[ANN] Bluebook Investments Corporate Bond
Glad to be part of the project
PHASE 1 of the Corporate Bond has now been implemented. This is an investment in STEEM, which is running within the main Company holding. It is being listed seperately on the accounts, with 2 seperate sheets allocated to the Bond Investment. The first sheet shows how many bonds have been sold, the date they were sold, and the date they were invested (it will also show the date and value of the buybacks on the bonds). The second sheet will show the % of the STEEM (or other) investment as part of the whole Bluebook Investments portfolio in that particular currency. This sheet will also show the current value of the Corporate Bonds Investment against the invested amount.
Stay tuned for updates (infrequent at first, but as the Bond grows, they will become more frequent)
So, I thought a quick update on the Corporate Bond performance would be in order (even though it has been less than a week).
The Bond investment has got off to a slow start, and with the slide in most crypto's prices it has caused a big dent in the value of the investment. This should hopefully be reversed in the short term with stable growth occuring shortly after.
Bond investment value is currently down nearly 20% (some of that was taken in transaction fees, so in reality it is only down 15-17%), which whilst it does not look good, is not as bad as it could have been.
Currently the bond stats are as follows -
This shows an increase in the overall holding of the main wallet and the Bond with a 6.37% ratio.
Diversifying the Bond investment is the next stage I will be looking at, as this will enable any poorly performing parts of the investment to be offset by better performing areas
To help ease things, I will be looking at making a further personal investment in the Bond in the next few weeks (personal finances permitting), either through buying more bonds or simply through a cash injection, and when any buyback is placed on the Bond, I will personally sit out and not sell my personal Bonds back for at least 4 weeks after the buyback is placed and announced on here (although I am planning on holding for the very long term anyway), allowing all other investors a fair opportunity to sell their bonds back to the Company when a buyback is announced.
Once the bond has matured, and the buybacks have been completed, any remaining investments in the Bond will be rolled into the main wallet, and become a part of Bluebook Investments wider portfolio.
Welcome to the Corporate Bond update
It has been a troubling few weeks for the Corporate Bond, with the Hardfork on the STEEM network causing problems for the majority of STEEMIT users, and hammering the price of STEEM. The situation appears to have been resolved in the last couple of days, and things are returning to normal, so the Corporate Bond should be able to climb back towards (and past) 100% of investment.
Stay tuned for updates, and as always HAPPY BURSTing
Today, I am bringing some sad news about Bluebook Investments. Due to ongoing personal issues, I will unfortunately have to wind the asset up as I no longer have the available time to commit to running the asset. Effective immediately, I will be setting in motion a share buy-back and also a Bond buy-back so investors are able to recuperate their investments in the Company.
I would like to thank all those who invested for your faith in the Business, and wish you all the best in the future
@ZapbuzZ The BuyBack of the Bond has been set up. Feel free to sell the bonds back to me at a profit (as promised when you purchased them)
ZapbuzZ last edited by ZapbuzZ
ok cool uh i'll see what i can do edit they're up for grabs right now .... merry christmas @Bluebook
i put it up as the same price as i bought it i think so if i earned extra plz credit me to my address it was cool to be one of the first to have a part in this historical event someday when it is common place they'll see us in the beginning lol
@zapbuzz all good, they have been bought back off you at 10.5 per bond (your initial purchase was at 10 per bond)
oh ok cool merry new year @Bluebook i will join in again when you have time