Beating the S&P 500 and inflation
with less risk.
Analytical approach. Disciplined strategy. Proven results.
I'm Dan Hamerník, a private investor with more than 10 years of experience in the capital markets. On Etoro you may know me as Smudliczek, where I'm one of the most copied investors in the world.
I enjoy sharing my thoughts online, live and without a paywall. Full transparency is key for me, with no hiding of investment decisions. My portfolio is built on my own analysis, individual decisions and investment theses that I write about openly. I document not only the results, but also the journey that leads to them. All public, transparent and verifiable. And why? Because I simply enjoy it.
The numbers speak for themselves
Transparency is the foundation of trust. Here are the key figures documenting my investment journey.
* Past performance is not an indication of future results. Figures are indicative.
Portfolio performance
Real data from the Etoro platform. Annual returns of Dan's portfolio since 2019.
Annual returns (%)
Since 2019, I have beaten the S&P 500 index by an average of 17.28% per year.
Growth simulation based on Dan's results
Calculated with compounding from the actual annual returns of Dan's portfolio.
* Data comes from the Etoro platform. The simulation is indicative and does not constitute investment advice. Past performance is not an indication of future results.
Data: Etoro · S&P 500: FRED · Updated Oct 12, 2026
How to start - Step by step
With Etoro CopyTrading, you can automatically copy the trades of other investors. It's entirely up to you which investor you decide to copy. If you sign up through my link below, you may receive stocks for free as a bonus from selected companies (availability depends on your country).
Before you start: investment risks
- Investing involves risk — the value of an investment can go down as well as up, and you may lose the capital you invest.
- Past performance is not an indication of future results.
- Etoro CopyTrading copies trades proportionally, but your results may differ due to timing, fees and market conditions.
- Etoro is a separate, external platform. This is not investment advice or a recommendation on where to invest.
How CopyTrading works
How to start — step by step
- 1Open an account on Etoro
- 2Verify your identity (KYC)
- 3Deposit funds into your account
- 4Find the profile of the investor whose portfolio you want to copy
- 5Set the amount you want to copy with
- 6Track the performance and adjust or stop your copy at any time
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Copy Trading does not amount to investment advice. This content is for information and educational purposes only and does not constitute an investment recommendation. I earn a commission if you sign up using my link. Sponsored by eToro.
Investment philosophy
I look for opportunities where the market doesn't yet see the whole story. Every investment starts with understanding the market, continues with my own thesis and ends with disciplined risk management.
Investment stories
I look for trends, shifts and investment stories that can create new opportunities. I try to understand what is really happening in the market, who benefits from it and, above all, where there is an opportunity to profit from it as an investor.
Finding hidden value
I'm not interested only in the final product or the best-known company. I examine the entire value and supply chain and look for the parts of it that the market overlooks or undervalues. That is often where the most interesting opportunities arise.
Thesis & analysis
Behind every significant position there is a specific investment thesis, analysis and hundreds of hours of work. I study companies, their competitors and the whole market, and put information into a wider context. I draw on thousands of hours of experience from analyzing markets and from my own investing.
Medium- to long-term horizon
I build most investments with a horizon of several years and give each investment thesis enough time to play out. Where possible, I also make use of the Czech three-year holding period (the “time test”), after which gains from selling securities are exempt from income tax in the Czech Republic, provided the legal conditions are met. At the same time, I'm not passive at all costs. When I see a specific opportunity, I also use shorter-term tactical trades aimed at increasing the portfolio's overall return.
Capital protection & risk management
Maximum return is not my only goal. Protecting capital and managing risk matter more to me than chasing every last percent of return. I don't use leverage, I manage position sizes and continuously assess whether the original investment thesis still holds. I aim to keep the portfolio's volatility lower than the market's.
I read and i know things. Onwards!— Dan Hamerník
Behind every stock is a company. Find out what it's doing.
In the media
Articles from Czech media, in Czech.
Jeho jednoduchá strategie válcuje S&P 500. Dan Hamerník otevřeně o tom, proč se mu daří a jak vybírá své investice
“Rychlé zbohatnutí je nebezpečná iluze, nutí vás podstupovat nepřiměřené riziko.”
Kopíruje je 24 tisíc investorů. Kam by na pět let dali peníze ti nejúspěšnější z eToro?
Kam by na pět let vsadili nejúspěšnější čeští investoři z eToro a kde vidí největší příležitosti i rizika.
Český investor překonává Wall Street. Na eToro má tisíce kopírovačů
“Někdo večer kouká na různé reality show, já si radši sednu a studuju výkazy firem.”
Tři čeští vlci dobyli Wall Street
“Já osobně dokážu unést i minus dvacet nebo minus padesát procent, pokud pořád věřím, že původní teze platí.”
Nejúspěšnější investoři na eToro varují. Největší riziko AI teprve přijde
Jak se Dan Hamerník a další čeští investoři z eToro dívají na investování do AI.
Commentary and interviews
I write about investing, markets and personal finance, and record videos and interviews on the same topics. No sensationalism, no guaranteed tips, always backed by data. I regularly comment on market developments in leading Czech media. Some articles and videos are in Czech.
„Vrchol AI cyklu je teprve před námi," říká investor Hamerník, který loni vydělal 80 %
Loni zhodnotil portfolio o 80 %, letos zatím o dalších 20 %. Přesto teď Dan Hamerník přibrzďuje. V rozhovoru vysvětluje, proč věří Číně, zbrojovkám a paměťovým čipům, a proč byl PayPal jeho největší chybou roku.
J&T Banka Talks: AI závod o stovky miliard zrychluje
Bubliny na trzích většinou poznáme až pohledem do zpětného zrcátka. Hyperscaleři čelí poklesu volného cash flow navzdory agresivním investicím do AI.
Japonský brus - počítání AI pro japonské brusiče (DISCO)
Ahoj všichni, ačkoliv už na náměstích, kde probíhají předvolební trachtace můžete slyšet disco v podání Michala Davida, já koukám už měsíce do Japonska taky na DISCO (Jako do skutečného Japonska, neplést s nějakým disco, co by zaznívalo v čechách zase na jiných předvolebních trachtacích). Proč to dělám? No protože Microsoft, Alphabet, Amazon a Meta letos podle s...
Geely x NIO Power - Bullish a česky
Ahoj všichni, delší dobu jsem toho česky moc nesepsal, nicméně zasloužilo by si to další informace k NIO. Psal jsem to anglicky a je to na Xku, primárně kvůli dalším NIO investorům, ale nechtěl jsem vás o to ochudit. Pro ty z vás, kteří anglicky neumí tak níže text v češtině. Bez obrázků a tabulek, protože na kafíčku se to zobrazuje trošku hůře. Článek samotný ...
Nio Q2 results, The Good, the Bad and the Ugly - ČESKY
Ahoj všichni, delší dobu jsem toho česky moc nesepsal, nicméně zasloužilo by si to informace k NIO. Psal jsem to anglicky a je to na Xku, primárně kvůli dalším NIO investorům, ale nechtěl jsem vás o to ochudit. Pro ty z vás, kteří anglicky neumí tak níže text v češtině. Bez obrázků a tabulek, protože na kafíčku se to zobrazuje trošku hůře. Čeština Nemluvím číns...
AI - deep, deeper, deepest dive vol 2!
CoWoS? Glass Substrate? Sklo? CoWoP? Balení čipů? Fotonika? Už to bude skoro rok od prvního dílu, kdy jsem rozebíral do hloubky wafery, čipy a jak na to koukat. Je docela zajímavé že to zabralo skoro rok, než jsem se pustil do 2. dílu, ale myslím že už nastal čas. A taky jsem dlouho nic nenapsal, takže here we go. Jo a kdo se inspiroval prvním článkem , jehož jasným vítěze...
Kola autobusu se točí dál! I po propadu o 13%
Ahoj, O Bluebirdu vzniká pomalu série a tak přidávám další článek do kategorie, protože tyhle výsledky jsem prostě musel projít. A protože se teď učím natáčet videa a piluju angličtinu tak to máte zase formou videa. Ale nesmutněte, sepisuji pro vás článek na čipy tak obsáhlý, že jej stejně nepřečtete celý. A dofinišuji ho už tento nebo příští týden. Tak př?...
Je NIO aktuálně podhodnocené? Jaká je moje investiční teze? ES8 a ES9?
Ahoj, v dnešním videu v angličtině jsem detailněji rozebral společnost NIO a proč se domnívám že může být aktuálně podhodnocené. Je to největší pozice v mém portfoliu a proto si zaslouží více péče, než jiné akcie. A protože jsem se rozhodl veřejně sdílet, jak to může dopadnout, velmi brzo budu dělat video "jak jsem ze sebe udělal oslíka na kameru". Moje portfoli...
Why AI data centers are basically giant fridges 🧊⚡
A rack of NVIDIA GB300 chips is built for 142 kW. Air can't cool that, so it takes liquid. One of the companies supplying it is Schneider Electric, which built France's first steam locomotive in 1838. ▶️ Why I think it's one of the most interesting stocks in Europe: tap the related video above. 🌐 My website: http://danhamernik.cz/ 📊 My Public Portfolio & eToro - View my portfolio: https://etoro.tw/43oXJEE - Register on eToro (affiliate link): https://med.etoro.com/B22118_A128724_TClick_SDanHamernik.aspx ☕ Free articles, no paywall: https://buymeacoffee.com/smudla ⚖️ As an Elite Pro Investor on eToro, I may receive compensation based on the funds investors allocate to copying my portfolio, and if you register or deposit through my link, at no additional cost to you. Not investment advice. Your capital is at risk. #SchneiderElectric #AI #DataCenter #NVIDIA #Investing
A French company owned Škoda for 20 years? 🚗
In 1919 Schneider of Le Creusot became the majority owner of the Škoda Works in Plzeň. Today it's called Schneider Electric and it powers AI data centers. And I own the stock. ▶️ Full story in my video: 190 years, six revolutions and a $23.7B bet on AI. Tap the related video above. 🌐 My website: http://danhamernik.cz/ 📊 My Public Portfolio & eToro - View my portfolio: https://etoro.tw/43oXJEE - Register on eToro (affiliate link): https://med.etoro.com/B22118_A128724_TClick_SDanHamernik.aspx ☕ Free articles, no paywall: https://buymeacoffee.com/smudla ⚖️ As an Elite Pro Investor on eToro, I may receive compensation based on the funds investors allocate to copying my portfolio, and if you register or deposit through my link, at no additional cost to you. Not investment advice. Your capital is at risk. #SchneiderElectric #Skoda #Investing #Stocks
The Market Hated This $23.7B Deal. I Bought More
Hi, ⚡ Schneider Electric just announced the biggest acquisition in its 190 year history: PTC for $23.7 billion. In two days the stock fell from €303 to about €262 and lost more than €23 billion of market value, while the premium it pays is only about €6 billion. I bought more. Here is why. 🏭 Schneider is older than the light bulb, the telephone and a united Germany. It built France's first locomotive, the first motor buses in Paris and France's first tank, and for almost twenty years it owned the Škoda Works in Plzeň. It has survived steam, electricity, the combustion engine and the internet. Now it powers and cools AI data centers, with organic growth of 14% in the first half of 2026 and triple digit demand in pure data centers. 🔍 In this Schneider Electric stock analysis, I break down what PTC actually does, why the deal completes a digital thread from product design to factory operations, and how it helps Schneider catch up with Siemens in industrial software. I also look at the AI tailwind, why I see Schneider as one of the most interesting stocks in Europe, and the risks: higher leverage, a €5 to 6 billion share placement, lower return on capital for several years and dependence on data center spending. ❓ The question I'm watching next is simple. Can Schneider turn the market's fear into its next revolution? Let me know what you think about the deal in the comments or reach out on Twitter/X! Thanks for watching. 👇 📊 My Public Portfolio & eToro - View my portfolio: https://etoro.tw/43oXJEE - Register on eToro (affiliate link): https://med.etoro.com/B22118_A128724_TClick_SDanHamernik.aspx ☕ Read My Articles & Support Me Check out my free articles about companies and markets (no paywall!), or support my work here: - Buy Me a Coffee: https://buymeacoffee.com/smudla I own shares of Schneider Electric. As an Elite Pro Investor on eToro, I may receive compensation, meaning a monthly payment, based on the amount of funds investors allocate to copying my portfolio. If you register and/or deposit through my link, I may receive compensation, at no additional cost to you. Your capital is at risk. Past performance is not indicative of future results. This video is for informational and educational purposes only and does not constitute investment advice or a personal recommendation. #SchneiderElectric #Stocks #AI
A $1,000 Side Hustle That Became Dell
What can you build with $1,000 and a college dorm room? At just 19, Michael Dell started assembling computers while studying medicine at the University of Texas. That was 1984. His business, originally called PC’s Limited, would become Dell Technologies. From dorm room to global tech company. How’s that for a side hustle? 💻 Subscribe for more stories behind the companies in your portfolio! 📈
Why would a CEO take their own company off the stock market?
Why would a CEO take their own company off the stock market? In 2013, Michael Dell did just that to escape quarterly Wall Street pressure and pivot into enterprise technology. The result? A massive comeback in 2018 and room to build a long-term empire. Follow for more business breakdowns! 📈
Why do customers choose Dell for AI? #trading #dell #investing #ai #datacenter
Why do customers choose Dell for AI? It’s not just about building chips, it’s about delivering fully tested, all-in-one systems that get you to market faster. Less friction, more revenue, and one single point of contact when things get tough. Drop your thoughts below: Do you hold Dell in your portfolio? 👇
Investment journey
About me
My name is Dan Hamerník and I have been investing in the capital markets for more than 10 years. I started out like many others – with intuition, no system and a few unsuccessful speculations.
The turning point came between 2017 and 2019, when I started systematically educating myself in value investing. I studied the work of Benjamin Graham, Warren Buffett and Charlie Munger and gradually built my own investment framework for global equity markets. In 2019, I started investing on Etoro.
Today, I specialize in fundamental analysis of companies with a strong competitive advantage, capable management and a reasonable valuation. I build my portfolio globally and broadly – it currently holds more than 50 different stocks.
Besides my own investing, I share my insights with thousands of people who copy me. I believe that quality financial education is still a rare commodity in the Czech Republic and deserves more attention.
Contact
Do you have a collaboration proposal? Would you like to meet? Write to me and I'll get back to you as soon as I can. Please note that I don't provide investment advice, so I can't tell you what to invest in. My trades are, however, public on Etoro HERE.
Social media
Media inquiries
I regularly comment on financial market developments for Czech media. For interviews, commentary and media partnerships, please contact me by email.