Santiago1000 @Santiago1000: "Monthly Portfolio Review – August..."

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Monthly Portfolio Review – August 2024 📈💼 Hello, my dear eToro family! 👋💚 📊 Portfolio Performance Overview August month: +3.56% 📈 3 Months: +1.34% 📈 YTD: +35.81% 🚀 12 Months: +43.35% 🌟 August was a month of highs and some challenges, but we held strong. Despite some market volatility, the portfolio remained resilient and well-positioned to leverage both growth opportunities and manage risks effectively. 📈 Biggest portfolio winners of the month: $MELI (MercadoLibre): +26.78% – MercadoLibre has been on fire, leading the e-commerce charge in Latin America. Strong earnings and growth outlooks have boosted confidence. $VST (Vistra Corp): +23.81% – Vistra Energy continues to ride the wave of higher energy prices and operational efficiencies. $LLY (Eli Lilly & Co): +21.49% – Eli Lilly's innovation in its diabetes and obesity treatments is creating waves in the healthcare sector. $TTD (Trade Desk Inc A): +16.35% – The Trade Desk is seeing great momentum with its digital advertising focus, especially with the growth in connected TV ads. $FIX (Comfort Systems USA Inc): +15.65% – Comfort Systems remains a solid performer as HVAC demand stays strong in commercial and residential sectors. $NVDA (NVIDIA Corporation): +15.08% – Despite the post-earnings dip, Nvidia remains a key player in AI, semiconductors, and data centre growth. 📊 Weekly Market Analysis: August had its fair share of drama! Wall Street's benchmark S&P 500 index finished both the week and the month in positive territory, which is impressive considering the steep dip at the beginning of August, known as "Black Monday 2024." The market slumped by 3% on August 5 due to a mix of factors, including the unwinding of the yen carry trade and growth concerns sparked by July's nonfarm payrolls report. The remainder of the month, however, was all about recovery. Strong economic data around inflation and retail sales helped ease recession fears, and with the Fed signalling potential interest rate cuts, we saw renewed optimism. 💪 This month's standout was Nvidia, which continues to demonstrate the power of AI. The company delivered more than double the quarterly revenue, but for a market accustomed to Nvidia's blowout results, the latest guidance did not quite reach those sky-high expectations. The stock saw a 7% drop in after-hours trading post-earnings despite impressive numbers and a $50B buyback. A wild ride, but one that keeps us excited for what's next in the AI space! 🚀 🔄 Trade Updates: This month saw high volatility, especially around the earnings results of $ANF (Abercrombie & Fitch Company) and $NVDA . With all the quarterly results now out, I decided to rebalance the portfolio to focus on more security and reduce volatility by increasing our positions in ETFs. These adjustments aim to provide a more stable base, ensuring we capture growth while managing risks better. 🌟 Tip of the Week: Don’t let ego or pride stop you from buying back a great stock, even if it shook you out before. The biggest stock market winners often offer multiple entry points. Remember, the market doesn’t care if you buy a stock a second or even third time. Stay flexible, stay humble, and always be ready to seize opportunities when they arise. 💡 🙏 Thank You Note: From the bottom of my heart, thank you all for entrusting your hard-earned money with the Santiago1000 portfolio. Here’s to our shared growth and prosperity! We’re in this together, and I couldn’t be more excited about the future. 🍾🥂 Until our next update, Santiago 🚀