I invest in value stocks with a modern approach. My strategy combines analysis of stock fundamentals with macro and technical analysis. Triangulating three angles of analysis gives my strategy its name, Triangula Capital. I began my career working for consulting firms and banks, but I was always more interested in investing. I started investing in 2004 and, after my portfolio had performed well for a number of years, became a full-time investor in 2011. I joined eToro in 2020. Because of the results since, more than 10,000 people copy me today with $30 million. I view this as only the beginning of a much longer journey. I believe investing in the stock market is for everyone. Over the past century, stocks returned 5% a year after taking inflation into account. A 5% annual return compounded over 100 years leads to $10,000 turning into $1.3 million. It is possible to become rich in the stock market by staying invested for long enough. During my time on eToro, the value of my portfolio has grown ~150%. The returns increase as the time horizon lengthens. For the past 10 years, the growth was ~500%. For the full 20 years since 2004, the growth was ~10,000% - a 100x return. Because of these numbers, investing changed my life. There is nothing else I'd rather do. 𝗠𝘆 𝘀𝘁𝗿𝗮𝘁𝗲𝗴𝘆 I invest in value stocks. Value stocks are the boring stocks of the stock market. Banks, oil, telecoms - the old economy. There are few sexy companies in my portfolio. I like that approach because I believe that if something is boring, it may well be cheap. And it is by buying bargains that one makes money in the long run. I leave technology stocks, cryptos, and other expensive assets to others. My approach is not a pure value approach as it is traditionally conceived, however. I apply macroeconomic analysis to position my portfolio into sectors that benefit from current macro trends. For example, if interest rates are increasing, I will buy more banks than usual, because banks benefit especially from higher interest rates. There is also a technical analysis element to my strategy. Say a major bank collapses, and bank shares breach key technical support levels. I may well then dump my bank holdings if I think that by doing so I can get ahead of the panicking herd. I may later buy the banks back into the portfolio if the situation has stabilised and bank shares remain at depressed levels. 𝗪𝗵𝘆 𝘃𝗮𝗹𝘂𝗲 𝘀𝘁𝗼𝗰𝗸𝘀 𝗻𝗼𝘄? Although my strategy outperformed the market in the 2010s, I believe the 2020s offer an even better opportunity to invest in value stocks because: #𝟭. 𝗩𝗮𝗹𝘂𝗲 𝘀𝘁𝗼𝗰𝗸𝘀 𝗮𝗿𝗲 𝗰𝗵𝗲𝗮𝗽. Growth stocks outperformed value stocks massively over the last decade. A reversal seems to have begun in late 2020. Yet from a longer-term perspective, value stocks remain a bargain. https://www.aqr.com/Insights/Perspectives/The-Bubble-Has-Not-Popped https://www.researchaffiliates.com/publications/articles/964-that-was-then-this-is-now #𝟮. 𝗩𝗮𝗹𝘂𝗲 𝘀𝘁𝗼𝗰𝗸𝘀 𝘁𝗲𝗻𝗱 𝘁𝗼 𝗱𝗼 𝘄𝗲𝗹𝗹 𝗶𝗻 𝗶𝗻𝗳𝗹𝗮𝘁𝗶𝗼𝗻𝗮𝗿𝘆 𝘁𝗶𝗺𝗲𝘀. I believe inflation could average 3-4% in the 2020s. Value stocks have historically done well in high-inflation environments. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3882899 #𝟯. 𝗩𝗮𝗹𝘂𝗲 𝘀𝘁𝗼𝗰𝗸𝘀 𝗯𝗲𝗻𝗲𝗳𝗶𝘁 𝗳𝗿𝗼𝗺 𝗵𝗶𝗴𝗵𝗲𝗿 𝗶𝗻𝘁𝗲𝗿𝗲𝘀𝘁 𝗿𝗮𝘁𝗲𝘀. Banks and oil companies - both of which often feature in my portfolio - benefit from higher interest rates. I believe interest rates, like inflation, could average 3-4% this decade. I think it is unlikely that interest rates would return to 0%. https://www.morganstanley.com/im/en-us/individual-investor/insights/articles/growth-vs-value-interest-rates-as-a-driver-of-style-relative-performance.html Overall, I believe value stocks are a uniquely compelling investment proposition for this decade. While stocks in general may not go anywhere in the next 5-10 years, value stocks could be one of the few places in the market where 10%+ annual returns may still be obtained. ----- For more information, please see: A feature about me on eToro - "Meet Popular Investor Pietari Laurila" https://www.etoro.com/news-and-analysis/copytrader/meet-popular-investor-pietari-laurila/ My website http://triangulacapital.com 𝑪𝒐𝒑𝒚 𝑻𝒓𝒂𝒅𝒊𝒏𝒈 𝒅𝒐𝒆𝒔 𝒏𝒐𝒕 𝒂𝒎𝒐𝒖𝒏𝒕 𝒕𝒐 𝒊𝒏𝒗𝒆𝒔𝒕𝒎𝒆𝒏𝒕 𝒂𝒅𝒗𝒊𝒄𝒆. 𝑻𝒉𝒆 𝒗𝒂𝒍𝒖𝒆 𝒐𝒇 𝒚𝒐𝒖𝒓 𝒊𝒏𝒗𝒆𝒔𝒕𝒎𝒆𝒏𝒕𝒔 𝒎𝒂𝒚 𝒈𝒐 𝒖𝒑 𝒐𝒓 𝒅𝒐𝒘𝒏 𝒂𝒏𝒅 𝒚𝒐𝒖 𝒎𝒂𝒚 𝒍𝒐𝒔𝒆 𝒕𝒉𝒆 𝒆𝒏𝒕𝒊𝒓𝒆 𝒊𝒏𝒗𝒆𝒔𝒕𝒎𝒆𝒏𝒕. 𝒀𝒐𝒖𝒓 𝒄𝒂𝒑𝒊𝒕𝒂𝒍 𝒊𝒔 𝒂𝒕 𝒓𝒊𝒔𝒌. 𝑷𝒂𝒔𝒕 𝒑𝒆𝒓𝒇𝒐𝒓𝒎𝒂𝒏𝒄𝒆 𝒊𝒔 𝒏𝒐𝒕 𝒂𝒏 𝒊𝒏𝒅𝒊𝒄𝒂𝒕𝒊𝒐𝒏 𝒐𝒇 𝒇𝒖𝒕𝒖𝒓𝒆 𝒓𝒆𝒔𝒖𝒍𝒕𝒔.