Hey welcome back!
Since my last post on my journey to build a passive income stream - the $hive price decreased quite a bit.
The price decrease hits my entire hive portfolio but especially the pools. In my strategy I accept this risk as it provides me also with higher potential rewards. But over time I will keep using pool returns to reduce my portfolio risks. Figure below illustrates this strategy:
Strategy:
Most of my funds are in pools - for now 70%.
But over time following the sided pyramid I will reinvest the reventue from my risky positions into staking positions. The revenue from my staking positions will grow my HBD savings account. This way I will keep exposure to high potential rewards, but also gradually reducing my risks and dependance on taking risks.
This also provides me with a benchmark to evaluate passive income projects against. The 15% benchmark is obtained from HBD savings. If a project offers less than 15% (purely from a passive income perspective) it is likely to be less profitable and more risky compared to just holding HBD. For me to invest in such a project there has to be something interesting aside from the passive income to justify the investment.
For me #DUO seems to have that additional value and I am happy to include it in my portfolio. I like the growth potential (both in $duo price as projected revenue). Furthermore there are additional benefits such as community trails, daily tipping (worth 0.2 hive/ day) and an active and passionate community. At this moment I am considering getting another 2500 tokens.
I really feel people are sleeping on the #Cent project - as it fits perfectly into my strategy: I use the pools to obtain quite a bit of $cent passively and stake and delegate those to 
So what did I do last week?
- Filled the #pimp and #zing pools to positions above $1000,-
- purchased another batch of #pkm and #sps
Lastly I finally purchased some #HP and #LEO as these also suit my strategy perfectly:
- Delegated 4520 HP to
@leo.voter , which will get me daily staked LEO.
- I delegate the staked LEO to centtoken and receive weekly HBD rewards for them (last week 18% APR)
- End of the week I add the HBD rewards to my HBD savingsaccount and earn another 15% on that position.
Status November 5th
Despite investing another $2k my daily passive income dropped a bit to $7.92/day compared to last week - due to the drop in $hive price. Having a longer time frame - I am not worried and will just keep building consistantly until the passive income is really substancial.
looking forward
I feel my portfolio is now selfsustaining - meaning it can follow my strategy and grow without any additional investments.
That being said - I am eying the following opportunities to invest in additionally:
- Hive holding 4550 - eying 10k
- Leo holding 14944 - eying 50K
- Duo holding 2509 - eying 5k
would love to hear your feedback on my strategy and/or suggestions what to include in my portfolio!