78 days ago my dad told me he wanted to invest into Steem.

My dad has no interest in writing blogs or curating content. He just wants to invest.

He never believed in the platform until he learned through me about Steem Monsters and their business model (selling cards for money). This was something in his world he could understand and it sparked interest.

I bought 5000 euro worth of STEEM for him right then and there.

I powered it up and put it into two projects 50/50: Smartsteem and the rising (they both give a decent ROI).

Let's see how he did so far and I think it's fun if I update this once every 3 months or so.

How did he do in STEEM?

If Steem is a currency then it would make sense to see how much more STEEM he has now.

Because we started from Euro I had to go to BTC first and then STEEM. It took some fees.

78 days ago 5000 euro bought 12,800 STEEM.

He now has 13,024 in STEEMPOWER (+224 STEEM) and 384 LIQUID STEEM (+384 STEEM).

In total: +608 STEEM or +4,75% in 78 days from the starting point.

602 STEEM ( x 0,26 euro) = 156 euro.

How did he do in Euro?

Because STEEM went down compared to the euro he could have bought more STEEM today for the same amount of money: 20385 STEEM.

This is what his floating loss (it's only a loss when you sell) is:

12,800 STEEM + 580 STEEM = 13380 STEEM.

13380 STEEM (x 0,26 euro) = 3478,80 euro.

A current floating loss of 5000 euro - 3478,80 euro = 1521,20 euro.

Conclusion.

It's easy to say that in hindsight he should have bought today to get more STEEM.

But that's always easy in hindsight. Buying at the absolute bottom is impossible in my mind and nobody knows where that is even now.

All I know is that If STEEM goes back to 37 cents at some point in the years to come he's break even. And this number will come down with time because he will accumulate more STEEM.

I was surprised to see how much STEEM he had accumulated already by doing nothing. If this keeps up he will make 2700 STEEM in a year. Which is about 20% from starting point.

Next report in 3 months!