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Friday Finance 8/12/2022: Making some moves

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It is time again for another Finance Friday/Friday Finance. This is a series I started where I talk about random bits of financial stuff that I have seen, gathered, or experienced during the week. I hope as a reader you find it informational, entertaining, or both. I also hope it can generate some good discussion and edify the Leo community.

It actually feels kind of good to be sitting at my desk on a Friday to write this post instead of off somewhere exploring nature or camping. No really, there is something about routine that just feels good sometimes.

Of course it is all going to get shaken up again next week when I head off on our last camping trip of the summer.

It's been an interesting week for sure. BTC was brushing that $25K mark and then following @edicted's prophesy from long ago, the Sturgeon Super Moon or whatever it is called showed up and brought with it a lot of red on my charts.

The moon was impressive if you got a chance to see it. We had a perfectly clear night where I live, so on my way into work it was shinning brighter than the sun.

Investment Moves

I got an email from one of my investment managers this week saying that he wanted to talk to me about one of my holdings. Typically when this happens it means he thinks I have enough of one holding and he wants me to start putting my weekly draw into something else.

That wasn't the case this time. Instead, he was suggesting that we move my investment in AEPGX EuroPacific Growth Fund over into AWSHX The Washington Mutual Investors Fund. His concern stemmed from the general volatility that the Asian markets are going through right now and he wanted to look for something more stable. Either that or he is getting a big commission right now for moving people into Washington Mutual Fund. It could really be either.

Anyway, I was a bit skeptical at first about pulling all of my shares and reducing my diversity. It wasn't until I looked at my overall portfolio that I realize I still have global market exposure in a couple of my other funds, so it isn't a huge deal.

Funny story:

I used to own some Washington Mutual Fund, but like a fool I sold it a long time ago to buy something else (Apple maybe?) Probably not the biggest mistake I have ever made, but looking at the capital gains and dividends every year for the fund I have always kind of regretted selling it.

No need to feel that way anymore as I am now the proud owner of a couple hundred shares of The Washington Mutual Investors Fund again.

HBD Goal Met

I've been working for a while now to reach the goal of having 5000 HBD tucked away in savings. For a while things were moving very well, it was Football and College Basketball season in the US and I was earning extra income each week from my sports account posts. Then those seasons ended and I was back to relying on my main account to grow my HBD.

I realize 5000 HBD isn't much compared to what some people have tucked away in their savings account, but it still should earn me about 1000 extra HBD per year and that isn't anything to be mad about. Plus, I plan on adding to it, so it will just keep growing.

I know we should all use what happened with LUNA as a cautionary tale, but my ultimate scenario would go something like this:

These new announcements and collaborations from Splinterlands drive the price of SPS up to something like $3 per token. I sell two thirds of my stack into HBD and I move that into the savings account. That would give me something like $40,000 per year in interest at the current rate of 20%.

Not bad eh?

Honestly, I think it is probably a long shot for SPS to reach those levels. I think it will go up, but maybe not that high. Crazier things have happened in crypto though am I right?

It could be any of the tokens I hold. It does't have to be SPS, either way, my plan is to move a good portion over into HBD to give me a substantial form of passive income.

Earnings Reports

It seems a lot of companies are coming out with their earnings reports this time of year. @cryptictruth already touched on the fact that Coinbase had a per share earnings of something like -$4.00 or something like that. I really didn't even know that companies could have a negative per share earning.

How does that work? Do they take money back from the shareholders?

Many of the other companies that I have small holdings of in my Robinhood account also reported per share earnings in the negative numbers. I don't think any were as big as the Coinbase loss, but negative is negative no matter how you look at it!

Anyway, fingers crossed things turn around and quarter four brings us all a little more prosperity both in the traditional and the crypto markets!


Sports Talk Social - @bozz.sports



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