Turning Hive Rewards into Real Investments: Week 5
It is the fifth 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. I think for a couple of months once the investments mature. I have started this with investment in TTSLA token, the first real world asset launched by Leostrategy
Thanks to @terganftp for providing another 5HBD and 46HIVE. He has been a huge supporter of the project and he has many other innovative projects in the wraps.
This is the fifth week of that journey and as promised, I will let you know how it's going.
Mutual Funds
At the beginning of week 4, we had 18,507.08. At present the investment is now 40,415.45.
We made some deposits meaning total earnings are 408.97.
This means the total return in mutual funds is 40,415.45 from a capital of 40,006.48.
Stocks
The Nigerian stock market is rebounding after series of negative news out there and the stocks bought are rebounding to entry point and profit soon.
The shares are currently down by 3.02%. That means the stocks worth 14,735.4 are now worth 14,290.35
I am unfazed because it is a long-term game for stocks and I believe the tide will change in no time. I expect that things will return to normal by month end.
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.
TTSLA
I checked and was interested in it. TTSLA is Tokenized Tesla and the first Real World Asset (RWA) launched by LeoStrategy. It is a synthetic token designed to track TSLA shares price on a 1:100 basis.
The 2 TTSLA worth 72 HIVE at asking price last week is now worth 74 HIVE. I expect Tesla shares to increase soon which mean TTSLA should appreciate too.
I have also been receiving daily yields from my TTSLA holding in the form of HBD
What I Learned This Week
Compounding is slow but a powerful metric. Consistency is key. I expect stocks rebounds to continue since the NSA met with USA Secretary of War and some positive news coming out of the country. Stocks is a long term thing and I am ready to ride the storm
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
Week 4 mutual funds: 17,089.37 to 18,507.08
Week 4 stocks: 14,222.5 to 14,074.95
Week 4 Tokenized Assets: 62 HIVE to 72 HIVE and 0.01 HBD
Week 5 mutual funds:14,074.95 to 40,415.45
Week 5 stocks: 14,074.95 to 14,290.35
Week 5 Tokenized Assets: 72 HIVE and 0.01HBD to 74 HIVE and 0.067 HBD
See you next week.
Posted Using INLEO