SPI weekly earning and holdings Report | Year 05 | Week 28

Welcome to the weekly SPI Report

Each Sunday, @spinvest uploads an earnings and holdings report to keep investors up to date with fund performance and news. You can subscribe to these weekly reports in the comments.

SPI is the flagship growth token for the SPinvest fund. Launched in June 2019. SPI tokens act as both a token of ownership and a governance token. Since launch, we've been able to 7x the HIVE value (including revaluations and token split) and 12x the dollar value of the fund.
We are now in our 5th year of operation and still going strong as we stick to our plan of investing the bulk of our holdings into time-served investments and HODL.

Our motto is = Getting Rich Slow

In our expansive portfolio, we are involved in over 30 investments, with a significant portion dedicated to HIVE, BTC, and ETH. We firmly believe in avoiding impulsive actions driven by the fear of missing out or chasing unattainable aspirations. Instead, we rely on tried and tested strategies that have proven to be the most effective and secure.

Our guiding principle is to accumulate wealth steadily, adhering to the philosophy of "Get rich slowly." We employ the power of compounding by consistently reinvesting in sound opportunities to amplify our returns over time.

When considering SPI tokens, it is essential to adopt a long-term perspective, aiming to hold them for a minimum of 3-5 years. Our rationale behind this recommendation lies in the belief that substantial returns require patience and allowing investments to mature organically. By committing to an extended investment horizon, you significantly increase the probability of maximizing your potential gains. This aligns perfectly with our overall investment philosophy and strategy, ensuring sustainable growth and profitability in the long run.

Ok, HIVE income is sucking at the the minute and its going to get worse. Bad news for dividend whores but its not time to be focusing on income, its the last few months we have to stack and build before things start to pop off properly. A portion of our HP balance is being delegated to @eds-vote when in turn earns us EDS tokens. The APY we receive is not fantastic but EDS tokens pay out an incredible HIVE income. A large slice of our HP is being delegated to @empo.voter which earns us PWR tokens. I take all the PWR tokens, match them off with HIVE and add them to the PWR/SWAP.HIVE LP on BeeSwap. The APY on this is 13% which is lower than we were getting before but in around 9 months' time when PWR starts to issue dividends, SPI will be 1 of the biggest holders and we will fingers crossed reap the rewards of our labour. We are currently to 5th biggest LP token holder and we'll take 4th in a few weeks.

Point is, not really that focused on increasing HIVE income now. I've tired that and it's not worked out well. Time to build more EDS and grow a massive PWR stack so that when HIVE is trading at over $1-2 again, we'll have something better.

Overall not a bad or good week for HIVE as its pretty much at 0% change from 7 days ago. We see the total HP balance go sideways as always, i understand that HP chart does not look great but please notice that the range for the past 28 weeks has been between 146.9k and 148.2k which is nothing. The chart makes it look worse than it really is 🤣

Our HBD balance sees a small increase in HIVE value. If HIVE has gone perfectly sideways, how? We received our interest payment this week, it was for 223 HBD which i think is pretty cool. Thats over 50 a week and soon it'll be 10 HBD per day. If HIVE ever drops to 25 cent, it'll be 0 HBD per month, haha.

We added a few EDS and DAB tokens, sold a few BRO tokens and not touched the rest. Gaming tokens this week have increased alot which is brilliant to see. One way to confirm we are in a new bull cycle is that NFT projects and crypto gaming are popping off.

Most of our non-HIVE holdings increased this week. BTC and ETH are up a few percent with RUNE, DOGE, PEPE and ADA going green sideways. Our SP500 continues to perform well and silver is mooning. Well, it's up about 3% but in the world of PM's, 3% in a week is mooning.

JK's LPs are doing ok, they took a dip this week but HE are still correcting from last week HIVE dip. When HIVE moons/drop 15%, it takes a day are so for HE token prices to catch up. Tokens on HE are mostly priced in dollars so when the price of HIVE moons or drops, the HIVE price for the HE token needs to be adjusted. Trading the token fixes it with scalpers taking advantage. Anyways, JK's holdings are all "DEFI" holdings except, PWR/HIVE which is my baby.

Overall, we're sitting on a pretty profit on this wallet. Going into the next bullrun we could see that wallet worth over $150k at some point within the next 24 months.

Great performance this week as the fund sees 1.1% growth, this boosts us to a YTD growth % of 6.3. Dividends are not great but it is what it is and SPI is fundamentally a growth token.

Speaking of growth, remember last week how I said I was going to start talking about the HIVE to BTC ratio more? Last week for 1 BTC, we would have got 103k HIVE and this week we would get 107k HIVE. This is because BTC is up 3% and HIVE is flat this week. I hope that because BTC leads the pack, it will see better gains compared to HIVE as it moons at the beginning of the bullrun. This is when we convert BTC into HIVE. HIVE moons at the end of the bullrun because it's a low-cap ALT making it the perfect time to convert back into BTC. HIVE was at over $2 for only 4 weeks last cycle where it peaked at just over $3.50. It's a small window but the BTC to HIVE ratio can help to spot it.

We continue to wait for the ratio to be 200k HIVE for 1 BTC, if not never comes, nothing lost, nothing gained and we hold onto our BTC. I will continue to write about this so you can come on the journey with me. I probably only post good weeks when we get more HIVE for BTC to make me look smarter 🤣

I am still cashing out some BRO tokens and plan to use the funds to invest into some new cryptos. There are a few cryptos recently that have entered into the top 100 ranked and im thinking a couple of them couple be the SOL, MATIC or even SHIB of the 2025 bullrun. Most cryptos have a lifespan of 1 crypto cycle, they might continue to exist but they peak in the 1st cycle and decline forever after. New blood replaces old and I think SPI should have some part of the new blood. I was thinking of investing $200-300 each into 5-6 tokens as a punt. If 1 of them really moons, it could yield a massive profit for us. We have seen from the last cycle with ADA and DOGE that 100x is still doable within the top 100 ranked. Keep an eye out for this over the coming weeks as i'll release a post to detail the cryptos we've bought and why.

Not much else to say, im still working on the lottery and im 95% done with the model but im wary and not sure if there is any demand for it really.

Anyways, checking for taking the time to check out the report and have a great week, lets hope all our bags pump some!