Saturday Savers Club Progress week 6 - Powered up 78 HP

Its week 6 (10/02/24) 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 went for a walk along the river near our house the other day. There had been a fair bit of rain and as such the water was coursing over the weir - it was pretty cool to see !

Weekly Stats

Weekly commentary

• HP Gain: I gained +78 HP during the week which was good considering that I havent been as active recently (busy with both life and work). A gain of 78 HP with not too much activity is still pretty good, so I'm happy with that.
• HP Passive: 16.98 of my HP gain this week came from curation (+10.29HP, not really passive - but my highest ever weekly curation income to date) and HP APR (+6.69 HP - which keeps on increasing each week, because I always try to increase my undelegated amount of HP each week). I'm happy that this is now at a value to make a difference each week - its a great incentive to keep on piling up the HP !,
• HP goal: My HP total now stands at 11591 HP and I need a further 6909 HP to hit my primary goal of 18500 HP. At 46 weeks to go, that requires 149 per week (up two per week), which is pretty steep and will be quite a challenge,
• HP delegation to @eds-vote: My HP delegation to @eds-vote increased by +22HP to 2076 HP. I need to delegate another 924 to hit my secondary target to raise my total delegation to 3000 HP. That will require an average of 19.9 HP delegated per week to hit it, which I should achieve,
• HP delegation to curation accounts: I delegated another +21 HP to @curangel to bring that total to 165. The aim to to take that to 250 HP - less than 100 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 +2.33 EDS. My 2076 HP delegation to @eds-vote brought in +1.56 EDS this week and the rest was from the mining lottery for holding EDSMMs (I have 146 of those) and the weekly drip from holding 7 EDSD (which was 0.05 EDS this week). I'm pretty happy when my weekly EDS gain is above 2 (and I think 2.33 is my highest ever, or close to it). 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,
• EDSD: I didnt add any EDSD this week while the price of HIVE is so low. I'd rather use HBD to buy HIVE at these prices. I'll wait for it to go back above $0.35 before I start buying EDSD again,
• DAB: I gained +1.414 DAB this week, taking my total to 56.3 DAB. It was a fairly low gain this week (I usually gain over 2 per week), so my luck wasnt on my side for the mining lottery this week. But thats OK - thats how the minning lottery works - some weeks you do better, some you dont.
• DBOND: I gained +2 DBOND taking my total to 732 (from staking my DAB). I didnt buy any this week so far, but will buy a few more while there are still some for sale on the market at 1 HIVE each (I just checked and there are still some on there for sale - just under the 4000 mark left now),
• DRIP: I gained +2 DRIP this week, taking my total to 111, which is a result of the daily passive gains over the week from staking the DRIP I already have,
• HBD:HIVE Trading: The price of HIVE has stayed below my normal trading range this week. My lowest set trade is at $0.33, so I wont start trading again until the price of HIVE hits that. I'm still concerned about the price of HIVE not tracking so well with BTC. When BTC goes down, HIVE goes down, but we are not seeing HIVE go back up as much as BTC does when it goes up (like it did this week). This is not ideal.

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. This did seem to give a small boost to my LEO income last week, so it appears to be working. I'm still considering whether I should also get premium or not. I'm likely to try it for a month at some point soon to see if it gives an even bigger boost to post payouts (for both LEO and HIVE) due to their curation boosts,
• 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 - if the price of HIVE goes back above $0.33. I'll continue to add additional funds (in small amounts) to my trading capital each week, in the active trading range, when I'm trading, which will help grow the gains over the long term (albeit slowly). I do this by adding any HIVE/HBD drips I get landing in my Hive Wallet from things like curation. When a trade goes through, I then just add any amount left in the wallet from those drips into the next flip trade when I set it up - this method has been working nicely to help slowly grow my trading fund in the active trading range, which is great,
• HP delegation to @eds-vote: This weeks delegation of 10% of my weekly HP income to @eds-vote will add a further 8 HP,
• HP delegation to curation accounts: This weeks delegation of 10% of my weekly HP income to community curation accounts will add a further 8 HP to my @curangel delegation.
• EDSD: My aim has been to buy 1-2 EDSD per week to help build up my pot of those, and in turn my EDS stack, but as said above, I'll probably pause buying while the price of HIVE is so low until it recovers to around $0.35.

Summary

In summary, it was an OK week. A gain of 78 is good when I havent been active, and then everything else seemed to tick over nicely from a passive perspective which is totally the aim here, so I'm happy about 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 undertook my 10th rebalance last week and am now due to do another one (maybe tonight). Its slowly building which is great. A couple of bigger post payouts would help to kick start it that bit better. Token values have also been down a little of late which hasnt helped, however, its still all positive, with total number of tokens increasing at each rebalance which is the main aim. Its great to see the various methods of curation, posting, staking and rebalancing all working in tandem. You can check out my latest rebalance post on my @hoosieboy alt account here.

And as a reminder:

• Its Leo Power Up Day (LPUD) this coming Thursday (15th of Feb),
• 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 !

Interested in the Saturday Savers Club ? Check out their latest posts here.

Posted Using InLeo Alpha