Diversification as an essential concept is often associated with achieving investment success. In the cryptocurrency world, many enthusiasts have mountains of altcoins in their portfolios. Despite its proven effectiveness, Irish crypto trader Mark Kelly prefers a portfolio with only a few assets, and this strategy paid off big last year.
With a stunning gain of 719.79 percent, Mark has more than proven his expertise in the crypto landscape. The eToro trading platform offers users the unique opportunity to follow and copy Mark and thousands of other traders. This way you can make the same profit effortlessly.
“Focused Portfolio”, 100% Solana
As written in his own profile on eToro, Mark challenges the accepted investing norms. “Having 20 to 40 stocks in a portfolio is for people who don’t know what they’re doing,” Mark said.
Mark chooses “quality over quantity” and wants to own no more than 4 assets. He takes the time to thoroughly research each asset. This is of course much more difficult with an extensive portfolio.
According to Mark, a focused portfolio carries less risk. “Careful selection helps manage volatility,” he writes.
His portfolio has consisted exclusively of Solana (SOL) for three months. He has high expectations for the Layer 1 blockchain and wants to maximize its possible upside potential.
719% profit, follow and copy
As mentioned, Mark achieved a bizarre 719.79 percent profit last year. His unconventional approach has clearly paid off.
However, for such a strategy it is very important that you know exactly what you are doing. Mark constantly keeps an eye on the projects in which he has invested his money and therefore invests a lot of time in them.
For a typical investor who is unable to invest hours every day in their investment portfolio, this is not a viable strategy.
Would you like to benefit from Mark’s expertise without any effort? You can use this link to create a free account with eToro and easily accept all transactions from Mark or thousands of other traders.