July 2022 eToro Portfolio Update
- 1 August 2022
- Posted by: Federica Montella
- Categories: eToro CopyTrader, Investing
Hello and welcome to July 2022 eToro Portfolio Update.
My eToro username is PassionForProfit.
My portfolio in July has gone up by 0.58%.
Currently, 13 people are copying my portfolio.
I am a Cadet Popular Investor.
The month of July closed in positive with a profit of 0.58%.
So far, this year, my portfolio is still negative, I’m expecting to close this year in profit.
Last year I made a 7% profit.
July was the best month, so far this year, for the S&P 500 Index and also for my portfolio.
Since the beginning of 2022, the investor’s sentiment has been very bearish, stocks dropped significantly and they reached oversold conditions.
Those were the perfect conditions for a relief rally, which is what happened in July.
Tech stocks specifically performed well in July.
August is usually a very weak month due to holidays and low trading volume.
Also, since stocks performed well in July, we can expect a pullback in August.
However, the main drivers of the market are inflation data and the FED policy decisions.
Investors are expecting that the Federal Reserve will slow down the rate hikes at the next meeting in September, which is also why the market rallied last month.
The current asset allocation of my portfolio is:
42% Stocks
51% ETFs
7% Cash
Based on my forecast and analysis, I continue to make some small changes to the portfolio.
I am gradually closing some positions in profit, so I am reducing the exposure to equities.
I also closed some negative positions, in order to reduce the portfolio risk.
These are my recommendations for copiers and anyone who wants to invest in my portfolio:
– Be patient and remain calm
– Keep the copy open for long term
– Invest at least 1000 USD
If you have less than 1000 USD, you can start with a lower amount now and add more later.
My 2022 goals are:
– To close the year in profit
– Keeping the risk score to 5
– To become a Champion Popular Investor.
In Summary, July has been a positive month, in August I expect low volatility in the market but I am monitoring the asset prices on a daily basis.
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See you in the next video. Bye.
Federica Montella
Popular Investor presso eToro
PassionForProfit
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