---Riding the Crypto Wave Stacking Hive and Hive engine dividend tokens!-- Saturday Savers Club! Week #12 May 21st, 2022
Welcome back to another edition of the Saturday Savers club. Please remember everything that follows is an account of my situation and my opinions, and are not financial advice. Today I am happy to report substantial progress towards my end goal for 2022 of:
- 5000 Hive Power, 200,000 SPS, 50 EDSM staked, 100 EDS, and 300 SPI.
Accumulation needed to achieve goal Based on estimate of 30 days/month, 40 weeks for 10 months for 2022:
1. Hive Power--357.8 per month=====89.45 per week===== 11.92 per day
2. SPS--------6,494.5 per month=====1623.625 per week===== 216.48 per day
3. EDSM------- 4.4 per month=====1.1 per week=====0.147 per day
4. EDS----- 9.877 per month=====2.469 per week=====0.329 per day
5. SPI----- 24.717 per month=====6.179 per week=====0.8239 per day
=====Where Did this Journey Begin=====?
- As of March 3rd 2022 when I set my 2022 goals, these were my balances:
Hive Power-- 1,421
- As of right now I have reached 10511 Hive Power so with todays update, I have officially doubled my annual target for hive power for 2022! Perhaps I will aim for 15k or 20k by year end now. I gained 379 Hive Power since last week. The current hive price is $0.488 USD per hive. Hive has fallen an additional penny and change since we last spoke. Stock markets could be at an inflection point and double bottom, or continue down we shall see. I still powered up a lot of hive this week but I also stocked up on many different hive engine tokens that had not gone up in hive price since hive has declined.
- Since our last update I have added a few leases to the portfolio (net 1400 hive increase in leases from last week) This increases my daily liquid hive payout from 3.507 hive to 4.356 hive. A near 30% increase! Passive income, slow and steady wins the race. My overall lease portfolio yield increased from 13.28% APR to 13.82% APR this week. Amazing to add portfolio size and marginal yield that increases portfolio yield.
- No update to staked SPS count, 19k from 2022 target.
- No change to EDSM miners(100 Staked). My EDS is down 29.03 from last week to 7.65 tokens. I found a buyer at 1.00 hive each and liquidated most of my stake I will of course reacquire EDS opportunistically.
=====MISC DIVIDEND TOKENS=====
Dhedge-32057 (Added 42)
Utopis-446.8 staked (Added 100)
Index-514.3 (New Added 514.3)
Bro -2.2 (Added 1)
Helios-0 (Sold 500)
Cartel-100 (No Change)
LBI-562 (New Added 562)
SPI-5.1 (No Change)
Make savings a regular habit. Start small, but Start Today! The earlier you start, the more time you have for your money to compound and the less you have to put in. Best wishes everyone!
See you for the next update on my savings progress next Saturday!