Have You Made Any Investment Plan This Year ?
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This is a major question that is constantly on my mind. Nevertheless, I used to record my investment plan in my journal at the beginning of each year. However, because they are big plans, all of them would have failed by the first quarter of the year. Then, as the years passed by, I realized I lacked a solid investment strategy.
Then I understood that my inability to choose a long-term investment and start within my means was the reason I didn't have a great investment.
Last year, I planned to invest in a real estate firm, which is a very nice idea and it would yield a nice interest.
There are several real estate firms, however, some of them are fake. Only a select few people can endure the test of time.
The minimum package for the type of real estate I wish to invest in is N1M ( $1300).
I had N300, in my account then, I saved it in my bank, and then I started saving more. But after the first quarter, I changed my mind and used the funds for something else.
so at the end of the year, I was unable to establish a reliable investing portfolio.
When I was introduced to Hive in October of last year, I enjoyed reading several authors' articles about investment plans on Hive. As a newbie on a Hive, this is a fantastic chance for me to set up a reliable investment strategy. I will start the journey right away, thus I believe I should share my strategy with other beginners or anyone else who could find it valuable.
Hive Investments Plan
HBD Savings
This is a fantastic investment, you can transfer your HBD to savings with this fantastic investment. It's possible that many newcomers were unaware of this before. Your interest rate on HBD savings will be 20% APR. You can choose to save your HBD for the long term rather than selling all of it.
You might not be making a lot of HBD as a beginner, but if you have another source of income. You can buy some Hive, convert it to HBD, and then put it in your savings for a while. If someone consistently saves HBD each month, they will accumulate a large interest yearly.
Second Layer Token Investment
On the second layer of the hive, some tokens are flourishing and have a promising future. A few examples include the Leo token, Dhedge coin, legion token, Bro token (which is expensive, but you can start small), etc.
You can learn more by conducting your own research and learning about the remaining important layer 2 tokens. You can buy these tokens and hold them for a while; over time, they will increase in value and earn you interest.
Hive Staking/Delegation
Hive Power Up is another name for hive staking. You must stake your hive token before you can delegate your hive power. In the hive ecosystem, this is yet another option to generate passive revenue. A lot of beginners are unaware of this. Early in January, I spoke with a man who is also a newbie like me. He revealed to me that he had never joined the HPUD or powered up his token.
When I questioned him about it, he replied that the hive stakes would be wasted and that he needed money to pay certain debts. I therefore informed him that increasing his hive power would result in passive revenue. Delegation to select communities, such as India United, Leovoter, etc., would receive daily benefits. The more your delegation, the more rewards you receive.
The three ideas listed above are excellent recommendations for creating a long-term investment strategy for the Hive ecosystem. Such opportunities offered by Hive are not available on any other site. The future needs to be secured, which requires dedication when investing. Keep in mind that you should continually grow your investment with what little you have.
Thank You All For Reading
