Week 32 : Focusing on Passive Income | 2022 SATURDAY SAVERS CLUB
In this Week 32 of our Saturday Savers Club, my primary focus this week has been on my passive income holdings and how they are performing. I tend to be on the conservative side when investing either offline or online. Each week, I plan to focus on one of my tokens I hodl that produces passive income.
EDS Income Token
One specific income Token is EDS. In looking at this particular Token's background, I like the fact that EDS is:
- 100% HIVE;
- a long-term project;
- @eddie-earner's account is 100% focused on powering up as much HIVE as possible;
- each Monday, dividends are paid out based upon 12% of @eddie-earner's HP account balance;
- currently paying out an APY to token holders of over 25. 1
The Token's initial 500K launch with the subsequent public sale of 20,000, each for 1 HIVE. Currently, the only way to mint new EDS tokens is by staking EDS miners (EDSM) or EDS mini miners (EDSMM). I've staked all liquid EDS miners. They're now sold out. EDSMM can be purchased on market or directly as set out below.
When fully issued and staked, I'll be able to realize a yield of 20% minimum ROI.
Since the EDS Token is tied directly to the total amount of HP powered up by @eddie-earner's account, I like the fact that the main goal is increasing daily the staked HP via numerous avenues, including converting all earnings, airdrops, tribe tokens into HIVE. This commitment is the reason I invest in EDS.
Week 32 Activity
HBD Savings. Returning to WEEK 1, I'm now moving at a steady pace in Week 5. I transferred 1.82 HBD to my savings. This may seem small; however, I decided to invest at a slower pace through the end of the 3rd quarter. Therefore, my total HBD Savings to date is: 299.266. My goal is 667.95 HBD. I feel that's a reasonable goal that can be accomplished in 2022.
EDSMM (EDS mini miners). Purchased 2 mini miners this week. Reminder, you can purchase directly from @eddie-earner's account, thereby avoiding transaction fees. For more information, visit Invest directly from your HIVE wallet.
Hive Power Was able to participate in the August 1st HivePUD with 150 liquid powered up. Sitting at 13,021.201. Pushing to complete my goal.
|PROJECT||Previous Bal.||Activity||New Bal.||GOAL||Comments|
|Saturday-Savers Club 8/6/22)||292.653 HBD||+6.613 HBD||299.266 HBD||667.95 HBD||Reset savings at Week 1. Currently on Week 5. Increase includes 20% interest (4.793 HBD) on HBD Savings balance.|
|Hive Power||12,841.718||+179.483 HP||13,021.201 HP||15,000 HP||Participated in HivePUD with 150 liquid.|
|Leo @leofinance||689.802||+10.256||689.802||1,000 Leo||Saving to stake on LPUD day 8/15|
|EDS-@eddie-earner||152.60||+3.46||156.06||Realizing increased income token rewards from new mini miners. For details, see: EDS income token weekly report - 30|
|EDSMM-@eddie-earner||133.00||+2.00||135.00||1,000 EDSMM||Purchased 2 mini miners this week.|
*According to @lbi-token, "CUBLIFE (CL) in a nutshell is a hive-engine token dedicated to investing in CUBfinance that pays out weekly dividends in the form of LEO. All LEO/HIVE raised from monthly token issues is invested in CUBfinance. 50% of weekly harvests are converted to LEO and issued to CL token holders, 40% is reinvested back into the platform and 10% goes to LBI as an operators fee for maintaining and actively managing the wallet."
You can join the Club and start saving at any time of the year. I, along with other members, meet over on @eddie-earner's account every Saturday and sometimes on Sunday. To see all Club members goals and objectives for 2022, visit the official Club post each week. Here's the most current post: Saturday Savers Club with @susie-saver - Week 32: Saturday 6 August 2022 - EDSMM Giveaway: Win EDS for Comments - everyone welcome.
As I have reiterated, I'm not a financial adviser. My post is not meant to be financial advice. My articles on cryptocurrency, investing, and saving are meant to share my personal opinion, experiences, and general information about those items once I discover interesting facts and figures. Please perform your own research before investing in any project that you feel comfortable with. In all cases, only spend and invest in project where you have the available resources.
Why not join in this fun initiative and start saving whatever amount you can. To get started, why not take a look at the 2022 Savings Plans for the Club on @eddie-earner's account here: Saturday Savers Club with @susie-saver | 2022 Launch and FAQs | Everyone Welcome | EDS for Comments.
There is also a daily savings chart for 365 days. Check out the weekly Saturday Savers Club post on @eddie-earner's account for more details here.
Tell me what's your savings plan. I'd like to hear about different ideas. See you next week.
Happy rest of the week everyone with whatever your endeavors.
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