- 1 November 2023
- Posted by: Vincenzo Stefanini
- Categories: Investing & Trading, Money
This is the October 2023 eToro Portfolio Update.
Table of Contents
PI Statistics
I am an Elite Popular Investor at eToro.
My username is vincenzost.
Currently, about 270 people are investing in my portfolio.
I am managing a total of around $320,000.
The risk score of my portfolio is 4, which is good.
In the past 2 years, my portfolio has made about 86% profit.
Portfolio’s Performance
October has been a positive month for cryptos, especially for Bitcoin, but negative for the US stock market.
My portfolio closed with a profit of almost 6%.
This has been my best month this year!
Market Forecast
I remain very bullish on cryptos.
The next 2 months until the end of the year are historically bullish for both cryptos and stocks.
The Bitcoin halving will happen in the next 5 months.
Multiple Bitcoin Spot ETFs are going to be approved soon in the US, before the halving.
Also, an Ethereum ETF should be approved.
This will allow also institutions to invest in Bitcoin and increase its adoption.
That is great news.
More regulations are coming, which is positive and big companies like Microstrategy are continuing to invest in Bitcoin.
We are entering the new bull market which will continue in 2024 and 2025.
So, NOW is the time to buy and accumulate for the long term, don’t wait. I am telling you.
Asset Allocation
The current asset allocation of my portfolio is as follows:
- 39% Cryptos
- 16% ETFs
- 5% Stocks
- 40% Cash in balance
Portfolio’s Strategy
I am gradually optimizing the portfolio.
I have closed in profit some positions in stocks and ETFs and I have opened new positions.
I am planning to increase my exposure to cryptos and altcoins.
I am also adding some positions on crypto mining stocks.
This rebalance will make sure that we will profit in the best way in this new crypto bull market.
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, for the next 2 years.
If you are not copying my portfolio, now is a great time to start investing.
I recommend investing at least $2,000. If you have invested less, consider adding more funds to the copy now.
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
