First of all I want to wish everyone a Happy New Year! I know we have all set some great investing goals for 2021 and I hope you achieve yours.
This is my second MyConstant monthly update and I am planning to continue writing updates every month for a year to keep you guys in the loop as to how the site is working for me.
There have been a couple changes, not only in my financial situation but also with the website and app. The site and app have both been updated and there are a couple cool new features that I will talk about. I have used some of them but there are some that I have not yet tried but can still explain what they are and how they work.
Gift cards have now been added to the site which is pretty cool. The best part is that you can save a little bit on the purchase of the gift card, actually up to 3%. There are currently over 40 different options (retailers) available and some pretty big names are available. For example there is an Amazon cash card and these days almost everyone is buying something from Amazon. Also there are food options like Dominoes Pizza. Very cool, cause I mean come on who does not like pizza?
The second new feature is called Feed and Give. Feed and give is a little emoji dog that you feed. You do basic tasks which give you different amounts of food. For example if you deposit you get 1.5 lbs of food, if you just do a daily check in you can get .5 lbs of food and when you get 3 lbs you can feed your little dog. There is a feature to compete with friends but the coolest part of this feature is that you can donate the coins you earn to charity. I think this is something great that MyConstant has rolled out as a way to give a little something back.
The third and probably the best is the Prize Wheel. Since MyConstant is now two years old (Happy Birthday BTW!) you can send them a Birthday wish and complete a few other tasks to earn spins on the wheel. The grand prize on the wheel is $1,000 USD. I have not won the 1k prize (yet) but I have won a ton of membership points (which can be used for more spins) or used to upgrade your status to a gold membership. I will share that I did win the $1 prize. I hope my long lost relatives do not come out of the woodwork looking for a handout.
Those are the three new features on the site as for me, I set a goal to get back up to where I was previously with my investments and I was able to put another $4,000 into the site. I have most if it invested in the 30 day 6% APR loans since I like the liquidity and a little bit in my Flex account.
You might be wondering why I bother to keep a little in my Flex account when the rate is 2% higher in the 30 day crypto backed loans. Well there is always the hopes of snagging one of the highly lucrative secondary market orders. If you think this sounds complicated let me tell you the hardest thing about those is the timing. They open them up and you just click on the ones you want to try and fund. All the ones who want in are placed into a “pool” of investors and one is chosen. They are only open for a few minutes so I have the notifications turned on so I can try and get some. I have been successful on some in the past.
I might have to pull some money out next month as we are moving to another house and there are always extra expenses involved with that. I am hopeful that I will be able to replace whatever funds I pull out very quickly though. So right now MyConstant is kind of where I am keeping my extra cash so I can earn interest at a much higher rate than any bank could ever offer right now.
Finally we have all seen the crypto market on fire and next month I will talk a bit more about the changes made to the crypto interest and give an update on how much interest I am earning on my Bitcoin. I will give you a hint, it is doing pretty darn good right now.
As always I encourage others to sign up and get in on this greatness. If you use my referral link I do get a small bonus for you signing up through the link which costs you nothing. Thank you for reading I appreciate it and happy investing.