Translate this page

Some beautiful music to read the blog with

Sunday, 13 October 2019

Month end September 2019

At the end of my sixth month my wealth is 58.1bn isk.  An increase of 7.4bn isk over the month.

I also had to fund a 1.7bn Plex payment.  Hence, i likely generated profits of almost 9bn isk in September which is about 290m per day.

But lets remember that Plex is part of the costs of my game so lets just focus on the 7.4bn isk rise (i.e. the rise in wealth after paying for all costs) - this compares to the prior month of an 7.3bn isk rise.

Basically, i am on 'care and maintenance' at present.  Real life work is real busy and in my spare time i have taken to doing kaggle.com, trying out their starter competitions.

Hence, for Eve i log on once a week and go from there.

At best, if i don' log on daily i make 10bn isk sales which is about 1.5bn isk profit.


Plex

I now have 900 Plex sitting in my hanger right now - so that is another aim achieved.  I wanted to hold surplus Plex rather than have a mad panic to raise the isk and buy the Plex as the monthly deadline to extend the game time drew closer.

Given it is drawing close to the next deadline i will either use 500 of that 900 Plex to extend the game time and then rebuild the Plex levels in my inventory.



Strategy

In an ideal world there would be no change here - i (try to) stick to 45 minutes a day, perhaps a bit more at the weekends to generate the wealth.

The weekday sessions go as so:

1) reasonably late at night i will update all my orders at Dodixie and Amarr, and move the isk generated from the days sales to the Corporation account.  That all takes about 10 minutes.
2) i will consult my spreadsheet and see what items i should buy that will generate margins of at least 20% before fees and transport costs.  That all takes 10 to 20 minutes.
3) My buyer in Jita will purchase those items from Jita Sell orders and issue courier contracts to send them to my sellers in Dodixie and Amarr.  That takes 3 minutes.
4) I will then log off and come back about an hour later and normally the items have been delivered by then.  My sellers in Dodixie and Amarr will then put them up for sale in Dodixie and Amarr.  That takes 5 to 10 minutes.


. . . . . . . . but right now i log in on a saturday and go from there.


Outlook

October will be a busy month outside of Eve again - so lets aim for 7bn isk profit, same as September.

Aims for September (same as August really):
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 58.1bn ISK made up from:
  • items for sale 50.8bn ISK
  • less a 20% provision 10.2bn ISK*
  • Plex held (900 Plex) 3.2bn ISK
  • items in storage for sale 1.2 ISK
  • ISK in wallet 13.1bn 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.

1 comment:

  1. Hi, I've really enjoyed following you over the past few months. Just one question about your strategy, are you still focusing on implants, boosters, and blueprints? or have you expanded?

    ReplyDelete