Saturday Savers Club Progress week 11 - HBD and HIVE trading is still going strong

8 months ago

Its week 11 (16/03/24) 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 - We took a walk up to the reservoirs in the hills above Edinburgh a few days back. The first time we have been there this year. Quite nice, although a little wet.

Weekly Investment Focus

There was a lot of volatility in the price of HIVE again this week due to BTC continuing to go on the rampage. So again my main focus was on HBD:HIVE trading, which went really well - with a total of 68 trades going through !

Weekly Stats

Weekly commentary

HP Gain: I gained +54 HP this week, which is about right for my activity last week. I normally convert any HBD post payments into HIVE and power that up too, but instead I've continued to add the HBD to my trading fund for HBD:HIVE trading as that has been going so well this last few weeks,
HP Passive: 15.59 of my HP gain this week came from curation (+9.22 HP, not really passive) and HP APR (+6.37 HP - based on the current HP APR of 2.78%). Both are a little down again this week, but its still a nice weekly contribution,
HP goal: My HP total now stands at 11914 HP and I need a further 6586 HP to hit my primary goal of 18500 HP. At 41 weeks to go, that requires 159 per week (an increase of 3 HP), which is pretty steep and will be quite a challenge, especially if I keep having weeks where I have low activity,
HP delegation to @eds-vote: My HP delegation to @eds-vote increased by +6HP to 2116 HP. I need to delegate another 884 to hit my secondary target to raise my total delegation to 3000 HP. That will require an average of 21 HP delegated per week to hit it, which I should achieve,
HP delegation to curation accounts: I delegated another +5HP to @curangel to bring that total to 200. The aim to to take that to 250 HP - only 50 to go now !,
HP delegation to curation accounts: The main aim of these community delegations is to support these great curation accounts that have 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,
EDS: I gained +2.4 EDS. My 2116 HP delegation to @eds-vote brought in 1.65 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 0.03 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 had another great week of trading. There was a lot of volatility again with the price of HIVE ranging from $0.4459 through to $0.5251. It bounced around quite a few times in that range which also helped. As such I made a total of 68 trades, with a gain in the region of 201 HIVE. I was very happy with that indeed. Interestingly the price of BTC hasnt moved higher - its been floating in the $68-73k region, and hence HIVE is been floating around in its corresponding region too. There seems to be a lot of confidence in BTC going higher due to the approaching halving, so we'll see what happens in the coming weeks.

Plan for the coming week

Regular Posting: To continue to make sure I post daily/regularly to ensure daily HBD and HIVE author rewards (although I havent been managing so well on this front since the start of the year, so I need to get back into the rhythm).
**Posting via Inleo: ** I've been actively using Inleo more for posting which should help give a boost to my LEO income, especially with the Leo-ADs initiative now kicking in. I'm also considering trying premium at some point, but will wait until I'm more active again as I dont want to waste it,
Curation: To be active in HIVE Blog curation to help with HIVE curation rewards. My curation is mostly manual and I mostly 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. I want to boost my trading pots in a few key areas, which should help me over the long run to increase gains. 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 5 HP (it all counts !),
HP delegation to curation accounts: This weeks delegation of 10% of my weekly HP income to community curation accounts will add a further 5 HP to my @curangel delegation.

Summary

In summary, I was happy with a 54 HP gain considering that my main focus was on HBD:HIVE trading. The trading gain was great, and I'll continue to focus on trading in the coming week assuming we will continue to see nice volatility in the market.

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'm due another rebalance and will see if I can manage to do that before the weekend is out. I'm also getting close to the point of also being able to delegate HP on that account for additional curation income related to the 8 tribe tokens. So it will be interesting to see how that also helps things. 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 now ! 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 4 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 !