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.