- 8 April 2021
- Posted by: Vincenzo Stefanini
- Category: Investing & Trading
Table of Contents
September & October 2020 Performance
This is the latest update about my investment portfolio on eToro.
September 2020 performance: -4.71%
October 2020 performance: +15.98%
2020 YTD performance: +81.03%
October 2020 was a positive month for my investment portfolio: almost 16% profit. I’m currently 81% in profit since the beginning of 2020, which is great. I’m really pleased. November is also going very well so far.
My Investment Strategy
My investment strategy is for long-term growth (capital increase and protection).
My portfolio is structured to take advantage and grow and protect the capital also during a financial crisis and a global recession (so it’s perfect for the current situation in 2020).
Asset allocation: ~94% on cryptos, ~5% on ETFs and ~1% on stocks.
My portfolio is very volatile, due to the current asset allocation based mainly on cryptocurrencies.
I have more than 245 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 (more than 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 (like this one) to all my copiers and I share them also on my website here.
Indices
I have closed my long positions on the indices, before the correction that happened at the beginning of September, with a profit of about 60%. Then, I’ve opened new LONG positions on the Nasdaq via $TQQQ (ProShares UltraPro QQQ), at lower prices. Currently the new positions are in profit up to 21%.
The Nasdaq ($NSDQ100), the S&P 500 ($SPX500) and the Dow Jones ($DJ30) indices are still trading below the September highs, but they have recovered a lot in the past week. As soon as the new US President will be announced, the market will start to rally again, in my opinion. If there is uncertainty about who won the election, then there might be a correction on the stock market (and possibly also on the crypto market).
All 3 indices, anyway, are still trading above the 200 moving average, which is a bullish signal.
We still need to be careful since now we are in the “second wave” of coronavirus with new lockdown restrictions across the world.
This could lead potentially to a new crash on the market, as it happened in March. If that happens, in my view, it will be a great opportunity to buy at discounted prices.
Commodities
Gold ($GOLD) and Silver ($SILVER) are both trading below the September highs.
This means that there is still a positive correlation between these commodities and the stock market (usually is the opposite).
As mentioned previously, I’m not investing in them directly, but I prefer to invest in mining stocks because I can get a better return in the long term.
In fact, I have a new LONG position open on Junior Gold Miners ETF VanEck Vectors ($GDXJ) as the price went 20% below the recent high and now is already up.
I have closed all my LONG positions in $USO, the ETF of Oil ($OIL), that I have opened in April, when it reached the bottom. I’ve closed them at a profit of around 40% before they started to go down in September.
I’m not planning to open new positions on OIL.
Cryptocurrencies
Bitcoin ($BTC) has finally broken the resistance at $12,000 and it started the rally all the way up to $16,000!! WOW!!
The RSI is currently in overbought level and the Crypto Fear and Greed Index is indicating Extreme Greed, so we need to be careful as a pullback in the short term is likely, as traders might take some profits. The new LONG positions on Bitcoin I have opened previously at $10,000 are now in a great profit (more than 50%). Currently, about 40% of my portfolio is invested in Bitcoin. Just so you know, I’m HOLDING all my LONG positions on Bitcoin ($BTC) and the other cryptocurrencies, with no stop loss and no take profit, because I believe in the long term growth of this sector. Most of the other cryptocurrencies have increased in value in the past 30 days.
I have also LONG positions on many the other cryptos, 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).
I’m still LONG on $SAN.PA (Sanofi), which is a French company in the Healthcare sector, because it might be one of the companies that might find the vaccine for the Coronavirus. Good news has been released previously: “Sanofi and GSK will provide up to 300 million doses of COVID-19 vaccine to the European Union”.
I might be wrong on this, so I’ve invested only a small percentage on this stock, to reduce the risk of loss.
I’ve two LONG positions on Main Street Capital ($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 to start building some passive income. I’ve recently opened new LONG positions on Ocado ($OCDO.L) and Apple ($AAPL) because they went more than 20% below the recent highs. They are already up in value. I’m planning to hold them for a while.
Orders and Balance
I have some pending orders on $TQQQ, Gold ETF (GLD), Tron ($TRX), Cardano ($ADA) and Main Street ($MAIN), in case their prices fall more. I’m also keeping always some cash available on balance to use for future opportunities.
