February 2024 eToro Portfolio Update (PassionForProfit)

  • 1 March 2024
  • Posted by: Federica Montella
  • Categories: eToro CopyTrader, Investing
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Hello, copiers, followers and etorians!

This is the monthly update on my investment portfolio:

  • February 2024: +12.65%
  • YTD: +12.60%
  • 2023: +11.34%
  • The risk score is 5
  • Currently, 12 people are copying my trades.

In February, my portfolio outperformed the benchmarks such as the S&P 500 and the Nasdaq 100, which have gone up by 5.10% and 6.12% respectively.

The fantastic performance has been driven by 3 main factors:

  • The amazing performance of the US tech stocks has been powered by the interest in generative AI.
  • The Bitcoin rally and the consequence surge of the related stocks that I have recently added to my portfolio, such as Microstrategy, Mara, Coinbase and Riot.
  • Inflation in the US is slowing down: the latest PCE data released yesterday showed a continued fall in year-over-year inflation at 2.3% in January. That’s four consecutive months under 3%, and approaching the Fed’s target of 2%, so there are high chances of multiple interest rate cuts this year.

I will continue to monitor the financial markets daily and implement my strategies for the long term.

Asset Allocation

The current asset allocation of my portfolio is:

  • 28% Stocks
  • 19% ETFs
  • 53% Cash

The above asset allocation is temporary as I have taken profit by closing positions during this month’s rally.

The cash in balance will be used to open new trades, as I am expecting a bullish year.

I am allocating my portfolio to ETFs, tech stocks and also crypto related stocks.

Recommendations

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

  • Invest more than 2,000 USD
  • Keep the copy open for long-term

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

Now is still 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 2024 goals are:

  • Outperform the S&P 500
  • Keeping the risk score to medium
  • To become a Champion Popular Investor

I want to take this occasion to thank all my copiers for your trust and invite you to consider investing in my portfolio (if you have not done so yet).

Bye.

Federica Montella

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