Translate this page

Some beautiful music to read the blog with

Sunday, 9 June 2013

Wealth of 2bn ISK reached

Today i reached 2bn ISK of wealth.

Entirely through Regional Trading – that is buying from one region to sell in another.  I contract PushX Industries to haul my items to Dodixie – hence i never leave the station and play 30 minutes a day.  Perhaps 60 at weekends as I research more items to sell.

For me, i have been buying from Jita and more recently Amarr to sell in Dodixie.  The reason i buy from Jita is that it is the largest trading hub and its prices listed on Eve-Central are therefore likely to be more accurate and so helping me do my research.  My Main character can sit in Dodixie and check the potential sale prices for items i plan to buy in Jita.

For non-Eve players, Regional Trading strategies work because:
  • When items are bought they have to be picked up from the station they were placed for sale in
  • Prices can only be seem for the region a character is in, not for other regions
  • Many players will willingly pay more for the convenience of not making 15 jumps to pick an item up (1 jump = 1 minute of time)

I am still reinvesting all the ISK i make into new items to sell – hence i am not yet in a position to start a new account (which would need to self finance itself through Plex purchases).

I woke up today to 590m ISK to reinvest back in the markets.  The weekends (starting on a Thursday night) are good times for me.

It is getting harder to find high margins, slow moving and low competition items to sell.  So i have reduced my acceptable margin to 15% as long as the purchase price is over 100m ISK.

I would expect to start a new account perhaps in July – i am on a business trip in the last week of June which somewhat prevents starting a new account at that time if I want to get it off to a flying start.

Current wealth is  2,243,647,145 ISK made up from:
  • Items for sale 2,031,158,454 ISK
  • less a 20% provision 406,231,691 ISK*
  • items in storage for sale 20,200,000 ISK
  • items in transit 550,000,000 ISK
  • ISK in wallet 48,520,382 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 until i finally hold it as ISK.  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.


  1. Do you buy from sell orders in jita and sell to buy orders in Dodixie, or do you set up those orders yourself in one of the stations/both of them?

    1. I buy from sell orders in Jita (and/or Amarr).

      I then set up sell orders in Dodixie.

      only occasionally have I come across the ability to make isk selling to buy orders in Dodixie - and even then not much isk.

      I have more luck finding cheap sell orders - sometimes real and sometimes mistakes where the seller was infact trying to post a buy order but obviously pressed the wrong button.