Roberto Chamorro gilaberte @robchamow: "💼 Copiers and investors on..."

Spain

💼 Copiers and investors on eToro, First of all, we are up +263% cumulatively since 2020, which represents roughly +25% annualized returns. Since the end of March, the portfolio has risen +17%. Many of the companies we bought during the market correction, such as NVIDIA, Amazon, and Netflix, proved us right with gains of 20% and 30%. Currently, the portfolio trades at around 22x forward earnings, in line with the market. The difference is that we own a much more concentrated portfolio made up of some of the best businesses in the world, with roughly double the operating margins, ROIC, and reinvestment rates of the S&P 500. Among our top positions are Microsoft, Meta, Visa, Mastercard, and Uber. All of them are leaders in their respective megatrends: digital advertising, artificial intelligence, mobility, delivery, and payments. Companies that are currently facing narrative concerns, while their fundamentals continue to hit record highs in revenue and profits. One particularly interesting case for me right now is Uber. It may be the company I like the most at the moment. It is the leader in mobility, continues expanding Uber One, is growing rapidly in advertising, and is also strengthening its delivery business. All of this while trading at around 14x forward free cash flow, which I believe is very cheap for the quality of the business. Over time, the market will recognize it. I share all my thoughts, investment theses, and market analysis in my blog, where I explain my positioning and long-term vision in much greater depth. 📝Mi blog open.substack.com/pub/robertochamorrogilaberte The portfolio is currently in a very strong position, with outstanding businesses trading at valuations that historically have rarely stayed this attractive for long, and now many of them are happening at the same time. The same applies to the luxury sector: Hermès, Ferrari, Moncler, and LVMH are all trading below their historical valuation averages. From this point, looking one to three years ahead, I genuinely find it difficult to believe we will not outperform the indices. What is required now is patience and discipline. I continue to be the Popular Investor with the strongest medium-term performance on eToro since becoming a Popular Investor, while maintaining exactly the same investment philosophy and strategy throughout. Thank you all for the trust. In my opinion, this is a very good moment to add copies or increase capital. Roberto Chamorro Gilaberte $NSDQ100 $SPX500 $BTC $ESP35 $BABA (Alibaba-ADR)

Not investment advice. The author may have financial interests in the mentioned instruments.