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Tuesday, 9 July 2019

Wealth of 33.5bn

The first week in July was perhaps my best.  Wealth rose by 6.3bn to 33.5bn isk.

Finally, my trader in Amarr has come to life and started pulling his weight.

Good week during the weekdays and weekend - that's what did it also.

I now have 600 Plex of which 500 will buy 30 days play time - that is the aim.

The 3.3bn isk in my wallet was fully invested in the market before i went to bed.

Yet again, i report that Manufacturing plans has got nowhere fast.

No change to anything else really.


Outlook

I am hoping i can do better in July compared to June.  The aim was to be for 10bn isk increase in wealth (after paying for Plex) - so far, so good.  From the 6.3bn isk increase i will need to pay out about 2bn isk for Plex for my account but i am 40% of the way there in the first week.

Other aims for July:
1) Continue to expand the Dodixie trader sell orders
2) Plex the account and build up some surplus Plex.
3) Build up the Amarr trading business



Current wealth is 33.5bn ISK made up from:
  • items for sale 36.5bn ISK
  • less a 20% provision 7.3bn ISK*
  • Plex held (600 Plex) 2.3bn ISK
  • items in storage for sale 0.0 ISK
  • ISK in wallet 2.3bn ISK

I don't count assets I use in the course of my business such as ships, fittings etc nor do I add back any expenses such as skills purchased etc.  The wealth I disclose is made up of items that are ISK or are in the process of being converted to ISK.

* I take a 20% provision against the items I am selling.  Eve calculates wealth by adding up the value of the sell orders hence it is possible to increase your wealth by buying an item for 100m ISK and putting a sell order for 120m ISK (in this case your wealth would increase by 20m ISK).  For me, I want my wealth to be calculated at cost.  I know that the value of my sell orders will likely fall over time as I update my orders downwards as competition reduces their prices before my items are sold.  Hence the 20% provision is my best guess as to what the maximum reduction I would need to make to my sell orders as a whole before they are sold.  In an ideal world I would value my sell orders at the value which I bought the items for.

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