RE: Saturday Savers Club with @susie-saver | Week 38 - Saturday 17 September 2022 | EDSMM Giveaway | Win EDS for Comments - everyone welcome
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Had a really good week on the savings front including landing a 5k delegation from LPUD (woo hoo !). My post for the week is here:
https://leofinance.io/@hoosie/saturday-savers-club-progress-week-26-17-09-22-awesome-week-lpud-inc-delegation-ppud-and-spike-in-hbd-helping-to-boost-my-edsmms
I'm mixed on the automated savings idea - Advantages; if I joined I would make sure I committed to it, so it would then be another savings mechanism, and the mention of prizes/giveaways is always an incentive :), plus I like the community aspect of it all - thats positive. Disadvantages; I tend to make a call on my investment choices weekly depending on prevailing conditions, and I'm careful about what I invest in and dont actually use that much to invest, and so this would constrain some of that for me. I'd also have to be sue of the mechanism used, as I'm not at all familiar with what you have mentioned.
In terms of the automated part, I'm quite mixed on it - I like the idea that I dont need to worry about it happening, but I also dont like the idea that it will happen without my say.
Honest opinions because you asked, however, I'm open to finding out more about how it might work.
Many thanks @hoosie
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Congratulations on the delegation, that's great news! 😍
We welcome honest feedback - no point in setting up a scheme that doesn't help savers. For some savers, it would provide the added structure they need, for others, they like to have more flexibility.
You'll find the recurring payments facility if you go to the "send" menu in the liquid HIVE section in your wallet. In the bottom left-hand corner, there's a slider to activate recurring payments. If you turn it on, you're offered the number of payments you want to make and how frequently you want to make them. The arrangement can be cancelled at any time and will automatically stop if there is not enough HIVE to make the payment.
Thanks - I hadnt realised that function was there - thats quite handy actually - and fully in your own control !
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!CTP 😍
Hello @hoosie. I'll visit your savings post later. Yes, that certainly is a commitment to an automated plan. I utilize the automation for 2 other investments. I'm mixed on whether to enter a 3rd commitment as sometimes investment opportunities arise and I need my available liquid on a weekly basis.
Take care.
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Thanks - I am interested I the proposal though - I dont have another automated investments at the moment, so I'm interested to see what comes !
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He was just going through a stage.
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Love you winning that 5k delegation!
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Many thanks !!! Its going to be a big help this month !
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Yeah should be a month without going to the market for lpud for you!
Well, I did actually manage it last month believe it or not - I'd been working on my other income methods and particularly my HP delegation to @leo.voter. With a bit of luck this will give me the final boost I need and see me through to not having to purchase from the market again.
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Yes I just buy from the market to top up if I see LEO is a good price!
Congrats on the delegation!!
Many thanks, its appreciated - its nice to get some luck now and again !
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