Financial Goals 2021

in LeoFinance3 years ago

Whilst we all watch BTC and LEO continue to make new highs, this feels like a good time to get involved in the latest initiative by @theycallmedan and @leofinance. Details and the questions posed in relation to your #financialgoals2021 can be found here.


Tl;dr - Be more like @purepinay!

And no, I don't mean ordering a lamp built on 3 unfinished games of Jenga, or tearing holes in my (already slightly holey) jeans. Just a few days into 2021, and she's made a million, of something at least! (Well done!)


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Be more like purepinay in 2021!


For most of us, a million dollars, pounds, euros, is pie in the sky thinking, but it's nice to have some targets. Hey, if HIVE hits the STEEM high of $8.30, I'll have about a million $ worth of HIVE, likely all vested - good on paper, not so good in the shops. Anyway, question and answer time...

Which is going to be your investment strategy for 2021?

Dump some HIVE and LEO before the taxman in Spain comes into play. I should, but it's unlikely I will do that before April this year, which is when I hope to switch from UK to Spanish taxation. The UK has a rather generous £12300 Capital Gains allowance in the current tax year, and so it could make sense to offload some crypto before then. Like the ones in profit - see, I told you it wouldn't be HIVE :)

Do you have any specific assets that you want to invest in?

I do, and it would be some bricks of my own. For this to happen though I need to 1) Ensure I am legal here in Spain by way of residence and tax purposes (in progress), and 2) Save up a deposit, and 10% of the value of a property as a 'thank you for the sunshine ahead' to the Spanish government, who want around that percentage just for buying your first home. No wonder so many expats and younger Spanish nationals rent - in the UK, this 'stamp duty' is currently 0 for first-time buyers, but that's not where I want to be.

Preferred Investment? Crypto, Real Estate, Commodities, Stocks?

Sold my 2kg of Silver recently for small profit. No plans to buy any metals again, they are 20th century business IMO.

I have a couple of stocks, massively down, but showing some signs of revival at present. If/when they breakeven, I'll be selling and not getting involved. I have a private pension playing that game, hopefully better than I.

I spoke about getting a property previously, not really as an investment for myself, but perhaps for my daughter. It would be sweet to leave her a place in Spain.

Crypto is my preferred investment to turn money into more money. Writing, curating, delegating, loaning, trading, gifting, and more. We are in the right space, and I keep hearing it's still early days.

Do you have a plan or a set of goals on how to use and grow your stake?

This feels like a Hive chain related question, and so I'll just say, likely the same as I have been doing for the past 4 years.

  • Thou shalt not create undercover alts to post shite and self-vote when the price goes up
  • Don't be greedy
  • Don't be a dick
  • Take part in the new stuff, even if it turns out to be a dud (hi Drugwars)
  • Delegate to curation projects
  • Throw a little bit on dlease
  • Continue playing the mighty @splinterlands
  • Write some posts and be thankful for the support

Share your prediction for the price of Hive and LEO in 2021.

I've read a few of the posts under the #financialgoals2021 tag and the HIVE predictions are not so uplifting. So, I'm going to go the other way and suggest that when the Institutions have finished pumping the big 3 and the early investors are unable to resist 100k BTC, 5K ETH, 500$ LTC, they will slice their bags and start playing with the Alts.

$2 HIVE, based on not a lot
$2 LEO, based on loose 5k ETH prediction

And at those prices, my goal of some property will be in sight, if I can dump some tokens in time :)

Cheers

Asher

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I'd feel pretty rich at $2.00 Hive and it really is not to far away. I do think real estate is a good investment especially when one is looking at it from a generational approach. The home I grew up in cost my Father $16,000, 4 bedroom 2 car garage, that 16,000 probably only covers the taxes and insurance in today's market. So an outskirt of town place in 15 years might be in town and much more valuable.

$2 doesn't feel too greedy and would be huge for me also. The fallout into Alts seems less likely with institutional money but there should be some trading money around and HIVE should have its turn.

The home I grew up in cost my Father $16,000, 4 bedroom 2 car garage, that 16,000 probably only covers the taxes and insurance in today's market.

Yep, pretty much in line with what I'm seeing here - different times indeed!

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Hey good to see you're still hanging around man. I'm too busy surviving to think about investing 😂 2020 was crushing in every aspect. But, I did successfully take all of steem/hive/engine tokens and turned them into btc. Despite being hungry broke many times this past year i refused to sell. That is until days ago at 33k. So I'm happy and I kept a teeny amount to sit on. It literally is saving my ass and paying for treatments. Having stumbled upon this platform have me an education, entertainment and again legit is giving me a hustle option to keep rolling in the dystopia.

Cheers mate

Hey, well done!

Offloading everything into BTC was totally the best choice!

Seems you had to sell for some essentials, but that's what it's for right?

Happy New Year, hoping for a better one.

Yes sir, it worked out famously!

Happy new year to you too and I'll stick around and we will make the year better!

Those are some pretty awesome goals and some really great things to remind yourself of. Continuing to be virtuous when things really start getting crazy will be a great thing. I hope I can hold myself to the same standards! I was thinking maybe I should start leaving a little Hive liquid instead of powering it all up just in case...

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Cheers 🍻

Liquidity is nice, gives some options. I have mostly taken the wrong option though, like powering up 25k a few days before huge spikes!

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I do the same thing. I have liquid Hive sitting there and then I say to myself. I should just power this up so I can make more... It's an addiction really 😀

Yep, I have these thoughts daily!

i hope you succeed in your goals! I predicted hive and leo reaching 1$ and to be honest i would be very happy if that happens, imagine if it reaches 2$

Also ohh man i remember purepinay back in steemit days... who knew she will become a millionaire.

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Thanks!

A dollar or two doesn't feel impossible, and things could snowball from there - Hive is in a much better place than Steem ever was.

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totally agree i tried and try as an experiment to be a little bit active on steemit for the past week or so, it's totally disastrous :P

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Sold my 2kg of Silver recently for small profit. No plans to buy any metals again, they are 20th-century business IMO.

I have a few trinkets and investment 'paper' positions, but I agree with you. I'll keep the tickets for the hell of it and sell the paper in 10 - 20 years. I don't believe in conspiracy and think boomers will buy gold if anything really bad happens in the next 10-20 years. I won't keep it after 2040.

I have a couple of stocks, massively down, but showing some signs of revival at present. If/when they breakeven, I'll be selling and not getting involved. I have a private pension playing that game, hopefully, better than I.

Get a book on ETFs (ETFs for dummies will do). 2020 was a winning year all around and 2010 was a winning decade if you were properly diversified.

I spoke about getting a property previously, not really as an investment for myself, but perhaps for my daughter. It would be sweet to leave her a place in Spain.

I think we talked about this, although I could be mistaken. I have the same idea, but in Canada. I'll use it for building a retirement house on. Winters suck there, but I plan on having enough cash to easily be able to afford a few weeks in the tropics every year at a simple place.

Crypto is my preferred investment to turn money into more money.

I like crypto, and am up to pretty much the same things as you (I am probably more of a BTC maximalist) but I'm not as heavy in crypto. Although if the prices keep rising the % of my overall portfolio in crypto will naturally increase.

$2 HIVE, based on not a lot

Yeah, I had +/- 50%, I hope I'm wrong and you are right.

$2 LEO, based on loose 5k ETH prediction

I don't know much about LEO, I heard the current price is around 30 cents and it seems stable. I didn't know it was attached to ETH so much. I guess that's good. 5k eth would be amazing. I could retire in a year :)

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I thought i might take some flack from the PM bulls with that comment so its good to hear you don't really rate hiding metal as well.

Your post made me feel like I need to sort my shit out a bit better 😁

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Physical PM is for collectors and preppers, I have a few I've received as gifts or whatever. The gold bugs had a good 2020 (24.81%) and beat nearly every portfolio that wasn't leveraged or tech-heavy, although they can't say that about the previous 10 years (2.55%) finishing practically last next to really dumb things like savings accounts.

Getting into investing in the markets is just like crypto, you aren't too late and you aren't too old. I assume you can open a great account in the UK. Just manage your risk based on age and experience like anything. Get that book on ETFs and have a look here http://www.lazyportfolioetf.com/ for some ideas.

I've been so busy doing other stuff, so I haven't really followed the development of LEO. I've been making my crypto holdings lazier and lazier, too When I have time again I'll get back into trading crypto. It's just moving up too fast now to bother. I'm pretty happy with my returns, getting greedy or reckless is not a good move.

lol, nice summary on the PM situation. Yup, definitely not heading back in that direction.

I'm pretty happy with my returns, getting greedy or reckless is not a good move.

Sounds good to me, in profit and not afraid to take some while it's there.

ETFs, I'll see how things are looking in 5 months - UK or here for the long term.

LEO is relentless and is tied to ETH with liquidity pool business. I thought you might be into that sort of stuff, but yeah, it's motoring...

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Hello dear friend @ abh12345 good afternoon
You have a very good way of looking at things, your forecasts are consistent, investing in bricks is always a good option, it is good that you think of it as an inheritance for your daughter.
I really appreciate that you let us know your investment intentions
have an excellent afternoon

Hi jlufer, thanks for the support and encouragement, I wish you a prosperous 2021 :)

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Nice goals Asher!

Thanks Mary, have you written about yours? I should go see 😆

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Not yet, I constantly think about them though

Sounds like a good plan!

Why not just keep your tax base in the UK if it's more favourable over there than Spain?!?

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I'm pretty sure you don't get to choose your tax base and have read in multiple places that taxes need to be paid where you reside. I guess if you have a home in the UK, you could claim that it is there, but are they going to check?

I'm ok for the time-being, but things will be different if/when my country of residence changes.

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I can't imagine the HMRC are going to be in a position to check anything for a year or so, while they deal with the backlog of covid related relief claims!

I'm not in a rush to change from the UK myself, the tax regime isn't too bad there, especially when you're on a low income!

All of this formal stuff is really ruining my enjoyment of moving abroad, it's such a load of bullshit!

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Be more like purepinay in 2021!

That is a good one - millions are always good depending in what currency - please admit you just used her attractive pic for your post lol. Kidding - good post - even I am currently considering attending a contest again.

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ha :)

If I had used the image as the main one then I would concede, but there is no clickbait here! Cheers!

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sure - was fun - i finally wrote also a post, hover over that I get at least one real comment :-)

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Solid goals, @abh12345.

Bring it on!

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Cheers! Roll on the Alt market bonanza :D

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Let's see what happens. Btw solid goals :)

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It is all we can do, cheers :D

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20$ hive one day 😀.

You never know, this could be the next bitcoin.

20$! Go on then, I will dream with you for a short time :)

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It's rewarding to read your post and know a little more about you, thank you for inspiring us. I hope you can achieve all your goals this year, including the house for your daughter.

I think I was very optimistic with my predictions of the prices of Leo and Hive! lol.

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Thank you very much @samgiset :)

I will check your optimism now!

Hi I bought your ENGAGE token and I wanted to know how it works, like how many I can give per day, if you wrote a post you could send it to me

!ENGAGE 1

Thank you for your engagement on this post, you have recieved ENGAGE tokens.

It looks like a great goal, best of luck to achieve this :)

Thanks dude!

I should write this. But I am nervous to be truthful :)

Also highly preoccupied last couple of days.

Your plan sounds good. At $8 hive.... well I can’t think! :)

I understand, I think :)

HIVE looks terrible against BTC but I'm hopeful for a run of sorts - 8$ though, dreamland :)

Good luck in Spain.

I would prefer having a house in chillout sunny spain over a house in rainy Britain any day.

I believe we might get an irrational pump in Hive like we had with Steem in 2017 but this time maybe bigger and with more long term impact on the platform.

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Thank you very much :)

I believe we might get an irrational pump in Hive like we had with Steem in 2017 but this time maybe bigger and with more long term impact on the platform.

Bigger? That would be unreal for me financially, and i guess many others. I'll settle for the rational, steady rise - Hive is just in a far better place than Steem was at the end of 2017!

Well we are also much further down the list of the Top Cryptos, Hive is a fart in the wind right now when looking at te market cap, thats why I predict even harder breakouts if we are part of a 2017-style altcoin wave in 2021

I like your optimism a lot :)

Seems someone else is also quite positive about Hive at present

https://peakd.com/p/@dan/the-next-step-to-defend-our-freedom-of-speech

im not that optimistic, if I would be I would buy a lot more Hive or at least some LEO. Im just saying an irrational spicy bullrun is one of the scenarios we can expect.

not sure what @dan smoked... making hive not rely on the internet... i want some of the same he had :D