I made 25 billion is in September 2026, from this i made an accounting payment of 5 billion to Omega my 5 accounts.
Therefore, my wealth rose by 20 billion to 2.443 trillion isk.
Therefore, my wealth rose by 20 billion to 2.443 trillion isk.
I have been giving away my wealth since July 2023 and so far have given away 629 billion isk in that time vs the 1.8 trillion isk i have made over that time. So arguably i have 1.2 trillion to give away still! I wrote more about it recently in a prior post including the recipients of the distributions.
Total Sell Orders were flat at 2.6 trillion Buy Orders are now nil - i will need to get these back in action for my manufacturing.
Therefore, i have 2.6 trillion of Orders on the market.
Format of the Month End Review
I have shortened the Month End Update to what happened rather than the background to my strategy etc. Those will be in other posts. But lets move the waffle off here.
In future i plan to do a more in-depth analysis of what i am selling - setting up the spreadsheets to do the analysis.
2026 Aims: I discussed my aims for 2026 in this post at the start of the year and the half year review was in this post.
Omega / "accounting payments": I discussed this omega accounting in a recent post, a joy for all accountants (like myself) to read, i am sure.
My Sales Strategy within my Regional Trading Business: I discussed this in a recent post on my Regional Trading Strategy.
The basic numbers for September
In September had sales of 212 bn isk vs August of 194 bn. So a rise of 9% vs August and still way below the of 325 bn i used to average. For me, the markets are most certainly slower.
I fear that around 200 billion of sales per month may be the new normal.
Other than June, the market has been quiet since March. I am rethinking my strategy a bit and being more careful where i try and sell an item that has not sold in a location before. I used to do well by selling an item in a region that had not been sold there before.
This comes to average daily sales of 7.1 billion isk. In other words, each evening i expect to see across all my accounts an additional 7.1 bn isk (less transaction taxes) sitting on the characters to be reinvested back into the markets.
Although my sales are lower I sense competition is also lower - so again points to a market slowdown rather than me losing market share. I have a lower number of orders to update each day. Therefore, margins are starting to recover. i.e. i am not spending isk in Broker Relist Fees.
Item profits were 48 billion isk which is a margin of 22% (48/212). So clearly above the target of 25%.
Right now, this is the issue of the day. The structure of the rest of my Profit & Loss Statement is back to normal. I just struggle to get the 25% item margin that i did before. I suspect that whilst the competition it is more aggressive. Hence, whilst i don't need to adjust the prices of many items each day i still need to make punchy mark downs to create sales. Not easy to monitor this other than by feel and instinct.
Furthermore, part of me thinks that the items i hold in hangers as part of the manufacturing project (some 300 billion) could be moving up/down in value and i am not able to split this rise/decline out from the normal trading. Hence, as the cost of items generally rises i will benefit from a positive mark-to-market profit, and of course get hit when market prices decline. My solution here is to start to liquidate items i don't need, which will be a job for the rest of this year.
Taxes and Courier fees came to 23 billion isk. Within this, the broker relisting fees came to 3.7% of sales. Ideally i want to see this below 3%. I have a number of former seeding projects which i put back up for sale - they may be creating a drag. I am being careful on what i chose to reduce. If an item has not sold in the last 30 days then i tend to leave it for now.
That takes the Trading Profits to 25 billion isk and so a trading margin of 11.6% (25/212). My target is 16% so this is a miss. But the miss is all down to the Item margin being 22% instead of the 25% target.
And then from this 25 billion profits i pay the 5 billion Omega.
I made no distributions this month.
That was how 212 billion isk of sales became 20 billion isk increase in wealth.
Manufacturing
I am doing what i often do, and giving this another shot.
The Oz Show had a great interview with Sir SmashAlot where he talked about his manufacturing activities to the tune of making over 1 trillion profits per month!
And the author of the blog I wanna be a Trillionaire, so frickin' bad... has moved into manufacturing and is making a good job of it.
And going back a few years there was a great youtube series Building my Industrial Empire (who is now back).
Early days, i am making some profits and will update this blog as i go. So far i have experimented with small items like missiles and ammo but also larger ships such as Orcas. So far i am not making enough to justify the effort. I reviewed my poor efforts into manufacturing in this post.
Ideally, i want to create a process that i can scale. Not there yet.
Seeding a player owned station
In the Khanid region, i relisted everything back into a NPC station. And i have a new market seeding operating in Solitude (high sec).
In total now 397 billion sell orders.
Things are slow. In total i made 11 billion sales of which half was in Kanid and half in Solitude.
For now the Khanid Sell Orders are me trying to run down the 300 billion of Sell Orders.
The Solitude seeding operation is more promising.
Planetary Interaction
I had restarted this but then stopped.
It is not worth the effort in High Sec. So, on my "to do" list is to move it to low sec but, as you would suspect, i don't have the courage to fly into low sec - so i am thinking about how to do this.
Research
For now, i have stopped trying to make this work.
Station Trading
Down to nil.
Old Accounts
This is my third outing in Eve Online. I still have the characters of the prior two attempts. Some went to Omega status after the June 2025 Omega / MCT deal but are now all back as Alpha Accounts.
They are though available to me with plenty of skills to convert back to Omega if i need to.
To make life easier in September 2025 i decided to combine them all into one Alliance, the Merchanting Industry Finance Philanthropy Alliance.
Plex
I don't store Plex. As a rule i don't invest in items that Fenris / CCP can control as part of the commercial inputs into the game. When i come across a deal i like i will buy the Plex in the spot market.
Items in hanger for sale
There are a number of items that i sell that can only be sourced from Regions outside of The Forge (the home of Jita).
To make my life easier, i buy them from their home bases and have them couriered to Jita to be stored ready to be couriered to their final sale destination. Makes life a lot easier for the cost of one transport leg.
That said, i am going to start to review all this - it causes annoying volatility in my earnings.
So in all, some 237 billion isk of items in Hangers.
I have decided to liquidate much of this before the end of the year.
Buy Orders
Right now, they are at nil. But i expect to increase them again as i refocus on manufacturing.
ISK
I have 91 billion spare ISK kicking around.
And i plan to relaunch into manufacturing. So hopefully making good use of surplus isk.
Current Wealth
Current wealth is 2.443 trillion ISK made up from:
- Plex held as an investment 2bn ISK
- Items in hanger for sale 237bn ISK
- Items in hanger for use in business 11bn ISK
- Omega brought forward 41bn ISK
- Buy orders on the market 0bn ISK
- items for sale 2.578 trillion ISK
- less a 20% provision 516bn ISK
- ISK in wallet 91bn 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.