June 2023 eToro Portfolio Update – PassionForProfit

  • 3 July 2023
  • Posted by: Federica Montella
  • Categories: eToro CopyTrader, Investing
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Intro

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

Macro stats

The risk score of my portfolio is 3, which is very low.
Currently, 12 people are copying my portfolio.
I am a Cadet Popular Investor.

Annual performances

My portfolio in June has gone down by 1.54%.

Monthly Update

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

The tech-heavy Nasdaq Composite Index has gone up by 6.49%, the S&P 500 Index has gained 6.47% and the Dow Jones closed the month with a positive performance of +4.54%.

The technology sector has driven the positive movement, especially the big tech companies such as Microsoft, Apple, Amazon, Google and NVIDIA that have been largely bought by traders because of their investments in Artificial Intelligence.

Forecast

The events that will impact the US stock markets this week, after the Indipence Day’s celebrations closures, are the following:

  • the latest FOMC minutes, when the Federal Reserve paused its rate hikes after 10 consecutive increases. During his last appearance Jerome Powell, Fed’s Chairman said that inflation must return to its 2% target so it is likely another rate increase.
  • the non-farm payrolls report for the month of  June, which will be released next Friday, is a crucial indicator to understand the level of occupation and consequentially the consumer spending and inflation level. 

At this time investors are extremely bullish however since the market is testing new highs it is important to start getting cautious.

Asset Allocation

The current asset allocation of my portfolio is:

  • 29% Stocks
  • 40% ETFs
  • 31% Cash

Strategy Update

Last month I closed in profit one short position and I have opened a few new long positions, which are already in profit.
I have mainly long positions in stocks open in my portfolio, but the short positions still open are reducing the profits at the moment, however, I will change asset allocation shortly and rebalance the 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 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.

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