Saturday Savers Club Progress week 12 - A quietish week
Its week 12 (23/03/24) 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 - My wife and I went for a walk along the seafront just before sunset. It was a nice walk, and although the clouds looked pretty crazy, it didnt rain. There was quite a cold breeze blowing in off the sea, but it was still fine.
Weekly Investment Focus
- My main activity was around HBD:HIVE trading again. Not as much as the last few weeks, but still managed 17 trades,
- I did a scrape of spare layer2 tokens and sold them for swap-hive, and then used that to add more liquidity to the PWR:SWAP.HIVE pool. I'm using that as a method to save swap.hive for when the Holozing pack sale goes live,
- I only managed to push out 4 posts this week - time has not been on my side.
Weekly Stats
Weekly commentary
- HP Gain: I gained +43 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 these last few weeks,
- HP Passive: 15.07 of my HP gain this week came from curation (+8.49 HP, not really passive) and HP APR (+6.58 HP - based on the current HP APR of 2.86%),
- HP goal: My HP total now stands at 11957 HP and I need a further 6543 HP to hit my primary goal of 18500 HP. At 40 weeks to go, that requires 161 per week (an increase of 2 HP), which is pretty steep and will be quite a challenge, especially if I keep having weeks where I have low activity. However, I should hit 12K quite soon which will be pretty cool !,
- HP delegation to @eds-vote: My HP delegation to @eds-vote increased by +6HP to 2122 HP. I need to delegate another 878 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 205. The aim to to take that to 250 HP - only 45 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 +2.43 EDS. My 2122 HP delegation to @eds-vote brought in 1.61 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 had a decent week, but nowhere near as good as the last three weeks. I had 17 trades go through, with a gain in the region of 17 HIVE.
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 4 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 4 HP to my @curangel delegation.
Summary
I wasnt overly active this week and that is reflected in my gains. However, things still moved forward, so I cant complain at that.
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 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:
- It will be HPUD a week on monday - and April fools day too !
- 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 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
Great update ! 32 HP gain on a quiet week is good - I count myself lucky to get that on a busy week 😁
Here's a question for you; how do the gains you're making on HBD:HIVE trading compare with the interest you'd get if you just stuck it all into HBD savings ? Also, do you find it time-intensive to set up and run, or is it just a case of setting it up and letting it do it's thing ? I keep thinking about trying it, but not sure I really understand the mechanism !
Thanks, and sorry for the late reply.
On the HIVE:HBD trading front I make a lot more compared to sticking the HBD into savings. I've probably already hit a 20% overall gain this year already. It really does depend on what happens, but getting around a 100% gain in the year is not unrealistic.
I am selling EDS right now, the price is good. I might rebuy them again next month. lets hope I gain more by this flip
!DHEDGE
Nice - I just looked and the price is good. Best of luck flipping those !