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 this weeks asset prices used at the time of this report:
And here is the link to last weeks update post:
Just over 60 HP added this week, which is pretty standard for us now without as much content coming out. HBD Savings have been stable, as I have been pulling the full interest out each day. I have begun a withdrawal of 500 HBD, which is a compromise. We shall still hold 3500 HBD in savings, and be able to pull 1.5 HBD each day as interest. The 500 is earmarked to buy some GIFU, and top up some other things. Everything is going ok at the moment, so pulling a bigger amount of HBD isn't really necessary at the moment. We may have missed the bottom for HIVE, but time will tell. The Dollar value of our HIVE went up by $650 this week, which is really nice. Hopefully, this continues and we see HIVE hold above $0.20, and push on higher.
A nice steady week here, with just a little added to each position over the week, mostly from the "reinvestment" amount from the weekly income distribution. Once the LEO position hits 200,000 I am going to switch over to liquid LEO payout, and add those to the income distribution also. I've said it before, but 200K is a good bag for LEO - if it goes good we have plenty, if it doesn't we have other assets in the fund to keep us on course. So, once my unit bias is satisfied and we have a nice round 200,000 total, this change will be made. It's probably still a month away, at current earnings rates.
When the small HBD withdrawal is available, I will be adding some GIFU to this wallet. It is a token that will not have any income flow attached, just a buy and hold (really just to shut @trumpman up 🤣 ).
Minted 7 DAB, which is the main goal of this wallet (minting DAB). However, I have been using most of the DBOND that gets minted to top the income distribution up and have a bit of liquid options. So I've been channeling the growth that flows here into other things a fair bit, which is not ideal but the high yield that RUG generates in the form of DBONDS makes this possible. Overall, things are growing - I kept 20 DBONDS as growth, and the 7 DAB means this wallet ticks up each week. Overall, at 10% of the funds assets, this wallet certainly does contribute significantly to giving LBI flexibility and it gives me ways to tweak earnings and growth as needed.
As I said last week, this is the easiest wallet of ours to run - the closest to completely passive income and growth we have. The income itself is not yet significant, still less than 10 LEO per week, but its growing bit by bit. As we keep growing our EDS total, the income will become significant. Just over 23 EDS minted for the week, which is around our average. Since we picked up the EDS mining tokens (EDSMM), this wallet is set to grow and build for many years to come.
Another of our wallets with a very predictable, reliable growth plan. 22 HIVE value growth per week. A steady income flowing on top of that growth. The Income isn't really growing, as I think everyone in the LP is doing the same thing, and compounding away, meaning our share of the pool rewards is not growing. Overall, we can see that the DAB, EDS and PWR wallets each have 20 - 30 HIVE per week of growth built in. DAB is more variable, and could be much higher but I am skimming extra out of it to have funds to play with. But the predictable growth of these three wallets is valuable for our fund.
This wallet has not been a high priority for me, it just chugs along. Worth around 1000 HIVE, and generating currently 0.342 HIVE income per day. So we are getting 12% return on assets that we take out, plus a little asset growth from the LP rewards. It is not as significant as the 3 above wallets for us overall, being less than 1% of the fund, but it does a job.
No changes again. Hoping for some word "soon" on our BHBD unwrap - I've had contact withing the support ticket and we must be inching closer to a resolution.
Last week we were just clinging on to a total value of $20K. This week we are pushing close to $23K, which is a really nice result for the week. LEO is looking stronger, HIVE might even have seen its lows for now, and our $$ value is looking nice. Here is last weeks numbers for comparison.
Just for fun, I thought it would be interesting to look back at the token values from our first weekly report. So here it is, from 15 weeks ago:
Basically, over the 15 weeks, the USD value per token has fluctuated between $0.100 and $0.120, the HIVE value between 0.55 and 0.60, and the LEO value between 3.1 and 4.2. Make of all that what you will, I just was curious to look back a bit.
Here is this weeks full income tracking report:
Some of the gaps in the table are simply from changes to when I am recording the info. SIM did miss a few days of payments. Overall, I tweaked a couple things and pushed us over 800 for the week, for the first time. My goal is to build this up to 1000 LEO per week, without "stealing" too much of our asset growth in the process.
We bought back and burned 5.385 LBI this week.
Just want to throw in a little personal update here. My time will be limited for a while as I have had to get a second job in the fiat world to make ends meet. If you watch the liquidity pool, I have pulled my funds out for now, and sold the LEO (for now) as I needed urgently some fiat funds. LBI is pretty much the only crypto I have left personally. Anyway, I have this second job now, so if I don't seem to be around as much, that's why. Hopefully, it will mean I don't need to sell any more of my LBI, and can hopefully start to put some funds back into HIVE to rebuild my crypto holdings. Anyway, that's the personal news, so if I don't seem to be as active, its just because I'm really busy in the fiat world.
Thanks for checking out this weekly update post, have a great week everyone.
Cheers,
JK.
@jk6276
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Yikes, I hope everything goes well for you there!