Wealth of 42.6bn

The fourth week in July was ok and on track.  Wealth rose by 5.0bn to 42.6bn isk.  A decent week all said and done.

My July aims are all coming in ahead of expectations:
 - i am likely to increase my wealth by more than 15bn isk after all costs
 - the Dodixie trader is expanding
 - the Amarr trader is expanding
 - i have the 500 surplus Plex in he inventory.


That said, in the final few days of the month i don't expect to make any further progress.  I have a number of items up for sale that are being materially undercut by competitors and so i am likely to bite the bullet and move my sell price to the new low.

Also, i intend to buy and equip a ship to travel into low and null sec so that i can pick up some items to sell in High Sec.

That is all going to cost me several hundred million isk to do and so is likely to take up all the profits made in the final days of July.  Maybe even more.

In  situations like this i generally make sure i am the lowest sell price unless the current low is lower than Jita (in which case i consider buying that item and putting it back on to sell at a higher price) or volumes are high enough that i believe these lowly priced items will be quickly bought up.

The Amarr trader is really going for it.  It now has 14bn isk of items up for sale and i am now at a point where i need to find new items for sale.  The only reason it would not get as much up for sale as the Dodixie trader is that margins are not so good given a higher level of competition.

The Dodixie trader keeps plodding along, now regularly over 30bn isk of items up for sale.

I have 600 surplus Plex.  I aim to always have 500 surplus Plex to cover the account costs with out a last minute panic to buy the plex.

Yet again, i report that Manufacturing plans has got nowhere fast - lets just take that as read.


Outlook

I am hoping i can do better in July compared to June.  The aim was to be for 10bn isk increase in wealth (after paying for Plex) - currently i stand at 7.6bn isk therefore it feels fair to say that the 10bn target will be reached with a week to spare.

Other aims for July - all appear to be on track:
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 42.5bn ISK made up from:

• items for sale 47.7bn ISK
• less a 20% provision 9.5bn ISK*
• Plex held (600 Plex) 2.2bn ISK
• items in storage for sale 0.0 ISK
• ISK in wallet 2.2bn 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.