Been renting some random cards out at level one or close to it at ridiculous APRs. Used to have quite a bit more above 500% but these two are a great example of some of the APRs I have gotten over the past few months or since the DEC min of 1 DEC per card went into effect. Getting over 1000% is effectively getting about 60% guaranteed of the cards FMV the first season its rented out and if the people continue then you recover your cost and if you get lucky and the renters keep renewing for say a year or like 25-30 times and sometimes i think ppl just forget or do not look at the actual cost or just really need that specific card at any level in which case it is most cost effective for them and also gives me a crazy ROI. I seem to get many of the good ROIs with unlocked rewards cards as there are not many rented out. I would have to imagine that the legendary rewards cards or epics have to do even better as I have only done mostly common and rare first but will now start unlocking the legendary ones with likely AURA as I can boost my EPIC Magic plot to produce AURA at i think a pretty good rate with a RUNI 100%, max 100k PP, 40% EPIC boost, 10% title boost, 50% totem boost and possibly if the land cards come down for AURA in the future or I upgrade the title and totem on it then the cost will get lower as well. Still need to do the math on whether or not its just worth buying them and selling something else with my AURA or whether I should produce AURA at all lol. Up until recently wood was killing it and I had my legendary wood plot at full tilt with max PP, 100% legendary boost, 100% RUNI boost, 10% title, 50% epic totem which was doing better than many of the resources at the top of the price spike which was like 4-5 wood per dec and I was getting like 1800 dec wood per hour which was not bad but now its back to 16 wood per dec so might be switching back to grain eventually or depending on the math leaving it but right now it says my PP per DEC is about even so might just switch back to grain as I get the taxes from the grain from my keep so it makes it a bit more efficient. Also my keep has finally started to produce a bit more from other plots other than the few I had max PP on so maybe the tract is starting to fill in with better cards and now its getting 4-5x the resources it used to get and if it keeps going a bit more maybe like 5x that it might be worth holding onto and selling other plots and just producing in my own area on the plots I own selling any other plot and using that to buy other assets to improve the production rate on the 7 plots I own in my keeps area and max them out completely. For now going to be selling 1/2 to cash out like I have been, 1/4 to buy DEC/SPS/HIVE but mostly hive and hbd as long as hbd is below peg or hive is below .1 and then re assess in a few months as I feel like there will be a hive pump from who ever does that every year and would like to catch that with any liquid hive so I wont be staking it yet but will plan on staking any profit I make in excess of 25% on the HIVE if it does what I want and after I pull out my cost basis into HBD or off HIVE into USDC or BTC/ETH etc, 1/4 to buy cards and other land assets like RUNI etc as I believe runi are one of the best values you can buy for land as they can even just be rented out for a decent amount in DEC alone to ppl which I did do for a while for about 30 bucks a month plus per RUNI but not sure what they are going for now but either way I could use another one and I sold one earlier in the year for like 800 bucks so I can re buy that likely lower as that was at the higher end of the sales and if i could get one for 200-350 I would buy another possibly. For a node license would need to get that for probably 100 dollars or maybe a little more as I need at least a 30-50% APR on the price to hold it but might also be a bad buy right now with HIVE very low and the likelihood that we get a spike that I could sell into and pull the assets off HIVE then let the spike die down plopping into USDC etc and waiting until the assets reprice or pullback including splinterlands assets which would likely raise up as well and may be a good time to sell off some assets at higher prices and immediately move the DEC off of hive to bsc to hold in USDC until things calm back down etc or put in some bid orders on SPS at really low prices to try and catch some cheap SPS as many people do dump it as they need to sell to fund things and I will be placing my orders all over the place from close to the bid to basically worthless incase of a big dump since if a big player decides to dump it will tank the market at least temporarily and might get my order filled and be able to then quickly flip it around or at least cash out part of it for a profit and keep half the profit and add to my stake. My main goal is to turn the DEC I keep into HIVE to hold on in liquid form for right now and then later on possibly stake to lease it out or use to make markets with a bot once I am able to make a similar bot to dswap but without paying any fees in bee to use it as it just takes time to get things to work. I have gotten better with messing around with chat gpt and coding and actually getting things to work. Hopefully after I am caught up with my taxes I can design my own tax reporting tool that will be much cheaper and hopefully fix some of the issues with the current reporting given out by SPL and TribalDex which is the only real option right now and it is made so that its basically impossible unless you already know how to do taxes and luckily I do so its just a pain in my ass as it requires a lot of adjustment to properly compute the basis as well as the gains and losses across platforms especially if you are a business like I am for Splinterlands as my activity rises to that level. At least since my activity in SPL does rise to the level of at trade or business all of the losses and the extra losses from things I wouldnt have even been able to expense like computers, a lot of office equipment, the trip to try and promote splinterlands, Splinterfest costs etc many things that people cant write off if they just casually play or do not do other things. I probably have 50-60k in tax benefits from those extra things which takes some of the sting out of the large loss I ended up having so will be interesting to see where it all shakes out once I am caught up with complete accurate tax numbers but I think the loss will just get bigger as I estimated and left off a 60k capital loss in 2023 and that would offset my capital gains in 2024-2025. Until I know exactly what my gain or loss I need to recover is only a max of 1.2 of my earnings will be reinvested into hive or spl assets and 1.2 will be pulled out and converted to other assets as I need to keep pulling out assets to ensure I am recovering my investment slowly right now but better than not recovering it at all. Also still need to consider the possible equity profits but not sure how that will come or if it will, would be nice if when the game gets some steady income for x periods they give out a cash dividend quarterly or maybe just give out a card set every new release to every investor in the seed round as it really does not cost much in dilution to the cards as there were not that many investors and honestly if they did even just each core set if you invested in the game and did the smallest investor getting one complete set of the cards and then multiply it by a factor until a cap for larger investors etc or something to that extent with maybe the stipulation that the assets do not get sold within one year and are locked until then but can be used to make money for us in SPS either by botting in wild, playing in modern or using a scholar or renting maxed copies out would add significant income to the units. Even special benefits like maybe no SPS staking requirement or wild pass or any benefit in the game maybe a choice of x,y,z each time related to the aspect of the game they play most often like I would like land related items as the totems and other things are crazy overpriced and right now your basically buying if you buy on the market and not via private trade or something at a multiple you will take forever to recover most likely.
The rewards cards cards rentals at least seem to be bringing in decent revenue in APR terms and hopefully as I keep unlocking more and leveling them up slowly as it takes much longer with a smaller deck now as I downsized my risk a while ago when luckily prices were much higher than this for SPS or I would have had a way bigger loss since I sold most of mine at prob a average of .02 or above per SPS but bought most of it higher than that. Also for some reason I broke my one rule which is do not re invest until i pull out my profit from any new investment and when I put the first 40k back in after selling my first distribution of SPS for like 20k I should not have put another like 150k in before recovering that lol. It really depends on what the company does as well and what my shares end up being worth or adding to income in the future as well as that could easily make it very profitable quickly as well depending on if the game turns around and that could happen fast if it does as assets are pretty scarce if we did get a rush of players and that would possibly send it into a price mania where older players could unload into the strength and wait to buy back on the inevitable dip where many would be caught in the fomo of everything. I unfortunately bought in big right before the company went though a bunch of stuff which killed the asset prices and if I had obeyed my rules for trading like I have for every other trade I made I would not have lost any money lol. Lesson learned and since then have not lost overall in a year so I will stick to what works and not be a dumbass and way over risk things. The timing could not have been worse though had i done that a year or two earlier as well as if i didnt miss the land sale by like 3 minutes would have had a massive profit as I had 20k ready to buy land and missed the sales i think 2 times lol which would have been the difference between me having a loss and a profit likely right now lol.
But only thing I can do right now is keep riding out the assets and pulling out the returns I am getting as well as listing and selling strategically as well as buying some strategically as well to recover my losses which as long as the game keeps going will eventually be recovered and selling all of them fast unless we get a pump would not do it but if we did I would likely sell 90% into the pump if its big enough like in 2020-2021 or something bc that would likely never hold up long and just in case it did i would keep 10-20% plus I have the shares which would be worth a lot or my insurance if I did just sell into the pump as well as if the game does well my shares will do very well and if it does well enough they will provide likely more returns.