SPI weekly earning and holdings Report | Year 05 | Week 49
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.
Weekly HIVE income this week is good. For the past few months, we have been earning 300-350 HIVE so this weeks 600 is a nice change and fingers crossed, it'll stay around 600 for the next year are so. Last week we poweredup 200k HIVE, this adds an extra 100 HP per week income from HP inflation and we delegated 100k HP to leo.voter which is worth around 185 HIVE in LEO rewards per week. Leo.voter has missed the last 2 days of rewards so this 185 HIVE should be over 200 HIVE when it pays out for a full week.
Im happy with us earning 600 HIVE a week. Sadly leo.voter is not consistent at all but we hope it does not miss out too many days and at this point, I'd guess we're all just used to it missing rewards. Sad people accept this and it becomes the new normal. You can see in the chart below, this weeks income is our highest income week this week (excluding last weeks 1 off massive dividend) so we're deffo moving the right way.
We're very HIVE heavy with a total of 370k HIVE. This makes up 75% of the fund and it's been years since HIVE has been so dominate. With HIVE being 30-35 cent, im comfortable knowing its not possible for HIVE not to at least 5x from here within the next 18 months.
We will also start to see something amazing happening with @eddie-earner HP balance in the next 2-3 months. Since EDS miners were released over 2 years ago, the @eddie-earner HP balance has declined each and every week. Recently @eds-vote which is an account that accepts HP delegations in return for EDS tokens rewards has got a few large delegations and its curation rewards have almost doubled. When these curation rewards are powerdown in 2-3 months time, the @eddie-earner account will be powering up more HIVE than it is minting EDS tokens. Long story short, the @eddie-earner HP balance will start to increase each week as the project finally becomes profitable. FYI, not the same thing as the EDS flip, 2 different things.
And on top of that, our new 200k HP holding at @spi-store is earning over 100 HP a week as inflation.
HE tokens are doing what they are doing. When updating the prices for this week, I noticed most were the same as last week which would tell me not alot of trading has been done.
We added almost 50 EDS that we were rewarded for delegating 100k HP to eds-vote. This reward is based on curations rewards from 140k HP so next week with curation rewards from 250k HP, we can expect to receive closer to 80 EDS. That would be close to 4000 per year. We delegate 100k, the eds-vote account earns 8k HP from curation rewards, 4k HP is used to mint 4k EDS and the other 4k HP is powered up directly to @eddie-earner. 5000 EDS bag, here we come!
Our non-HIVE holdings are looking kinda sad at the minute. We're used to seeing this wallet be worth closer to $100k and since we converted our BTC into HIVE, its sitting at only $30k.
The FET tokens I had staked should become unlocked this week so we should be able to see those. I've unstaked half and will sell them to get our investment out and give us a freeroll investment. I will need to think of a way to add in the 5x ETH margin trade we have going.
Lastly looking at the price of RUNE, im pretty happy with selling off half our stack at just over $11. Got lucky there.
The price of HIVE is up from last week so we see a small dip in the fund value of -0.83% which brings us YTD to +33.09%. With us being 75% HIVE and only 3 weeks left in the SPI year, I think we can say we'll finish the year over our 20% yearly growth target.
Because SPI is now so HIVE heavy, we want to see the SPI price as low as possible. Haha, I know that sounds wrong but when the price of HIVE increases a lot and outperforms our other holdings, the SPI token price drops because our non-HIVE holdings are worth less HIVE. In other words, the lower the SPI token price, the higher its dollar value. Seeing is believing they say. If we wake up tomorrow and HIVE was $3...
You can see the total SPI fund value would be 401k HIVE and each token would be worth 4.27 HIVE which is 20-25% lower than today's price. Bummer until you look at the dollar value. A lower SPI token price equals moar $$ and we do not want to see a 10 HIVE SPI price while being so HIVE heavy.
With only 3 weeks left in the year, im happy with where we are. We can start year 6 running.
Links to all projects under SPinvest
| Token Name | Main Account | Link to hive-engine |
|---|---|---|
| SPI token | @spinvest | SPI |
| LBI token | @lbi-token | LBI |
| Top XV token | @spinvest | XV |
| Eddie Earners | @eddie-earner | EDS |
| EDS mini miners | @eddie-earner | EDSM |
| EDS micro miners | @eddie-earner | EDSMM |
| DAB | @dailydab | DAB |
| DBOND | @dailydab | DBOND |
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Sub List:-
@ericburgoyne, @mikezillo, @shanibeer, @oldmans, @roger5120, @lilolns19, @riandeuk