I joined the #saturdaysavers group, so instead of staggering these posts out every few weeks my goal is to post these on Friday nights. Let's see where I ended up!
It's always good to revisit goals to track progress, and posting about it is a good way to cement it in my mind. It also acts as a subconscious reminder.
(Created using Bing)
Hive Power
My primary savings goal is to reach 6,000 HP by the end of the year.
Starting from last Friday, I was at 5,264 HP. I've been putting a small amount of money into Hive each month and powering up, and will keep that pace throughout the year. Because of the massive price drop in Hive, I took some HBD out of savings and sold some investments to convert to Hive while it was cheap. I powered up a small chunk and will keep the rest liquid for now. This week, I'm at 5,543 HP.
I'll be setting aside funds to power up every month, and will likely do another raffle in the Fall to help me continue to exponentially grow my HP.
EDS
I hit my goal of 130 a while back, so now I'll hold this pace and enjoy the drips from it and reinvest those by buying up more EDS. I did take advantage of the influx of Hive and scooped up another 69 tokens off of the market. Now, I've begun delegating 1000 HP to help bring in some more EDS. 😁
DAB/DBOND
I'm currently staking 1694 DBOND, up from 1373, to mint me new DAB each day. Since I've reached my goal with EDS, I'll be slowly buying more to try and get to 2000.
I paused buying more because the price has gone up to around 1.1 Hive each. A new project called RUG coin will be starting (No joke, and it's being run by silverstackeruk), where you can buy the coin and hold it liquid to earn DBOND. I'll be buying that so I can keep my DAB liquid.
I have 753 DAB right now. I currently get about 0.4-0.5 DAB/day. My original goal was 630 DAB, so I moved this goal to 800 by the end of the year.
PWR
I'm slowly adding to the liquidity pool. My goal is to get to where I'm earning 1-2 PWR per day just from the liquidity pool and then keep those liquid in my wallet. Right now I'm at about 0.31/day, but that could go down if the pool APR goes down. Empo's plan is to start paying Hive dividends in another few months, so I want to be sitting on a nice, big pile of PWR before those start! 😁
SIM
This has been my new focus for now. Holding SIM pays a daily Hive dividend, even if you don't play dCity. If you add to the liquidity pool, those holdings still count towards your "SIM power" and you get paid daily SIM for providing liquidity, so I'm basically getting paid twice. I'm currently a little over 2.6 million and plan to keep building this stack. For now, I'm holding all of it liquid and took my position out of the liquidity pool, so I could use the matched Hive to buy more SIM.
2024 End Goal
My overall goal with these investments is to get in while they're cheaper and maintain a daily and monthly Hive drip, not including my regular posting regiment. With everything included, my goal is to bring in an average of 6-7 Hive/day by the end of 2024. I'm currently still hovering at about 3.5 Hive/day so there's still room for improvement, but I see myself getting closer to this goal as the year progresses. I may take some profits during this time, but the majority of earnings will be reinvested to keep growing.
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