Saturday Savers Club Progress week 19 - Added 94 HP this week

Its week 19 (11/05/24) 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 nice walk after dinner last night. The sun was shinning and it was a lovely warm evening here in Edinburgh. We passed the lovely church above - I totally love its architecture and thought it looked pretty stunning against the back drop of the blue sky.

Weekly Investment Focus

• I continued to add to my HBD:HIVE trading fund this week, particularly in the lower Hive price range. The HIVE price has been in the low $0.30s these last few weeks (see graph below), and I feel it may not be moving much from that in the near future hence I need to make sure I've got the coverage to continue trading in that range.

[Credit: HIVE price over the last month - downloaded from CoinMarketCap at the time of posting on 11/05/24]

Weekly Stats

Weekly commentary

• HP Gain: I gained +94 HP during the week. 31 HP of that came from my trading fund, because I released my highest HIVE price trading pot which was sitting up closer to a HIVE price of $0.50 before it would start being active again. It seemed better to have that HIVE as HP and at least earning something via curation and APR rather than sitting waiting for the price of HIVE to go back to $0.50 (which could take a long time),
• HP Passive: 18.83 of my HP gain this week came from curation (not really passive) and HP APR. This is my highest ever amount and formed 20% of my HP gain this week. Its great to see this figure continuing to increase, although not surprising noting that I am actively trying to make that happen by managing my HP growth each week,
• HP goal: My HP total now stands at 12560 HP and I need a further 5940 HP to hit my primary goal of 18500 HP. At 33 weeks to go, that requires 177 per week (an increase of 3 HP). Its starting to look 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 +15HP to 2183 HP. I need to delegate another 817 to hit my secondary target to raise my total delegation to 3000 HP. That will require an average of 24.4 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 a further +4 HP delegation to @curangel, completing my goal to have a total of 250 HP delegated to it. I also started increasing my delegation to @qurator, adding 10 to take that total to 111 HP. The aim is to also take that to 250 HP, so there is 139 HP left 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,
• LEO (which includes LP): I gained 29 LEO this week, which is a little lower than normal, but still a nice amount. 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 +2.33 EDS which is a little higher than normal. My 2183 HP delegation to @eds-vote brought in +1.63 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 16 trades go through for a total gain of around 11 HIVE. Its not huge, but I'm still trying to grow my trading funds in the current low price range, hence I was actually surprised that as many as 16 trades went through - so I'm happy with that !

Plan for the coming week

• Regular Posting: Regular posting (daily) is the key to HP growth. I've been a bit lax this week, 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. My curation is largely manual and 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 9 HP,
• HP delegation to curation accounts: This weeks delegation of 10% of my weekly HP income to community curation accounts will add a further 9 HP to my @qurator delegation.

Summary

I have to say I'm quite happy as to how things went this week, especially noting that I wasnt that active online. I'm happy to be able to trade in the lower HIVE price range and will be continuing to grow that over the coming weeks to make sure I cant take advantage of this low price range.

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 undertook another rebalance last weekend. There has been quite a bit of turbulence in the layer-2 markets, hence is been a bit up and down of late. The last rebalance incurred a very small loss in value, but the overall number of tokens continued to increase, which is the main focus at this point in time. You can check out my latest rebalance post on my @hoosieboy alt account here.

And as a reminder:

• It will be LEO Power UP Day (LPUD) on Wednesday (15th of May) - time to get your LEO ready !,
• 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