Jay Smith @jaynemesis: "𝗢𝗰𝘁𝗼𝗯𝗲𝗿 𝗣𝗼𝗿𝘁𝗳𝗼𝗹𝗶𝗼 𝗨𝗽𝗱𝗮𝘁𝗲 October has been..."

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𝗢𝗰𝘁𝗼𝗯𝗲𝗿 𝗣𝗼𝗿𝘁𝗳𝗼𝗹𝗶𝗼 𝗨𝗽𝗱𝗮𝘁𝗲 October has been a busy month which culminated in attending the eToro Popular Investor Summit in Cyprus a few days ago. You can check out my post about that event here: tinyurl.com/2burect7 Here’s the first of what will be more frequent monthly updates. 𝙆𝙚𝙮 𝙈𝙚𝙩𝙧𝙞𝙘𝙨 October Portfolio Performance: +3.93% October S&P 500 Performance: +2.44% October Nasdaq 100 Performance: +4.89% Number of Trades: 27 Assets Under Copy: $46M Copiers: 9981 Copier Profitability: 95% Full BullAware Factsheet: bullaware.com/etoro/jaynemesis 𝙋𝙤𝙨𝙞𝙩𝙞𝙤𝙣 𝘾𝙝𝙖𝙣𝙜𝙚𝙨 • I closed my small Duo Lingo position before their earnings, which proved to be a good decision as the stock fell more than 30% lower since closing. • I closed another small position in Monday which has also had poor performance over the past year, and fell 10% further since I closed it. • I also closed most of my Salesforce position, and will be closing the remainder this week due to poor performance. • I trimmed my Eaton BYD and Rockwool positions slightly, and will be cycling my Rockwool positions soon due to the recent drop. I still like the company at this valuation. • I cycled a few legacy trades to avoid desync risks in Next Era Energy and Microsoft • I added slightly to my relatively new First Solar position and added a new TAN ETF position as my confidence of a solar rebound grows. • Finally, I added eToro to my portfolio. I was assured by Yoni at the PI summit that I could discuss the company provided I give clear disclaimers about my affiliation with them, so I’ll maybe write a post about it soon. Just to cover myself here though: 𝑀𝑦 𝑜𝑝𝑖𝑛𝑖𝑜𝑛𝑠 𝑜𝑛 𝑒𝑇𝑜𝑟𝑜 𝑎𝑟𝑒 𝑒𝑛𝑡𝑖𝑟𝑒𝑙𝑦 𝑚𝑦 𝑜𝑤𝑛, 𝑎𝑛𝑑 𝑑𝑜𝑛’𝑡 𝑟𝑒𝑝𝑟𝑒𝑠𝑒𝑛𝑡 𝑡ℎ𝑒 𝑣𝑖𝑒𝑤𝑠 𝑜𝑟 𝑜𝑝𝑖𝑛𝑖𝑜𝑛𝑠 𝑜𝑓 𝑒𝑇𝑜𝑟𝑜 𝑎𝑠 𝑎 𝑐𝑜𝑚𝑝𝑎𝑛𝑦. 𝐼 𝑎𝑚 𝑎 𝑃𝑜𝑝𝑢𝑙𝑎𝑟 𝐼𝑛𝑣𝑒𝑠𝑡𝑜𝑟 𝑜𝑛 𝑒𝑇𝑜𝑟𝑜 𝑎𝑛𝑑 𝑟𝑒𝑐𝑒𝑖𝑣𝑒 𝑐𝑜𝑚𝑝𝑒𝑛𝑠𝑎𝑡𝑖𝑜𝑛 𝑓𝑟𝑜𝑚 𝑡ℎ𝑒𝑚 𝑓𝑜𝑟 𝑢𝑛𝑑𝑒𝑟𝑡𝑎𝑘𝑖𝑛𝑔 𝑡ℎ𝑎𝑡 𝑟𝑒𝑠𝑝𝑜𝑛𝑠𝑖𝑏𝑖𝑙𝑖𝑡𝑦. (I’ll probably need to write a better one when I talk about them more). 𝙈𝙖𝙧𝙠𝙚𝙩𝙨 & 𝙉𝙚𝙬𝙨 I conducted a lot of clean-up trades this month. Closing out positions that had become too small to be copied by many copiers and re-opened with larger position sizes. This unfortunately means we lose a little money to spread fees, but it’s necessary sometimes to ensure the portfolio stays synchronized well with new and existing copiers. The impact of the fees is negligible overall. Markets were generally quite bullish for the month despite the US government shutdown. Not much has happened politically besides the Gaza ceasefire at the start of the month and the back and forth on China tariffs, but as the phrase goes “no news is good news”. 𝑨𝑰 𝑳𝒆𝒅 𝑮𝒓𝒐𝒘𝒕𝒉 Despite growing concerns of an AI bubble, stocks in the sector performed well overall, led by AMD who were the best performer in the S&P500, up 59% after announcing a deal with OpenAI. Ubiquiti was up 19% after the FCC made regulations for various wireless equipment stricter, benefitting them and harming some competitors. Crowdstrike continued it’s gradual share price ascent to a new all-time high, up 11% in October and over 169% since the low following the global blackout in 2024. 𝑺𝒐𝒍𝒂𝒓 𝑪𝒐𝒎𝒆𝒃𝒂𝒄𝒌? The Solar industry looks to have finally hit the floor of it’s steady decline through the past 3 years and has shown signs of growth for a few months now. First Solar - the company I selected for exposure to the rebound was among the top 10 best performers of the S&P500, up 20%. I plan on writing a longer post about the solar industry again soon. 𝑪𝒐𝒏𝒔𝒖𝒎𝒆𝒓 𝑾𝒆𝒂𝒌𝒏𝒆𝒔𝒔? I have some growing concerns over the strength of the US consumer, many consumer discretionary companies have slowed down a bit recently, we don’t have clear numbers for US jobs data any more, and it seems tariffs have started seeping through contributing to inflation. This could be a contributing factor to Spotify and Garmin, both of whom have seen weaker margins and paired growth outlook in recent months. The talk of a $2000 US stimulus dividend may help in the short-term, but I’m watching the situation cautiously. 𝑯𝒊𝒎𝒔 & 𝑯𝒆𝒓𝒔 𝑽𝒐𝒍𝒂𝒕𝒊𝒍𝒊𝒕𝒚 Finally I wanted to address Hims & Hers, this company was leading the markets with growth earlier this year, but their big hit product in weight loss treatment faced some challenges. The company was down 18% in October, but I still really like the business direction, so will hold through these challenges. 𝘾𝙡𝙤𝙨𝙞𝙣𝙜 𝘾𝙤𝙢𝙢𝙚𝙣𝙩𝙨 Let me know what you like/dislike about the format and I’ll take onboard your feedback. As usual, thanks for reading, following, and copying. Don’t forget to give it a like and comment if you found this useful. $AMD (Advanced Micro Devices Inc) $UI (Ubiquiti Inc) $TAN (Invesco Solar ETF) $ETOR (eToro Group LTD) $HIMS (Hims & Hers Health Inc)