August 2023 eToro Portfolio Update – PassionForProfit

  • 2 September 2023
  • Posted by: Federica Montella
  • Categories: eToro CopyTrader, Investing
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Hello and welcome to the August 2023 eToro Portfolio Update.

PI Statistics

I am a Cadet Popular Investor.
My eToro username is PassionForProfit.
The risk score of my portfolio is 3, which is very low.
Currently, 14 people are copying my trades.

Portfolio’s Performance

August has been a negative month for the US stock market.
All three US major indexes closed the month with a loss of around 2% each.
Because of this, my portfolio in August has gone down by 1.89%.
August is historically a weak month for investments due to the lower trading volume during the summer holidays.

Market Forecast

The latest US inflation data has shown a small increase compared to July’s number and this could be the reason why the Federal Reserve may hike the interest rate once again at the next meeting on 20 September.
Closely watched is also the job market that remains strong in the US based on recent data.
Investors, however, are expecting a no-interest rate increase by the FED this month.
The stock market will be highly influenced by the next Federal Reserve monetary policy action that could lead to a stock rally or a drop.

Asset Allocation

The current asset allocation of my portfolio is:

  • 25% Stocks
  • 50% ETFs
  • 25% Cash

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 2,000 USD

If you have less than 2,000 USD, you can start with a lower amount now and add more later.
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.

Goals

My 2023 goals are:

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

Get in touch

I would like to take this occasion to thank all my copiers for your trust.
Thank you for watching this video.
Please subscribe to my channel and press the like button.
If you have any questions or feedback get in touch via email or social media.
See you in the next video. Bye.

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.

Partners: Osom One, Vincenzo Stefanini, Federica Montella, Crypto Breaking, Visit Tenerife, White Shop, Soccavo Magazine, Leggo Fuorigrotta, Night Awards, Capodanno Napoli, Come To Dubai