Hello and welcome to this weeks LBI Holdings and Income report. LBI is a pooled investment token based on HIVE with a range of assets backing its token. Each LBI token represents a share of the assets, and the value of that share is published daily on inleo.io as a thread. All you have to do is check our profile page to find the most recent "Asset backed Value" for the token.
LBI has just recently come under new management, and we are working on raising its profile, converting it into a token that shares a portion of its income each week with token holders, while also selecting investments to maximize growth. LBI's roots are firmly planted in the @spinvest ethos of "get rich slowly". We don't chase amazing returns and massive gains, we look for solid investments, long term growth and the magic of compounding.
Here are the Asset prices used at the time of this report:
And here is last weeks report for comparison:
70 Hive added for the week, which is decent for us. Had an extra post payout this week, so that helped. I have not done anything around our HBD - still have not decided to pull the trigger and swap out from HBD to HIVE. The price now of HIVE being around 17 c is very tempting, but I don't know if it is in our long term interests. I've upped the PWR delegation a bit this week, it's now our biggest at 10K, and brings in a bit over 2 PWR per day. HBD won't grow for a bit, as I am pulling out the full interest each day, being 1.7 HBD per day. This is used to boost the income wallet so we can maintain our income levels, and top up extra into the liquidity pool wallet.
Added 150 LEO (from Leo voter delegation) 2 INCOME and 2.5 BRO over the week, which is pretty standard. LEO has continued to show signs of strength, with it increasing as a share of the total fund again this week. Overall, a pretty standard weeks, with the story at the moment being our flagship LEO investment looking stronger. LEO is at 0.16 HIVE today, two weeks ago it was 0.128, so that is definitely a positive trend. Lets hope it continues. One little side note to this is that as we earn funds mainly in HIVE, and convert to LEO in the @lbi-income wallet, as LEO goes up it gets harder to maintain the income levels, as HIVE swaps to less LEO tokens. Anyway, that is something for me to play around with, as I'm very keen to keep our income levels growing.
Minted another 8 DAB this week, which is pretty consistently what we seem to add. RUG yield was much lower this week, and I am holding the DBOND out liquid to list it on the market, rather than just market sell a bit each day. There is less buy support for DBOND currently, and I really don't like selling them below the 1 HIVE "peg". This wallet is my go-to wallet to top up income, as the RUG yield is normally huge in terms of DBOND payout, so I can pull some of that yield and still grow. If I did pull HBD out of savings to buy HIVE - I'd definitely look to add a big chunk of DBONDS to this wallet.
This is the easiest wallet to run, it just does its thing without any intervention from me. 22 EDS added this week, which is the same as the last two weeks. The weekly income was higher this week, as it was missed last week. Would love more miners, but it is what it is. Super consistent as always, and as our EDS amount grows, the income will become significant. For now we are still in the growth phase, but its reliable and predictable. I predict we will grow by around 22 EDS over the coming week.
Another 22 HIVE in value added this week. Income is not really growing, as the pool is growing at a rate that means we don't really increase our share of the pool. But in any regard, 22 HIVE in value growth each week is good for our long term asset base. As always, rewards both from the delegation and pool payouts have been supper reliable.
I've started collecting the SIM we get from the pool each day liquid, and will match it with some HIVE at some point to grow the pool a bit faster. This wallet spins out 0.35 roughly HIVE per day to income, which I'd like to build up over time. Not really a high priority to build up quickly, but just adding a bit here and there over time.
No changes again this week. I do think a resolution to the bHBD unwrap is getting closer. I've had some contact within the support ticket, so hopefully "soon".
We hold just over $20K in value for another week. With HIVE dropping this week (for something different) the HIVE value has pushed up over 0.6 HIVE per LBI, and with LEO doing better the LEO value per token is fairly flat. Here are last weeks numbers for comparison:
As you can see from the above, each of our wallets is adding more tokens every week, with EDS and PWR adding over 20 HIVE value consistently, SIM is less but still growing (with a smaller amount of assets invested) DAB is more erratic as I'm using growth here to maintain our income levels. HP balance is growing, bit by bit, week by week. Overall, I think we are in good shape. I'd love to see the USD value growing, but that is really a function of the HIVE price more than anything.
Here is the full weekly income tracking and distribution sheet for the week.
Managed to pull a few tricks again to keep income up over 750 LEO level. Used some DBOND and a bit more of the HBD interest to do so. I'm still not eating into assets, and never will, to maintain income. Simply skimming out some of the built in growth to keep it consistent.
Dividends went out last night.
We burned 5.288 LBI this week, which is a good amount. Over the 14 weeks since I took over and implemented this weekly burn, we have burned 56.958 LBI in total. While this is only 0.03% of the total token supply, it will make an impact over time. We are growing our assets, and slowly reducing our circulating supply of LBI tokens.
That's it for this week, hope you all have a great week ahead, and thank you for checking out this weeks report.
Cheers,
JK.
Posted Using InLeo Alpha
Sir I think throwing 100-200 hbd to gifu is more than a decent bet. They just sealed a deal with a second hive game according to ray (all profits in gifu will apparentlybe burnt) and they have some other things in the immediate pipeline that I have suggested and they accepted to do 😄
And it's natively on bsc so it has much more potential than other tokens on hive engine
Yes sir, I will get us in it soon.
Nice job keeping the income up! It was an interesting week for sure. I think a lot of people thought a new ATH was incoming with BTC.
I'm trying to hold around 750 per week for now. Would like to push up to 1000 LEO per week, but gotta change a few things up to get there.
Sounds like a plan.
Fantastic work that will yield results in the medium term.
Thanks. Medium to long term is our timeline, the week to week fluctuations are just steps along the path.
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