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Monday, 8 April 2019

Wealth of 4.6bn isk after 28 days

After 28 days trading my current wealth is 4.6bn ISK (details at the bottom of this post).

The weekend was good.  I am now starting to find almost 1bn isk in my wallet when i log in.

No change in my strategy

I buy from Sell Orders in Jita and put these items up as Sell Orders in Dodixie.  I focus on low selling volume items - so there is much less competition and the profit margins are therefore much higher.

I transport the items from Jita to Dodixie using courier contracts.  i pay 7.5m for 500m collateral and 10m for 1bn collateral.  Also, the cargo space required is typically 5m only.  When i look at other courier contracts on the market - i am paying generous fees but i value speed above saving a few million isk on a courier contract.  Hence, i find that the items are couriered to me within a few hours.

As my wealth rises i am focusing on higher value items.  I don't want to be making 2m isk profits when my wealth is 4.6bn.

Hence, today i am selling items worth over 100m isk for the higher of a minimum of 30m isk profit or 20% profit.

So, as the smaller items sell i am not replacing them with new sell orders any more.

This is a big difference to a few years ago when i first started out - back then i was continuing to sell these low value / steady profit items.  But today, i am being more ruthless and abandoning them as their profit stream no longer moves the dials on my wealth.

Will i be able to plex the account?

No, not this month.  I would need to liquidate 2bn isk in the next 2 days.  Perhaps that is possible but would leave me with 2.6bn isk left on the market.  Not ideal.  Hence, for now, i will pay another month's subs.

Skills Trained

For now, i have stopped my skill training on my Dodixie character . . . . . . so that i can start manufacturing training on the alt in Jita.  More on that in another post.

Hence, for my trading character in Dodixie there is no change on last week - where i went through the skills in more detail:

Current wealth is 4.6bn ISK made up from:
  • items for sale 5.4bn ISK
  • less a 20% provision 1.1bn ISK*
  • items in storage for sale 0.0 ISK
  • ISK in wallet 0.3bn 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.


  1. Heya,

    I'd love to watch it on youtube :) as a vlog instead of blog

    1. one day, i might give it a shot. nothing planned in the near future though.

  2. Croda, that is a rally impressive amount of funds you have generated in a small period of time. I figure that is all you are concentrating on when in game (ie no ratting or pvp etc). I followed you previous entries too and it shows what can actually be done... good work. May I ask, does your actual day job give you the knowledge to do this within EvE?

    1. yep, i dont rat etc. I log on and update orders, buy from Jita and organize courier contracts. I sometimes leave the game running in the back ground if i am working in my study.

      My day job is in investments so that may give me some sort of an edge - but i suspect not too much. The Eve economy is very old style - think 17th century.