An ambitious goal of 60% in annual profit: Meet Popular Investor JoeyDiekstra

It is important to set goals and follow a specific strategy when trading online. Popular Investor Joey (@JoeyDiekstra) from the Netherlands considers himself a long-term, macro trader and has set an ambitious goal of 60% in profits this year with his crypto- and commodity-based portfolio. We asked him a few questions about his trading strategy and personal life.

Past performance is not an indication of future results.This is not investment advice. CFD trading. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Tell us a little about yourself. What do you do for a living? For fun? Family?

I’m Joey. I was born and raised in the Netherlands by an entrepreneurial family. My father founded a company called Hamilton Bright, which was acquired a few years ago by one of the largest companies in the world in the marketing sector. My father is an inspiration to me and I hope to be able to work with him for as long as possible. I’m a self-motivated, entrepreneur, and ambitious person with a passion for building things. I’m passionate about money, investing and new technologies. I currently live in Rotterdam, Netherlands, where I am getting a Master’s Degree in Business Information Management at Erasmus University. I graduated from the University of Groningen with a Bachelor’s Degree in Business Administration with a minor in Finance. I also hold a certificate from Saïd Business School (part of Oxford University) where I did a Fintech Program. Besides studying, I’m a Real Estate Manager for a private business. I’m passionate about sports being both a soccer and UFC fan. Besides sports, I read a lot of books and also love to travel.

Where do you do your research on the instruments in which you invest?

The main instruments in which I invest on eToro are crypto, commodities, stocks (both dividend yielding and growth stocks), and ETFs. When it comes to crypto, there is a lot of speculation involved for most people. I try to look at the fundamentals first, before thinking about investing in a certain asset. However, I also watch market cycles. So, on eToro, I bought my first crypto during the first quarter of 2019 which turned out to be a good call. For commodities like silver and gold, I look at their history. One source I like when it comes to Gold, Silver, and related mining stocks, is Kitco news on YouTube. I’d recommend that one for sure. When it comes to stocks, I look for both consistent dividend yielding stocks and growth stocks with a lot of upside potential. For the former, I mainly watch financial statements and look for consistent profits and growth. For the latter, I see investing in these assets more like small ‘bets’ as there is, most of the time, a lot of growth being priced within the stock price. I use a wide range of sources for this, from YahooFinance to SeekingAlpha.

Did you have previous experience with financial investments before joining eToro?

Yes, I’ve been learning about Bitcoin since 2014 and have also invested money over time, so outside eToro, I hold crypto assets. Besides that, I’m invested in alternative investments such as rare Scotch Single Malt Whisky which has yielded an average return of 16% over the last 10 years.

Do you have any specific profit goals for this year? How do you plan to achieve them?

I do have quite an aggressive profit goal of about 60% for the year 2019. This goal is mostly based on my expectations with respect to cryptoassets and Gold and Silver. I believe both of these asset classes could make some big moves upward this year. Hence, the right allocation could yield such a return, while maintaining a relatively low risk level (i.e., 4).

How has eToro changed the way you trade?

Since I became a Popular Investor on eToro, the way I trade has changed quite a lot. As I have other people follow me, I’ve become more aware of the potential risks that are involved with certain investments, and do much more due diligence than I used to.

What is your type of trading strategy and what is it focused on?

I’m a macro trader and my main focus is on long-term growth. This basically means that I don’t care too much about daily price movements, but rather, care about the larger cycles. I can give an example of this by sharing my views on the SPX500. The SPX500, from its bottom around 2011 until its peak this year, has gained roughly 350%, the longest bull run in history. This could very well continue for a few months or maybe even a few years, but the risk/reward level has changed a lot. In other words, yes, I think the index could set new highs in the near future, but I also see a strong possibility of a correction, based on things like QE, the US-China trade war, slowing economic growth, inverted yield curves and so on.

What are the benefits of being a Popular Investor?

Being a Popular Investor is great! The more requirements you meet, the more benefits you get. Besides getting paid, you can create a community, and that’s something I really value. In order to remain relevant as a Popular Investor over time, you need substance. Without decent results, it doesn’t mean anything. I’m here for the long term and hope to be able to help a lot of other people to meet their profit targets while sharing interesting messages on the platform on a daily basis.

Why do you think should eToro clients copy you?

I believe many investors trade based on daily price movements and don’t see the bigger picture. As a macro trader, I invest based on the bigger picture, as I believe in learning and doing research to try to uncover underlying trends (this doesn’t mean that I don’t allocate funds on a daily basis). By investing with the bigger picture in mind, I’m comfortable to say that I’d be able to yield above-average returns and, therefore, I would love to have other eToro clients take me into account as a copied trader as this would be a win-win.

Past performance is not an indication of future results.This is not investment advice. CFD trading. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.