Hello Copiers, Followers, and eTorians,
Here is my portfolio update for January 2026.
January was a strong month for my portfolio, ending +4.20%, and importantly it outperformed the main US equity benchmarks over the same period.
Performance Overview
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January: +4.20%
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2025 performance: +5.35%
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2024 Performance: +46.68%
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Risk Score: 5
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Active Copiers: 18
US Market Recap
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S&P 500: +1.37%
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Dow Jones: +1.73%
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Nasdaq: +0.95%
In other words, the portfolio delivered a higher return than the S&P 500, Dow Jones, and Nasdaq in January, while maintaining a Risk Score of 5.
Key Market Drivers
- Safe-haven rush, then violent reversal in metals (gold and silver).
Through January, gold and silver ran to new highs as investors priced in macro uncertainty and “safe-haven” demand. Late in the month, the move became very unstable: gold saw a sharp pullback after hitting fresh records, and then the selloff accelerated around policy headlines and positioning. - US policy and central bank leadership headlines became a major volatility trigger.
Several market moves were linked to fears and then repricing around the Federal Reserve leadership and perceived policy direction. Reports and political headlines around the Fed chair topic added fuel to cross-asset volatility, including a stronger USD narrative that can pressure non-yielding assets like gold. - Risk-off waves hit crypto alongside macro headlines (rates, bonds, geopolitics, trade).
In mid-to-late January, risk-off sessions impacted higher-beta assets, and crypto moved with that stress (ETH/SOL/ADA and broader crypto selling on macro risk and trade-related headlines, plus “thin liquidity” moments). This is one of the reasons why the month could feel “great overall”, but with very painful down days toward the end.
Portfolio Snapshot
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32% Stocks
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49% ETFs
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10% Crypto
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9% Cash
My risk score remains at 5, which I believe is well-suited for managing long-term stability while still aiming for solid returns.
Outlook for February
For February, I’m watching three things closely:
- Macro data and rate expectations: inflation and growth prints can quickly change market pricing for rates, impacting equities and crypto sensitivity.
- Volatility spillovers across assets: after January’s sharp moves in metals and crypto, correlation can rise fast in risk-off days.
- Earnings and guidance: with mega-cap results and forward guidance, markets can rotate quickly between sectors and styles.
My approach remains the same: stay selective, manage risk actively (Risk Score 5), and prioritize consistency over chasing short-term moves.
Recommendations for Copiers
If you are considering copying my portfolio, here are a few tips to make the most of it:
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Invest a minimum of $2,000: This helps ensure proper diversification and better mirrors my portfolio structure.
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Focus on the long term: Keeping the copy open over time allows you to benefit from compounding and market recoveries.
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Starting smaller: You can begin with a lower amount and add funds later as your confidence grows.
Now is still an excellent time to start copying my portfolio, or to add more funds if you are already a copier.
Goals for 2026
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Outperform the S&P 500: Aim for another year of strong relative performance.
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Maintain a medium risk score: Balance risk and reward effectively.
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Achieve Champion Popular Investor status: Continue growing and strengthening our investment community.
Thank You
I would like to sincerely thank all my copiers for your continued trust and support.
Get started now
If you haven’t started investing in my portfolio yet, now is a great time to join.
Simply create an eToro account using this link and visit my eToro profile to get started.
Warm regards,
Federica Montella