Capital can fall. By a great deal.

Paolo Barisiello is a Popular Investor on eToro. The portfolio described is his, invested for his own account and made visible by the platform. This site is not eToro and it is not an intermediary.

The content is informational and educational. It does not constitute investment advice, neither personalised nor general advice dressed up as a tip. It is not a solicitation, an offer to the public, or a recommendation to buy, sell or copy an instrument.

It is not a portfolio-management service. No third-party capital is collected, held, administered or moved through this site. Anyone who chooses copy trading does so only on their own eToro account, under the contracts of that platform. Copy trading does not amount to advice.

The statistics are expressed in percentage terms. They come from public data on the profile and may be revised by the platform, may differ from one window to another, and do not include your actual experience of copying. Past performance is not indicative of future results.

The value of investments can rise or fall. You can lose the whole of the capital you allocate. Options can expire worthless. I do not use leverage: it is zero. Costs, tax, foreign exchange and execution times are not reflected uniformly in the percentages shown.

The courses and the sessions are educational. They do not produce an individual investment plan and they do not replace an adviser or an intermediary authorised in your country. The list price is the one published here and may change before confirmation. Payment does not take place on these pages.

Third-party trade marks, including eToro and the names of the instruments, remain the property of their respective owners. The reference to the S&P 500 is a qualitative point of comparison stated on the profile, not a certified official benchmark and not a guaranteed objective.