April 2023 eToro Portfolio Update – PassionForProfit

Intro

Hello and welcome to the April 2023 eToro Portfolio Update.
My eToro username is PassionForProfit.

Macro stats

The risk score of my portfolio is 3, which is very low.
Currently, 13 people are copying my portfolio.
I am a Cadet Popular Investor.

Annual performances

My portfolio in April has gone down by 0.68%.

Monthly Update

April has been a positive month for the US stock market.

All three big US indexes register profits last month.

The positive movement has been driven by better-than-expected earnings reports of big-tech companies such as Meta, Google, Amazon and Apple.

The financial sector, however, is still suffering. First Republic Bank’s stocks dropped 50% last week.

The banking crisis that started in March has not ended yet.

Forecast

The Federal Reserve meeting is scheduled in two days on 3 May 2023.

On Wednesday, Jerome Powell will announce the next monetary policy action to combat the inflation in US.

The vast majority of the investors are expecting an interest rate hike of 25 basis points.

It’s a crucial event that will heavily impact the stock market.

Asset Allocation

The current asset allocation of my portfolio is:

  • 22% Stocks
  • 37% ETFs
  • 41% Cash

Strategy Update

Last month I closed in profit some positions.
I have mainly long positions in stocks open in my portfolio.
I have some cash in my balance, which I will use to open new positions at the right time.
The risk score of my portfolio remains at level 3.

Recommendations

These are my recommendations for copiers and anyone who wants to invest in my portfolio:

1. Be patient and remain calm
2. Keep the copy open for long term
3. Invest more than 1000 USD
If you have less than 1000 USD, you can start with a lower amount now and add more later.
If you can, keep adding funds to the copy every month.

Goals

My 2023 goals are:

  • To close this year in profit
  • Keeping the risk score low
  • To become a Champion Popular Investor

Summary

In Summary, last month my portfolio closed slightly negative
The portfolio risk score is low and remains at level 3.
I am expecting 2023 to be a positive year for my portfolio.
Now is a good time to start investing in my portfolio if you are new, or you can add more funds to your copy if you are already a copier.

Get in touch

I would like to take this occasion to thank all my copiers for your trust.
If you have any questions or feedback get in touch via email or social media.

Federica Montella
eToro Popular Investor
PassionForProfit

How to copy my portfolio

If you want to invest in my portfolio, please follow these steps:

1. Create a new account on eToro, via the following link https://federicamontella.com/go/etoro/
2. Go to my eToro profile: https://federicamontella.com/go/etoro-passionforprofit/
3. Click on COPY

eToro Disclaimer

eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. {etoroCFDrisk}% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

This communication is intended for information and educational purposes only and should not be considered investment advice or investment recommendation. Past performance is not an indication of future results.

Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.

Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.

Crypto Investing Risk Warning

Crypto assets are highly volatile. Your capital is at risk.
Don’t invest unless you’re prepared to lose all the money you invest.
This is a high-risk investment, and you should not expect to be protected if something goes wrong.

Read the full disclaimer

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Author: Federica Montella
eToro Popular Investor, food lover and blogger. Stock trader and Popular Investor at eToro. I am on a mission to find the best restaurants and food to eat.