What does copying ingruc mean?
More than 4,600 people copy this portfolio with $10 million+ of their own money. This page is everything I'd want to know before joining them.
What copying actually is
When I buy, your account buys the same instrument at the same moment, sized to your allocation: if Brookfield is 9% of my portfolio, it becomes 9% of whatever amount you allocate. When I sell, you sell. When I do nothing — which is most of the time — you do nothing, at no cost.
You keep full control. You can stop copying whenever you want, add or withdraw money, or close the copy entirely — the positions either transfer to you or close out at market. You are never locked in, and I never touch your money. eToro executes everything.
What it costs
Copying itself is free — eToro charges no extra fee for CopyTrader, and I take no fee from copiers. eToro pays me directly through its Popular Investor program, which means my incentive is a track record that people keep copying, not activity in your account.
What you do pay is what any eToro user pays: the spread on each trade, an FX conversion fee if you deposit in a non-USD currency, and — on withdrawals — nothing from a local-currency account (GBP, EUR, DKK), or $5 from a USD account with a $30 minimum. Because the portfolio trades rarely — average holding period over a year — the spread cost of copying me is about as low as copy trading gets.
eToro's minimum to start a copy is $200.
What you'd be copying
A concentrated portfolio of 24 stocks plus cash, picked with one lens: businesses generating real free cash flow, bought when the market prices them as if that cash will stop.
Just as important is what it never contains: no leverage, no short selling, no derivatives. Long stocks and cash, nothing else. The risk management is built into what the portfolio doesn't do.
The numbers: +194% since August 2020, 19.3% a year compounded, +11.7% this year. Beta below 1 against the S&P 500 — the portfolio has historically moved less than the market while returning more. Every claim in this paragraph is verifiable on the portfolio pages.
What it feels like to copy this
The worst drawdown in the portfolio's history is -14.0%. This is not particularly bad, especially since it is often the market itself which is falling at the same time. But you have to be ready for this to happen. That is not a flaw in the strategy; it is the price of the returns.
What I can tell you is what I did during previous ones: nothing, or bought more. The portfolio finished every calendar year since inception in profit, including 2022, when global markets were deeply negative.
The practical rule: copy with money you won't need for five years, in an amount where a −15% month changes nothing about your life.
Who shouldn't copy this
You shouldn't copy this portfolio if you need the money within a few years, if you'd stop the copy after a bad quarter (you'd lock in exactly the wrong moments), or if you're looking for crypto-style excitement. This portfolio is about generating returns sustainably and growing the portfolio over time. Learn more about it in the Knowledge section.
Questions people actually ask
- How much do I need to start copying?
eToro's minimum is $200 per copied investor. Below a certain amount the copy approximates rather than fully mirrors the portfolio, because positions that would be under $1 aren't opened. The copy-minimum tool works out the exact amount to hold every position, live.
- Can I withdraw or stop at any time?
Yes. You can pause, stop, add or withdraw whenever you want. Stopping a copy either transfers the positions to your own account or closes them at market — your choice.
- Does Ingvar earn money from my copy?
Not from your account. eToro pays me through its Popular Investor program based on assets under copy, and pays a commission if you sign up through the affiliate links on this site.
- What returns should I expect?
The track record — 19.3% a year since 2020 — is public and verifiable, and it is a history, not a promise. My own planning assumption for any equity strategy, including this one, is materially lower than the historical figure. Past performance is not indicative of future results.
- Do I copy the existing positions or only new trades?
Your choice at setup. “Copy open trades” mirrors the current portfolio immediately (I recommend this — the portfolio is the strategy); “copy new trades only” starts from cash and builds as I trade, which with my trading frequency takes a long time.
- What happens in a crash?
The copy does what the portfolio does. Historically that has meant falling less than the market (beta 0.70 vs the S&P 500), then holding or buying. There is no automatic de-risking, no market timing, and I don't use leverage or shorts.
- Is my money held by Ingvar?
No. Your money stays in your own eToro account under your regulator's protections. Copying is an instruction to eToro, not a transfer to me. I never have any access to it.
How to copy, in practice
One: open an eToro account (this link tells them I sent you — affiliate link). Two: complete verification and deposit — remember the $200 copy minimum. Three: find @ingruc or go straight to my profile. Four: press Copy, choose your amount, keep “copy open trades” selected. Five: close the tab. Seriously — the strategy works best unwatched, and the monthly letter will tell you what matters.
A $50 head start.
Open an account through this link and make your first deposit of $200 or more, and eToro adds $50 in ETFs, your pick of six, to get you started.
See the six ETFs you can choose from
- IUSQ.DE — iShares MSCI ACWI UCITS ETF USD (Acc)
- SXR8.DE — iShares Core S&P 500 UCITS ETF USD (Acc)
- CNDX.L — iShares NASDAQ 100 UCITS ETF USD (Acc)
- MEUD.PA — Amundi STOXX Europe 600 UCITS ETF (Acc)
- IS3N.DE — iShares Core MSCI EM IMI UCITS ETF USD (Acc)
- VGWD.DE — Vanguard FTSE All-World High Dividend Yield UCITS ETF (Dist)
I picked the six on offer to be broad, low-cost index ETFs — so even the welcome assets go to work compounding, the way I invest. Which you choose is your own decision, not a recommendation.
New eToro users only; eligibility and terms apply. eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
Affiliate link · Capital at risk
Prefer to check first? See the live portfolio directly on eToro — same positions, on their servers, not mine.
Copy trading involves a high level of risk, even when copying top-performing investors. Past performance is not an indication of future results. The value of your investments can go down as well as up, and you can lose the money you invest. eToro is a multi-asset investment platform; 51% of retail investor accounts lose money when trading CFDs with this provider (this portfolio holds stocks, not CFDs, but the warning applies to the platform). Nothing on this site is investment advice or a personal recommendation — it is one investor showing his work.