Dollar Cost Averaging On Steem-Engine

Let’s throw this out there right now…

I’ve got about as much talent in investing as a 2 year old.

People throw all these fancy terms at me like margins, calls, puts and options and I look at them and give them blank stares…

I’m just not good when it comes to this stuff. So I try to get involved with the simplest form of investing on earth…

Dollar Cost Averaging.

The idea is so simple…Spend the same amount of fiat, every week or month…No matter what the price is.

It’s how I’ve been building my Steem Power since I joined the blockchain. Sure I create (and now curate) but I’m still going to @Blocktrades and regularly dipping into fiat and bringing it over to Steem.

And it works…It’s not sexy and it’s nowhere near the excitement (or risk) that day trading provides…But it’s pretty cool to watch your stake grow and grow. Without overthinking things…

Again, I like simple 🙂

And a few weeks ago I asked you guys…

What was your favorite token / tribe on Steem-Engine?

It got me thinking…

We should use that same model for our investments here on Steem too…

And thus began the idea…I’m going to start to ‘Dollar (SteemP) Cost Average’ into the projects I think have some big upside…

Here’s the plan…

Every day I’m getting about 10-20 Steem from my content creation and curation efforts. On top of that, I regularly bring in around 100 Steem every week from my dollar cost averaging into Steem Power. I need to decide how much I want to transfer to Steem-Engine and use it for my investing in tribes and projects on S-E!

Some quick math…

Roughly 100 Steem / Week in curation and creation + 100 Steem from DCA = Around 200 Steem Per Week

I never want to spend more than I can afford to lose in both cases…So we need to decide what we can spend…

Around 70 Steem Per Week – Will be my target going forward to spend on projects I believe in on Steem-Engine!

Fantastic…Next we should decide what we are going to dip into?

1. @SteemLeo (LEO)

Without a doubt…It’s one of my favorite tribes on Steem-Engine. First of all, I’m learning a ton by watching how they run things and SteemLeo really does cater to the ‘beginner investor’ I described above. It fits me perfectly! This is the perfect tribe to learn about investing without making you feel like a nuisance…I’m a big fan!

2. @SportsTalkSocial (SPORTS)

Being a huge sports fan, so this is a no brainer for me…And of all the tribes, I think this has the biggest mainstream potential. I can imagine a time when sports enthusiasts from around the world, congregate here on the blockchain…And the #SPORTSTALK token will be their currency of choice. That’s exciting!

3. Steem Power Investments (SPI)

@SPInvest is relatively new on the scene but wow…What an opportunity. It’s an investment club for people that want to benefit from the HUGE potential of the inflation found on Steem. A project that has some big goals and I love each and every one of them!

4. @ReggaeSteem (JAHM)

I love what these guys are trying to build. First off, awareness to the amazing culture that Jamaica has to offer but this is the big reason…Tourism! Imagine a crypto currency built and focused around giving people travel experiences…That’s just one of the plans for ReggaeSteem. Plus it doesn’t hurt that it’s my favorite music genre lol

5. Dark Energy Crystals (DEC)

The in-game currency of @SteemMonsters and unless you have been living under a rock…You know anything @aggroed and @yabapmatt have touched over the past year and a half has been absolute GOLD. I’m betting on that team and I’m betting on the @Splinterlands community as well.

6. ActiFitX (AFITX)

The @ActiFit model and App are flat out awesome! This has huge potential to branch out and become a shining beacon to the masses that Steem is the place to be. Their app is awesome, team is superb and it’s something that I feel has a big future ahead.

7. Qurator Token (Q)

One of the first projects I ever delegated to when I joined Steem was @Qurator and I think with this #NewSteem approach…Projects like Qurator become that much more important. Manual curation and a focus on quality content. To me, that’s a no brainer 🙂

Wow, that’s quite the list…

And I know there are dozens of tribes I may have left out….But right now, I want to focus on building my stake up in these.

I’m VERY bullish on everything taking place on Steem-Engine so I wanna put my eggs in as many ‘awesome’ baskets as I can!

7 projects and 70 Steem….

I’ll be putting 10 Steem(P) into each project weekly going forward…

And I’ll do a follow up each month to show you guys where I’m at!

Currently this is my portfolio for each project

SteemLeo – 3034 LEO
SportsTalk – 121362 SPORTS
Steem Power Investments – 250 SPI
ReggaeSteem – 14533 JAHM
Dark Energy – 4,123 DEC
ActiFitX – 8.5 AFITX
Qurator – 27 Q

I hope you enjoy the experiement…And let’s see how well Steem(P) Cost Averaging works!

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Note: Where’s @ClickTrackProfit and the CTP Token? I thought it would be pretty silly to mention my own tribe. Because I think you guys know how much it means to me and how it’s become my focus on the blockchain. I invest the time, energy and money into building my business…Which hopefully will spillover into the value and use case for the CTP token going forward. This experiment is meant to be for the tribes and tokens I have no direct involvement in 🙂

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