- 6 July 2023
- Posted by: Vincenzo Stefanini
- Categories: Investing & Trading, Money
Dear copiers and followers, this is my monthly portfolio update.
Table of Contents
Intro
Hi, welcome to the June 2023 eToro Portfolio Update.
My name is Vincenzo Stefanini and my eToro username is vincenzost.
Portfolio’s Performance
In June my portfolio closed negative at -1.45%.
If your copy is still negative, please be patient and keep the copy open for the long term.
I’m expecting to close this year in profit.
Now is a good time to add more funds to the copy or start investing.
Portfolio’s Strategy
June has been a positive month for both US stock indices and cryptos, however, the portfolio didn’t increase much due to some short positions on the stock market.
Anyway, I am changing slightly the asset allocation. This process will take a while to be completed because it’s gradual.
I have already opened new positions and placed new buy orders. I am using the cash available in my balance for this.
Now is the best time to invest, in my opinion.
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.
Market Forecast
The US economy remains very strong which is actually negative for the stock market as this means that inflation will remain high and central banks will need to raise more interest rates and keep a restrictive monetary policy.
For this reason, I remain neutral on the US stock market, as I am expecting a drop, however, that would be a buying opportunity for the long term.
The next FED meeting is on 26 July 2023 and 91% of investors expect a 0.25% rate increase.
On the technical side, stock indices and many cryptos are still trading above their 200-day moving average, which is a bullish sign.
My opinion
I am now very bullish on Bitcoin, after the news that a spot ETF might soon be approved.
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.
As mentioned, I am improving the asset allocation of my portfolio to benefit from this.
I am planning to increase my exposure to gold, silver and bitcoin for the long term.
As usual, I monitor the market daily and do my best to take advantage of the market movement, in any direction.
PI Statistics
I am an Elite Popular Investor on eToro.
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, so very low.
In the past 2 years, my portfolio has made more than 83% profit.
Asset Allocation
The current asset allocation of my portfolio is as follows:
- ETFs: 22%
- Cryptos: 22%
- Stocks: 2%
- Cash: 54%
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.
Vincenzo Stefanini
eToro Popular Investor
vincenzost
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
