Thursday, 1 August 2013

Financial Report - July 2013

Financial report for the month of July 2013 (last month). Trade oriented since trading is how I make virtually all of my ISK.

I buy and sell skill-books, faction/deadspace/officer 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 July I made 22 billion after expenses (exactly the same as in June). Not bad considering the time I spent playing the market was way down, I lost 3 billion to an input lag induced typo and my expenses were up too.

Expenses were up because I bought and fit a bunch of ships for various alts to fly (Tengus, Prowlers, Cheetahs and Buzzards mostly) plus I've been going through nearly 3 times more PLEX the last couple months with 12 accounts now and 4 or 5 dual training.

My market activity was way down. I mostly just concentrated on 3 items and let the rest of my orders sit for almost passive income. For the most part I logged onto 1 buyer on Jita and couriered items to 4 other traders for sale. I did log onto other characters several times to post stock that was piling up and updated most of the orders on all my traders at least once during the month (3 or 4 times on several). I spent a grand total of about 20 hours working the market.

Current net worth is 230 billion with about half 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.  As I get bigger and spend less time updating individual orders I find myself carrying more and more of my net worth in sell orders. 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 4 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.

Next month I'm going to try to keep the time under an hour a day and concentrate on 13 items instead of just 3 to see how that works out. I also intend to spend some time developing the implants market which has always been my 3rd and least profitable market, after mods and skill books.


  1. I never liked trading in implants. Always too much competition, and never as consistent as skill books. Far too much effort involved in selling those off.

    I am curious though... how many alts do you have? Just for trading, not for other activities.

    1. Yeah me too that's why my implant business is still lagging behind the mods business and even skill books.

      17 traders plus my main has decent trade skills though he doesn't really do any trading now. I don't update them all every day (not even close).

    2. And of course a few hours after I wrote the above comment, implant prices drop a lot. I had at least 4 billion in implants sold to my buy orders a few hours later, 2 billion in mindlinks alone.

      12 hours later, over 6 billion bought and a couple alts running low on cash to buy more with. :)

      I'll make a profit on them but prices on a lot of implants are way down from where they've been lately.

      It looks like someone big in implants has decided prices are high enough now it's time to dump a bunch.

    3. Don't buy mindlinks! They will be added to LP stores in Odyssey 1.1. You gonna lose a ton of isk on them especially mining foreman mindlinks (they will drop tp 60-80m)!

    4. Ouch! I did not know that.

      Thanks for the tip, I'll still buy the others in low volume for quick resale but mining foreman links I'll definitely have to stop buying. Good thing I only got one of those.

  2. Do you station trade skill books or regional tra them?

    Also, what sort of profit split do you get between jita / the other trade hubs / and the rest?

    1. Skill books I mostly station trade, particularly on the 5 main hubs where I only use station orders for skill books. The traders in more out of the way places buy skill books further out (not full regional though) and transport them to the local hub for sale.

      Anything I wind up buying more than I can sell locally eventually gets sent to a main hub, usually when I have a billion or so worth to ship.

      Profit split I can't really say. I don't use a spreadsheet or anything to track that and I shift billions around between characters all the time.

      I do tend to buy a lot of a few items on Jita, courier them out to other traders for sale and send ISK back to the Jita buyers.

      Stuff sold on Jita tends to be higher volume, lower margin sales than on the other hubs.