May 2023 eToro Portfolio Update – PassionForProfit

  • 2 June 2023
  • Posted by: Federica Montella
  • Categories: eToro CopyTrader, Investing
No Comments

Intro

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

Macro stats

The risk score of my portfolio is 3, which is very low.
Currently, 13 people are copying my portfolio.
I am a Cadet Popular Investor.

Annual performances

My portfolio in May has gone down by 1.74%.

Monthly Update

May has been overall a positive month for the US stock market.

The S&P 500 Index has gained 3.18% and the tech-heavy Nasdaq Composite Index has gone up by almost 9% last month.

The Dow Jones has been the exception because it closed the month with a negative performance of -1.06%.

The positive movement has been driven by the technology sector and better-than-expected earnings reports of big tech companies such as Microsoft, Apple, and NVIDIA.

At this time, the investors are greedy and willing to continue to buy stocks and indices.

Forecast

On June 14, the Federal Reserve will meet to decide the next monetary policy move.

The inflation is slowing down but the job market remains very strong and the stock market is going up, this is the actual economic situation in the US and it is not easy for the Federal Reserve to decide if to increase the interest rate or to pause for the time being.

Investors are betting on no rate hike in June however the final decision will be influenced by the next economic data that are due to be published in the next two weeks.

There is still fear and uncertainty, so it is better to be cautious and not try to chase performance as the prices are quite high.

Asset Allocation

The current asset allocation of my portfolio is:

  • 20% Stocks
  • 35% ETFs
  • 45% Cash

Strategy Update

Last month I closed in profit some positions.
I have mainly long positions in stocks open in my 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

Sign up to receive my latest articles in your inbox

I agree that my data is used according to the privacy policy



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