2022 Investment Goals - Progress report

avatar

money2724241_640.jpg

With this account I want to show that it is possible to build an online business/investment portfolio without any fiat money invested at the start.

In 2022 I want to keep growing, using what I have learned in the past years. By setting goals I also want to prevent myself from spreading myself too thin or focusing on inferior goals.

These are my goals:

  • 1500 Hive power. With the higher prices, this might be a challenge, but I would like to keep building my Hive power. With all things going on up here, hive has to go up.

  • 1000 Leo power. The leofinance team are rolling out awesome updates constantly. I want to support that and take part in it.
    Goal reached!

Passive investment tokens:

  • 50 BRO (you just can’t go wrong with bro)
  • 100 Index
  • 10 Cartel
  • 100 HBD in savings
  • 500 SPS

Currently my holdings are:

  • Hive Power: 1161
  • LEO: goal reached!
  • BRO: goal reached!
  • Index: goal reached!
  • Cartel: goal reached!
  • HBD: goal reached!
  • SPS: goal reached!

My Big Hairy Audacious Goal:

  • Road to dolphin (5000 Hive Power): 23,26%

Growth needed to reach goal:

  • Hive Power: 339
  • Leo stake: goal reached!
  • Bro: goal reached!
  • Index: goal reached!
  • Cartel: goal reached!
  • HBD: goal reached!
  • SPS: goal reached!

Now that the end of the year is very close I am proud to say that I reached all my goals, except the hive power one. In fact I’m currently powering down a bit of it. Don’t worry, I’ll keep it wel above 1000 hive power.

I just wanted to free up some resources to invest in splinterlands cards to rent those out. The reason for that is that I see a couple things coming together for splinterlands in 2023.

First they will release land in stages and this will create a new game within the game. Building, gathering resources, trading, staking stuff and apparently some pve if you’ve got occupied land. I believe this will draw many of the disillusioned players back into the hanky that are currently auto-renting their cards.

Then the tower defense game will also be released at some point and again this will be a game within the game and will require upgrades and cards staking to be competitive.

Also the 25k card packs burn every day for the chaos legion set will cause it to be out of print early in the year. This will probably increase the price of both the unopened card packs on the secondary market’s and chaos legion cards prices in general. I don’t expect a price increase like with untamed, but I expect prices to go up for sure.

This will coincide with a big number of the current rewards cards going out of print. This will cause these prices to go up as well.

The combination of those 4 factors will be a very interesting mix for investors and players.

With risingstar I unlocked the band members, so I’m back to the better paying missions until I’ve reached level 100. The weekly income isn’t as good as it was, but it is still significant compared to the effort I have to put in.

There are now a ton of play-to-earn games on hive and many more are coming. It is going to be more than a full-time job to try and benefit from all of the opportunities there are. As I don’t have that time, I instead invest in the Cartel token by @oneup-cartel. The Cartel token is both an investment token and a dividends token. The Cartel invests and plays the games for you, so that you can benefit without playing the games.

I have added Index to my dividends token goals, as I see that they are set up to benefit a lot from the growth in splinterlands and the upcoming expansions to that game. As one of the biggest holders of DEC, they get loads of SPS, Vouchers and GLX and GLGT. I believe this will continue to expand.

I am renting out splinterlands cards using splex.gg. That way I don’t have to adjust prices to get optimal results. Instead it is their algorithm that takes care of that. I just pay daily a percentage of the profit they generate for me. Check it out for yourself at splex.gg

I am using 50% of my CTP rewards to fund my other goals. The remaining 50% will be powered up to keep increasing my CTP stake.

Now that I reached my Leo goal I will also start selling 50% of those to fund my other goals.

I am stacking HBD in savings for the 20% interest, which is a great hedge against the bear market and also a good way to take ‘profits’ when we would still see a bull run in 2022.

2022 has been a massive year for hive with all the development that is taking place, and 2023 will be even better I believe, so I will continue to build my investment portfolio. I think that in 2023 we will see the prices reflect the development that has taken place this year.

I hope sharing my goals and thoughts about them is helpful to you.

Thank you for the support guys, you make all the difference.



0
0
0.000
2 comments
avatar

This post has been manually curated by @bhattg from Indiaunited community. Join us on our Discord Server.

Do you know that you can earn a passive income by delegating your Leo power to @india-leo account? We share 100 % of the curation rewards with the delegators.

Please contribute to the community by upvoting this comment and posts made by @indiaunited.

0
0
0.000