February 2023 eToro Portfolio Update

  • 1 March 2023
  • Posted by: Vincenzo Stefanini
  • Categories: Investing & Trading, Money
No Comments

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 February 2023 eToro Portfolio Update.
My name is Vincenzo Stefanini and my eToro username is vincenzost.

Portfolio’s Performance

In February my portfolio closed with a profit of 1.15%.
So far, this year, my portfolio is in a profit of 0.63%.
I know that for many of you, the copy is still negative.
In this case, I recommend being patient and keeping the copy open for the long term.
I’m expecting to close this year in profit.
Now is a good time if you want to add more funds to the copy.

Portfolio’s Strategy

February has been a negative month for stocks and slightly positive for crypto.
My portfolio closed positive because I have long positions in cryptos and short positions in 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 waiting before opening new positions.
I have cash available in my balance to use for new trades.
Anyway, 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 is doing well at the moment.
Inflation remains high and also employment is very high.
However, good news for the economy is bad news for stocks and cryptos.
This is because the FED is trying to reduce inflation by increasing the interest rates, which is negative for risky assets.
The Federal Reserve said that more rate increases are coming this year and that there won’t be rate cuts in the short term once they stop raising rates.
On the technical side, stock indices are now trading just above their 200-day moving average.
If the price can remain above it, it will be a bullish sign.
If instead, the price breaks below it, we can expect new selling pressure and lower prices.

My opinion

Everyone is wondering if we are already in a bull market or if this was just a bear market rally.
Based on the FED’s monetary policy and the economy’s current status, I believe that the major bottom in stocks and crypto markets has yet to come.
Investors are too optimistic right now, in my opinion.
We are not in a bull market yet and it’s not the time to go all in on crypto and stocks.
In fact, I think that this is just a bear market rally fueled by short coverings in stocks and liquidation in crypto.
Inflation is decreasing, which is good, but it still remains high and it’s possible to see another spike in inflation because of the reopening in China.
It’s possible that the US economy will fall into a recession because the monetary policy is very restrictive.
Also, we haven’t reached a proper capitulation in stocks and cryptos.
So, I remain cautious for the time being but still will 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 335 people are investing in my portfolio.
I am managing a total of around $350,000.
The risk score of my portfolio dropped to 3, which is great.
In the past 2 years, my portfolio has made about 90% profit.

Asset Allocation

The current asset allocation of my portfolio is:

  • ETFs: 27%
  • Cryptos: 20%
  • Stocks: 1%
  • Cash: 52%

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

eToro Disclaimer

eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. {etoroCFDrisk}% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

This communication is intended for information and educational purposes only and should not be considered investment advice or investment recommendation. Past performance is not an indication of future results.

Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.

Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.

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

Partners: Osom One, Vincenzo Stefanini, Federica Montella, Crypto Breaking, Visit Tenerife, White Shop, Soccavo Magazine, Leggo Fuorigrotta, Night Awards, Capodanno Napoli, Come To Dubai