Investment Portfolio – Update – 21 April 2020
- 21 April 2020
- Posted by: Vincenzo Stefanini
- Category: Investing & Trading
?This is the latest update about my investment portfolio on eToro.
Table of Contents
Indices
? I’m still SHORT on the Nasdaq via $SQQQ (ProShares UltraPro Short QQQ), the ETF that provides three times the inverse exposure of the daily performance of the NASDAQ 100 Index. I have 2 positions open currently, one negative and one positive, but that’s fine, as I’m expecting the market to go down again. The Nasdaq ($NSDQ100) broke the upward trend line today, so this is confirming my expectation. Same for the S&P 500 ($SPX500) and the Dow Jones ($DJ30). 
Commodities
? I had a LONG position open on Silver ($SILVER), however, I’ve closed it manually today, because the trend is now changed and I’m expecting the price to go down. Also, it was a CFD position open with leverage 1 and I was paying fees for holding that position. I will wait for the trend to change again and enter LONG, but using the ETF $SLV next time. 
Gold ($GOLD) also broke the upward trend line, which is good for me, so I can potentially enter LONG once it falls down a bit from the last peak. 
Oil ($OIL) is clearly in a downtrend, because of the low demand due to the global Coronavirus lockdown. Yesterday the May 2020 contract closed to -$37, for the first time in history. It’s currently trading below $10. I’m expecting it to go down further until the lockdown is lifted globally. So, I’m gradually opening LONG positions using the ETF $USO. So far I have 4 Long positions open and I have a pending order. 
Cryptocurrencies
? Bitcoin ($BTC) to me looks like it’s going to fall down again, in the short term, but so far the $6,600 level has worked well as a support line. However, I’m going to hold my positions and I will open new LONG positions if it goes down a lot, because in the long term I’m still bullish. 
? Ethereum ($ETHEREUM), Ethereum Classic ($ETC), Stellar ($XLM), NEO ($NEO), EOS ($EOS), Cardano ($ADA), IOTA ($MIOTA), ZCASH ($ZEC), TRON ($TRX), Tezos ($XTZ) and Binance Coin ($BNB) all look in an uptrend at the moment, which is great, because I have LONG positions. ? Bitcoin Cash ($BCH), Ripple ($XRP), Dash ($DASH) and Litecoin ($LTC) instead might have broken the uptrend, however I’m holding my LONG positions here. The Bitcoin halving will happen in about 20 days and I’m still expecting the price of Bitcoin and all the Altcoins to go up. ? P.s. if you want to invest only in Bitcoin, you can copy my second account dedicated only to Bitcoin investing.
I tend to avoid investing in a single stock because I prefer to diversify the risk and rather invest in an ETF tracking an Index. ?⚕️ However, 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. So far, this position is at more than 15% profit.
My Investment Strategy
? My investment strategy is for long-term growth (capital gain). ? My portfolio is structured to protect 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: 94.51% on cryptos, 2.97% on ETFs, 1.57% on commodities and 0.95% on stocks. ? My portfolio is very volatile, due to the current asset allocation based mainly on cryptocurrencies. ? April’s performance (to date): +8.17% ? I have 197 followers and 7 copiers. 7️⃣ My average risk score of the last 7 days is: 7 ? 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 I’m going to do more short term trades going forward. ??? 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.
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