eToro has just announced a really cool new investment product CopyFunds. I think this could be really profitable for a lot of people and wanted to share with you how it works.
CopyFunds allows you to invest in a group of assets that are bundled together. These are a great alternative investment in the current low interest landscape.
You can choose to invest in a variety of different bundles such as “Big Banks” or “Tech companies”. You can also invest in bundles of etoro investors such as “active traders”
At the moment eToro doesn’t charge any management fees on this investment. Which is a big plus (and something I wish was the same with my other investments).
The entire process is automated and getting started is as easy as one click. I’m definitely going to be looking into adding this into my trading strategy over the coming months as a way to solidify my investment.
CopyFunds isn’t for everyone – for starters the minimum investment is $5000 and you’ll have to be risk tolerant as this is an automated product. There is no fund manager!