| Pages: [1] :: one page |
|
|
| Author |
Thread Statistics | Show CCP posts - 0 post(s) |
Corpia Sin
   |
Posted - 2009.03.19 17:23:00 -
[1]
So I am only a 2.5 months old but I have done quite well for myself in that time. My established trade investments are 1-200% return almost weekly to every 10 days.
But anyways, I have a good friend who I play with and he wants to invest 100 million into my trade business and allow it to turnover each week for one month.
I work in multiple regions and currently have 1.2 billion invested in T2 mod market and mineral market.
My question is how do I keep track of his 100 million isk in my complicated trade business? I am confident I could easily turn over his investment quickly but I imagine it could quickly become lost in the shuffle. I guess I could take his money and give it to an alt and have him manage it (alt put up separate buy/sell orders just with that 100mill). But it would be easier to just do it all on one character. Also, I guess I could just pick one item at random, one of the many items that I buy and designate this as his investment. But I still feel that isn't the best approach either. Because if that item doesn't do well it doesn't necessarily ruin my overall % return.
Each week I do roughly calculate my overall return. If I invested 600million into the market and after the inventory sells I make 500mill basically its a 80-90% return. Therefore my friend would have earned that % as well minus my take. He would earn 80-90million.
I am not good with making spreadsheets. And up till now have done most the math using notepad. But lately I need the use of multiple offline managers, EveMeep, EveWallet, Eve-Central and Eve-Commander.
So basically, as my trade business grows I notice how difficult it is to manage everything. Any suggestions on how to track his investment?
|
Kazuo Ishiguro
House of Marbles
Zzz
|
Posted - 2009.03.19 18:27:00 -
[2]
It's simplest for all concerned if you just offer to pay him a fixed amount per month as long as you hold his isk. If he prefers compound interest, again at a fixed rate, you just need to keep records.
---
20:1 mineral compression
ISRC Racing, Season 7 - schedule |
Falkrich Swifthand
Caldari
eNinjas Incorporated
|
Posted - 2009.03.19 18:40:00 -
[3]
The alternative is to pay him based on your total investment and profits.
You end up 10% up in a month overall, he gains 10% on his investment.
nullnull
My sig is not my sig. |
Maestro Del'Tirith
Del'Tirith Holdings
|
Posted - 2009.03.19 18:54:00 -
[4]
Or make/join a corp where you can have the appropriate access and use the corp wallet and corp orders for all his buys and sells...have to keep remembering to click that corp check box. Just do your orders with your wallet and his with the corp wallet...you could even have him in the corp with wallet access and whatnot to watch how you are using his money.
|
Potsnack
|
Posted - 2009.03.19 19:14:00 -
[5]
Yeah - all good advice above when dealing with friends (only).
If you start getting lots of friends investing the only way really without taking up too much of your time is to set up a corp and utilise wallets, shares and dividends.
As it stands though I say don't tie yourself up in knots over it. Time is ISK, and he's a friend, so he shouldn't be expecting spreadhsheets justifying his returns. At the end of the day you're working his ISK for him. Take a quick mental snapshot of your "worth" at the start and another at the end, and pay him out best guess percentage. Don't waste too much time - you could be using that time to make more isk.
I've done this hundreds of times over the last few years and I've never had a single complaint with my returns.
One tip - scoop 10% of his return percentage and put it somewhere safe (Emergency fund). Do this for all friendly investments. One day, things may go wrong for you and your friends ISK - dip into emergency fund to save blushes and friendships :-)
|
Corpia Sin
|
Posted - 2009.03.19 20:30:00 -
[6]
All excellent replies thanks so much. I am attracted to the creating a corp idea and use the corp wallet. Seems there are many advantages there. I never once thought about creating a corp. I may need to look into this.
|
|
|
| |
|
| Pages: [1] :: one page |
| First page | Previous page | Next page | Last page |