Many good points by Ed and Darren above.

I just add another point. Many of these newly-listed brokers tend to go through a ‘Boom-Bust’ cycle, where prices slump by 80-90 percent following their IPOs.

For example:

Coinbase (COIN) – $400 to $40 (-90%)
Robinhood (HOOD) – $80 to $8 (-90%)
WeBull (BULL) – $70 to $8 (-89%)

et cetera.

eToro (TO…[Read more]

I think there are a number of reasons for the underperformance of eToro’s stock since it IPO’d.
However, it seems to me that the main factors behind the share price fall are geographic and cultural differences.

I say that because, unlike rivals such as Robinhood eToro’s clients base is international rather than US focused. Ss of the end of…[Read more]

I don’t like to bet against the US market (the S&P 500 index). Because it has a fantastic long-term track record.

However, some indexes that could potentially beat the S&P 500 this year include:

* The S&P Equal Weight index: Late last year, investors started to rotate out of the technology sector and into other sectors such as Financials, H…[Read more]

eToro shares have not performed well since the IPO. As I write this, they’re trading at $31 – about 40% below the IPO price of $52.

It’s hard to know exactly why the share price has tanked. I think it’s probably related to a few different factors including:

* Competition: eToro operates in a very competitive industry and it’s up against s…[Read more]

The US stock market is in a league of its own.

At the time of writing, 12 out of the top 14 companies (by market cap) are American. Google (GOOG) is the latest tech company to hit the $4 trillion mark.

US Big Techs dominate many aspects of our daily lives, from social networking to shopping to tech gadgets. Their monopolistic platforms are…[Read more]

When silver is on a roll, it is best to stay out of its way.
The metal has a habit of churning around aimlessly for a long time until prices march resolutely northwards.
Has silver reached the the climactic end? I’m not so sure.
To bet on the spread narrowing (long gold; short silver) is a bet on gold outperforming silver.
This may well happen in…[Read more]

US markets didn’t perform particularly well in 2025 for example, over the last 12 months the S&P 500 was up by +16.92%. However, the Spanish Ibex 35 posted gains of almost +50.0% in that 12 month period and several smaller European indices did even better. Slovenia’s SBITOP Index is up 5+4.0% over the last year, but even that is knocked into a…[Read more]

The Gold Versus Silver ratio is at its lowest in 10 years, based on the fact that Silver is largely correlated to gold – albeit much more volatile. Is there an argument for buying into this as a pairs trade?