October 2024 eToro Portfolio Update (PassionForProfit)
- 1 November 2024
- Posted by: Federica Montella
- Categories: eToro CopyTrader, Investing
Hello copiers, followers and etorians!
This is the monthly update on my investment portfolio:
- October 2024: +5.41%
- YTD: +31.57%
- Last 12 months: +61.05%
- 2023: +11.34%
- Risk score: 6 (medium)
- Currently, 19 people are copying my trades
In October, my portfolio closed the month with a positive performance, at +5.41%.
It outperformed the main US big indexes such as the S&P 500 and the Nasdaq 100 which closed in red, in fact, they went down -0.99% and -0.52% respectively.
October has been a volatile month for the US stock market, due to the earnings season and some disappointments from the reports of the Magnificent 7 regarding the huge investments in AI and their future benefits.
There is still uncertainty about which candidate will win the US general elections, Trump or Harris, and the financial markets are acting with volatile movements.
Inflation in the US has cooled down however the main data, at the moment, is the job report which will come out today. We will have a light on the possible next move on the interest rates by the Federal Reserve.
The crypto market has been positive during October, especially for Bitcoin which went up near the all-time high.
Asset Allocation and Strategy Update
The current asset allocation of my portfolio is:
- 31% Stocks
- 27% ETFs
- 12% Crypto
- 30% Cash
In October, I closed a profit trade on $RIOT.
The risk score has remained at level 6 for the whole month.
The cash in balance is necessary to keep the risk score at a medium level, but I will use it when it is necessary to buy assets at low prices.
November, in my opinion, is going to be a positive month. History is by our side, in fact, over the past 12 years the S&P 500 has registered strong performances in November, on average, especially in election years like this one.
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
Get started now
If you want to join, create a new account on eToro via this link and visit my eToro profile.
