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Hello, welcome to the May 2022 eToro Portfolio Update.
My name is Vincenzo Stefanini and my eToro username is vincenzost.
May has been a negative month for my portfolio.
It was down 10%.
So far, this year my portfolio is still negative, but this is normal. As you can see from the past, some months are positive and others are negative. I’m confident that we can still close this year in profit, so please be patient and keep the copy open for the long term.
As I mentioned, May has been a negative month.
This is due to the announcement of the Federal Reserve to keep increasing gradually the interest rates and to start the tapering of the balance sheet, in order to calm down the high inflation.
This brought down the crypto market and also the stock market.
I made a few changes to the portfolio, in order to reduce the drawdown and take advantage of this drop.
I opened new hedge and short positions and also I have increased my exposure to Gold and Silver.
I closed some positions in profit on cryptos and stocks.
Despite this, I still have plenty of cash available in balance to use when there is an opportunity.
I’m still expecting this year to be volatile for all asset classes, due to inflation, the central banks’ monetary policy changes and the war in Ukraine.
However, I am confident that we can still make a profit this year.
I am going to take advantage of this drop in the market and make a profit on the downside.
So, if you are already a copier, remain calm and keep the copy open.
Remember that this is an investment for the long term.
So even if in the short term my portfolio goes down, in the long term my portfolio has always made a profit.
I am an Elite Popular Investor on eToro.
Currently, 420 people are investing in my portfolio.
I am managing in total around $450,000.
Some investors have stopped the copy last month, I think because they are scared of the drop in the market, however, selling at loss is not beneficial. Instead, if your copy is down a lot, consider adding more funds to the copy. In this way, you will reduce the average buying price and therefore make more profit once the market recovers. Remember that you are not really losing if you don’t sell and the market always recovered in the long term, so, if you can wait, it’s better to keep the copy open.
My goals are:
- to keep the risk score to 5
- to adapt the portfolio to the current market conditions in order to reduce the drawdown
- to close this year in profit
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Hope you have an amazing day.
See you in the next video. Bye.
Popular Investor presso eToro