September 2024 eToro Portfolio Update (PassionForProfit)
- 2 October 2024
- Posted by: Federica Montella
- Categories: eToro CopyTrader, Investing
Hello copiers, followers and etorians!
This is the monthly update on my investment portfolio:
- September 2024: +5.26%
- YTD: +24.81%
- 2023: +11.34%
- Last 12 months: +50.90%
- Risk score: 6 (medium)
- Currently, 19 people are copying my trades
In September, my portfolio closed the month with a positive performance, at +5.26%.
It outperformed the main US big indexes such as the S&P 500 and the Nasdaq 100, which went up +2.02% and +2.68% respectively.
September has been a positive month for the US stock market, despite the weak expectations.
The stock rally has been driven by the first interest rate cut by the Federal Reserve.
The crypto market has also been positive during September.
Asset Allocation and Strategy Update
The current asset allocation of my portfolio is:
- 27% Stocks
- 29% ETFs
- 13% Crypto
- 31% Cash
In September, I closed some profit positions, particularly Microstrategy ($MSTR), Coinbase ($COIN) and Semiconductors ETF ($SOXL).
By doing so, I decreased my exposure to some of the high-risk assets and rebalanced the risk to level 6.
I increased my allocation to Small Cap ETF ($TNA), as I am expecting them to perform well during the rate cut period.
In my opinion, the next 3 months are going to be positive for my portfolio.
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.
