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.
Pretty normal week for earnings, we have seen 50% of content rewards going to content writers as part of the SPI team rewards changed over the past 2 weeks. For the past 4-5 weeks we have been taking PWR tokens we earn from delegating HP and matching it off with HIVE to add to their LP, this week we cashed out as we're now its 5-6th biggest LP holder and it is time to slow down and maybe do 1 week add to the LP, 1 week take the cash out.
Other incomes are pretty steady with not much change from last week.
We see another over dip in the HIVE POWER balance and after digging I can see that less HP is being powered up at spinvest due to the new content payout structure. It's only about 60 HP in total and this trend will continue for some more time as it will take a while before EDS flips from losing HIVE (on paper) to gaining HIVE (on paper). I say on paper because we can never really realize the gains from EDS as they are connected to the EDS HIVE income pool.
As HIVE takes a dip this week, our HBD balance increases in HIVE value and its worth 41k today. I'd convert the lot into 50k HIVE if the chance comes. We can easily sell that 50k for $2 during the bullrun and lock in 100k HBD. Even at $1.50, we'd turn about 14k HBD into 75k HBD. Could be nice.
Pretty boring times with our HE wallets, no action anywhere. INCOME and GMLSPA are down a few percent each and everything else is pretty steady. Our gaming account has made a halfway comeback and looking much better this week compared to last week so that's been great. HIVE is down and lots of HE token prices are not caught up yet so we see some HIVE value growth this week in our HE wallet.
The markets are down but some things are down more than others and HIVE is down 8%. BTC are second single biggest holding is down 4%, ADA broke even, and DOGE is down 4% but others like ADA are up 2%, and the SP500 index is up 2-3%. When our non-HIVE holdings outperform HIVE, they get more HIVE and this is why we see these spikes in the charts.
We finished this week strong and the fund overall increased by 3.35% putting us to a total of 10.4% growth year to date. We see most of this week's gains come from our non-HIVE assets acting as a hedge against HIVE's price decline.
I talk about the BTC to HIVE ratio most weeks now (it's increased from 117k HIVE to 1 BTC last week to 119k today) but I never mention ETH. We hold a couple of ETH and the same thing is happening what it as well. At the start of the year, our ETH was worth 15.8k HIVE and today, it works its way up to 20.5k. No idea how ETH performed against HIVE last cycle but im keeping an eye on it just to see what happens if it acts the same as BTC does not.
Im surprised at how well the SP500 index has been performing for us. We're holding in 9-10 months and it's up 17% already. I thought high-interest rates would have had the opposite reaction but what do I know as a simple pleb? As a silver and gold stacker, I know that PMs and stocks normally work like a see-saw, when 1 is mooning the other is tanking but recently they have both been going up. This just goes to show how manipulated legacy markets are.
Anyway, it's been a good week for SPI. We lost some dollar value but we gained HIVE value and with my current plans to convert both the HBD and BTC balances into HIVE should the right ratios come along, im very pleased to see this happening. I dont think this cycle will repeat past cycles exactly but if they can halfway get there, we could make a pretty penny with a few simple conventions.
Thank you for taking the time, weekly dividends will be shipped out this evening as they are every Sunday and as always, have a great week.
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, and 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
count me in
!PIZZA
!ALIVE
!DHEDGE
you have 0.0 vote calls available today, your vote calls will reset at next snapshot. You can buy DHEDGE on Tribaldex or earn some daily by joining one of our many delegation pools at app.dhedge.cc to increase your daily amount.
I'm new to this party but it looks good to me so just swapped for my first SPI. Onwards and upwards!