Steven Budgen @Bees84: "🤝💼📊 eToro Popular Investor Summit 💸💰..."

Singapore

🤝💼📊 eToro Popular Investor Summit 💸💰 Liquidity 📦💻🛍️ Amazon 🤷‍♂️ Short Position Progress 🪙 Crypto 𝗧𝗵𝗲 𝗲𝗧𝗼𝗿𝗼 𝗣𝗼𝗽𝘂𝗹𝗮𝗿 𝗜𝗻𝘃𝗲𝘀𝘁𝗼𝗿 𝟮𝟬𝟮𝟱 𝗦𝘂𝗺𝗺𝗶𝘁 𝗶𝗻 𝗖𝘆𝗽𝗿𝘂𝘀 I had the pleasure to attend the eToro Popular Investor 2025 Summit in Limassol, Cyprus this week. It was a pleasure to meet up with over 200 Popular Investors who are some of the smartest people and investors I have ever met. The amount of people that are driving long term results/Profits for their copiers well in excess of what the ''norm'' is on Wall Street is staggering. All with unique strategies that complement each other. The connection I continue to make with both other Popular Investors and eToro staff will be long lasting. I look forward to next years Popular Investor Summit & meeting all again somewhere in the world. I am proud to be part of the future of eToro. 𝗟𝗶𝗾𝘂𝗶𝗱𝗶𝘁𝘆 / 𝗚𝗼𝘃𝗲𝗿𝗻𝗺𝗲𝗻𝘁 𝗦𝗵𝘂𝘁 𝗱𝗼𝘄𝗻 At the moment, the government in the US is shut down which stops spending and liquidity is drained from markets. Its on course to be the longest government shut down in history. They prepare for the shutdown by putting money into the General Account which causes a dip in liquidity. But this does rebound quite fast and expect there to be an explosion once reopened. This has an impact on risk assets as liquidity tightens but we should see the opposite once it reopens. This should be good for our risk on stocks and assets. 𝗔𝗺𝗮𝘇𝗼𝗻 𝗘𝗮𝗿𝗻𝗶𝗻𝗴𝘀 $AMZN (Amazon.com Inc) which is one of largest holdings in our portfolio reported better than expected earnings and revenue for its third quarter, with a strong performance from its cloud-computing division. This was further fueled by strong retail sales and ongoing growth in its Amazon Web Services cloud division Amazon's net income increased to $21.2 billion, compared with $15.3 billion in the year before period. Net sales increased 13% to $180.2 billion in the third quarter, topping estimates of $177.8 billion. North America segment sales increased 11% year over year to $106.3 billion. International segment sales increased 14% year over year to $40.9 billion. In a portfolio which is not tech heavy (due to the over valuations of tech stocks during this period and correlation to Crypto (a part of my portfolio) but I feel Amazon is a bit different due to the diversity of their services and there leadership in the market. They are simply a powerhous we need to own. 𝗦𝗵𝗼𝗿𝘁 𝗣𝗼𝘀𝗶𝘁𝗶𝗼𝗻𝘀 𝗨𝗽𝗱𝗮𝘁𝗲𝘀 I made a decision a month or two ago that I was going to add a few short positions in small weighting to our portfolio. Its just where I think we are in the cycle, valuations are getting a bit frothy and thus although I dont anticipate a big correction the chances do increase the higher the price goes. I therefore have taken small short positions in $EBAY (eBay) (+9% up on this position), $BBW (Build-A-Bear Workshop Inc) (I am up +24% on this position) and $IREN (Iris Energy Ltd) (close to flat). These are companies that have had massive gains over the last few years & I think they are due large pullbacks. If I take short position in my portfolio it is because I see short term opportunities or to act as a hedge or uncorrelated from the rest of the portfolio. This helps us weather some volatility. Do not mistake this with market bearishness. Sometimes its just sensible portfolio management. and always do this with low weighting positions rather than significant part of the portfolio. 𝗖𝗿𝘆𝗽𝘁𝗼 What an Up and down October for Crypto! Trading around $110,000, $BTC is showing some resilience after the first red month in 7 months dropping only -3.35%.The slide,which is the first negative October since 2015, was mainly due to macro headaches like escalating U.S.-China tariff tensions and a brutal flash crash early this month that liquidated $19 billion and nuked over 1.6 million traders' positions. It also was due to the liquidity issues due to the government shutdown I mentioned above which impacted ''risk on'' positions. Bitcoin stayed resilient regardless. Spot Bitcoin ETFs cooled off after record inflows of $931 million in October alone, but cumulative year to date hauls hit $9.4 billion since the Fed's rate cuts kicked in. With regard to altcoins, the focus this week was about ETFs. $SOL pulled in $381 million in institutional flows, more than every other altcoin combined. $ETH wasn't far behind, with whales quietly stacking $18.5 million worth, rotating from Solana in a vote of confidence for ETH's scalability upgrades. One of our key holdings $HBAR got approval for an ETF and this should make it a lot easier for capital to rotate into top altcoins from bitcoin or new capital over the next few months. Thanks for your trust in the portfolio. I look forward to a big Q4 for our portfolio. Many Thanks Steven (bees84) I am expecting a big leg up in Q4 for altcoins and think our holdings our well poised to take advantage of this.