March 2023 eToro Portfolio Update

Dear copiers and followers, click the link below to watch the video about my monthly portfolio update.

 

Video in English Audio

Video in Italian Audio

Video Transcript

Intro

Hi, welcome to the March 2023 eToro Portfolio Update.
My name is Vincenzo Stefanini and my eToro username is vincenzost.

Portfolio’s Performance

In March my portfolio closed with a profit of 1.50%.
So far, this year, my portfolio is in a profit of 2.15%.
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

March has been a positive month for both stocks and cryptos.
I made profits last month because I have mainly long positions on both cryptos and stocks.
I took profit on some short positions on stocks.
I will make changes to the asset allocation, depending on the market’s next direction.
I am planning to open new positions this month and I will use 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

Last month some banks in US and Europe collapsed, but central banks took action immediately to save them and restore stability in the market.
The FED Balance sheet increased because they injected liquidity into the system.
This has been seen as a positive sign by investors who feel more bullish now.
Inflation in the US and Europe is coming down, so investors believe that the FED is close to a pivot in monetary policy and some are even expecting rate cuts this year.
On the technical side, stock indices and many cryptos are trading above their 200-day moving average.
This is a bullish sign.

My opinion

The FED is keeping a restrictive monetary policy, while investors are thinking ahead and already pricing in a turn in the monetary policy.
For this reason, stocks rallied last month.
Bitcoin and cryptos also rallied last month, showing that investors are also moving their money into assets outside the traditional financial system.
It’s difficult to know if we have already reached a bottom in stocks and cryptos or if a black swan event will push prices down again in the short term.
For this reason, I remain cautious, but at the same time, I am planning to increase my exposure to gold, silver and bitcoin, which I think will perform well in the upcoming months, no matter what will happen.
I will use part of my balance for this, but I am not going all in.
I will keep monitoring the market every day 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 325 people are investing in my portfolio.
I am managing a total of around $350,000.
The risk score of my portfolio remains at 3, so very low.
In the past 2 years, my portfolio has made more than 90% profit.

Asset Allocation

The current asset allocation of my portfolio is:

  • ETFs: 20%
  • Cryptos: 22%
  • Stocks: 1%
  • Cash: 57%

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 liked this video, please press the like button and subscribe to my channel.
If you have any questions, you can contact me on eToro or my social media accounts.
Follow me for more updates and videos like this.
Hope you have an amazing day.
See you in the next video. Bye.

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

Crypto Investing Risk Warning

Crypto assets are highly volatile. Your capital is at risk.
Don’t invest unless you’re prepared to lose all the money you invest.
This is a high-risk investment, and you should not expect to be protected if something goes wrong.

Read the full disclaimer



Author: Vincenzo Stefanini
Founder at Osom One Digital Agency. Personal Finance, Investing, Money and Motivation