July 2024 eToro Portfolio Update (vincenzost)
- 2 August 2024
- Posted by: Vincenzo Stefanini
- Categories: Investing & Trading, Money
Popular Investor Statistics
I am a Champion Popular Investor on eToro, eagerly awaiting an upgrade to Elite status as I approach the required minimum AUC.
My username is vincenzost and about 183 people are currently investing in my portfolio.
I manage approximately $270,000 and my portfolio has a risk score of 6 (medium).
Over the past five years, my portfolio has achieved an impressive profit of over 396% (5x the initial capital invested).
Portfolio Performance
July 2024 was a negative month for cryptocurrencies.
Bitcoin dropped by 2.64% and Ethereum fell by over 3.96%.
Altcoins and crypto-related stocks also declined in value, resulting in a slight 0.59% decrease in my portfolio for July.
Despite this setback, my portfolio is still up by 8.07% for the year.
Market Forecast
In July 2024, the cryptocurrency market experienced a decline.
This downturn was primarily due to increased token unlocks from Mt. Gox and negative sentiment from unresolved regulatory uncertainties.
Despite this dip, the outlook for the upcoming months remains bullish.
The approval of the Ethereum ETF and potential Solana ETF, coupled with Donald Trump‘s proposal to establish a strategic Bitcoin reserve, have reinvigorated investor confidence.
I remain very bullish on cryptocurrencies for this year and the next, firmly believing that we are still in a bull market that will continue through 2024 and 2025.
Now is an opportune time to buy and accumulate for the long term, in my opinion.
So, take advantage of this price drop and start investing now!
Asset Allocation
The current asset allocation of my portfolio is as follows:
- 54% Cryptos (no change compared to last month)
- 1% ETFs (no change compared to last month)
- 14% Stocks (no change compared to last month)
- 31% Cash in balance (no change compared to last month)
Portfolio Strategy
In recent months, I have optimized my portfolio, increasing exposure to altcoins and crypto-related stocks to maximize profits during this new crypto bull market.
In July, I opened new long positions in Arbitrum (ARB), Ethereum Classic (ETC), Near Protocol (NEAR) and Celestia (TIA) and closed some profitable positions.
If you are already a copier, keep your copy open and add new funds monthly.
Remember, this is a long-term investment for at least the next two years.
If you’re not yet copying my portfolio, now is a great time to start.
I recommend investing at least $2,000 and if you have invested less, consider adding more funds to your copy now.
Goals
My goals for 2024 are:
- Increase assets under management to over $500,000
- Maintain a medium risk score (max 6)
- Post regularly on my eToro feed and social media
- Outperform Bitcoin
Contacts
If you have any questions, feel free to contact me on eToro or through my social media accounts. Follow me for more updates. Have an amazing day!
Copy My Portfolio
If you want to invest in my portfolio, follow these steps:
- Create a new account on eToro via this link
- Go to my eToro profile
- Click on COPY
Happy investing!
