Day 23b: Weekly update. s
Increasing HP stake
| Token | Current | Last Week | Goal | % Complete | |
|---|---|---|---|---|---|
| Helios: | 2 .155 | 0.538 | 1000 | 0.2% | |
| HP: | 119.602 | 65.378 | 700 | 17% | |
| GLD Held: | 570.857 | 330.014 | 5000 | 11% | |
| GLD Owed: | 740 | 470.9 | 0 | Loan at 130% of assets | |
| Offchain: | 0 | 0 | $50 | not yet started | |
| EDSI | 0 | 0 | 50 | not yet started |
Putting in the daily effort
I still have a long way to go to hit my targets but at least things are growing.
First: HP
Hive Power has gone from Zero to 119.6 in three weeks. So that is indeed growing. At the current rate I'll have the 700HP target in 20 more weeks or so.
17% of my way to goal
Those HP are being delegated to @helios.voter . At this time my HP is too low to get any curation rewards so I'm focusing on getting my HELIOS tokens up instead. I get daily HELIOS from the delegation and I get weekly HIVE from the delegation so it is a win/win. My intention:
Posts --> HP and HIVE
HP ==> Delegate to @helios.voter
@helios.voter --> HELIOS daily (although how much will it be in the year?).
---> HIVE weekly at roughly 8% return as HIVE
HIVE from delegation I hope to turn into EDSI for even greater return and to show how much I get from delegation VS curation :)
Second: Liquid HIVE
Again write the posts and get half of the reward in liquid HIVE. I'm going to convert HIVE into GLD tokens.
Why GLD? Well, @hiveabbyftp is going to be supporting this account with HELIOS burn but will be keeping track of how much is owed for that support. I'll hold onto the GLD for a roughly 8% weekly return in GLS. The GLS will be held and then sold later to pay back the loan. In addition GLD can be turned into HBD with @tergan.
HBD I'm hoping to use to buy actual stocks in Canada or FIAT returns to bring back into Hive.
It is early days
After two weeks as a slothysaver it is way too soon to tell how things are going to go. At least things are growing. Over time hopefully it will grow even larger. In time I'll get a better idea of the weekly return but for now? Let's just say slow and steady wins the race.
Compound interest is the key and that's why I'm looking at high interest tokens. At best I'm getting $1 HBD from a post but compound interest makes all the difference int he long run.
Compound interest is the secret sauce.
Work only gets an account so far. Writing each and every day makes it really hard to find new topics. There is also the limit on the energy to keep on writing. However compound interest drips in day by day by day with no work or effort.
Finally there is the FIAT side of things
Right now I havent put anything into real world stocks. Why not? There are realities involved in moving finances off chain and tiny movements aren't worth doing. Also stocks have a minimum amount to buy / price floor. Taking out $1 and trying to buy stocks is silly. So, why haven't I put anything offchain? I'm not even looking until I Have 1000 GLD ($10 USD)
Looking at each token?
HELIOS -- growing from HP delegations to @helios.voter
HP: -- growing from daily posts (HP component)
GLD HELD --- growing from daily posts (HIVE component sold for GLD)
Offchain --- won't grow until GLD hits minimum 1000
EDSI -- won't grow until I get a weekly HIVE delegation reward.
I have a plan but it will take time to get this flywheel working
Any questions? Just drop a line and I'll see if I can answer. But comment or not, thank you for reading this far down. Appreciated.
- However, so far HP is growing nicely.
- GLD is growing nicely but not as fast as debt is incurred
- GLS tokens come in every week. Once they get to be larger I can target more GLD purchase
- HELIOS is only 0.2% complete but every day I buy and delegate more HP so everyday the HELIOS grows just a little bit faster
- Offchain? Not happening until I get enough gold
If any of you slothy savers have anything to add please let me know. I have moved my BBH guild reward to a different account @bbh.gld. All going well it prospers and increases in value over time.