As a newbie on Hive, I am learning fast thanks to @terganftp, research and observations. Sometimes, I dedicate hours to learning more about the chain resulting in over 20 bookmarks.
One of the things I love about Hive is the reality. It is a world on its own and the value you get here can redefine your life.
A few days ago, after I made this mutual funds post, @terganftp sent me 5 HBD and encouraged me to use it as a seed for mutual fund investing. That gesture meant a lot because it opened a whole world of possibilities which is reinvesting Hive rewards into real world financial assets.
From Hive to Naira and Mutual Funds
I converted my HBD to Hive before converting to USDT then Naira. I then funded my mutual fund investment account with the sum of 7,000 naira.
It might sound small but the compounding effect and move of taking digital earnings from a decentralized platform and reinvesting in the traditional system is something.
I intend to also utilize my HBD rewards in the same manner. Although, with the recent knowledge on some aspect of hive, I will be splitting that into three parts. One part will go into aggressive investments, another will go into conservative investments, while the last part into hive investments such as delegations, DaPPs, and other investment instruments on Hive.
I started with Actifit already and the Move to Earn DaPP shows a great way of earning while exercising. It only needs consistency and support.
The Investment
Why Mutual Funds and Stocks?
As someone who runs a recycling company, I understand how important it is to make money work for you. I am of the opinion that a good entrepreneur should be able to make smart financial decisions.
Mutual funds allow me to grow the funds safely while stocks offers a similar but aggressive approach. It also allows me to have a stake in Nigerian companies.
The plan is to start small and stay consistent. I will be documenting the outcome on a weekly basis on Hive. The update will show how the investment grows and how I manage to balance between Hive rewards, stocks, and mutual fund contributions.
Without @terganftp encouragement, I might have delayed this step longer. Sometimes a push is what you need.
Special thanks to @terganftp and the Hive community.
I call on everyone to support this initiative. Your support will make this plan a success and can be used to showcase the world a real journey from someone turning Hive income into traditional investment.