June 2024 eToro Portfolio Update (PassionForProfit)
- 1 July 2024
- Posted by: Federica Montella
- Categories: eToro CopyTrader, Investing
Hello, copiers, followers and etorians!
This is the monthly update on my investment portfolio:
- June  2024: +6.18%
- YTD: +26.82%
- 2023: +11.34%
- Last 12 months: +48.78%
- The risk score is 6
- Currently, 15Â people are copying my trades
In June, my portfolio closed the month with another positive performance.
It outperformed the main US big indexes such as the S&P 500 and the Nasdaq 100 which went up by 3.47% and 5.91% respectively.
June has been a bullish month with both the S&P 500 and Nasdaq 100 going out at their highest quarterly close in history, for the 3rd consecutive quarter.
Last month was a peculiar month, characterized by extremely low participation in the rally, with stocks rising solely thanks to the Magnificent 7, while the small caps are left behind.
So, these gains were driven by the technology sector and the stock rally has been fueled by the blue chip companies and their investments in AI.
Investors and I are bullish, and history is by our side because a strong first half of the year tends to bring above-average returns in the second half.
Markets are going to be volatile this week because on Wednesday will be released the meeting minutes of the US Central Bank’s latest meeting and on Friday will be released the US job report.
We are closely watching these data as they can give us some clarity on when the Federal Reserve will start cutting the interest rate this year.
Asset Allocation and Strategy Update
The current asset allocation of my portfolio is:
- 42% Stocks
- 22% ETFs
- 10% Crypto
- 26% Cash
In June, I closed some positions in profit and I have set new buy orders.
I have added more exposure to crypto in my portfolio, so, in addition to my existing positions in Bitcoin and Ethereum I bought Solana which I believe has a huge potential to go up in the upcoming months.
I will continue to monitor the financial markets daily and implement my strategies for the long term.
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
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://www.federicamontella.com/go/etoro/
2. Go to my eToro profile: https://www.federicamontella.com/go/etoro-passionforprofit/
3. Click on COPY
