Investment Portfolio – August 2020 Performance
- 8 April 2021
- Posted by: Vincenzo Stefanini
- Category: Investing & Trading
Table of Contents
July 2020 Performance
This is the latest update about my investment portfolio on eToro.
July 2020 performance: +27.12%
2020 YTD performance: +60%
July 2020 was a very positive month (like April and January) closed at 27% profit. I’m currently about 60% profit since the beginning of 2020.
My Investment Strategy
My investment strategy is for long-term growth (capital gain and cashflow).
My portfolio is structured to take advantage and grow the capital also during a financial crisis and a global recession (so it’s perfect for the current situation in 2020).
Asset allocation: 92% on cryptos, 5% on ETFs and 2% on stocks.
My portfolio is very volatile, due to the current asset allocation based mainly on cryptocurrencies.
I have more than 200 followers and 8 copiers.
My average risk score of the last 7 days is: 6
Assets under management: less than $50,000
Portfolio active since October 2017 (almost 3 years)
Most of my positions are open for a long time (months or years), but some positions are opened and closed in a few days.
I manage and monitor the portfolio manually, every day.
I send recurring reports to all my copiers and I share it also on my website here.
Copy my investment portfolio
Copy open positions and keep the copy for the long term.
Recommended copy amount: $2000 or more
Indices
I have closed my short positions on the indices. I’m currently LONG on the Nasdaq via $TQQQ (ProShares UltraPro QQQ). I will use each dip/pullback to open more LONG positions for the long term. I’m aware the US stock market is a bit overbought and a pullback is expected in the short term, however, I prefer to open LONG positions and hold them, even in case there will be a bear market.
The Nasdaq ($NSDQ100) is clearly trading in an upward trend and has recently made a new all-time high.
The S&P 500 ($SPX500) appears also in an upward trend but hasn’t reached yet an all-time high.
The Dow Jones ($DJ30) has been trading sideways for the past weeks and it will important to see what will happen, if it will break on the upside or the downside.
All 3 indices are now trading above the 200 moving average, which is a bullish signal.
Despite this, the fundamentals are still not good (high unemployment rate and a lot of businesses are closing or firing employees).
Commodities
Gold ($GOLD) and Silver ($SILVER) are trading in a clear upward trend, due to the current global economic situation and due to the tensions between US and China.
However, I’m not investing in them, but I prefer to invest in stocks because I can get a better return in the long term.
Also, be aware that they are both overbought at the moment, so a pullback in the short term is expected.
I have some LONG positions in $USO, the ETF of Oil ($OIL), that I have opened in April, when it reached the bottom and it started going up again. The best position I have on $USO is more than 50% in profit. Overall I’m 10% in profit on $USO. Now Oil ($OIL) is currently testing the 200 moving average, so it’s important to see what happens next.
At the moment I’m planning to hold on these LONG positions, but I’ve put a stop loss in profit for half of them, to protect the current profit.
Cryptocurrencies
Bitcoin ($BTC) finally broke the $10,000 mark and it touched $12,000 a few days ago.
This is a bullish signal. If it’s able to break also the $12,000 mark then it will keep going up. I’m HOLDING all my LONG positions on Bitcoin ($BTC) and the other cryptocurrencies, with no stop loss and no take profit.
All the other crypto, such as Ethereum ($ETHEREUM), Ethereum Classic ($ETC), Stellar ($XLM), NEO ($NEO), EOS ($EOS), Cardano ($ADA), IOTA ($MIOTA), ZCASH ($ZEC), TRON ($TRX), Tezos ($XTZ), Binance Coin ($BNB), Bitcoin Cash ($BCH), Ripple ($XRP), Dash ($DASH) and Litecoin ($LTC) all look in an uptrend at the moment, which is great, because I have LONG positions.
The best position I have at the moment on my portfolio is on Cardano ($ADA), and I’m 260% in profit!
I’m still LONG on $SAN.PA (Sanofi), which is a French company in the Healthcare sector, because it might be one of the companies that might find the vaccine for the Coronavirus.
I might be wrong on this, so I’ve invested only a small percentage on this stock, to reduce the risk of loss.
I’ve also opened other LONG positions on these stocks because they have fallen a lot recently but I’m expecting a bounce on the upside in the short term, so I’m planning to hold them for a short period and then close the positions at profit later on: Easyjet ($EZJ.L), Uber ($UBER) and Intel ($INTC). I’ve also opened a LONG position on Main Street Capital ($MAIN), because it looks like a good stock to get monthly dividends. It pays about 8% per year. I’m planning to buy more of this stock every month.
Orders and Balance
I have some pending orders on Easyjet ($EZJ.L), Uber ($UBER), Intel ($INTC) and Main Street Capital ($MAIN), in case the price falls more. I’m also keeping some cash available on balance to use for future opportunities.
