I buy and sell skill-books, faction/deadspace mods and implants covering all 5 major trade hubs (Jita, Amarr, Dodixie, Hek and Rens) plus several regions that don't have a major trade hub. I play fairly casually and update orders infrequently, often going several days between posting/updating orders. Some characters get updated more often than others and I update sell orders more consistently than buy orders.
In March I made 23 billion after expenses making it my best month yet.
Current net worth is 129 billion with 65% of it in cash and market escrow. Most of the rest is in sell orders and recently acquired stock I haven't gotten around to posting for sale yet. Very little is in assets I don't intend to sell soon, a few ships and some mods I keep in stock for my own use, maybe 2 billion in total.
That's my actual current total net worth, I don't pad the numbers by counting ISK I've earned but have since spent and no longer have. That'd be like calling myself a real life millionaire because I've earned over a million dollars during my life when the reality is I've never had anywhere near a million in total.
Tomorrow's post will cover the shocking truth about what I did to nearly double my trading income last month.
I'm interested that you have so much liquid isk. I generally work on the notion that isk is one of the worst investments and that it should be converted into something with a long term upward trend if there's no immediate trading use. (Examples: Guidance Systems, plex, Prophecies should all beat isk ROI over time).
ReplyDeleteAre you staying agile in anticipation of Fanfest market intel?
You're absolutely right I do have too much liquid ISK right now. Tomorrow's post (which is already written) covers that but for now all I'll say is that for months I was just coasting along making 10 bil plus per month and not really growing my business.
DeleteBTW don't forget as a trader with Margin Trading V I do need to keep enough liquid to cover the additional capital required when someone sells me something. That can quickly add up to billions, especially if my buy prices are aggressive.
DeleteI've always wondered how market people such as yourself track your inventory and what you are buying. I tried station trading for a couple weeks with only like 20 items, and had trouble doing this, I couldn't imagine 100+ items on multiple toons. Any help?
ReplyDeleteGenerally I go by the KISS rule and try to keep things as simple as possible. My inventory control is mostly a matter of posting sell orders and placing new buy orders to replace old buy orders as they get filled. Sell orders get posted on the same station as long as they're profitable and I'm not overstocked on something. If I'm overstocked I'll often ship a billion ISK of items off to another station in another region. And that's really about all I do to control my inventory.
DeleteAs to what I buy... Faction and Deadspace mods, Implants (mostly +5 skill implants) and skillbooks.
DeleteI don't really "track" my inventory at all though I do use Evemon to take a look at wallet transactions to help spot particular characters with recent high volume transactions. I use JEveAssets too for the grand totals on the values tab (the screenshot in the post above). Occasionally I look at the graphs on JEveAssets "tracking" tab too but I don't think that's what you meant by tracking. That's just a graph showing general trends of where your money (cash, escrow, assets, sell orders, etc.).
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