pc or multiple devices - was thinking would be great to do with multi accounting - your thoughts would be great thanks you Chris
It only lets you login on one device at a time, although in theory you could purchase a second subscription just using another email address if you had enough accounts to make it worthwhile.
Hey Chris I was wandering are you still doing Axi? I have been doing great copying Holy Grail ever since you made the video so thanks very much for that, but I am surprised that you aren't covering it in this video.
Hey Conor, yeah still loving Axi. Video coming soon on how to make the profits from it tax free. Not sure if you commented before the end of the video but it is covered. Thanks
Hi there, If I put £1000 in on copy trading, is it possible to lose more than that £1k? And also, how do taxes work with the profits from copy trading?
Good question really wanting to know about all the tax implications of all these diifferent methods I mean if you do this then regular job are you suddenly going to find yourselve in a 40% tax bracket rather than 20% then owe a heap of money in tax
Hey Hammer, if you set your hard stop level at 100% then no you cannot lose more than your initial deposit. It is taxable income but I am working on a video to show how to copy trade and it be tax free. Thanks
Hey Tim, of course as your earnings go up then your tax will go up but there are things you can do in order to claim tax back and reduce it massively which is what the wealthy do. Thanks
@@timporter4008 It doesn't work in the way that if you just creep into 40% bracket you suddenly have to pay double tax, it is only the fraction of your money that is in the 40% range that is taxed 40%. For example, if you earn 60K then the first 12k is 0% tax. 38K is 20% tax and only 10K is 40%. So all in all you will be paying around 20%. So I wouldn't worry about investing doing anything crazy to your taxes mate.👍
Thank you for the video. Have you got an email I contact you in regards to this ? I am living in the UK and really struggling with living costs and would be grateful for some genuine help. Thanks
Hello and thank you for the video. Have you got an email? I can contact you in regard to this ? I am really struggling with living costs in the UK and would like to give this a try. I would be grateful for some help. Thank You
Apologies for the poor video quality. Must of clicked the wrong settings when in the editing software! Will try not to do that again!
Quality is grand lad! Thank you for your videos.
Great info. Many thanks
Which account do you chose with trading 212? (the one mentioned in the video), invest?, cfd?, stocks isa or cash isa?
Hi, not financial advice of course but if you haven't opened a stocks and shares ISA this tax year then I would open that one. Invest account you pay tax on any gains and interest from cash. CFD is very dangerous for beginners (and even those with experience) so I'd stay away from it. Finally cash isa will earn interest tax free but not give you the option to be able to buy ETF's like the stocks isa will.
If you do decide to start buying stocks in the account you'll beat 90% of other investors by just buying the VUSA S&P500 etf with the same amount of money each month regardless of what the market is doing. Thanks
Do you recommend auto sniper for when your accounts are gubbed meantime carrying on with more aggressive VB like Rebel, 2ups and MB with horses during festival ?
Hi,
Coul you make a seperate video about the forex copy trading app ? Thanks !
Would be nice to know more regarding:
1) long term profits AND how much I can make when despositing say £1000 or £2000, you get the idea.
2) taxes
Hey Luke, it's a hard one to say profits as it depends on the trader and how well they are doing at the time you start copying. It is taxable income but I am currently working on a video which will show how to do copy trading that is tax free. Thanks
@@ProfitBossOk thank you. Looking forward to the new video.
Also when i buy sniper can i download the system only on one pc or multiple devices - was thinking would be great to do with multi accounting - your thoughts would be great thanks you Chris
It only lets you login on one device at a time, although in theory you could purchase a second subscription just using another email address if you had enough accounts to make it worthwhile.
Hey Chris I was wandering are you still doing Axi? I have been doing great copying Holy Grail ever since you made the video so thanks very much for that, but I am surprised that you aren't covering it in this video.
Hey Conor, yeah still loving Axi. Video coming soon on how to make the profits from it tax free. Not sure if you commented before the end of the video but it is covered. Thanks
@@ProfitBoss Ah ok nice 👍
Hi Chris, I am from Namibia, are all these 5 opportunities also available in other countries, or only for people in the UK?
What kind of interest would I see from £1 on the trading 212 app
Less the 1p per day
You need atleast £500 to start otherwise it’s pointless
Do you get taxed on the Trading 212?
Hello mate are 2ups still profitable ? I was thinking of joining your link
Hi there, If I put £1000 in on copy trading, is it possible to lose more than that £1k? And also, how do taxes work with the profits from copy trading?
Good question really wanting to know about all the tax implications of all these diifferent methods I mean if you do this then regular job are you suddenly going to find yourselve in a 40% tax bracket rather than 20% then owe a heap of money in tax
Hey Hammer, if you set your hard stop level at 100% then no you cannot lose more than your initial deposit. It is taxable income but I am working on a video to show how to copy trade and it be tax free. Thanks
Hey Tim, of course as your earnings go up then your tax will go up but there are things you can do in order to claim tax back and reduce it massively which is what the wealthy do. Thanks
@@ProfitBoss im not clever enough to work it all out
@@timporter4008 It doesn't work in the way that if you just creep into 40% bracket you suddenly have to pay double tax, it is only the fraction of your money that is in the 40% range that is taxed 40%. For example, if you earn 60K then the first 12k is 0% tax. 38K is 20% tax and only 10K is 40%. So all in all you will be paying around 20%. So I wouldn't worry about investing doing anything crazy to your taxes mate.👍
Thank you for the video. Have you got an email I contact you in regards to this ? I am living in the UK and really struggling with living costs and would be grateful for some genuine help. Thanks
Hi Chris, trying to get on your free 2up course and the password isn’t working
Hey Ben, have you tried all lower case without any spaces? Thanks
@@ProfitBossThanks for the response Chris. I copy and pasted the password, I’ll try again tomorrow when I get some time
Same here mate
@@littlebucko8779 working for me now, I typed it out instead of copy and paste and that worked for me
5.2% each day? That's very good is it not...?
5.2% annually, but paid daily
Hey, that would be amazing but no. As Lewis says it's annual rate but you do get it paid at 10pm everyday. Thanks
That translates approx to £0.70 per day for every £5k held on trading 212
Hello and thank you for the video. Have you got an email? I can contact you in regard to this ? I am really struggling with living costs in the UK and would like to give this a try. I would be grateful for some help. Thank You