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From successful entrepreneur to successful CopyPortfolio investor: Meet Chris Hyland

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Chris (@ChrisHyland) from the UK is a successful entrepreneur who founded one marketing agency that went global and is now the head of another company he founded, The Happiness Index.  He is an active investor on eToro and a fan of the platform’s CopyPortfolio investment strategies. We asked him to answer a few questions about himself and his trading habits:

65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Past performance is not an indication of future results. This is not investment advice.

  1. Tell us a little bit about yourself?

I grew up in the UK in Sussex. I am an entrepreneur – at the age of 26, I started a digital marketing agency called 4Ps Marketing with a friend/ business partner. The agency eventually went global and was sold to a larger company, NetBooster.

  1. How did you end up building The Happiness Index?

Through experience at 4Ps Marketing, and having to deal with a lot of people, you kind of learn how important it is for people to be happy and motivated in their jobs. This is what our new business, The Happiness Index, focuses on. The mission is to change the world and redefine work/life balance. We were recently awarded the “New Business of the Year” at the 2018 European Business Awards.

  1. Why did you choose to invest on eToro?

I originally chose eToro because I loved the idea of choosing my own investments and controlling my own portfolio. I like the fact that I can choose my own instruments to invest in on their own and I can also invest in portfolios made by eToro such as BigTech or Driverless CopyPortfolio. I also really enjoy that I can copy other investors because they are trading on my behalf and I learn so much just by reading their updates. It’s also really just a simple platform, whereas other platforms seemed very confusing to me.

  1. What is your previous experience in regards to investing?

I’ve been investing in small companies for 5-10 years, however, I’ve only been investing in the stock market for a couple of years. I don’t have so much experience.

  1. Which CopyPortfolios are you investing in and why?

At the moment I’m invested in a few CopyPortfolios:

The first one is the FoodDrink CopyPortfolio – I chose this one because I wanted something safe and secure with low risk.

Previously I was investing in the BigTech CopyPortfolio but I recently closed it and started investing in the CannabisCare Portfolio. I chose this one because, in my opinion, people are starting to realise that there’s a massive opportunity to legalise cannabis and I see that market growing significantly bigger in the future.

I also recently started investing in the YieldKing Portfolio. This was mostly for dividends. I also like to invest in companies which I believe will grow long term. I like how you can invest in the company and get money back on the way.

  1. What are your investment goals in regards to these CopyPortfolios?

When things are going well, I sometimes think the CopyPortfolios are too safe, but when the market begins to drop — I think they’re great. They really diversify my portfolio. I like how the portfolios are managed for me and I don’t have to do anything.

  1. What do you think differentiates CopyPortfolios from investing elsewhere?

I think the themes of the CopyPortfolios, especially the newer ones, are forward thinking- such as the CannabisCare and the CryptoPortfolio. I also do plan to invest in the CRISPR-Tech Portfolio as I believe in it long term. It’s exciting and revolutionary.

  1. What are your hobbies/interests?

I am definitely a family man. I enjoy spending time with my wife and 2 kids. I also love to eat good food and drink good beer 🙂

65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Past performance is not an indication of future results. This is not investment advice.

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Stellar now available on eToroX exchange

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eToroX announces new cryptoasset and multiple fiat pairs

7 August 2019: eToroX, the blockchain subsidiary of global investment platform eToro, today announces that Stellar (XLM) is now available on the eToroX exchange.

As of today, eToroX is making Stellar a base currency for trading pairs on eToroX. It will be tradeable against other cryptoassets and stablecoins. The pairs include USD (XLM-USDEX) GBP (XLM-GBPX), Japanese Yen (XLM-JPYX), Euro (XLM-EURX), and with Bitcoin (BTC-XLM), and Ethereum (ETH-XLM).

“We want to open up the tokenized world for everyone,” said Doron Rosenblum, Managing Director of eToroX. “eToroX is bringing crypto and tokenized assets to a wider audience and enabling them to trade with confidence on a secure and regulated platform.”

“We believe that blockchain technology has the means to include more people in a new financial world, who might have been previously excluded from it. Stellar shares this ethos, which is why we are excited to be adding it to our exchange and on-chain wallet for people to buy, sell and hold, 24/7.”

Stellar is an open source and decentralized payment network protocol with its own currency (XLM), which connects banks, payment systems and people, aiming to provide global access to low-cost financial services for all.

“It’s exciting that eToro has added Stellar Lumens as a base currency on the eToroX exchange,” said Jed McCaleb, CTO of the Stellar Development Foundation. “We believe…

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Are you an accidental bitcoin tax avoider?

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Are you one of the many millions of people who saw the price of bitcoin start rocketing in 2017? Are you one of the hundreds of thousands who bought in? Are you one of the thousands of buyers who is resident, for tax purposes, in the UK?

If your answer is yes to the last question, you need to take a deep breath and read on.

Cryptocurrency is still in its infancy as far as regulators are concerned, with few rules around what you can do with bitcoin and its peers and what can be done to you with it.

While it’s not the Wild West, you’re advised to use registered and regulated platforms, such as eToro, to trade and invest to ensure the best protection from scams.

But if those who make the legal application around burgeoning financial trends are a bit behind the curve, those seeking to tax it are not.

You might not be aware, but if the size of your pot of bitcoin – or other crypto – has risen considerably since you bought it, you need to be thinking about your potential liabilities to HMRC.

In December, HMRC published a list of ways your bitcoin can make you liable for a range of taxes. The main one for those who bought the rising bitcoin…

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Making the most of your bitcoin (by maxing your tax)

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Crypto enthusiasts will know that just because you didn’t know about the tax liable on cryptocurrency gains doesn’t mean you don’t have to pay it. Ignorance is no defence against the taxman.

But there are ways of reducing the tax you have to pay, and they are all entirely legal.

The main tax a holder of bitcoin is most likely to pay is on any gains made when selling the asset. This is called Capital Gains Tax (CGT). Like any investment, if you don’t do anything to make the value increase, it’s seen as something of a windfall – and the government wants a share of the action.

You are liable for tax on the gains you make selling cryptoassets for cold hard cash, exchanging cryptoassets for a different type (i.e. bitcoin for ripple), using cryptoassets to pay for goods or services or giving them away to someone else.

Importantly, you can give the cryptos to a spouse or civil partner and not be liable for gains… but you are just handing over the liability to them to sort out.

Also, don’t think you can just offload them onto a charity, as HMRC can take a view that you are doing it just to get out of paying what you owe.

However, CGT only kicks in after you’ve made…

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