He's a Banker, He Knows .:. WorkerBee PH-Pool Week 166
The crypto markets are wild again and there is big volatility at the moment, which is an easy topic that I could develop in this post as I was doing in some of the previous Mondays (yes, it's Monday and it's wild again!?!), but I will go in a different route this time... Different, but similar to the last WB PHPool report, where I had to vent-out with that If it ain’t broke, don’t fix it post...
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Just before writing this post, I had a long conversation with a friend who was taking a mortgage to buy his first home! That is awesome news and it can be a very stressful process, but in the end, you don't buy a new home every day... Another important fact about this for a future discussion is that a friend is working in a bank, and it worked with loans and stuff...
We talked about mortgages, loans, interest rates, etc... Speaking of rates, he got an option to pick between the fixed interest rate and variable... The offer for fixed was 4.5% per year, and for variable was 2% + EURIBOR (which is currently around 3.888)... Now we come to the important point where my blood pressure went up... 😂 While, I don't care about banks at all, and things will go OK in both options for a friend, the thing was that someone told my friend that "EURIBOR will go down SOON" and that's the reason to pick that rate!
Again, I couldn't care less about banks, but saying that X thing which depends on so many different variables WILL GO down is the same thing when someone tells me that HIVE will go to $10 at the end of the year, and it will go down to $3... FOR SURE! As EVERYONE says that... The same thing that nobody knows where will go the HIVE price, the same thing nobody knows where the freakin' Euribor will go... Especially not in times when inflation is killing people all around the globe...
Long story short, the cherry on top of the cake was when I was telling the story to another friend and he told me this:
"He is a banker, he probably knows the best!"
In those moments, I got flashbacks of a movie The Big Short and those two bank agents selling mortgages to cats, dead people, etc... They were bankers, they probably knew the best...
Back to the Workerbee report numbers! This week we got one new delegator and we got a few more new delegations from existing members. Welcome, @master-lamps, and thanks for your trust!
In the last 7 days we mined 97 BEE tokens in total!!!
This POOL doesn't have fees and you get up to 20% MORE by delegating to it!
What about the bonus tokens?
As you may have noticed, the price of LEO tokens went up significantly in the last 30 days despite other tokens being hit hard... As I was giving away LEO tokens as a bonus in the past, some of you have probably doubled the value of them if you didn't sell... Anyway, a lot of people are staking LEO tokens to harvest curation rewards (including myself), which results in a very low amount of liquid tokens... As there is a demand for them (paying HP delegators), and not that big offer, the price went up... What will happen in the future? I don't have a crystal ball and can't tell you, but the current situation looks nice...
There will be distributed 20 LEO tokens to the delegators of the pool as a bonus reward today!
As always, in the end, let's give the exact numbers for this week... There will be distributed 97 BEE tokens and 20 LEO tokens as a bonus... The APR (without the bonus) was 10.067%, and when we added the bonus it went up to 12.085%!
I have calculated the ROI approximately with medium prices for all tokens at the moment of creating this post... So, those numbers are valid if you bought WB and sold BEE tokens at the middle HiveEngine price...
Do you want to sponsor the PH-Pool with your tokens, receive a short SPONSORED segment in this post, and raise awareness about your front-end or dApp? Please let me know in the comment section, or contact me through Discord or Twitter and we will find the best solution for both parties...
If you want to join the WorkerBee PH-Pool, the only thing that you have to do is to STAKE tokens to YOUR account and DELEGATE your staked WORKERBEE tokens to THIS account (@ph1102)! Every week you will get your portion of mined BEE tokens and BONUS rewards!
.:. DO NOT STAKE TOKENS TO MY ACCOUNT!!! Just DELEGATE! .:.
All payments will be made after publishing this post...
If you have any questions, please leave them in the comment section!
You can find more about this pool in the initial post here https://inleo.io/hive-119826/@ph1102/workerbee-p-h-ool-let-s-help-each-other
Thank you for your time,
~ph~
PS. @lemonp8ste refund 7/9 (26.98425 WORKERBEE in total), for mistakenly staked WB tokens will be sent.
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I remember when I considered taking a mortgage to buy a house and it would have been variable or fixed, but for a short time and having worries about rates going back up. In the end they stayed lower 10 years longer than I might have thought! Haha
Yeah... Those things can change in a day, the same as crypto... We never know when the next "big catastrophe" will happen... aka your meme from yesterday...
Bye C19, welcome war... 😡
Yes, who would have thought that it would escalate as much as it did.
I think he/she should have staff reduction for the loan interest rate :)
He will do well, I'm not worried about it... I just don't like when people blindly believe in lies that someone KNOWS what will be the price of X asset, or in that example, what will be the interest rate in a year, two, or ten...
It's just irresponsible thinking and acting...
One of the happiest days of my life was the one I paid the last mortgage payment of my house. 🤣 I hope your friend does good business and that he doesn't lack the job to meet the bank every month. 😌
I don't know... If you asked me 20 years ago about taking (and paying back) the loan, I would say exactly the same as you... To pay it ASAP and that's it... But lately, with this inflation, it looks like those who are taking big loans are doing the best... as they return pennies for the big money that they took before (while it was worth something)
4.5% per year is ridicolous, HBD has 20%
Exactly! That's the point... That's why I would rather take the fixed amount right away than risk and waiting to variable rate to go down...
!BBH
@ph1102! Your Content Is Awesome so I just sent 1 $BBH (Bitcoin Backed Hive) to your account on behalf of @fiberfrau. (1/5)
Thanks!
Congrats to your friend! A new house on the way with the mortgage. I hope he choose the best rate that he can fulfill.
Thanks for the pool. Added 1.4 Workerbee to the pool 🤣. !LOLZ
!ALIVE
@ph1102! You Are Alive so I just staked 0.1 $ALIVE to your account on behalf of @ cursephantom. (2/20)
The tip has been paid for by the We Are Alive Tribe through the earnings on @alive.chat, feel free to swing by our daily chat any time you want, plus you can win Hive Power (2x 50 HP) and Alive Power (2x 500 AP) delegations (4 weeks), and Ecency Points (4x 50 EP), in our chat every day.
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@ph1102, I sent you an $LOLZ on behalf of cursephantom
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You are welcome! And thanks for the additional delegation!
I don't think I would ever choose a variable rate when buying a house (of course, I've bought exactly one house in my life). Fixed rates would definitely have to be higher than 4.5% for me to even think about it. If interest rates go down significantly, you always have the option of refinancing a fixed rate and are protected from increased rates. With variable rates, if rates go up you are just screwed...and may not be able to afford it.
Agree with you on that! There is a proverb, but in another language and I will try to translate it...
It's better to have a sparrow in hand, than an eagle on the top of the tree...
That fits perfectly for this fixed vs variable interests dilemma :)
There's a very similar common English proverb: "a bird in the hand is worth two in the bush"
@tipu curate
Upvoted 👌 (Mana: 21/51) Liquid rewards.
Thanks for your curation! Appreciated!
Thanks for the LEO. I am excited about what LEO is building with leodex right now. !PIZZA !BBH
@ph1102! Your Content Is Awesome so I just sent 1 $BBH (Bitcoin Backed Hive) to your account on behalf of @dkid14. (1/5)
You are welcome! We will see... Maybe this time LEO doesn't dump after a few weeks...
$PIZZA slices delivered:
@dkid14(1/20) tipped @ph1102
When talking about money, in any form: fiat, crypto, credit, loan, mortgage, gold..., the most important thing is to stick to the abbreviation I heard a long time ago (even before entering the crypto world), NFA.
Financial advice, I neither receive nor give, I even try not to talk about money in any form outside of my family. I can only listen to what they are saying (like what you heard), and everything I would say to my interlocutor would probably be only my opinion, how I would act at that moment, if I were to express it. In any case my interlocutor will do what he intended, why should I be guilty (or responsible) for his decision...
It's just amazing how some people truly believe that someone knows where prices will go... Even the guys from FED can't "control" things as they are out of control atm, so thinking that my neighbor from the street knows where BTC will go, or any other asset, or anything in the future is silly...
I don't really think people know that well and I wouldn't want to take the risk. I think a fixed rate is better just for making sure things are stable. However, I guess that is his choice. I don't think a banker will know the future.
Thanks for running the pool and for the BEE/LEO tokens.
NOBODY knows it... we can just guess, but a lot of people truly believe that politicians, bankers, and rich people know everything... I suppose that's our human nature, to (try to) believe in 1 person to rule over us, as that person knows-it-all...
Hive needs more promotion, created a hive crypto song with AI, would be grateful if you could share, like, reblog it, thx :)
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heheheh... That's a cool song!
Retweeted! :)
Thx :)
My dad also makes mortgage payment and I’m sure he’s almost done paying it. Also, I feel 4.5% interest rate is not really nice. How will I invest only to earn $4.5% after a whole year
Tbh, with all the inflation that is going around, IMO, 4.5% isn't that bad at all... On HBD you get 20% for your money, but that can change, and will probably change...
We will see where will interest rates go very soon... Up or down? :)
I feel it may go down though
Thanks for the update and tokens!
I think sometimes it pays a lot to pick up some financial knowledge on our own. Interestingly, my mortgage is also on a floating rate, by my personal choice, hehe!
!LUV
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In general, those rates are always more-less balanced, so you can't go wrong (nor do you have too many options)... The thing that "triggered" me was that someone said "IT WILL GO DOWN"... And I'm allergic 😂 when someone states things that he/she CAN'T KNOW for sure and deceives others...
Yeah agree!
It's not a problem, it's like this every time, this time we have an over buy peak again. Will go back up again
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