This will be a reference post whenever I am asked "why is the portfolio down by x% today?" or "when do you think the portfolio will go up?", etc. Although these are valid questions, if you ask them, you probably haven't read my bio and introduction pinned post. You should do so. With that being said, always feel free to ask me anything investment related. To clarify, this post is not in response to poor performance. In fact, the portfolio is up roughly 4% year-to-date (as of February 2024) and 79% for 2023. As mentioned in the annual letter, expecting +70% returns every year is unrealistic and unlikely to be achieved on a regular basis, if ever again. Even +15% is not easily achievable on a regular basis. Therefore, please set your expectations accordingly. I believe part of my journey on Etoro is to share my investment thoughts with anyone who wants to know. Since I don't believe in sugarcoating the truth, let me be upfront: I will make mistakes, sometimes costly ones (more information in my pinned 2023 annual letter). Sometimes I won't know it in real time. I will always do my best to avoid it, but this is simply the nature of investments and life. Aren't we all smarter looking back in retrospect? My job is to manage my family's future wealth and that of anyone who chooses freely to join me on this journey. My job is managing assets in the most intelligent way I can, and I am very happy to take on this role. I would say that my portfolio structure is suitable for people who appreciate what volatility can bring, not the other way around. When the market gets into manic (up 8% for a month) and depressive (down 4% the following month) mode, I can use it to my advantage. However, if you panic about it, in the long run, you will most likely going to lose money in the market. After 11+ years of investing in the market, you experience some big ups and downs. To succeed, stay true to your convictions, which you acquire by studying the companies you invest in. By the way, daily 3% ups or downs are nothing special. Think of it this way: imagine buying a home for your family with a 15-year horizon. Would you consider selling if its value rose 8% in January and then dropped 4% in February? Of course not! The same principle applies to the stock market. Investing is not gambling; it's about 𝐛𝐮𝐢𝐥𝐝𝐢𝐧𝐠 𝐰𝐞𝐚𝐥𝐭𝐡 𝐨𝐯𝐞𝐫 𝐭𝐢𝐦𝐞. Just like a farmer who plants olive trees knowing it will take years for them to bear fruit, I invest with a long-term perspective. Companies, not short-term profits, are what I'm interested in owning. We are investors, not day traders, and 𝐬𝐨𝐦𝐞 𝐢𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭𝐬 𝐫𝐞𝐪𝐮𝐢𝐫𝐞 𝐬𝐢𝐠𝐧𝐢𝐟𝐢𝐜𝐚𝐧𝐭 𝐭𝐢𝐦𝐞 𝐭𝐨 𝐫𝐞𝐚𝐜𝐡 𝐭𝐡𝐞𝐢𝐫 𝐟𝐮𝐥𝐥 𝐩𝐨𝐭𝐞𝐧𝐭𝐢𝐚𝐥. Daily, weekly, monthly, and even yearly results don't necessarily tell the whole story. I try to avoid focusing too much on them unless they reveal present opportunities. Instead, I invest my time in learning and examining the companies and industries I invest in. If your investment horizon doesn't align with mine, which is at least 3 years and often much longer, copying my portfolio won't be a suitable strategy for you. There's no shame in that; we all have different investment goals and tolerance levels. Finally, let me assure you that my core investment philosophy remains unwavering: acquiring good businesses that I understand at what I believe are attractive prices. This approach has served me well in the past, and I have no intention of deviating from it. Thank you!

Read 2023 Annual Letter to the Investors: https://bit.ly/4b2qZ6E Thank you for your comments! Those who prefer not to share their email addresses can download the annual letter here: https://bit.ly/48EFigq

𝙏𝙝𝙚 𝙃𝙤𝙬 & 𝙒𝙝𝙚𝙣 𝙩𝙤 𝘾𝙤𝙥𝙮 𝙈𝙚. 𝗣𝗲𝗿𝗳𝗼𝗿𝗺𝗮𝗻𝗰𝗲: Since 2013, I have secured a 4,500% return on my investments. My track record showcases consistent and substantial returns, giving you confidence in the growth potential of your own portfolio. 𝗦𝘁𝗿𝗮𝘁𝗲𝗴𝘆 & 𝗜𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁 𝗣𝗵𝗶𝗹𝗼𝘀𝗼𝗽𝗵𝘆: My approach is both meticulous and patient. I target 𝘂𝗻𝗹𝗼𝘃𝗲𝗱, 𝗯𝗼𝗿𝗶𝗻𝗴, 𝗮𝗻𝗱 𝗼𝗯𝘀𝗰𝘂𝗿𝗲 𝘀𝗲𝗰𝘂𝗿𝗶𝘁𝗶𝗲𝘀 with what I consider as 𝗽𝗿𝗲𝗱𝗶𝗰𝘁𝗮𝗯𝗹𝗲 𝗳𝘂𝘁𝘂𝗿𝗲𝘀. Weeks of due diligence go into every decision, laying the groundwork for investments I’m prepared to hold for years. I am not swayed by short-term noise but focus on the intrinsic value of a company. My philosophy is simple: 𝗜𝗻𝘃𝗲𝘀𝘁 𝗶𝗻 𝗾𝘂𝗮𝗹𝗶𝘁𝘆, 𝗮𝗻𝗱 𝘁𝗶𝗺𝗲 𝘄𝗶𝗹𝗹 𝗱𝗼 𝘁𝗵𝗲 𝗿𝗲𝘀𝘁. 𝗧𝗵𝗲 𝗟𝗼𝗻𝗴 𝗚𝗮𝗺𝗲 – 𝗛𝗼𝘄 & 𝗪𝗵𝗲𝗻 𝘁𝗼 𝗖𝗼𝗽𝘆 𝗠𝗲: Think in terms of 𝘆𝗲𝗮𝗿𝘀, not days or months. I do not pay heed to daily, weekly, monthly, or sometimes even yearly results. I seize the opportunity when volatility strikes, loving a stock even more at $80 than I did at $100, as long as the fundamentals remain strong or improve. 𝗜𝘁’𝘀 𝗮 𝗺𝗮𝗿𝗮𝘁𝗵𝗼𝗻, 𝗻𝗼𝘁 𝗮 𝘀𝗽𝗿𝗶𝗻𝘁. 𝗖𝗼𝗽𝘆 𝗠𝘆 𝗦𝘁𝗿𝗮𝘁𝗲𝗴𝘆 – 𝗧𝗵𝗲 𝗣𝗿𝗮𝗰𝘁𝗶𝗰𝗮𝗹𝗶𝘁𝗶𝗲𝘀: If you decide to copy my investment strategy, first familiarize yourself with my style and ensure it aligns with your risk tolerance and investment goals. Here are some key points: • 𝗗𝘂𝗿𝗮𝘁𝗶𝗼𝗻: Plan to copy me for 𝗮𝘁 𝗹𝗲𝗮𝘀𝘁 𝟯 𝘆𝗲𝗮𝗿𝘀. • 𝗩𝗼𝗹𝗮𝘁𝗶𝗹𝗶𝘁𝘆 𝗧𝗼𝗹𝗲𝗿𝗮𝗻𝗰𝗲: I embrace volatility as it often creates prime buying opportunities. If you’re with me, try to 𝗮𝘃𝗼𝗶𝗱 𝘀𝗲𝘁𝘁𝗶𝗻𝗴 𝗮 𝘀𝘁𝗼𝗽 𝗹𝗼𝘀𝘀. • 𝗠𝗶𝗻𝗶𝗺𝘂𝗺 𝗜𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁: You can start copying me with USD$400. • 𝗔𝗱𝗱𝗶𝘁𝗶𝗼𝗻𝗮𝗹 𝗙𝘂𝗻𝗱𝘀: Regularly add funds to your investment. Think of it as a mantra: Save, Invest, Repeat. 𝗙𝗶𝗻𝗮𝗹 𝗧𝗵𝗼𝘂𝗴𝗵𝘁𝘀: Investing is a journey, and if you’re ready for a steady and thoughtful approach to growing your wealth, I’d be honored to have you join me. Remember, the goal is not to time the market, but to spend time 𝗶𝗻 the market, together building a future of financial security and prosperity.