Turning Hive Rewards into Real Investments: Week 3
It is the third week of turning hive rewards into real investments. As mentioned in earlier posts, I intend to bring back the investment returns to hive and continue the process.
Thanks to @terganftp for providing another 5HBD in week two.
This is the third week of that journey and as promised, I will let you know how it's going.
At the beginning of week 2, we had 7,029.76 return from an initial 7,000 investment.
Presently, the investment in mutual funds is now 17,089.37 from capital of 16,930.
Stocks
Don’t forget I also mentioned I will be investing in Nigerian stocks. I kickstarted that within weeks by purchasing 2 banks stocks which are First Bank and FCMB bank shares.
The shares are currently down by 3.48%. That means the stocks worth 14,735.4 are now worth 14,222.5.
I am unfazed because it is a long-term game for stocks and I believe the tide will change in no time.
Nigerian stocks are still massively undervalued especially when you look at the financials, earnings history, dividends and fundamentals.
My weekly progress report is to show you how your Hive rewards no matter how small, they can give you something in real life scenario.
It shows that you don't have to wait before earning 100 USD on posts before investing. You can start small.
What I Learned This Week
Compounding is slow but a powerful metric. The Trump news on Nigeria shook the stocks market but I expect a rebound soon with many seeing and standing with the government over Trump ill-informed statement.
Week 2: 7,000 to 7,029.76
Week 3 mutual funds: 16,930 to 17,089.37
Week 3 stocks: 14,735.4 to 14,222.5
See you next week.
Posted Using INLEO
Grab some TTSLA for stock exposure ;)
I will definitely check it out once again. I love the synthetic derivation idea. It also helps for people like me that find it hard to invest in foreign stocks.
I can easily do that onchain
Excited to see how this works out in the long run. I sent another $5 HBD for next weeks purchase :)
As for Trump's Ill advised statement I'm assuming that one where he said he wasn't ruling out sending troops to Nigeria. If it makes you any better he has enraged Canadians by saying we should become one of the United States.
As for long term Nigerian growth. I have no doubt that there is tremendous potential for Nigeria. It has a large population which is expected to only grow in the next decades. With proper management it will grow as other stagnant countries with aging populations wither.
I am also kind of curious. You mentioned you were looking into TTSLA and that you found it hard to invest in foreign stocks. What is TTSLA and if you were buying foreign stocks which ones would you buy?
Thank you. The 5hbd is well received.
Yes, it's about the statement he made. As a world leader, his statements in the second tenure has been inflammatory and divisive.
TTSLA is onchain derivative that mimicks Tesla stock price in 1:100 ratio
If I had free access to foreign stocks, I would look at emerging and innovative markets
Haha...
That's a bit like I think. Then again, for the Nigerian and Philippine stock exchange would be the emerging markets with long term potential due to favorable demographics and opportunity for advancement in the long term