Hello and welcome to this weeks LBI Holdings and Income report. LBI is a pooled investment token based on HIVE with a range of assets backing its token. Each LBI token represents a share of the assets, and the value of that share is published daily on inleo.io as a thread. All you have to do is check our profile page to find the most recent "Asset backed Value" for the token.
LBI has just recently come under new management, and we are working on raising its profile, converting it into a token that shares a portion of its income each week with token holders, while also selecting investments to maximize growth. LBI's roots are firmly planted in the @spinvest ethos of "get rich slowly". We don't chase amazing returns and massive gains, we look for solid investments, long term growth and the magic of compounding.
These are the token prices used at the time of this report:
Here is the link to last weeks update, for comparison:
https://inleo.io/@lbi-token/lbi-weekly-holdings-and-income-report-week-12-week-ending-20-october-2024-akx
HIVE Wallet
Pretty quiet week this week, just over 50 HP added. HBD has just done its thing for us, adding 7 HBD from interest this week. If you have not already done so, please give your feedback on this post discussing pulling out our HBD and moving it to other investments. No decisions made yet. I have decreased our leo.voter delegation a bit this week, and will add to the PWR and BRO delegations. Leo.voter has been much more reliable lately, and this move is not about that. I just feel that our LEO bag is packed - we are approaching 200K LEO and I think that is enough. If LEO booms, we are good. If LEO doesn't do well, we have diversified our holdings and have other assets to fall back on.
HIVE Engine Wallet
175 LEO added this week from leo.voter. It's a bit less than last week, but LEO has risen in price so that could explain it. Next week will be lower, as I've dropped the delegation from 10K to 7.5K. Added a few INCOME and BRO this week, as usual. No significant changes here, just slow, steady growth.
@lbi-dab wallet
8 DAB and 70 DBOND added for the week. RUG is doing well for us, and I continue to pull a small portion of the weekly DBOND drop out to sell each day to add to income. As you can see, we still gained 70 DBOND net, so we are doing well. Happy with the progress here, would love more DBOND or RUG but the wallet is around 10% of our fund which is probably a pretty good position to maintain.
@lbi-eds wallet
Super reliable as always, we gained 22 EDS this week. This position is not as dynamic as the DAB wallet, but it is safer and predictable. We grow by 20ish EDS every week, and our weekly HIVE payout grows steadily. (except this weeks payout was missed, so we will get a double next week).
@lbi-pwr wallet
Added around 20 HIVE value over the week, which is decent. Most from the delegation, which I will increase to 10K soon. A bit from the pool, and then the pool also spins off an income to us. I'm looking forward to continuing to build this position up for the long run.
@lbi-sim wallet
This just compounds to pool rewards, and the HIVE rewards go to income. Simple and just a small part of LBI for now. At the moment, PWR is higher priority, but I'll work on building this up with some extra funds over time too.
Off chain
No news to report this week.
Totals
So its kind of a weird sideways week really, but also not at all depending on which unit of measure you prefer. USD value is down a touch, which is why I say kind of sideways. The HIVE value however is way up, and the LEO value is well down. This seemingly odd outcome is the result of HIVE's price dropping, while LEO itself has had a pretty good week. Last week, our LEO was worth 25400 HIVE, and was 24% of the funds total value. This week, the same (basically) amount of LEO is now worth 30400 HIVE (a 5000 HIVE gain) and LEO is back up to 26.6% of LBI's total assets.
Be interesting to see how all that plays out over the coming week.
INCOME
This week came in again around the 750 mark, after I again pulled extra out of our DBOND drop from RUG to prop up this level. The increasing LEO price made it a little harder to hit this total, as the HIVE we earn from various places swapped into lower amounts of LEO tokens. Anyway, was able to keep to the 750 level for another week.
300 LEO sent out in dividends for the week, 4.775 LBI tokens burned this week.
Thanks for checking out this weeks update post, have a great week everyone,
Cheers,
JK.
More posts from LBI:
https://inleo.io/@lbi-token/is-it-time-7hg
https://inleo.io/@lbi-token/lbis-september-2024-recap-2zc
https://inleo.io/@lbi-token/lbi-increases-its-power-den
Posted Using InLeo Alpha
+1 👍
That bag is packed - working on getting others set up.
Thanks for checking in on the report.
Since I suppose Inleo still haven't paid back our bHBD I guess the further support of Leo should be based on the result of our ticket
I have had contact recently within that ticket, and am hopeful for a result there "soon".
Having 200k Leo should cause being treated with respect
Excellent work again.
Thanks for the support.
Make us rich sir
Working on it.
Woohoo! I love dividends!
Me too. I'd like them to be bigger, but it is what it is for now.
Indeed!
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