Posts

Spinvest's weekly earnings and holdings reports #21

avatar of @spinvest
25
@spinvest
·
0 views
·
3 min read

Hello, SPIer's. Today is Sunday and we end the SPI week with our weekly dividend payment this evening and every Sunday at 21.00 GMT.

What is SPI? SPI tokens are growth investment tokens that pay a weekly dividend. They have been circulating for over 2 years, on STEEMHIVE. Mostly sold for 1 HIVE, each token today is worth over 4 times its HIVE issue value and 12x its dollar value. On top of that, token holders receive roughly 8% more SPI's every year from weekly dividends. We raised $13k from issuing SPI tokens for the first year which has been used to grow a diverse portfolio of investments, many of which provide streams of passive incomes. SPI tokens are part ownership of all SPinvest tokens/accounts, assets and income. The price of each SPI token is its liquidation value as SPI tokens are 100% backed by holdings. Handcapped to roughly 94,000, no more can be minted are issued. Adding, hold and compounding has us on the road to major growth and these tokens are still growing in value.

SPI tokens are part ownership in an actively managed fund. We have our hands in over 20 investments with the lion share being HIVE, BTC & ETH. We dont FOMO are chase pipe dreams. Tried and tested works best and is safest. Our motto is "Get rich slowly" and compounding down on sound investments is our game. You should invest in SPI tokens with the mindset of not selling for 3-5 years minimum. Let's have a look at this week's on-chain HIVE earnings.

Earnings this week are still around the 800 HIVE mark. Alot of our earnings come from LEO and with its decline against HIVE so goes a whack of our income as well. Bro payout's have increased nicely seen the introduction of the SPS airdrop and new additions such as APE token. Let's hope they keep expanding :) This weeks dividend pool is 117 SPI's worth $345

HIVE holding are steady this week. You'll see 15,000 marked as saving's but they are on Binance. I moved them there to sell and did sell but bought back as well. I sold at $1.06 and then watched the price moon to $1.34 in the space of around 4 minutes. I quickly set a sell order at 90 cent and what to bed, when i woke up, it was $1.06 and i was about the head into work with no way to buying back in for the next 10-11 hours so i bought back in at $1.06 and went to work stress-free. Of course now the price is at 80 cent but when it doesn't drop quickly, i get panicky. Nothing gained, nothing lost.

I'll be converting alot of the "other" from SPinvest to HIVEp as volumes are increasing and we can get close to the shown values.

Off-platform's have been interesting this week with the prices of BTC up 15% from last week. We've all heard that ALT's follow BTC after a week a 2 and if this holds true, get ready to see new all time highs for everything. I believe the next 3-4 months will define SPI's next 3-4 years so im hoping this recent surge is not false hope.

The recent price moon action from HIVE has been good to us. The price of each SPI token jumped to over $3 for a day are so but has since dropped to $2.95. We can see that 36% is HIVE and I think HIVE can hit $3+ during maximum FOMO times. What goes up must come down and selling 10k HIVE for $3 could buy back 50k HIVE 12-14 months in the bear market. Alot of the recent action came from Korea, im not sure what that means but i watched live pump HIVE from $1.03 to $1.38 in around 4 mins, all volume coming from the upbit exchange.

Good week all around, earning are not great but the value of the fund is going up and that is much more important.

I am able to make withdrawals in GBP from Binance again and have registered the domain name spinvest.info for 3 years and signed us up for a 3-year hosting plan with SSL protection. The total cost was £173. Right now I am talking with a guy that will build us a crypto site on WordPress, I'll get looking into an explainer video and even outsourcing the work for SPinvest information, FAQ's and links. I'd hope to have something live within around 4-5 weeks at the latest.

We keep doing what we're doing and we'll be doing ok.

Thank you for taking the time to read through this weeks SPI earnings and holding report. We post every Sunday to keep our investors up to date so please follow the account if you would like to track our progress.