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The Fukuzawa
New Eden Trade Group
24
|
Posted - 2016.11.17 00:35:15 -
[1] - Quote
I'm going to keep this short and simple because i expect to just get flamed like in the past regardless, despite our track record, see the link below:
https://forums.eveonline.com/default.aspx?g=posts&t=244221&find=unread
We are seeking uncollateralize loans, willing to pay 4% monthly
We need the money to replenish our depleted liquid isk pool for buy orders.
Public Cannel: New Eden Trade Group
! ! ! New Eden Trade Group is paying monthly interest to investors, contact me if interested ! ! !
If you already assume we are scammers without looking at what we offer objectively, go ahead and F*** off.
Thank you, that is all.
|
Solonius Rex
F0RCED ENTRY Domestic Disturbance
367
|
Posted - 2016.11.17 16:58:44 -
[2] - Quote
The Fukuzawa wrote:I'm going to keep this short and simple because i expect to just get flamed like in the past regardless, despite our track record, see the link below: https://forums.eveonline.com/default.aspx?g=posts&t=244221&find=unread We are seeking uncollateralize loans, willing to pay 4% monthly We need the money to replenish our depleted liquid isk pool for buy orders, vets are logging back in and selling their ****. Public Cannel: New Eden Trade Group
If your buy orders are being fulfilled, shouldn't you have a lot of items that you can offer as collateral? |
Elizabeth Norn
Nornir Research
986
|
Posted - 2016.11.17 17:10:00 -
[3] - Quote
You appear to have upset someone, could you shed any light on what may have happened, if anything has, between you two? They've been posting lots of similar comments on your character's Eve Who profiles under several different names.
https://evewho.com/pilot/The+Peter+North
I made contact with the real Hanna Fields who said they haven't done any business with you (http://i.imgur.com/ckHus6K.png).
Free 3rd party service
21 day trial, you keep the whole PLEX
|
The Fukuzawa
New Eden Trade Group
24
|
Posted - 2016.11.17 19:54:49 -
[4] - Quote
Solonius Rex wrote:The Fukuzawa wrote:I'm going to keep this short and simple because i expect to just get flamed like in the past regardless, despite our track record, see the link below: https://forums.eveonline.com/default.aspx?g=posts&t=244221&find=unread We are seeking uncollateralize loans, willing to pay 4% monthly We need the money to replenish our depleted liquid isk pool for buy orders, vets are logging back in and selling their ****. Public Cannel: New Eden Trade Group If your buy orders are being fulfilled, shouldn't you have a lot of items that you can offer as collateral?
Yup
! ! ! New Eden Trade Group is paying monthly interest to investors, contact me if interested ! ! !
If you already assume we are scammers without looking at what we offer objectively, go ahead and F*** off.
Thank you, that is all.
|
The Fukuzawa
New Eden Trade Group
24
|
Posted - 2016.11.17 19:56:01 -
[5] - Quote
Elizabeth Norn wrote:You appear to have upset someone, could you shed any light on what may have happened, if anything has, between you two? They've been posting lots of similar comments on your character's Eve Who profiles under several different names. https://evewho.com/pilot/The+Peter+North I contacted the real Hanna Fields who said they haven't done any business with you (http://i.imgur.com/ckHus6K.png).
Just another example of someone without any evidence accusing us of scamming. We have never scammed anyone and never will, the reputation of being legit is far more valuable.
Haters are gunna hate
! ! ! New Eden Trade Group is paying monthly interest to investors, contact me if interested ! ! !
If you already assume we are scammers without looking at what we offer objectively, go ahead and F*** off.
Thank you, that is all.
|
Elizabeth Norn
Nornir Research
986
|
Posted - 2016.11.18 00:40:00 -
[6] - Quote
But why do they hate you? You must have an idea of who it can be, I'm assuming all the comments left on most of your characters 11 days ago were the same person.
Free 3rd party service
21 day trial, you keep the whole PLEX
|
The Fukuzawa
New Eden Trade Group
24
|
Posted - 2016.11.18 02:18:56 -
[7] - Quote
Elizabeth Norn wrote:But why do they hate you? You must have an idea of who it can be, I'm assuming all the comments left on most of your characters 11 days ago were the same person.
We are dicks to people.
If I had to guess it is a CEO or higher up in one of the many merc groups who have war decced us hoping for some low hanging fruit. Typically we reach out to them, and negotiate I price to end the war dec. We draw this out as long as possible, wasting as much of their time as possible while doing market things, and **** tease them with a high payment to end the dec, and then at the last moment possible switch gears on them and start pushing for them to invest into our corp, and send ads to all memebers until all NETG toons are blocked, or the war dec ends.
If I had to guess it would be due to this.
But who knows
! ! ! New Eden Trade Group is paying monthly interest to investors, contact me if interested ! ! !
If you already assume we are scammers without looking at what we offer objectively, go ahead and F*** off.
Thank you, that is all.
|
Bad Bobby
Bring Me Sunshine In Tea We Trust
1587
|
Posted - 2016.11.18 08:14:26 -
[8] - Quote
Nice to see your PR skills haven't improved since last time.
If you want to see different results when trying to raise money here, you might want to approach it differently.
A bit of charm wouldn't go amiss, or simply being polite, but most of all it's probably a bad idea to open with defensive statements and links to shill threads.
You really cannot expect 4% uncollateralised loans from MD when your track record here has been a total trainwreck. Only those with impeccable reputations are able to raise isk at that rate. |
Natalia Petronovska
Science and Trade Institute Caldari State
0
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Posted - 2016.11.18 11:00:32 -
[9] - Quote
So I am assuming what he is asking for is bad? |
Zad Murrard
Frozen Dawn Inc Frozen Dawn Alliance
43
|
Posted - 2016.11.18 12:35:21 -
[10] - Quote
Natalia Petronovska wrote:So I am assuming what he is asking for is bad?
In general asking for a loan is not bad. In order to get a loan your job is to make people believe that they will get their money back.
The risk is usually mitigated by the party asking for the loan in the form of collateral which is given for the duration of the loan either to a trusted 3rd party or to the person giving the loan.
One has to be highly trusted if he/she wants to loan money without offering any collateral. Bad Bobby here was pointing that The Fukuzawa has not earned such trust.
The facts are that 1) The Fukuzawa confirms here in post ~4 that he would have items to offer as collateral.... but he chose not (post 1). This raises an alarm flag. 2) He lacks good reputation. Second flag. 3) Someone has written some interesting comments about him in evewho. Third flag.
=> Total result is that people do not believe they would ever get their ISK back once loaned |
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The Fukuzawa
New Eden Trade Group
24
|
Posted - 2016.11.18 13:06:06 -
[11] - Quote
This is going as expected hahahaha
! ! ! New Eden Trade Group is paying monthly interest to investors, contact me if interested ! ! !
If you already assume we are scammers without looking at what we offer objectively, go ahead and F*** off.
Thank you, that is all.
|
Xayder
Infinitum Cartel Stella Nova
365
|
Posted - 2016.11.18 13:59:16 -
[12] - Quote
I just thought about this Phaser Inc. investement
yeah that was a good one
I don't always post, But when i post I do it with my main
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RAW23
917
|
Posted - 2016.11.18 14:34:16 -
[13] - Quote
The Fukuzawa wrote:
It would be nice if just one of the thousands of accusers over the years would post an API proving they were scammed, but that's too much to ask
You've really been accused of scamming that frequently? I must confess that I find that odd as none of the legitimate investment opportunities I have worked with have ever had any significant scam accusations made against them. Why do you think your business attracts so much more of this negative attention than others do?
_There are two types of EVE player: _
those who believe there are two types of EVE player and those who do not.
|
Captain Tardbar
Hentogaira Miners Alliance
1182
|
Posted - 2016.11.18 14:58:42 -
[14] - Quote
I don't know.
Maybe if you did collateralized loans this wouldn't be a problem.
I'd be willing to be a trusted 3rd party for 50 million per transaction.
Looking to talk on VOIP with other EVE players? Are you new and need help with EVE (welfare) or looking for advice? Looking for adversarial debate with angry people?
Captain Tardbar's Voice Discord Server
|
Solonius Rex
F0RCED ENTRY Domestic Disturbance
368
|
Posted - 2016.11.18 17:20:39 -
[15] - Quote
The Fukuzawa wrote:Solonius Rex wrote:The Fukuzawa wrote:I'm going to keep this short and simple because i expect to just get flamed like in the past regardless, despite our track record, see the link below: https://forums.eveonline.com/default.aspx?g=posts&t=244221&find=unread We are seeking uncollateralize loans, willing to pay 4% monthly We need the money to replenish our depleted liquid isk pool for buy orders, vets are logging back in and selling their ****. Public Cannel: New Eden Trade Group If your buy orders are being fulfilled, shouldn't you have a lot of items that you can offer as collateral? Yup
So... wheres the collateral. |
Solonius Rex
F0RCED ENTRY Domestic Disturbance
368
|
Posted - 2016.11.18 17:28:28 -
[16] - Quote
The Fukuzawa wrote:This is going as expected hahahaha
Yeah.
"I have items to offer up as collateral, but i want an uncollateralized loan. Oh, and people wrote nasty things about me on EVE-Who, but please just ignore, this is totally not a scam. Emote sad face."
"This is going as expected hahahaha"
You have a keen sense. |
The Fukuzawa
New Eden Trade Group
24
|
Posted - 2016.11.19 00:30:23 -
[17] - Quote
Solonius Rex wrote:The Fukuzawa wrote:This is going as expected hahahaha
Yeah. "I have items to offer up as collateral, but i want an uncollateralized loan. Oh, and people wrote nasty things about me on EVE-Who, but please just ignore, this is totally not a scam. Emote sad face." "This is going as expected hahahaha" You have a keen sense.
The collateral is on the market where it belongs.
No sad face sir, have borrowed hundreds of billions of isk over the years, paid all interest, returned all principle.
I challange the clowns of Market Discussion to find some concrete evidence that anyone has been scammed by NETG, since we are obviously scammers it should not be hard hahaha
! ! ! New Eden Trade Group is paying monthly interest to investors, contact me if interested ! ! !
If you already assume we are scammers without looking at what we offer objectively, go ahead and F*** off.
Thank you, that is all.
|
Natalia Petronovska
Science and Trade Institute Caldari State
0
|
Posted - 2016.11.19 02:01:30 -
[18] - Quote
Zad Murrard wrote:Natalia Petronovska wrote:So I am assuming what he is asking for is bad? In general asking for a loan is not bad. In order to get a loan your job is to make people believe that they will get their money back. The risk is usually mitigated by the party asking for the loan in the form of collateral which is given for the duration of the loan either to a trusted 3rd party or to the person giving the loan. One has to be highly trusted if he/she wants to loan money without offering any collateral. Bad Bobby here was pointing that The Fukuzawa has not earned such trust. The facts are that 1) The Fukuzawa confirms here in post ~4 that he would have items to offer as collateral.... but he chose not (post 1). This raises an alarm flag. 2) He lacks good reputation. Second flag. 3) Someone has written some interesting comments about him in evewho. Third flag. => Total result is that people do not believe they would ever get their ISK back once loaned Ok, I can see what you are saying. I am not close in asking for or giving out loans as of yet because my market trading career is just starting, but I am slowly building my collateral (slowly is the main word).
So collateral is used to show that they can cover the cost of the loan upfront? So if the loan is defaulted, the person who loaned out the isk gets the collateral? How often has that happened?
And if it is uncollaterized, the percent of return is higher? And obviously your reputation in this game is really important, isnt it?
Damn, I have a lot to learn with this market. Way harder than WoW. |
Bad Bobby
Bring Me Sunshine In Tea We Trust
1589
|
Posted - 2016.11.19 03:04:39 -
[19] - Quote
The Fukuzawa wrote:I challange the clowns of Market Discussion to find some concrete evidence that anyone has been scammed by NETG, since we are obviously scammers it should not be hard hahaha I don't see a queue of people accusing you of being a scammer. I don't see much interest at all actually, beyond a few regulars poking you with sticks in the hope you'll entertain them by flipping out and spewing rage all over the forum.
The issue is more that you are so obnoxious and insist on asking for terms that are far outside of your ability to secure.
Most people in MD know that I'm a scammer. Can I raise money in MD at the drop of a hat? Sure I can. Because I ask nicely and offer appropriate terms. |
The Fukuzawa
New Eden Trade Group
24
|
Posted - 2016.11.19 03:14:16 -
[20] - Quote
Bad Bobby wrote:The Fukuzawa wrote:I challange the clowns of Market Discussion to find some concrete evidence that anyone has been scammed by NETG, since we are obviously scammers it should not be hard hahaha I don't see a queue of people accusing you of being a scammer. I don't see much interest at all actually, beyond a few regulars poking you with sticks in the hope you'll entertain them by flipping out and spewing rage all over the forum. The issue is more that you are so obnoxious and insist on asking for terms that are far outside of your ability to secure. Most people in MD know that I'm a scammer. Can I raise money in MD at the drop of a hat? Sure I can. Because I ask nicely and offer appropriate terms.
There is plenty of interest bub, If what I was asking was not within my ablility I would not be asking in the first place bobby bozo Bahahahahaha
! ! ! New Eden Trade Group is paying monthly interest to investors, contact me if interested ! ! !
If you already assume we are scammers without looking at what we offer objectively, go ahead and F*** off.
Thank you, that is all.
|
|
Rhivre
TarNec Invisible Exchequer
943
|
Posted - 2016.11.20 13:57:34 -
[21] - Quote
The Fukuzawa wrote:Bad Bobby wrote:The Fukuzawa wrote:I challange the clowns of Market Discussion to find some concrete evidence that anyone has been scammed by NETG, since we are obviously scammers it should not be hard hahaha I don't see a queue of people accusing you of being a scammer. I don't see much interest at all actually, beyond a few regulars poking you with sticks in the hope you'll entertain them by flipping out and spewing rage all over the forum. The issue is more that you are so obnoxious and insist on asking for terms that are far outside of your ability to secure. Most people in MD know that I'm a scammer. Can I raise money in MD at the drop of a hat? Sure I can. Because I ask nicely and offer appropriate terms. There is plenty of interest bub, If what I was asking was not within my ablility I would not be asking in the first place bobby bozo Bahahahahaha
Hey honey,
I missed you!
So, why wont you offer collateral, when you already said that you could if you wanted to?
Otherwise you are no different than any other Jita spammer wanting isk (actually, you spam more than most of them)
Fluffy Bunny Pic!
|
RAW23
917
|
Posted - 2016.11.20 14:12:48 -
[22] - Quote
Quote:
I challange the clowns of Market Discussion to find some concrete evidence that anyone has been scammed by NETG, since we are obviously scammers it should not be hard hahaha
That's not the correct way to pick investments. In fact, making concrete evidence of a history of scamming your own red flag is a guaranteed pathway to losing everything you own. Lots of people scam or default for lots of different reasons. Many don't intend to initially but end up kicking over the table because they get annoyed or because they are just the type of person that enjoys making other people annoyed. The art of successful investing is to be able to estimate the possibilities of future behaviour, rather than being guided by the past. And it's not a case of thinking, 'Is this definitely a scam?' The question you have to ask is, 'Even if the chance of this being a scam is low, is it high enough to make it a bad bet in terms of possible losses weighed against possible gains'. Even if you only estimate the chance of a deal going bad at 1 in 100, it will still be a bad bet if the return offered is 1 to 200.
Your offering looks like a bad one to me because:
a) You look like the kind of person who enjoys the discomfort of others. Historically, pretty much every single person like that who has sought loans on MD has ended up scamming or defaulting because they are not the sorts of people to hit a hard patch and think, 'No, I really must double down my own efforts to prevent these people I don't really know from suffering'. They are far more likely to laugh and walk away if that is the easiest thing for them to do. This isn't a 100% guide to behaviour and there have been exceptions but definitely not enough to make a uncollateralised loan a good bet to anyone sensible.
b) Your posting also shows a distinct lack of maturity, which is an intensifier to a) above.
c) No public, confirmable history of successful borrowing. This does not mean you do not have such a history, just that there is no way at all for a potential investor on MD to confirm it. Your history is essentially a black box to investors here and historically the use of off-board transactions to support on-board loan requests has tended to end badly more often than not.
d) Given all these factors, my risk-assessment would be very high anyway, so I wouldn't invest. But even if it was a fair bit lower the returns you are offering come nowhere close to making the risk worthwhile if the deal did pay off.
All in all I'm sure people will invest and it's entirely possible they will get their money back and then some. That still doesn't make it a good investment, though, and if those people mistake a lucky roll of the dice for a well-reasoned good odds gamble they will most likely make the same mistake again and lose their shirt when the dice don't come up double six next time.
_There are two types of EVE player: _
those who believe there are two types of EVE player and those who do not.
|
RAW23
917
|
Posted - 2016.11.20 14:13:34 -
[23] - Quote
I post this once every few years but since it's been a while and there seem to be some new people interested in investing ...
RAW's Rules of Investing wrote: 1. Get as much basic information as possible to build a risk profile. This in no way provides solid protection as people can certainly act against expectations but it does provide a guide as to when you might expect someone not to bother with scamming. The basic info I always want includes a) current outstanding unsecured debt; b) previous highest unsecured debt; c) earning history and potential, including current NAV; d) degree of activity. With this data you can see that if, for example, someone has held 20bil unsecured for 6 months, cleared that debt and then launched a new bond for 10bil then they are unlikely to be following a masterplan that will involve scamming that 10bil. It is important, however, to get a commitment, where possible, that additional funds won't be raised beyond a certain level or the 10bil could rapidly become part of a 100bil debt that may fit better into a rational masterplan.
Earning history and potential is also useful but by no means definitive. Someone who can earn 10bil a week and has actively engaged with the MD community for months is unlikely to be following a masterplan that culminates in scamming 10bil. Of course they may do so for the laughs but that is a different issue (see below). Degree of activity is worth bearing in mind as it may cast a risk profile based on the previous data into doubt. Whilst someone might not build a masterplan to scam 10bil after already not taking the opportunity to scam 20bil be aware that priorities may change over time. There may also be a desire not to screw certain old investors but to suck in new ones (see, for instance Bad Bobby's decision to refinance a bunch of old debts immediately prior to scamming).
All this data can initially be asked for from the person you are thinking about investing in but you then have to trust them that the data they give you is true. Whenever possible get a third party that you trust to confirm this information via an audit or fact check. This in no way makes the data absolutely certain but improves the chances of not being misled.
2. Be very wary about investing in people that appear to be slightly unstable, erratic or eccentric, no matter how much you like them or respect them. Unstable, flighty and changeable personality types may be lovely people (or *******s) but the additional uncertainty involved will always make an investment more of a gamble.
NEVER invest in people that are contemptuous towards their investors/potential investors or who take pleasure in the suffering, inconvenience or pain of others. If someone values putting other people in positions of distress they may well end up deciding that distressed investors are worth more than on-going business relationships.
3. Make sure you get a decent return for your risk. Acknowledge your own fallibility and ask yourself how often you would expect to be wrong. If you think something like BMBE looks like a pretty good bet, ask yourself whether you would be surprised if analogously good bets failed defaulted or scammed once in a year, two years, three years, etc GǪ So, if it wouldn't surprise you if you took three years off eve and came back to find that at least one person you trust as much as BMBE or Grendell or Chribba or Darkness had scammed then it would probably be a good idea to only invest in such people if you can get an interest rate according to which one successful investment would at least balance out a failure (so roughly 3%). Obviously this is a non-rigorous rule of thumb.
4. Never be afraid to pull an investment if new information or behaviour makes you nervous.
_There are two types of EVE player: _
those who believe there are two types of EVE player and those who do not.
|
RAW23
917
|
Posted - 2016.11.20 14:34:10 -
[24] - Quote
Natalia Petronovska wrote:Ok, I can see what you are saying. I am not close in asking for or giving out loans as of yet because my market trading career is just starting, but I am slowly building my collateral (slowly is the main word).
So collateral is used to show that they can cover the cost of the loan upfront? So if the loan is defaulted, the person who loaned out the isk gets the collateral? How often has that happened?
This happens fairly often. It depends on who you are loaning to. With hardcore market traders they are relatively unlikely to default because the collateral will always be worth more than the isk they borrowed (typically by about 5-10%) and they won't want to take the loss. With other borrowers who are a bit less anal about their isk I would say expect a 25-50% default rate. When I was running a loans business I would tend to make more from pocketing the excess collateral portion of defaults than I did from the interest on undefaulted loans.
As an additional point to note, the borrower also need to trust the lender in a collateralised loan. If you are borrowing 10bil and give the lender collateral worth 10.5 bil they could just walk away and pocket 500mil. This is why it is often a trusted third party who holds the collateral, rather than the person or people who are lending the isk. Trust is a commodity and lenders don't always have it so a broker is frequently needed to act as middle man.
Quote: And if it is uncollaterized, the percent of return is higher? And obviously your reputation in this game is really important, isnt it?
Uncollateralised loans definitely require higher percentages for most borrowers because they are much, much riskier for the lender. If you are seeking an uncollateralised loan, be prepared to give up all sorts of data about your activities in the game so that a lender can determine if you are a reasonable bet to simply had free money to. You'll need to show, at the minimum, that you have the ability to earn enough to cover the interest payments (which typically start at 10% a month for first time uncollateralised, unknown borrowers). Also expect to be prodded and poked a bit to see how you react to a little pressure. Sensible lenders won't be interested in anyone who flips out and looks likely to kick over the table if the game isn't going their way.
There are two types of EVE player:
those who believe there are two types of EVE player and those who do not.
|
The Fukuzawa
New Eden Trade Group
24
|
Posted - 2016.11.20 17:52:00 -
[25] - Quote
! ! ! New Eden Trade Group is paying monthly interest to investors, contact me if interested ! ! !
If you already assume we are scammers without looking at what we offer objectively, go ahead and F*** off.
Thank you, that is all.
|
Natalia Petronovska
Science and Trade Institute Caldari State
5
|
Posted - 2016.11.20 22:04:07 -
[26] - Quote
Thanks for the info RAW. The third party setup was something I have been interested in too but I have seen that those who hold his position have done so for years, so it seems that trying to head in that direction would take a while to do so...maybe prove themselves as market gurus first before making the jump.
In my market, I have actually found somewhat of a niche but the going is so slow and the isk amount is low. Would it be wise to send buy orders out farther than a hub station and then go retrieve those items in a fast ship? I see that I am at the mercy of those who are selling the items that I am flipping for a profit, and while the percentage of profit is amazing, the actual isk amount is somewhat small.
My liquid isk is still at a very low stage at the moment. I have also thought of moving into another branch (ships) but it seems the market is shaky for buying and selling those. I am just worried about the lack of volume I have been seeing so far. It might be that I just don't have the capital to actually start making the bigger moves, but I am not sure how much capital I would need to do that. |
The Fukuzawa
New Eden Trade Group
24
|
Posted - 2016.11.21 01:17:16 -
[27] - Quote
Natalia Petronovska wrote:Thanks for the info RAW. The third party setup was something I have been interested in too but I have seen that those who hold his position have done so for years, so it seems that trying to head in that direction would take a while to do so...maybe prove themselves as market gurus first before making the jump.
In my market, I have actually found somewhat of a niche but the going is so slow and the isk amount is low. Would it be wise to send buy orders out farther than a hub station and then go retrieve those items in a fast ship? I see that I am at the mercy of those who are selling the items that I am flipping for a profit, and while the percentage of profit is amazing, the actual isk amount is somewhat small.
My liquid isk is still at a very low stage at the moment. I have also thought of moving into another branch (ships) but it seems the market is shaky for buying and selling those. I am just worried about the lack of volume I have been seeing so far. It might be that I just don't have the capital to actually start making the bigger moves, but I am not sure how much capital I would need to do that.
Just do the opposite of me and you will be very successful apparently bahahaha
! ! ! New Eden Trade Group is paying monthly interest to investors, contact me if interested ! ! !
If you already assume we are scammers without looking at what we offer objectively, go ahead and F*** off.
Thank you, that is all.
|
The Fukuzawa
New Eden Trade Group
24
|
Posted - 2016.11.21 02:50:04 -
[28] - Quote
Rhivre wrote:The Fukuzawa wrote:Bad Bobby wrote:The Fukuzawa wrote:I challange the clowns of Market Discussion to find some concrete evidence that anyone has been scammed by NETG, since we are obviously scammers it should not be hard hahaha I don't see a queue of people accusing you of being a scammer. I don't see much interest at all actually, beyond a few regulars poking you with sticks in the hope you'll entertain them by flipping out and spewing rage all over the forum. The issue is more that you are so obnoxious and insist on asking for terms that are far outside of your ability to secure. Most people in MD know that I'm a scammer. Can I raise money in MD at the drop of a hat? Sure I can. Because I ask nicely and offer appropriate terms. There is plenty of interest bub, If what I was asking was not within my ablility I would not be asking in the first place bobby bozo Bahahahahaha Hey honey, I missed you! So, why wont you offer collateral, when you already said that you could if you wanted to? Otherwise you are no different than any other Jita spammer wanting isk (actually, you spam more than most of them)
Hey sweetheart,
I forgot you existed until I noticed your post.
The collateral is on the market where it belongs, at this point in my isk raising career I only do collaterlized deals when I'm really hurting for isk.
Oh btw, I'm trying to figure out if I liked your previous avatar more or the current post chemotherapy/ball cap look.
Anyway, good luck in your internet spaceship video game ventures.
! ! ! New Eden Trade Group is paying monthly interest to investors, contact me if interested ! ! !
If you already assume we are scammers without looking at what we offer objectively, go ahead and F*** off.
Thank you, that is all.
|
RAW23
918
|
Posted - 2016.11.21 11:43:36 -
[29] - Quote
Natalia Petronovska wrote:Thanks for the info RAW. The third party setup was something I have been interested in too but I have seen that those who hold his position have done so for years, so it seems that trying to head in that direction would take a while to do so...maybe prove themselves as market gurus first before making the jump.
In my market, I have actually found somewhat of a niche but the going is so slow and the isk amount is low. Would it be wise to send buy orders out farther than a hub station and then go retrieve those items in a fast ship? I see that I am at the mercy of those who are selling the items that I am flipping for a profit, and while the percentage of profit is amazing, the actual isk amount is somewhat small.
My liquid isk is still at a very low stage at the moment. I have also thought of moving into another branch (ships) but it seems the market is shaky for buying and selling those. I am just worried about the lack of volume I have been seeing so far. It might be that I just don't have the capital to actually start making the bigger moves, but I am not sure how much capital I would need to do that.
If you are interested in actively trading the best advice is to go to Jita because the volumes there dwarf everywhere else. Find a dozen or so high volume items with margins around the 6-10% mark that fit your budget (basic level implants are a good place to start) and set up two or three buy orders for each so you can update your buys multiple times in each 5 minute window. Camp the hell out of those orders making sure you are at the top of the list as much as possible and recycle onto sells as soon as items come in so you are running buy and sell orders at the same time. Grind those orders for a few hours and you should start seeing you value rising pretty fast. As it goes up expand the number of orders you run or move into higher value items. Also, trade in Jita but manage your orders from an open citadel in Perimeter using a 1 jump buy order. Getting rid of the fees on the buy side of the transaction makes a big difference.
Quote: while the percentage of profit is amazing, the actual isk amount is somewhat small.
Steer clear of items like this. There are lots of things that have good margins but crap volumes or good margins but a low actual return. What you are looking for is to squeeze as much value as possible out of each slot on your list. 1000% returns each day won't do much for you on an item that is worth a few hundred isk and only sells a few thousand units daily. It's often better to go for a lower margin on a higher value item because the amount of profit, rather than the percentage of profit, is that much higher. My rule of thumb for working out the profitability of an item for high-turnover trading is to assume that if I grind for 4 hours I will capture about 5-10% of the daily trade volume in that item. Multiplying that number by the margin gives me a broad sense of the likely profits I will make from that item in a day. I then set that figure against the amount of my pool of isk I need to set aside to service a constant turnover of that item. It might be that I can work 50mil to get an expected 10mil each day. But if I have spare orders it could be better to run two other, cheaper, items that take up 25mil to service but that yield 6mil each. It's a question of balancing your number of orders, the size of your budget, and the amount of effort you have available. It won't always be better to take the two items that yield 6mil each because that only gives 2mil more each day but requires twice the effort. And if you only intend to run a fixed number of slots it would be better to find another 50mil item that yields 10mil to max out the return from each slot (assuming your budget allows).
There are two types of EVE player:
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Natalia Petronovska
Science and Trade Institute Caldari State
5
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Posted - 2016.11.21 12:41:42 -
[30] - Quote
I am actually trading in Jita. From what I have noticed that if you seem to go for things above 5-6m isk each, the margin between buy and sell is actually very small. With my order and liquid isk, I think I have gotten to around 30-35m isk so far in total. I was working in shield booster and shield extenders where the percent margin is amazing but would get maybe 60-65k isk for each one profit.
I am still working with 4.7% tax right now due to skills, and I still working small in order to get the hang of this market and its trends. I am nowhere close to understanding it now but I hope to real soon. |
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