October 2024 eToro Portfolio Update (vincenzost)

Popular Investor Statistics

I am a Champion Popular Investor on eToro, awaiting the required minimum AUC to upgrade to the Elite level.
My username is vincenzost and 164 people are currently investing in my portfolio.
The assets under copy are between $300,000 and $1,000,000 and my portfolio has a risk score of 6 (medium).
Over the past five years, my portfolio has achieved an impressive profit of over 565% (more than 6x the initial capital invested).
You can view my latest Factsheet at https://bullaware.com/factsheet/vincenzost

Portfolio Performance

October 2024 has been a mixed month for cryptocurrencies.
Bitcoin rallied 10% but Ethereum dropped by over 3%.
The majority of Altcoins dropped but crypto-related stocks increased in value, resulting in a 1.87% profit in my portfolio for October.
My portfolio’s annual performance is positive at +6.90%.

Asset Allocation

The current asset allocation of my portfolio is as follows:

• 61% Cryptos (decreased compared to last month)
• 1% ETFs (no change compared to last month)
• 19% Stocks (increased compared to last month)
• 19% Cash in balance (decreased compared to last month)

Market Forecast

In October 2024, the cryptocurrency market showed mixed performance.
Bitcoin (BTC) initially benefited from positive macroeconomic conditions, such as China’s interest rate cuts and encouraging signs from the U.S. Federal Reserve, resulting in an early rally. BTC gained around 15% by mid-month but faced volatility as profit-taking ensued, although institutional interest continued to support its price. Ethereum remained under pressure, with market activity increasingly dominated by Bitcoin, and altcoins generally saw only mild traction due to risk-averse investor sentiment. The influence of high-volume options trading also led to reduced price stability across major assets.

For November and December, crypto markets could see increased volatility as macroeconomic factors, such as U.S. election results and interest rate speculations, come into play. However, the last 3 months of the year are historically positive for the crypto market, so we can expect more gains until the end of the year.

I remain very bullish on cryptocurrencies for this year and the next, firmly believing that we are in a bull market that will continue through 2024 and 2025.
Now is still a good time to buy and accumulate for the long term, in my opinion, but don’t wait more because it might be too late!
So, start investing now or consider adding more funds to the copy!

Portfolio Strategy

In the past months, I have optimized my portfolio, increasing exposure to altcoins and crypto-related stocks to maximize profits during this new crypto bull market.
In October, I made no changes to the portfolio.
I still have some buy orders already placed on altcoins, in case the prices will drop again, but if they won’t be filled it’s fine anyway.
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 $400,000
• 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!

Get Started

If you want to join, create a new account on eToro via this link and view my eToro profile.