Performance overview

In the first 23 days of the month, the crypto market experienced a gradual decline with a loss of -13.3%. During this time, however, Solidum Cautus had over 70% of the total portfolio invested in stablecoins, which mitigated our losses to only -1.99%. On the 24th, the majority of the crypto market started to rapidly shift to positive numbers, with some cryptocurrencies hitting a 30% gain, on that single day.

Warren Buffett

Please, read our Monthly Crypto Commentary for greater insight into October’s crypto market.

By the end of the month, our Investment Committee increased the allocation of active investments to 50% of the total portfolio, thus allowing the portfolio to capture some of the market returns. After the rally, the market proceeded to consolidate and ended the month with a positive monthly performance of 4.31%.

The-SP-500-performance-without-dividends: 1-January-2008–31-December-2017

Some holdings in the portfolio recorded a remarkable monthly performance, namely ChainLink (+55.68%), NEO (+39.74%), and Binance Coin (+26.10%). In general, altcoins in the Solidum Cautus portfolio performed better than Bitcoin. Altcoins had an average monthly performance of 15.68%, whereas Bitcoin gained 10.92% in October.

By the end of October, Solidum Cautus allocated 50.6% of the portfolio to stablecoins and 49.4% to active investments. As a result, the portfolio managed to mitigate losses during the first 23 days of the market decline, while also realizing some returns at the end of the month. Solidum Cautus ended the month outperforming the crypto market, with a monthly gain of 4.33%.

Portfolio activity

On 28 October, the Investment Committee decided to reduce the allocation of stablecoins from 70% to 50%, thus increasing the portfolio’s exposure to active investments. This decision allowed the opportunity to capture some of the market gains at the end of October.

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DISCLAIMER: This article is for informational and discussion purposes only and does not constitute a marketing message, an investment survey, an investment recommendation, or investment advice. The article was prepared exclusively for a better understanding of market dynamics.

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