ONE YEAR ANNIVERSARY
Today is the last day of May 2021. And I have been using eToro as my platform for investing in USA and Hong Kong companies since May 2020.
May 2021 is the one year anniversary of me using eToro to invest companies listed in USA and Hong Kong.
CRYPTOCURRENCY
Lately in may 2021, I looked into and invested in cryptocurrency. The reason of my investment into cryptocurrency is simple, I strongly believe that XRP can potentially turn into a valuable “currency” in the next few years because cryptocurrency may be potentially the future due to its demand and innovation.
Though governments all the around the world have been regulating and limiting the usage of cryptocurrency to the prevent the act of money laundering or other illegal activity, one cannot deny the fact that there are demand in cryptocurrency usage (in legal and ethical manner). Every new innovation requires time for the society to adapt and regulate.
CONCLUSION
To mitigate its high volatility of cryptocurrency, I only used 2.5% of total value (at that material time) of my portfolio to invest in XRP. Though XRP in my portfolio is currently down by 40%, such risk has been mitigated through my others investment in companies shares investment.
RESULTS
Since the inception of our fund in May 2020, we have been up close to 43.11%. We are still able to maintain our risk level at 4 as can be seen from the “average risk score”.
Stay safe.
Norman
MNMLH
31.05.2021
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