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.
Welcome to report number five of the new era for the LBI fund. Here are the prices used at the time of this report.
To compare these results to last week, you can see last weeks outcome in this post:
@lbi-token/lbi-weekly-holdings-and-income-report-week-4-26-aug-2024-f9f
This report will be on the brief side, and the numbers are a little out of whack. I had this post mostly ready to go last night before I went to bed, to post today. The draft I saved has disappeared, and I've got to re-do it all. Just a reminder to save things off-line just in case. Anyway.
HIVE Wallet
A good week, strong post payouts have been helping us grow nicely in HP. Over 200 gained again this week, which is good. HBD tracking up a bit, and with HIVE and LEO values both down, HBD is now over 25% of the fund. It's been nice to have this as a backstop to cushion the fund from sliding back in value more. If HIVE keeps dropping from here, it will become more and more tempting to pull some HBD out to buy HIVE to give our HP a big boost. Time will tell.
Hive Engine Wallet.
Almost 300 LEO in growth this week for staked LEO, from leo.voter. I added a little BXT, BRO and INCOME from the reinvestment funds again last night. LEO has slipped over the week from nearly 30% of the total fund to 27%, reflecting the price drop of it relative to HIVE, and HIVE relative to USD.
@lbi-dab
Another 100 or so DBONDS came in yesterday from RUG, so its nice to see that still doing well. I'm starting to feel the DAB mintage increasing. No changes planned for the week ahead.
@lbi-eds
No changes for now with this wallet, but the week ahead could see a big move made. I'm looking at buying a big chunk of EDSMM, and cashing out our EDSD to do it. Current market prices are likely to be a good time to move from USD valued assets to HIVE, so the window of opportunity is good. Currently EDSD mints a good amount of EDS. But if HIVE goes up, it will mint much less. The EDSMM will mint the same whether HIVE is $0.17 or $1.17, so it will lock in a guaranteed steady mintage of EDS for years to come. I'll post an update with all the details, but the process to cahs out 1100 EDSD has begun.
@lbi-pwr
Still just a baby wallet for us. I'd love to have more HP in the main account to boost the @empo-voter delegation, but for now it is slow and steady.
Off Chain
Still no change here.
Totals
Down in USD terms, but we are still clinging just over $20,000 total value. Up in terms of both HIVE and LEO.
Income
Income up a bit on last week, which is nice. Dividends went out last night, a little funds got added to the pool rewards, and 3.996 LBI bought back and burned.
Sorry the update is so brief, but I'm crunched for time and just have to get it out.
Have a great week everyone,
JK
@jk6276