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SIP to LEO for 10 Days - Buying 10 LEO tokens Daily

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@gungunkrishu
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Hey All;

I'm sure we all must be knowing about SIP which is an acronym for Systematic Investment Plan. The main advantage that a SIP has is that it averages out your purchase.

In the fiat world, I have a couple of SIPs running for large-cap mutual funds. And when I look at my portfolio, I see that because of monthly SIPs in mutual funds I did get the mutual funds units at cheaper prices as well. When market tanks and you have your SIPs running it the best time to average out. Also, the main advantage of having SIPs is that its consistent and you need not worry about buying the mutual fund units; it's all automated.

Trying SIP with LEO token

Since LEO is the buzz of the town here on the HIVE community and everywhere as well. I'm gonna start the SIP with the LEO token. Also, I've been quite fortunate to enter the LEO bull run at the right time. To be more precise, I started with buying LEO worth 3K+ HIVE - Buying LEO Tokens Worth 3K+ HIVE, and ever since the journey has been great and I'm continuously looking for opportunities to further build my portfolio with LEO.

So this was about my LEO journey thus far. Now comes the main idea of the SIPs in crypto. I know there would be many people who would be leveraging this SIP technique or whatever you call it. The main point is that I wanted to explore it myself too. So here I'm trying SIP with LEO token for 10 days.

Buying 10 LEO daily for 10 Days

SIP purchase No:- 1

Bought 10 LEO at market price for HIVE and this costed me 16.19 HIVE

Transaction-ID

We all strive for finding the best way to multiply our investment. And without working or striving to find the best way one cannot succeed. I strongly feel that it drills down to one's GOAL that they are trying to achieve. My goal is simple and its to get the maximum from your investment. I'm not in a rush as well so trying to figure out the best possible ways that I can explore & have fun at the same time see my investment working for me.

Will the LEO SIP method Work...

Frankly speaking, I don't know. But with my experience with fiat and SIPs in a mutual fund, it did work most of the time. And there were times when these SIP investments really came in handy when I bought my first home. You never know that a small amount in SIPs can become a huge corpus in long run and not to forget the compounding effects while investing via SIP.

Currently, there is no automated way of doing a SIP for tokens. How cool would it be where we see features/systems of SIPs inculcated? Something like liquid HIVE being converted to the tribe token directly for a stipulated period of time specified by the users who want a SIP for the token.

Have your say on SIP? What are your thoughts on SIPs for tribe tokens and the one specific to LEO that I've started and will be tracking it closely to see where it can be taken..love playing with numbers...

Best Regards

Ps:- Image Credits: leodex, images.hive.blog

Posted Using LeoFinance Beta