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Gryphius
Caldari Arenian Knights
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Posted - 2009.05.07 01:02:00 -
[1]
Hey everyone at MD, I've got 50 million ISK that I'm looking to invest in something.
I'm just starting to wade into the sludge of investing, so any recommendations for a nubcake would be much appreciated. Also, I'm hoping for something other than Ebank or Dbank to invest in.
Thanks in advance! --------------------------------- >> Neverending lottery! <<
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Brock Nelson
Caldari Flux Technologies Inc
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Posted - 2009.05.07 01:04:00 -
[2]
IGBank
Why? Because someone thought it was for the lulz
Blueprint Store |
Treelox
Amarr Seppuku Warriors
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Posted - 2009.05.07 01:20:00 -
[3]
Since I am in MD posting right now, let me dispence my wisdom of the ages....
Ebank and/or Dbank != investing
thank you that is all, good night MD --
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PublicRelations Kwint
Lothian Quay Industries
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Posted - 2009.05.07 01:53:00 -
[4]
I was going to insult you for making a thread about such a small amount that it doesn't even meet the minimum investment on any of the meaningful offerings but I'm growing tired of trying to clear the idiots out of MD. So instead I'll echo Treelox, putting your money into a bank is not investing.
Purchasing and Shipping Moon Minerals |
Lui Kai
Logistics Incorporated
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Posted - 2009.05.07 02:01:00 -
[5]
I have some hot, delicious waffles which I am seeking funding for. As I intend to add buttery syrup to the waffles before relisting them, I expect a 7% ROI monthly on the investment. ---------------- Ambulation Answers
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Brock Nelson
Caldari Flux Technologies Inc
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Posted - 2009.05.07 02:05:00 -
[6]
Originally by: Lui Kai I have some hot, delicious waffles which I am seeking funding for. As I intend to add buttery syrup to the waffles before relisting them, I expect a 7% ROI monthly on the investment.
Does your business plan involve performing reverse engineering on said waffles to create pancakes?
I'm in
Blueprint Store |
Akita T
Caldari Navy Volunteer Task Force
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Posted - 2009.05.07 02:09:00 -
[7]
For certain definitions of the term "investment", putting your money in the bank IS an investment A (hopefully) low-risk, (certainly) low-yield investment, but an investment nevertheless.
EVE issues|Mining revamp|Build stuff|Make ISK |
Bonhomme Carnaval
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Posted - 2009.05.07 02:13:00 -
[8]
Originally by: PublicRelations Kwint I was going to insult you for making a thread about such a small amount that it doesn't even meet the minimum investment on any of the meaningful offerings but I'm growing tired of trying to clear the idiots out of MD. So instead I'll echo Treelox, putting your money into a bank is not investing.
Probably the most stupid and immature response I've ever seen to pretty much any thread in MD by an MD regular. I hope the OP discards your post as the trash it is. With that kind of hatred for the average player building up in you and now starting to show, I'm starting to wonder how long it'll take before you go Xavier on everyone.
To the OP, look for a smallish IPO or bond where the manager seems to be cooperative and willing to provide security that doesn't compromise his business. An audit by a trusted auditor and collateral where applicable is a good start. Also, don't invest what you can't afford to lose, don't invest just because someone else did, and don't be too lazy to do a bit of research. |
pius Fabrica
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Posted - 2009.05.07 02:14:00 -
[9]
Edited by: pius Fabrica on 07/05/2009 02:15:32
Originally by: PublicRelations Kwint I was going to insult you for making a thread about such a small amount that it doesn't even meet the minimum investment on any of the meaningful offerings but I'm growing tired of trying to clear the idiots out of MD. So instead I'll echo Treelox, putting your money into a bank is not investing.
Perhaps instead of throwing insults you could toss advice instead, typing is typing.
Or we can throw insults, My self esteem is already good thanks (or is it a sexual kicks thing? ah I give up trying to follow)
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Akita T
Caldari Navy Volunteer Task Force
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Posted - 2009.05.07 02:22:00 -
[10]
You want advice ? Here's the advice...
For 50 mil, it's not worth the trouble and risk of trying to invest it since you could easily USE IT YOURSELF to boost the effectiveness of whatever it was you were doing in the first place to get this surplus ISK, essentially turning it into an investment into yourself.
The only reasons to invest ISK in somebody else but yourself are: * you maxed-out your current means of getting ISK and don't want to invest in yourself any further (hardly the case if the excess ISK is 50 mil, but who knows) * you got those ISK as a stroke of luck and actually have no clue how to make ISK in the first place (in which case you would be beyond help anyway) * are going away for a while so those ISK would sit unused (in which case, bank is the best option still since it's almost as secure as in your wallet but at least generates some extra ISK) * you have so much ISK you have no idea what do do with it anymore (in which case, you wouldn't say you only have 50 mil ISK to invest)
So, in not so many words, trying to get advice on how to invest 50 mil ISK is so many shades of wrong that we already covered many times in the distant past that I was almost tempted to do a search-and-copy-paste instead of adlibbing it.
EVE issues|Mining revamp|Build stuff|Make ISK |
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Kazzac Elentria
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Posted - 2009.05.07 02:30:00 -
[11]
Originally by: Brock Nelson
Originally by: Lui Kai I have some hot, delicious waffles which I am seeking funding for. As I intend to add buttery syrup to the waffles before relisting them, I expect a 7% ROI monthly on the investment.
Does your business plan involve performing reverse engineering on said waffles to create pancakes?
I'm in
I approve of this offering |
Bonhomme Carnaval
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Posted - 2009.05.07 02:31:00 -
[12]
Edited by: Bonhomme Carnaval on 07/05/2009 02:32:37
Originally by: Akita T You want advice ? Here's the advice...
For 50 mil, it's not worth the trouble and risk of trying to invest it since you could easily USE IT YOURSELF to boost the effectiveness of whatever it was you were doing in the first place to get this surplus ISK, essentially turning it into an investment into yourself.
The only reasons to invest ISK in somebody else but yourself are: * you maxed-out your current means of getting ISK and don't want to invest in yourself any further (hardly the case if the excess ISK is 50 mil, but who knows) * you got those ISK as a stroke of luck and actually have no clue how to make ISK in the first place (in which case you would be beyond help anyway) * are going away for a while so those ISK would sit unused (in which case, bank is the best option still since it's almost as secure as in your wallet but at least generates some extra ISK) * you have so much ISK you have no idea what do do with it anymore (in which case, you wouldn't say you only have 50 mil ISK to invest)
So, in not so many words, trying to get advice on how to invest 50 mil ISK is so many shades of wrong that we already covered many times in the distant past that I was almost tempted to do a search-and-copy-paste instead of adlibbing it.
Situation example : Someone is a trader in Jita and uses all his capital on his orders for a while. After some trading, it becomes harder for said person to avoid having ISK sitting in his wallet. After managing his orders each day, Example Person notices that while the amount of ISK sitting varies, it's consistently over 50 millions ISK yet not consistently over, say, 100 millions ISK. That person then decides that since he plans on investing later, he might aswell get familiar with the concept and possibly make some contacts. He comes to the appropriate forums and asks for legitimate advice. End of example.
Can you tell me where the problem is? (hint : it's lower than the OP, literally and figuratively).
Note that I'm mostly reffering to PublicDegradation Kwint's childish post, although I still disagree with yours (even though you communicated your opinion in a relatively adult manner). |
Akita T
Caldari Navy Volunteer Task Force
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Posted - 2009.05.07 02:39:00 -
[13]
Edited by: Akita T on 07/05/2009 02:41:10
I'm fairly confident you could probably find people that would be able to use 50 mil ISK as an investment, but how exactly do you propose to check if they're trustworthy and how do you want to secure your investment, if at all ? For somebody in your described hypothetical situation (or, really, just about anybody in need of ONLY 50 mil ISK), the actual trouble they would have to go through to get those ISK is usually not worth it.
Yeah, sure, he can invest those 50 mil ISK in the first person who asks or can be bothered to jump through all those hoops, but he asked for advice, and our advice is "for such a lowly amount, you're very likely to just get scammed". So, again, our advice is to either keep it in the wallet, put it in a bank, or forget it exists after investing it in the FIRST IPO the OP comes across (and cross his fingers hoping for the best). Also, if he can invest 50 mil and wants US to do the research for him, my answer would be "sorry, did the research, BOUGHT OUT the entire IPO's stock when I deemed it decent enough, you have nowhere to invest".
Seriously, bank. We're not talking nonsense, we're just avoiding two or three pages of rehashed old arguments that end up in "seriously, bank". Seriously.
EVE issues|Mining revamp|Build stuff|Make ISK |
Kazzac Elentria
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Posted - 2009.05.07 02:43:00 -
[14]
Originally by: Akita T I'm fairly confident you could probably find people that would be able to use 50 mil ISK as an investment, but how exactly do you propose to check if they're trustworthy and how do you want to secure your investment, if at all ? For somebody in your described hypothetical situation (or, really, just about anybody in need of ONLY 50 mil ISK), the actual trouble they would have to go through to get those ISK is usually not worth it. So, yeah, sure, he can invest those 50 mil ISK in the first person who asks or can be bothered to jump through all those hoops, but he asked for advice, and our advice is "for such a lowly amount, you're very likely to just get scammed". So, again, our advice is to either keep it in the wallet, put it in a bank, or forget it exists after investing it in the FIRST IPO the OP comes across (and cross his fingers hoping for the best).
Tell you what, I'll do the OP a favor.
Gimme your 50m and I'll make a run on the market (likely low end implants or meta items). Over the term of a weeks or two without much effort on my part (read 4 hours tops) I should be able to net you a return of 50m.
I'll then export my market logs to a excel sheet so you can see just how I did it and where I did it at.
Then you to can get started on the road to becoming dirty rotten scoundrels like us. |
Bonhomme Carnaval
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Posted - 2009.05.07 02:44:00 -
[15]
Originally by: Akita T I'm fairly confident you could probably find people that would be able to use 50 mil ISK as an investment, but how exactly do you propose to check if they're trustworthy and how do you want to secure your investment, if at all ? For somebody in your described hypothetical situation (or, really, just about anybody in need of ONLY 50 mil ISK), the actual trouble they would have to go through to get those ISK is usually not worth it. So, yeah, sure, he can invest those 50 mil ISK in the first person who asks or can be bothered to jump through all those hoops, but he asked for advice, and our advice is "for such a lowly amount, you're very likely to just get scammed". So, again, our advice is to either keep it in the wallet, put it in a bank, or forget it exists after investing it in the FIRST IPO the OP comes across (and cross his fingers hoping for the best).
First, I think that if you actually consider Kwint's post to be advice then you are being blindly loyal to your friends and/or the other MD regulars but I'm going to assume that's not what you were saying.
About the advice itself, I don't suggest he invests 50 millions in someone as the only investor, but if someone were to make a bond or IPO for a smallish amount of ISK (read : around the 1 billion mark or less), he could be ONE of the investors if the minimum investment allows it and, of course, if the investment manager provides good reasons to believe the ISK would be in good hands.
Again I fail to see how his original post was wrong and I think investing 50 millions ISK is definately a possibility, even though the returns would obviously be quite small. I'd like to be shown where I'm wrong, if that's the case. |
Bonhomme Carnaval
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Posted - 2009.05.07 02:46:00 -
[16]
Edited by: Bonhomme Carnaval on 07/05/2009 02:48:17
Originally by: Kazzac Elentria Tell you what, I'll do the OP a favor.
Gimme your 50m and I'll make a run on the market (likely low end implants or meta items). Over the term of a weeks or two without much effort on my part (read 4 hours tops) I should be able to net you a return of 50m.
I'll then export my market logs to a excel sheet so you can see just how I did it and where I did it at.
Then you to can get started on the road to becoming dirty rotten scoundrels like us.
Thanks. I was feeling all lonely with my constructive posting! Very generous offer that I'd gladly accept were I in the OP's shoes.
EDIT : Diclaimer : there was a lot of constructive advice in Akita's posts too but I think there was a fairly equal share of biased elitism which we're all to blame for at some point. |
PublicRelations Kwint
Lothian Quay Industries
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Posted - 2009.05.07 02:52:00 -
[17]
Originally by: Bonhomme Carnaval
Originally by: PublicRelations Kwint I was going to insult you for making a thread about such a small amount that it doesn't even meet the minimum investment on any of the meaningful offerings but I'm growing tired of trying to clear the idiots out of MD. So instead I'll echo Treelox, putting your money into a bank is not investing.
Probably the most stupid and immature response I've ever seen to pretty much any thread in MD by an MD regular. I hope the OP discards your post as the trash it is. With that kind of hatred for the average player building up in you and now starting to show, I'm starting to wonder how long it'll take before you go Xavier on everyone.
I see no reason to defend my reputation, it speaks for itself. That leaves responding in kind but as it turns out you don't have a reputation for me to attack so I'm at a bit of a loss. All I can really say is that if you're going to claim an offering is going the way of a specific scam, at least pick one that in some way vaguely resembles it. Claiming Kwint Industries is going the way of Xabier just makes you sound ignorant.
Purchasing and Shipping Moon Minerals |
Kazzac Elentria
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Posted - 2009.05.07 02:56:00 -
[18]
Originally by: PublicRelations Kwint All I can really say is that if you're going to claim an offering is going the way of a specific scam, at least pick one that in some way vaguely resembles it. Claiming Kwint Industries is going the way of Xabier just makes you sound ignorant.
Gotta agree with Kwint here seeing that he just finished up a project and returned my full 1.5b and interest with no problems. |
Bonhomme Carnaval
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Posted - 2009.05.07 03:00:00 -
[19]
Edited by: Bonhomme Carnaval on 07/05/2009 03:04:42
Originally by: PublicRelations Kwint
Originally by: Bonhomme Carnaval
Originally by: PublicRelations Kwint I was going to insult you for making a thread about such a small amount that it doesn't even meet the minimum investment on any of the meaningful offerings but I'm growing tired of trying to clear the idiots out of MD. So instead I'll echo Treelox, putting your money into a bank is not investing.
Probably the most stupid and immature response I've ever seen to pretty much any thread in MD by an MD regular. I hope the OP discards your post as the trash it is. With that kind of hatred for the average player building up in you and now starting to show, I'm starting to wonder how long it'll take before you go Xavier on everyone.
I see no reason to defend my reputation, it speaks for itself. That leaves responding in kind but as it turns out you don't have a reputation for me to attack so I'm at a bit of a loss. All I can really say is that if you're going to claim an offering is going the way of a specific scam, at least pick one that in some way vaguely resembles it. Claiming Kwint Industries is going the way of Xabier just makes you sound ignorant.
You seem to think that your background in investing via the MD forums justifies your immaturity and makes me wrong in calling you out on said immaturity. This is exactly the kind of elitism that I believe fueled your first post. You're coming off as a rather childish person whether your friends pretend so or not. In fact, you defended nothing BUT your reputation. As it stands, you're still the author of a very trollish post that was clearly uncalled for and you refuse to see it or apologize to the OP about it.
As for me, I'm an alt (my main is Drahkar, in case you want to know) and don't care about my own reputation by MD standards on neither of my characters. I'm neither an investor nor an investment manager so I have no reason to seek such a reputation. I don't see how it changes the nature of your first post.
I think you need to step off your high horse and realize that having more ISK, more experience in making ISK or more background in succeeding at such activities doesn't in any way justify any sort of childish behavior. |
Akita T
Caldari Navy Volunteer Task Force
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Posted - 2009.05.07 03:09:00 -
[20]
Once upon a time, MD was much lower down the forums list, and people came in here discussing their IPOs, asking people for money, asking why some product is more expensive now, bragging about the wallet size and so on and so forth. Then, cue in "and there goes the neighbourhood" music, once MD got moved. Now, we get most of the first couple of pages filled with questions that would formerly pop up in "New Players" or god knows where else.
It's hard not to be bitter.
EVE issues|Mining revamp|Build stuff|Make ISK |
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Bonhomme Carnaval
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Posted - 2009.05.07 03:10:00 -
[21]
Originally by: Kazzac Elentria
Originally by: PublicRelations Kwint All I can really say is that if you're going to claim an offering is going the way of a specific scam, at least pick one that in some way vaguely resembles it. Claiming Kwint Industries is going the way of Xabier just makes you sound ignorant.
Gotta agree with Kwint here seeing that he just finished up a project and returned my full 1.5b and interest with no problems.
While I hope it's clear that I don't have any problems with your contributions to this community, I want to point out that Xabier probably also returned quite a few billions of ISK to DBank clients before he burned out and ran off with some of their ISK. I don't actually doubt that Kwint CURRENTLY (and possibly indefinately) intends to run his business in a honest manner but I'm just mentionning the fact that the attitude he has displayed in this thread is not a good sign when it comes to the longetivity of his honesty and his reliability. |
Kazzac Elentria
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Posted - 2009.05.07 03:17:00 -
[22]
Originally by: Bonhomme Carnaval
While I hope it's clear that I don't have any problems with your contributions to this community, I want to point out that Xabier probably also returned quite a few billions of ISK to DBank clients before he burned out and ran off with some of their ISK. I don't actually doubt that Kwint CURRENTLY (and possibly indefinately) intends to run his business in a honest manner but I'm just mentionning the fact that the attitude he has displayed in this thread is not a good sign when it comes to the longetivity of his honesty and his reliability.
That's Kwint being Kwint.
Asking him to change would be like asking a pirate not to have a parrot. |
Bonhomme Carnaval
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Posted - 2009.05.07 03:21:00 -
[23]
This is the good stuff for the OP in this thread so far, in my opinion. I fear it has been lost amongst the rest.
By me Look for a smallish IPO or bond where the manager seems to be cooperative and willing to provide security that doesn't compromise his business. An audit by a trusted auditor and collateral where applicable is a good start. Also, don't invest what you can't afford to lose, don't invest just because someone else did, and don't be too lazy to do a bit of research.
By Akita (reworded, too lazy to quote) You should invest in a bond or IPO where your ISK represents only a relatively small percentage of the total amount. This is because such bonds/IPOs tend to more public and considered important enough not to lack securities (which most tiny bonds/IPOs do).
By Kazzac Not really advice on his part but probably better... I strongly suggest taking him up on his offer. I'm jealous. |
Treelox
Amarr Seppuku Warriors
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Posted - 2009.05.07 04:27:00 -
[24]
Above poster is indicative of many of the reasons I no longer bother to come to MD.
disclaimer - I did break my self imposed exile today, but that is because I am so bored and in the middle of no where and behind a very mean firewall, so Eve-O forums are all I can get to off all my daily interwebz crack. --
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Amarr Citizen 155
Alternative Methods Research Group
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Posted - 2009.05.07 04:48:00 -
[25]
Originally by: Treelox Above poster is indicative of many of the reasons I no longer bother to come to MD.
disclaimer - I did break my self imposed exile today, but that is because I am so bored and in the middle of no where and behind a very mean firewall, so Eve-O forums are all I can get to off all my daily interwebz crack.
Treelox sighting!!!!!
If you were on MSN we could cyber.....
Quote: Ricdic (about starting ebank, July 2007): Think of it as a miniature EIB done right. I cannot see this getting anywhere near 700b any time in the future tbh.
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Bonhomme Carnaval
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Posted - 2009.05.07 10:49:00 -
[26]
Originally by: Treelox Above poster is indicative of many of the reasons I no longer bother to come to MD.
disclaimer - I did break my self imposed exile today, but that is because I am so bored and in the middle of no where and behind a very mean firewall, so Eve-O forums are all I can get to off all my daily interwebz crack.
Yet you seem unsable to explain how I am being unconstructive compared to you.
I think most of the people who know of MD but don't hang around decided to leave because of people like you. I doubt the part where I was defending the OP and gathering advice for him really encouraged him to leave MD. Your childish attitude, on the other hand, is probably one of the main reasons why MD is mostly a bunch of elitist regulars stroking their ego and hating everyone else because it's what the cool kids do. |
LaVista Vista
Conservative Shenanigans Party
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Posted - 2009.05.07 10:56:00 -
[27]
Originally by: Treelox Above poster is indicative of many of the reasons I no longer bother to come to MD.
disclaimer - I did break my self imposed exile today, but that is because I am so bored and in the middle of no where and behind a very mean firewall, so Eve-O forums are all I can get to off all my daily interwebz crack.
Treelox, come back to us.
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Kazzac Elentria
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Posted - 2009.05.07 12:09:00 -
[28]
Originally by: Treelox Above poster is indicative of many of the reasons I no longer bother to come to MD.
disclaimer - I did break my self imposed exile today, but that is because I am so bored and in the middle of no where and behind a very mean firewall, so Eve-O forums are all I can get to off all my daily interwebz crack.
If it would get you to come back here, I'd personally set you up your own proxy here at work on our ASA |
skeljita
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Posted - 2009.05.07 12:10:00 -
[29]
50m is peanuts. Use that 50m to buy yourself some better gear/ships/skills so you can actually make some real money. Investing 50m isnt something Id do. Its just not worth the time.
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Jotobar
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Posted - 2009.05.07 13:17:00 -
[30]
Originally by: skeljita 50m is peanuts. Use that 50m to buy yourself some better gear/ships/skills so you can actually make some real money. Investing 50m isnt something Id do. Its just not worth the time.
this or buy a bunch of different +3 implants in jita and drive them to some neighbour zone where the price is higher and put up sell orders and refresh the price until you go nuts.
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