- 2 August 2023
- Posted by: Vincenzo Stefanini
- Categories: Investing & Trading, Money
Table of Contents
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This is the July 2023 eToro Portfolio Update.
PI Statistics
I am an Elite Popular Investor at eToro.
My username is vincenzost.
Currently, about 300 people are investing in my portfolio.
I am managing a total of around $300,000.
The risk score of my portfolio is 4, which is low.
In the past 2 years, my portfolio has made more than 85% profit.
Portfolio’s Performance
July has been a negative month for cryptos like Bitcoin and Ethereum.
Despite this, my portfolio closed with a profit of 0.64%.
Market Forecast
The US economy remains very strong and inflation is moving down every month.
However, the Federal Reserve increased the interest rate by another 0.25% this month.
The market is ignoring the restrictive monetary policy from the FED and it’s rallying.
Investors are now feeling bullish and even the bears have capitulated.
Because of this, I think we can expect a correction in the stock market in August, which would be a buying opportunity for the long term, in my opinion.
My opinion
I remain very bullish on Bitcoin, after the news that a spot ETF might soon be approved in the US.
That will allow also institutions to invest in Bitcoin and increase its adoption.
That is really great news.
Also, the next Bitcoin halving is less than 1 year away, which means that now is the time to buy and accumulate for the long term, as in the next 2 years we could finally expect a new bull run on Bitcoin.
I have also noticed that Bitcoin is not correlated anymore to the stock market, which is positive, because if there will be a stock market crash, Bitcoin should hold its value.
Asset Allocation
The current asset allocation of my portfolio is as follows:
- 34% Cryptos
- 23% ETFs
- 2% Stocks
- 41% Cash
Portfolio’s Strategy
I am gradually changing the asset allocation of my portfolio.
I am going to use the cash available to increase the exposure to cryptos, gold, silver and stock ETFs.
If you are already a copier, keep the copy open and add new funds to the copy every month.
Remember that this is an investment for the long term.
If you are not copying my portfolio, now is a great time to start investing.
Goals
My goals for this year are:
- to keep the risk score low
- post regularly on my eToro feed and my social media
- to close the year in profit
- increase the assets under management to over $500,000
Contacts
If you have any questions, you can contact me on eToro or my social media accounts.
Follow me for more updates like this.
Hope you have an amazing day.
Copy my portfolio
If you want to invest in my portfolio, please follow these steps:
1. Create a new account on eToro, via the following link https://www.vincenzostefanini.it/goto/etoro/
2. Go to my eToro profile: https://vincenzostefanini.it/goto/etoro-vincenzost/
3. Click on COPY
