A difficult couple of weeks in July saw us take our biggest monthly loss of the year at -3.8% however, this was not a prolonged period of loss and provided an excellent opportunity for anyone looking to copy the portfolio or add funds to an existing copy. We have since gone on to make an excellent start to August and will soon recover and surpass our portfolios all time high. Currently at +20.5% ytd. which does put us slightly behind target but nonetheless, a solid performance.
Some timely profit-taking was carried out on Virgin Galactic (SPCE) prior to Richard Branson's flight. We did hold on to some of our shares in the event that the price continued to rise, however the bubble did indeed burst and this played a large part in our dip for July. It should be noted that I am still very bullish in the long-term for this stock and have since rebought following the dip, which is showing a nice return already.
We also took on a position in Under Armour (UA) prior to earnings release and this has already returned a %20 gain.
Our long-term positions on stocks such as Nike (NKE) have shown steady growth and the continued diversification of the portfolio has continued to keep risk reasonably low (5). UK Financial sector continues to climb steadily with our Lloyds Banking Group (LLOY.L) investment touching the 70% return mark.
The continued easing of Covid-19 restrictions has improved market confidence and we have an excellent selection of stocks that will benefit from the recovery including Rolls-Royce (RR.L), Tui AG (TUI.L) and Airbnb (ABNB).
Concerns over inflation still weigh heavily on the markets and once again our well diversified portfolio will see us through.
Important Copier Update:
It is my intention to add funds to my portfolio in the next 2 weeks. This will likely be in the region of 5-10% of current equity and I will notify you all prior in the event that you wish to maintain parity.
As an additional note for those not already familiar with my method, I tend to use the majority of available equity on eToro most of the time. This is to maximise returns for you and I both, however, it should be noted that I do always hold between 10-20% cash elsewhere on top of this which I can add at any time should the need/opportunity arise. I will always notify copiers before I add funds.
As mentioned earlier, I believe it is still a good moment to copy and I suggest a minimum copy of $500 to ensure all trades are copied. Copying all open trades is suggested.
As this is a medium to long-term portfolio I suggest aiming to copy for at least 6-12 months and dollar cost averaging into the copy should you wish. For more information on my trading strategy and method see the about section on the website here or check out my eToro profile page.
If you have any questions please feel free to message me on eToro.
As always,
Elevate Your Goals, Elevate Your Happiness
Happy trading,
David