Turning a $3800 portfolio into $1M in 30 years
Issue #12 - The BIGGEST month of the year (and second biggest on record) 🚀
Welcome👋🏽
Here’s what you may have missed in the last month💡
‘Selling the Top’ series
My Sh**coin Exit Playbook
⚠️ DISCLAIMER ⚠️
The content provided by PROJECT 10X PTY LTD (Filip Brnadic) is for educational purposes only and is not financial or investment advice. PROJECT 10X PTY LTD is not a licensed financial adviser under Australian law.
Investing involves risk, including the potential loss of all funds. Seek independent advice before making any financial decisions.
What is this newsletter series about? 🤔
This newsletter series tracks me turning a single $3800 investment into $1M in 30 years through my public investment portfolio.
Why? To show folks in a completely public and verifiable way that you, too, can turn a small amount of money into a lot of money with the right strategy and a long enough time horizon.
and if you CBF implementing a strategy of your own, perhaps this series will give you the confidence to copy trade the PROJECT 10X portfolio… like this copier 👇
or this one 👇
or this one 👇
or this one 👇
Anyway, I think you get my point.
To reach $1M in 30 years, I need a 19% annualised return—the same as Warren Buffett achieved over his investing career.
Easy? Fu** no.
Probable? Nah.
I will say that I’ve got a trick up my sleeve that old man Buffett didn’t.
Crypto.
If you’ve been reading for a while and still think, “This is dumb because crypto is a scam”, that’s ok. I’m not here to change your mind. I’ll just show you my (future) Lambo.
Just kidding - I ain’t spending $500K on a Lambo…..when I could spend it on a Porsche 911 GT3 RS.
Now, where was I? Oh, right. The newsletter.
This newsletter series serves as
my macro view
a highlight of my portfolio changes
and a check-in on how we’re tracking towards the $1M goal.
So, let’s get straight into it.
Macro 📚
I’ll start with the current and future macroeconomic landscape, as it is a key driver of asset prices.
Equities continue their strong momentum, with both the NASDAQ and the S&P500 at all-time highs (ATH)
this momentum is supported by elevated valuations, expectations of fiscal stimulus under the Trump administration and seasonality trends, with late November to late December being the most bullish for US equities 👇
Crypto markets are surging, with Bitcoin cracking $100K amid institutional adoption, regulatory optimism, and normies entering 👇
If you don’t think normies are entering, one of my friend’s child’s teachers has made $1M off of crypto this bull run 😅
The US dollar remains strong, traditionally a headwind for tech equities and crypto, given the inverse correlation since 2017 👇
Key Macro Themes for 2025
Fiscal and Regulatory Dynamics:
anticipated tax cuts and deregulation under the Trump administration are fuelling bullish sentiment, particularly in equities, financials, and crypto.
crypto markets are also benefitting from a pro-crypto regulatory outlook.
Monetary Policy Shifts:
the FED is considering abandoning flexible inflation targeting, which could involve tightening monetary policy sooner. If these changes are implemented, the FED could become more hawkish, particularly if inflationary pressures persist into 2025.
Global Divergence:
weakness in the Eurozone, driven by poor PMI data, energy costs, and geopolitical risks, contrasts sharply with US ‘excellence’ - This is obviously bearish for European equities, but it’s certainly not a headwind for the assets I’m allocated to in my public eToro portfolio (i.e. US tech and crypto).
Geopolitical Risks:
heightened tensions in Ukraine and rising gas prices in Europe are pressuring the Euro, while safe-haven flows support the US dollar.
Risks I’m watching:
inflationary pressures from fiscal stimulus and deregulation could prompt a more hawkish FED stance than markets have currently priced in (this has clearly not been priced in with US equities at ATH).
positioning and general sentiment is the most bullish it has been this year as investors lean into riskier assets 👇
While this can drive prices higher in the short term, it also increases the likelihood of a sentiment-driven pullback if conditions (economic data, geopolitical events) suddenly worsen. For reference, consumer confidence in stock prices is sitting at the highest it has ever been. I don't know about you, but I don’t want to be on the same side as 'the herd' for too long, and that's exactly what the data is starting to show 👇
Portfolio 📉
“We were busy in November”
is probably an understatement.
We’ve built up a decent cash position now that we have taken profits per my 20/20/60 rule.
Most of the assets have been held for > 12 months to offset the Capital Gains Tax (CGT) burden for my large Australian copier base.
Now, I’ve heard everything from
“you should buy XRP now”
to
“you sold your bags early”
To the XRP bull and fellow eTorian….I’ll say a prayer for your portfolio 🙏
On selling early….you’re absolutely right. I sold a portion of my assets early because we should never focus on selling the very tippy top of the bull run. We should focus on playing the long game, which means having a 20+ year investment time horizon.
Taking profits isn’t about fear or hesitation—it’s about discipline and strategy, and my 20/20/60 rule balances both of these traits. It is a methodical way to scale out of crypto positions, which I am doing.
Remember, these elevated prices won’t last forever. They’ll come down significantly at some point, and when they do, we’ll be ready to..
The bull run is 50% about making money and 50% about keeping it.
In terms of overall portfolio performance, we have a 53% annualised return and a YTD return of 85%.
We also had our biggest month of the year.
We started November with $1.95M AUM and 450 copiers and ended with $3.26M AUM and 592 copiers.
To the 142 new copiers, I say
Goal Tracking 📖
Background
I funded my eToro account with $3800 USD (~$5000 AUD) on 1 January 2021.
I need a 19% annualised return to turn a $3800 portfolio into $1M in 30 years.
If I achieve the required return, this portfolio will hit $1M by January 2051.
We're 5 years ahead of schedule, and outperforming a buy-and-hold BTC strategy over the same time frame.
This means that
if you invested $100K into BTC on January 2021 (when I joined eToro), you would have $330K.
if you invested $100K and copied my trades on eToro, you would have $560K.
Extrapolating my annualised return, the portfolio should hit $1M by December 2032 or in ~8 years.
I’m not saying we’ll get there. My only goal is to show you that you, too, can turn a small amount of money into a lot of money given enough time.
If you’re thinking about copying my trades and want your eToro portfolio to reach $1M at the same time, you would now have to copy with $21,367.
Or you could speed things up using a DCA strategy and make small monthly deposits.
If you decide to join eToro and copy my trades, follow the steps below to get yourself a FREE premium subscription to this newsletter to go along with it!👇🏼
This is not financial advice.
I’m just laying out the data because numbers get me GOING!
Also, this is not financial advice and is not intended to be. I’m a just degen monkey clicking keys on a keyboard.
That’s all for now.
Catch you next week.
✌🏽
Filip