Off Platform Investments

Keeping in mind that SPI has been set up to be simple. We not after anything fancy, time consuming are fun. We are after something boring, that earn's slowing, consistently and either hedge's against inflation are compounds down on itself. As this is the first proper off platform investment chosen by members, there are 4 options to pick from below. When looking at stocks for example, there are thousands to pick from and with that in mind, i have selected only one option for each type of investment to speed to the process up a little are we'll be required to do another vote. It'll not be long until we have that 500 STEEM in the wallet folks :D

Cryptocurrencies

Starting with an easy one, we could add more BTC into our Celsius Wallet which is now earning 3.8% per year in interest. The interest rate seems to change/update every week. BTC would have to be the pick here and at today's price we would get 0.00742 BTC. We already hold 0.00567 BTC and this would push us to jointly owning more than 1% of a BTC. We used BTC as the sample tester investment so we all understand the process is straightforward enough and there's not much needed to said here. If you'd like the club to hold more BTC, this is your pick.

Precious Metals

There is 4 easy ones to make a selection from, silver, gold, platinum are palladium. Silver and gold both doing very well this year, platinum has been acting weird the past 2 years so im not confident and palladium has been mooning from 2016. Im not down for buying in at all time highs so we can take that off the list to leave any silver and gold to pick from. Both are good long term holds. Silver is very undervalued with a gold to silver ratio is 1 gold equals 83 silver. During a good bull run silver should out perform gold, as a result the ratio can drop below 50 and provides an excellent time to convert your silver into gold and play the long term ratio game. Gold of course is the end goal with precious metals int he some way that BTC is the end goal for crypto's. For the reason above and to play the ratio game, we will go with silver this time as it has a better potential to increase vs gold in the medium/long term.

There are 2 ways to do this
1/ Buy it, hold it, own it / Buy it, store it, pay the fees
Being from the UK Mr SP Invest has to pay 20% on silver bullion so this might not be the best option. It could be done but we'll not get the silver for anywhere close to spot price and it's hard to sell. Storing it costs money and the idea of paying storage fees for a few oz's is not feasible right now with small holding. Maybe in future this could be an option as we have larger amounts to invest.

2/ Buy it, get it for spot price, dont hold it, have liquidity
We can buy and hold silver backed stocks, these are basically stocks that are pegged to silver in some currency, dollar, pound, euro, yaun, whatever. You buy them at spot and just hold them. I have seen one called the "iShares Physical Silver ETC ISLN ". I would hold these on my AJ Bell youinvest.co.uk account. I have personally been using this service for around 8 years with no problems at all so i trust to platform and management. The are also authorised and regulated by the Financial Conduct Authority.

The 2nd option might be best for us right now as we are buying small amounts. These could be saved up and converted someday into the real stuff and starting out here is just the first stepping stone to better places and larger holdings. If you'd like to club to own some silver bullion, this is your pick.

Stock and Shares

Without going through to many things and have the plan to keep it simple, a tracker fund cuts out most volatility and sort of just follows the market. Single stocks carry more risk and it would take forever to decide. A nice easy FTSE 100 tracker sounds like a nice start. This in a nutshell is a fund that invest's into the top 100 UK companies based on market cap. The yearly avg returns are 5-6% with dividends on top. As companies fall in and out of the top 100, holding are updated. There are of course different types of 100 trackers but a simple, well trusted one that pays out a dividend semi-yearly sounds right up our street. The selection would be the "HSBC FTSE 100 Index Fund Accumulation C". This is a time tested and proven 100 tracker fund. It's a boring investment but auto compounding down dividends and simply HODLing could turn something small into something big some day. These would also be hold with AJ Bell investments. If you'd like the club to dip into stocks, this is your pick

Onchain investment

Buying Leo tokens and powering up @spinvest-leo. This is a 1 time only because it was suggested by some members and it's seems fair to include this in the running. This would be a riskier investment as it's dependent on trends and time consuming but we get a guy for that stuff. Shout out to @jk6276.leo for doing his thang.
Investing into this would increase the LEO token holding of @spinvest-leo which in turn would earn more curation, then we rinse and repeat until we have all the LEO tokens. This might give us more visibility on the platform also. At today prices, 500 STEEM would get us 2778 LEO tokens. Earning curation can be very profitable if done correctly, if we can get anywhere above 60% voting efficiency, we would be doing ok and would be earning around 16% per year. Steemleo.com is a fantastic frontend and it's users are @spinvest's bread and butter. If you'd like to buy some a LEO and power them up to earn curation, this is your pick.

There are many selections that can be made and other types of investments but in the interest of keeping very simple, easy to understand and most importantly easy to track. The 4 selections above are recommendation's from Mr SP Invest based on his knowledge

SPI Club voting rules

• Confirmed SPI club members only
• 1 vote per member
• Your vote must be cast as a comment to be counted
• Voting more once will result is no vote
• Voting will last for 7 days until post payout
• Results will be edited into this post
  
  Confirmed Members
  

We have 4 options to vote on

• Cryptocurrencies
  500 STEEM for 0.00742 BTC
  
  
• Precious Metals
  500 STEEM for 4.4oz's of silver
  
  
• Stocks and Shares
  500 STEEM for £64 into a FTSE 100 tracker
  
  
• Onchain Investments
  500 STEEM for 2778 LEO tokens
  

How to vote

In the comment below, there will be 4 comments by @spinvest. Each comment will contain the information about each selection. To cast you vote, please leave the reply "Confirmed SPI member" to your selected option. There is no need to upvote but i cant stop you. Remember, it's as easy as 1,2,3

1/ Make your mind
2/ Find your selection in the comments below
3/ Leave a reply with the wording "Confirmed SPI member" to cast your vote

Results