Account Update, Delegations and More

in #hive-1400848 months ago

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This post is not financial advice . if you decide to follow what I am doing you do so at your own risk.

For people new to this profile -this account is a fundraising account. The funds earned are donated to charities that support, engage in research and outreach for people with debilitating chronic illnesses/disabilities.

Delegations

A couple of things to report. First thing is when this account was created I was lucky enough to have a buddy delegate a lot of Hive Power to get it going. That delegation was always temporary and that delegation has been removed (for now).

Nothing bad happened . Just life circumstances.

The second thing I want to talk about is delegations going out. For the past few months I have been slowly increasing the delegation to dhedge. I have now un delegated that. Mostly because the lack of communication regarding dhedge/dvs. This is a known issue and nothing had been done to address it and I like to have communication at least regular updates from projects I am involved with. Frankly I am too sick to try to hunt down information about what is happening with that project.

I may also unstake the dvs I have staked. I have not made any final decisions on that yet. If I do unstake it I will likely sell off half or more and put it into the liquidity pool and see what happens.

I have decided to continue to delegate however I will be delegating HP to leo.voter at least for the time being. I will use the earnings from the delegation to build up this account. I will likely delegate a good portion to @lolztoken
I also may delegate some HP to SBI.

As a disabled person myself it is important that I increase the amount of passive income be it from staking, delegating, liquidity pools ,curating etc.

In the last account update I announced that donations will likely be done quarterly instead of monthly. This is especially true with the loss of the delegation the income on this account is not as high. I can't post any more often than I already do.I am posting more than I can sustain due to my illnesses.this is not a complaint, just stating facts.I am so grateful to those who have delegated and help sustain this account.

Balancing this account to set it up for passive earnings while also withdrawing funds to donate to charity is challenging but I will figure out the best way to balance it all.

I actually like strategizing and trying out new things.

Thanks for reading :)

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At the moment I am keeping (nearly) all my Hive Power in my own account for curating others. By delegating, I could probably receive higher rewards, but I prefer to build up my upvotes towards a point they are more meaningfull. I believe that in the end, this curation will help me build out my Hive account more than just earning a higher apr by delegating. Ofcourse just wanted to outline my strategy and everyone has his own :)

Thanks for sharing yours in this post!

I am kinda of doing both (more so on my main account than this one). I am delegating while also increasing HP over time for curating. My long term goal is to get more HP and delegations on average earn higher returns which speeds this up.

Hey! Sorry to hear you lost the big delegation.

Yeah, I gave up on DVS too. Makes me think maybe I need to go ahead with my @magicbeans project to give folks an alternative.

!lolz

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