SPI weekly earning and holdings Report | Year 05 | Week 50
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.
This week's HIVE income is pretty much the same as last week which is good because this is where we want it to be. Our newly acquired HP is working its magic earning us lots of delegation rewards and HP from inflation.
We received our HBD interest payment this week, which was for just over 100 HBD which is cool. Since we did the BTC to HIVE conversion, the HP now grows each week. EDS costs SPI about 100 HIVE a week which has resulted in our total HP balance going sideways for almost 2 years. The 2.9% inflation reward we earn on the 200k HP we have in @spi-store cancels out our losses from EDS. We'll not see the increase week on week this year in the above charts but in 3 weeks when we start a new year and we have new charts, we'll see the growth better in the charts.
We added around 60 EDS this week and expect this to increase to over 90 EDS a week going forward from next week. We are still slowly building up a small stack of DAB tokens. The price of INCOME has seen a nice increase and is trading for 14 HIVE each. I dont normally point out price changes in HE tokens but INCOME only increases. It trades at a price for 3-6 months and then it increases by 1-2 HIVE, then it trades at that price for 3-6 months and then it increases by 1-2 HIVE.
Not much action with anything else, there's not much happening.
Not having BTC means I have little to talk about, lol. Meme tokens pumped nicely this week, well PEPE and BONK did, DOGE actually dropped a few percent. Everything else dropped a few % and it's been a sideways week.
One thing I noticed is our SP500 holding has increased again and is up just about 25% from when we brought it 14-16 months ago. It's not crypto returns but it just shows that a simple stock index can turn over 20%+ in a year while interest rates have been increasing.
We've had a good week, the SPI token price is good to 5.36 HIVE and because we're so HIVE heavy, the token price is fairly stable. YTD the fund value is up over 35% and with only 2 weeks left in the SPI year, this will be one of SPI's best years yet.
Normally each year I change/update the reports and charting but im still liking this years and will keep the same theme for next year. I'll update hte explainer at the top of the post and change the thumbnail but everything else will stay the same. Feedback is welcome if you can think of something you think would be useful information to report each week, please share it below.
SPI dividends will go out this evening and have a great week as always.
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 |
Stay up to date with investments, fund stats and find out more about SPinvest in our discord server
Tag @spinvest to a comment below saying "I wanna Subscribe" and I will tag you in future SPI weekly reports.
Sub List:-
@ericburgoyne, @mikezillo, @shanibeer, @oldmans, @roger5120, @lilolns19, @riandeuk