Its week 22 (02/06/24) of my savings focus for 2024 with the Saturday Savers Club which is a great Hive community initiative run by @shanibeer writing as @sally-saver on the @eddie-earner account.
My goals for this year are:
- Primary goal - to increase my HP by 7500, to 18500 HP,
- Secondary goal - to increase my HP delegation to @eds-vote by 1000 HP, to 3000 HP (because I want to accumulate more of the EDS token).
I will also be continuing to increase my holding of investment tokens, and delegating HP to a number of good community curation accounts as well.
This weeks pic - There was a lovely local festival here in Edinburgh at the meadows this weekend (a large park in the city). My wife and I went for a wander around it this morning (sunday). The weather was lovely and there were loads of stalls to visit selling bric-a-brac mostly, plus loads of food vans and live music. It was quite nice. We were there early before it go to busy and really enjoyed just wandering around taking it all in.
Weekly Investment Focus
- It was HPUD yesterday (Sat 1st June). I took 37 HIVE from the top end of my HBD:HIVE trading fund where it wasnt being used currently, due to the low price of HIVE, and powered it up. It made more sense to power it up to HP so that it was atleast earning APR and curation earnings, instead of waiting for a trade to come in at $0.49 which is likely not to happen for months,
- Pinmapple curation, etc ceased at the end of May and will be sadly missed, however, @worldmappin will be taking up the mantle, led by @detlev. As such, I canceled the small 102 HP delegation I had with @pinmapple and transferred it to @worldmappin instead in order to support that initiative going forward. I will continue to add to it later in the year as part of my support for community curation accounts.
Weekly Stats
Weekly commentary
- HP Gain: I gained +71 HP during the week. This was mostly from my trading fund (as stated above) and then from APR and curation income. I wasnt very active last week so was pretty lucky to get as much as I did,
- HP Passive: 19.87 of my HP gain this week came from curation (not really passive) and HP APR. This is my highest amount to date and I'm happy seeing it rise regularly and make a difference to my weekly gains !,
- HP goal: My HP total now stands at 12758 HP and I need a further 5742 HP to hit my primary goal of 18500 HP. At 30 weeks to go, that requires 189 per week (an increase of 4 HP). Its looking doubtful as to whether I'll hit my 18.5K HP target this year - but I'll keep pushing for it,
- HP delegation to @eds-vote: My HP delegation to @eds-vote increased by +8HP to 2207 HP. I need to delegate another 793 to hit my secondary target to raise my total delegation to 3000 HP. That will require an average of 26 HP delegated per week to hit it, which I should achieve (in any case, I will do what needs to be done to hit it by the end of the year),
- HP delegation to curation accounts: I added +8 HP to my @qurator HP delegation this past week, and my total now stands at 133 HP. My goal is to have a total of 250 HP delegated to that account, so have another 117 HP to go,
- HP delegation to curation accounts: The main aim of these community delegations is to support these great curation accounts that have certainly helped me along the way to where I am now, but I'm also getting nice daily drips of HIVE as a result from @ocdb, @qurator and @curangel as they pass on their curation income to delegators, which is a nice little bonus !
I tend to reinvest those HIVE drips from the curation accounts back into my HBD:HIVE trading fund, giving a nice little synergy to growing another income stream. Its a shame to say, but pinmapple is going to stop in early June, which I will miss very much. I will remove my delegation to it at that point, and add what is there to one of the other accounts - but I will keep supporting it with that delegation until it stops, - LEO (which includes LP): I gained 32 LEO this week, which is a little lower than my 12 week rolling average of 34 LEO per week (but still a nice weekly sum). That comes from my Inelo posting and curation activity, my HP delegation to @leo-voter and also my LP delegation to @india-leo.
- HP delegation to @leo-voter: I added 1 HP (!) to my delegation to @leo-voter this week (actually it was due to HP APR growth). I do intend to add to it further later in the year (after my curation account and @eds-vote delegation targets have been completed) but am monitoring it anyway because its an important part of my LEO growth strategy,
- EDS: I gained +2.42 EDS which is a nice amount. My 2207 HP delegation to @eds-vote brought in +1.78 EDS this week. The rest of the gain seen came from the mining lottery for holding EDSMMs (I have 146 of those) and the weekly drip from holding 7 EDSD (which was 0.04 EDS this week). I selected increasing my delegation to @eds-vote as my secondary goal as I'm really keen to keep accumulating EDS, and focusing on the HP delegation works well with my primary goal of increasing my HP total,
- HBD:HIVE Trading: I only had 6 trades go through this week for a total gain of around 9 HIVE. The price is currently quite low (weekly range was from $0.327 down to $0.30) and at the limits of my trading range (so I may have to extend a little lower again to take advantage). There was not much volitivity either, and as such the opportunities for trades were pretty low (for me anyway) - so I was happy with a 9 HIVE gain.
Plan for the coming week
- Regular Posting: Regular posting (daily) is the key to HP growth. I've been a bit lax this week again, but I'll see if I can get back to more regular posting this coming week,
- Posting via Inleo: I'm continuing to post mostly using Inleo due to the extra LEO this will generate. Its making a difference, as is having Premium,
- Curation: To be active in HIVE Blog curation to help with HIVE curation rewards. I try to keep my voting mana between 80 to 90%,
- Undelegated HP: To continue to increase undelegated HP in order to improve HIVE curation rewards,
- HBD:HIVE trading: To continue with HBD:HIVE trading. I'm going to keep adding more funds to my trading capital from post payouts over the coming weeks. HBD:HIVE trading has been working well for me, so I may as well take advantage of that and try to increase the profits on my trades - increasing my trading capital will help to make that happen,
- HP delegation to @eds-vote: This weeks delegation of 10% of my weekly HP income to @eds-vote will add a further 7 HP,
- HP delegation to curation accounts: This weeks delegation of 10% of my weekly HP income to community curation accounts will add a further 7 HP to my @qurator delegation.
Summary
A gain of 71 HP was pretty good considering that I'd not been that active at all (I only managed 2 posts last week because life was getting in the way). So the main thing is that I need to get back to being more active.
My Tribe Token Investment Project
My experiment with 8 different tribe tokens on my alt account @hoosieboy is moving along nicely. The experiment is designed to grow semi-passively via staking, curation, posting and rebalancing - in a way where the methods should work together and add constructively. Everything gets re-invested back into curation accounts for the same 8 tribe tokens, so it also provides a positive boost to those tribes.
I did another rebalance yesterday (sat 1st June) and racked up another small gain due to some nice increases in the price of PIMP and CENT in particular. There has been quite a bit of turbulence in the layer-2 markets, hence is been a bit up and down of late. I'm still really enjoying the experiment because each rebalance is different due to all of the methods at play. Getting an insight to those is proving to be really interesting (to me anyway). You can check out my latest rebalance post on my @hoosieboy alt account here.
And as a reminder:
- This weeks Savers of the Week post went live on friday (here). The awards for those selected are quite nice ! We are looking for inciteful content that shows how you are saving, growing and investing. Each of the 4 nominees gets 15% of the notification post payout and 5 HSBIs - so it can work out as a nice little boost to all selected ! So make sure you are creating your weekly savings posts, and tagging them in the comments of the weekly post from susie-saver on the @eddie-earner account - you've got a very good chance of getting selected !
Interested in the Saturday Savers Club ? Check out their latest posts here.
Posted Using InLeo Alpha
