eToro Portfolio Update – July Investor Report

Monthly Portfolio Update | July 2026

July marked a welcome improvement after the weakness experienced in June. While markets remained volatile, my portfolio returned to positive territory and continued progressing toward the long-term allocation strategy I’ve been implementing throughout the year.

As always, my focus remains on disciplined investing, systematic accumulation and maintaining a long-term perspective rather than reacting to short-term market noise.

Portfolio Performance

• July 2026 Performance: +4.07%
• 2026 YTD Performance: -8.91%
• Average Risk Score (Last 7 Days): 4
• Popular Investor Level: Champion
• Current Copiers: 98
• Assets Under Copy (AUC): $160K

Although my performance for 2026 remains negative overall, July represents an encouraging recovery. With several months still remaining in the year, I believe there is still a realistic opportunity to finish 2026 with a positive overall return.

Portfolio Overview

At the end of July my portfolio stood at:

• Average Risk Score: 4
• Open Positions: diversified across crypto, ETFs and equities.

Current Asset Allocation

• Cash: 44%
• Crypto: 52%
• ETFs: 2%
• Stocks: 1%

I continue maintaining a relatively high cash allocation because it gives me the flexibility to take advantage of future buying opportunities without being forced to invest during periods of uncertainty.

What I Did During July

July was primarily a month of execution rather than major portfolio changes.

The most notable development was the activation of my previously planned Bittensor (TAO) position after the market reached one of my predefined accumulation levels.

No emotional or discretionary purchases were made. Every investment continues to follow my systematic accumulation strategy using predefined buy levels.

Looking ahead to August, my next objective is to continue improving diversification by gradually increasing exposure to broad-market ETFs, reducing my dependence on cryptocurrencies alone while maintaining my long-term conviction in the digital asset sector.

Market Commentary

July was another month heavily influenced by macroeconomic developments.

The Federal Reserve kept interest rates unchanged while maintaining a cautious stance due to persistent inflationary pressures and geopolitical uncertainty. Investors continue watching incoming economic data closely for clues about the timing of future policy decisions.

Within the crypto market, sentiment improved compared with June, although uncertainty surrounding U.S. crypto regulation, including discussions around the CLARITY Act, continued to create periods of volatility.

Despite these headwinds, Bitcoin and the broader digital asset market showed resilience during much of July, suggesting that institutional participation and long-term demand remain intact even while short-term sentiment fluctuates.

Long-Term Strategy

One of the questions I receive most often is whether periods of negative performance change my investment philosophy.

The answer is simple: they don’t.

My investment strategy has always been built around five to ten-year market cycles, not monthly returns.

Temporary corrections are a normal part of investing, particularly in high-growth sectors such as cryptocurrencies. Rather than viewing volatility as a problem, I see it as an opportunity to accumulate high-quality assets at more attractive valuations.

At the same time, I continue to broaden my diversification by gradually introducing traditional market exposure through ETFs. I believe combining digital assets with diversified equity investments creates a stronger portfolio over the long term.

Looking Ahead to August

August will likely remain a month driven by macroeconomic data, inflation expectations and central bank policy. Markets will also continue monitoring regulatory developments affecting the cryptocurrency industry and broader investor sentiment.

My priorities for the coming month remain unchanged:

• Continue following my predefined accumulation strategy without emotional decision-making.
• Begin increasing exposure to diversified equity ETFs to further strengthen portfolio balance.
• Maintain adequate cash reserves to capitalize on future market opportunities.
• Continue simplifying and optimizing the portfolio over time while keeping risk at my target level.

I remain optimistic about the medium and long-term outlook. While short-term volatility is inevitable, I believe disciplined investing, diversification and patience remain the most effective tools for building sustainable wealth.

Thank you to everyone who continues to copy and support my portfolio. Your trust is greatly appreciated, and I remain fully committed to managing the portfolio with transparency, discipline and a long-term mindset.

Past performance is not indicative of future results. This update reflects my personal investment approach and should not be considered financial advice.

Vincenzo Stefanini

Popular Investor on eToro