Wealthbystrategy @Wealthbystrategy: "August 2024 - Monthly newsletter 💹..."

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August 2024 - Monthly newsletter 💹 Market Recap The market in August was marked by both volatility and resilience. Early in the month, global recession fears and an unexpected interest rate hike from the Bank of Japan led to a sharp downturn in the S&P 500, the worst single-day drop since September 2022. However, the markets quickly recovered, driven by better-than-expected jobless claims data. By mid-month, sentiment improved significantly as Federal Reserve Chair Jerome Powell hinted at potential interest rate cuts, suggesting growing confidence that inflation could soon return to target levels. This optimism spurred a rally, particularly in tech stocks, as investors anticipated a more favorable environment for growth. Despite these gains, caution remained due to ongoing geopolitical tensions and a resurgence in global health concerns, which could impact market stability. Nevertheless, strong corporate earnings from companies like Nvidia, along with positive economic data, helped to alleviate fears of a recession. Financial stocks performed particularly well, and the broader market benefited from a more accommodative outlook from the Federal Reserve. Commodities had a strong month, with $GLD reaching record highs, fueled by a weaker U.S. dollar and speculation about potential rate cuts. Meanwhile, cryptocurrencies experienced notable declines, reflecting ongoing market uncertainty. As we move forward, the market's focus will likely remain on central bank policies and economic data, which will play a crucial role in shaping investor sentiment. 💼 Portfolio Activity In August, we took strategic steps to navigate the volatile market environment and position our portfolio for long-term growth. We injected significant liquidity early in the month, allowing us to capitalize on market declines and purchase assets at attractive prices. This proactive approach enabled us to strengthen our portfolio, focusing on equities that we believe were undervalued relative to their fundamentals. Throughout the month, we actively managed our portfolio, increasing our positions in several existing holdings and adding new ones. Notably, we invested in companies with strong growth potential, such as $AXON (Axon Enterprise Inc) International General Insurance Holdings Ltd and InterDigital Inc. Our strategy also included maintaining a healthy liquidity position, giving us the flexibility to respond quickly to market opportunities as they arise. We were particularly encouraged by $NVDA (NVIDIA Corporation) earnings report, which reinforced our positive outlook on the company’s future. We plan to increase our position in Nvidia, when we think the time is right. Additionally, we initiated a new position in $MELI (MercadoLibre) , recognizing its robust growth in the Latin American e-commerce and payments market. This addition aligns with our focus on companies that combine strong fundamentals with growth potential. At the same time, we made the decision to exit our position in Synopsys Inc., which did not meet our return expectations. This move reflects our disciplined approach to portfolio management, ensuring that we focus on investments that align with our strategic goals and deliver value to our clients. Overall, our portfolio activity in August has been guided by a commitment to flexibility and a focus on identifying high-potential opportunities. By carefully managing liquidity and making selective investments, we have positioned our portfolio to adapt to changing market conditions while aiming to maximize returns. As always, we remain vigilant and ready to adjust our strategy to achieve the best outcomes for ourselves and our copiers, and as we now enter September/October, historically a bad period of the year for stocks, this applies to an even greater extent. We are confident in our approach and optimistic about the opportunities ahead. __________________________ YTD 2024 /Aug Wealthbystrategy 27,5% / 2,2% SP500 (SPX) 18,4% / 2,3% Nasdaq Comp (IXIC) 18,0% / 0,7% Nasdaq 100 (NDX) 16,3% / 1,1% Riskscore August: 3 (according to eToro's 10-point scale) ________________________ 💡 If you like what we do, please copy our portfolio, and follow. To fully benefit from all portfolio transactions, please copy with a minimum initial amount of $300. Copy continuously thereafter, for example, every month and be long-term; it will provide both the safest and best results for you. Thanks for your attention! ________________________ 💪 Portfolio winners 1 month (Holdings throughout the month) FIX +16% NVDA +15% PANW +14% 👎 Portfolio losers 1 month (Holdings throughout the month) MEDP -6% GOOG –4% URI +1% 💲 Other assets, performance April (Holdings throughout the month); GLD +2% BTC -11% _________________________ New holdings added during the month; $PLTR (Palantir Technologies Inc.) MELI AXON IGIC IDCC Exits during the month; SNPS ELF PCAR __________________________ Number of holdings by month end: 28 (20 stocks, 7 ETFs and 1 crypto asset) Cash position by month end: 10,2%.

5 Mentioned

GLD

AXON

NVDA

MELI

PLTR

Palantir Technologies Inc.