by Natasha Cunningham, Host
Andres Vicuna will be joining us today. He achieved around a 27% gain last year, has $650,000 worth of assets under management, and trades mostly stocks. Around 69%, Andrea, thank you for joining us. Would you please tell us a little bit more about you and your trading history?
AUM: $650,000
Traders: 69% Stocks
Overview
About the trader
🎙️ Andres: Thank you for having me. I’m originally from Chile, now living in the UK. In Chile, I dedicated my work life to wealth management, particularly working with wealthy families to build their long-term portfolios across various asset classes. After an MBA at London Business School, I started trading on eToro as a side gig. Currently, I work in a fintech in the finance team but remain active in wealth management and investing, advising families in Chile and managing my eToro portfolio.
Platform experience
Pros & Cons
Now, let’s jump into the discussion about common pitfalls and areas where investors should exercise caution on eToro.
🎙️ Natasha: As an eToro popular investor, what are some common pitfalls or areas where investors should exercise caution to avoid being deceived or misled?
🎙️ Andres: One general caution is the idea of making money fast, which is dangerous. Investors should avoid trying to make significant profits quickly. It’s crucial to understand that investing is not a casino; you’re buying real assets. Additionally, in crypto, while it can be exciting, it comes with volatility and risks. I personally don’t heavily invest in crypto as it’s less tangible, and caution is needed.
🎙️ Natasha: Where does eToro generate revenue, and how should users be aware of fees?
🎙️ Andres: eToro generates revenue from various sources, including fees on more sophisticated transactions, crypto trading, and leveraging. Users should be aware of transparent fees, especially when shorting stocks or trading crypto. Understanding fees is crucial for informed investing.
🎙️ Natasha: Is there anything specific users should look out for or be aware of when assessing investment options on the eToro platform?
🎙️ Andres: eToro is transparent, but users should be cautious with less-traded stocks, as they may have higher bid-ask spreads. Also, be mindful of fees associated with shorting stocks and using leverage. For beginners, it’s advised to stick to basics, avoid leverage, and trade cautiously.
Strategy & practice
How he does it
🎙️ Natasha: What are some common investment strategies or behaviors that may appear attractive but carry significant risks?
🎙️ Andres: Diversification is key. Some investors overlook this fundamental principle. Diversifying your portfolio helps manage risks. Also, be cautious with the temptation of high returns, especially in crypto. Past performance doesn’t guarantee future results. And, be mindful of fees, particularly in more sophisticated assets.
Instruments & assets
What does he trade
🎙️ Natasha: Are there any particular financial instruments or markets where investors should exercise caution due to volatility or potential for manipulation?
🎙️ Andres: Publicly traded markets generally have little room for manipulation. However, investors should be careful in frontier markets where liquidity is lower. Also, when using leverage or shorting stocks, understand the associated fees. Be cautious with more sophisticated instruments.
Where to find him
Platforms & accounts
🎙️ Natasha: Where can people learn more about you and follow your trading journey?
🎙️ Andres: You can find all my information on eToro. My username is AndresVt, and you’ll have access to my stats, trades, and portfolio transparency. Feel free to reach out, and I’ll be glad to answer any questions.
He mentioned that he used the following tools.
His profile pages
Feedback
My recommendations
🎙️ Interviewer: Any advice for those in the early stages of trading or aspiring traders?
🎙️ Andres: Education is key. Utilize online resources, courses, and platforms like Investopedia to understand financial concepts. Stick to the basics of equities and fixed income. ETFs are great vehicles for beginners. Don’t rush into sophisticated strategies, avoid leverage, and consider fixed income as part of your portfolio.
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