May 2024 eToro Portfolio Update (vincenzost)
Popular Investor Statistics
I am a Champion Popular Investor at eToro, waiting to be upgraded again to Elite very soon, once I reach the minimum amount of AUC.
My username is vincenzost.
Currently, about 200 people are investing in my portfolio.
I am managing around $320,000.
The risk score of my portfolio is 6.
In the last 5 years, my portfolio has made more than 400% profit (5x the capital invested), which is amazing!
Portfolios Performance
May 2024 has been a positive month for cryptos and stocks.
Bitcoin jumped 11% and Ethereum rose almost 25% in May.
Altcoins and crypto-related stocks have also increased in value but in a small percentage.
For this reason, my portfolio closed the month of May with a profit of almost 10%.
My portfolio this year is in profit of 21.51%.
Market Forecast
May marked a period of recovery for the crypto market after a sharp selloff in late April.
The optimism was fueled by news related to ETH ETF approval and potential changes in US crypto regulation policy.
BTC ETF inflows continue to impact its growth.
Total crypto market capitalisation increased by 13.3% in May, reaching $2.55T.
Solana (SOL) and Ethereum (ETH) showed the largest gains among the top 10 crypto assets.
Altcoins, however, did not show impressive growth, reflecting BTC dominance staying above 50% in 2024.
We can expect the Bitcoin price to potentially rally to $80K by the end of June and ETH is showing extreme potential to reach $5K by Junes end.
This is based on the hope that the Federal Reserves progress on inflation will lead to a soft landing for the U.S. economy and potential interest rate cuts in H2 2024.
I personally remain very bullish on cryptos for this year and the next year.
We are still in a bull market which will continue in 2024 and 2025.
So, NOW is the time to buy and accumulate for the long term, dont wait. This price drop is a great buying opportunity!
Dont wait any more. Start investing now!
Asset Allocation
The current asset allocation of my portfolio is as follows:
- 57% Cryptos (increased compared to last month)
- 4% ETFs (no change compared to last month)
- 14% Stocks (no change compared to last month)
- 25% Cash in balance (decreased compared to last month)
Portfolios Strategy
I have optimised my portfolio in the past few months.
Overall, I have increased my exposure to altcoins and crypto-related stocks.
This rebalance will make sure that we will profit in the best way in this new crypto bull market.
Specifically, in May I opened new positions long on Ethereum and Coinbase.
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 at least 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 2024 are:
- increase the assets under management to over $500,000
- to keep the risk score to medium (max. 6)
- post regularly on my eToro feed and my social media
- outperform Bitcoin
Contacts
If you have any questions, you can contact me on eToro or my social media accounts.
Follow me for more updates like this.
I 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
The post May 2024 eToro Portfolio Update (vincenzost) appeared first on Vincenzo Stefanini.
Source: VincenzoStefanini.it
The post May 2024 eToro Portfolio Update (vincenzost) appeared first on Crypto Breaking News.
Read more: https://www.cryptobreaking.com/may-2024-etoro-portfolio-update-vincenzost/
Text source: Crypto Breaking News
