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Kaylee Kaitlen
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Posted - 2007.01.30 21:51:00 -
[1]
After struggling through a variety of frigate configs, I finally settled on a Catalyst (as recommended by Mog in another post -- much thanks!). I now find that 150mm Iridium-loaded railguns blow away just about everything in level 1s, and they rarely get close enough for more than the occasional shield hit. Coupled with salvaging, I'm pulling down much more cash than I ever did in my frigate.
Now I know $10+ million is not a lot of money for experienced players, but for a newbie in a destroyer, it seems like a lot to have laying around not doing anything! I still have about another week before I get my skills trained up enough to adequately pilot a cruiser (looking at a Thorax), so I'm wondering if there's anything I can do to make my money "work for me" instead of just sitting there. I didn't see any real advantage to buying another (non-cruiser) ship and I can't think of anything else to do with it. Is there any sort of stock market or something that you can invest in to make your money work for you? Buying new skills will just make it that much longer to get a cruiser, but maybe that's not so much of a bad thing?
Or am I worrying about nothing and should just be happy to have my 10 million? |
Berand
Ation Applied Technologies
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Posted - 2007.01.30 21:54:00 -
[2]
No real stock market, although some corporations and alliances sell shares and pay dividends... they're rare though, and you have to make sure they're reputable before you give them your cash.
The best thing would probably be to learn the art of trading. Buying low, selling high, knowing where things need to be and when. There are also a lot of skills you can train up to help with trading... it's virtually a special path in Eve all on its own.
For the most part you should just be happy to have 10 mil sitting around. :) It'll be gone quickly enough!
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Berand
Veteran, ASCN vs BoB
CEO - Ation Applied Technologies
Now Recruiting!
Players of all skill levels are
welcome to apply - read my bio.
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Fuhshizzle
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Posted - 2007.01.30 21:59:00 -
[3]
As said above look into trading. After taking a break of several years, Ive got back into the game knowing a little about trading from before. I found trade routes that were 'inter-system' meaning routes that didn't require jumps. They required as much as all my isk, but at 300-400k a run, I quickly made some decent 'noob' spending money. I did this because the first corp I was in, was located in a .3 system.
Of course, you'll need to be able to fly an indy to do this. I created an amarr alt, that with correct attributes, was flying a bestower in 40 short minutes. No way you could do that at release.
Also yeah, get into a player corp that will give a 'gift' of some isk to get all those skills you need at the beginning.
ENJOY the game! 
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Billy Sastard
Amarr
Zephyr Enterprises Inc.
Astral Wolves
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Posted - 2007.01.30 22:35:00 -
[4]
Use that $10M to buy the advance learning skillbooks for Int and Mem! That will leave you 1m left over. Work up another 9m and buy the Per and Wil books. Train them to 4. While training save all your isk from the missions you are running in the only ship you can currently fly well (since you are training learning skills right?) so that you can buy some implants. Buy implants and put them in. BAM now you can train skills faster than a noob.
Wow thats pretty incoherent isnt it. Oh well.
-=^=-
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Asinia Au
Amarr
Order of the Blessed Sisters of Amarr
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Posted - 2007.01.30 22:50:00 -
[5]
Have I got an investment opportunity for you!
In a far off system called Brooklyn there is a building project for a bridg...I mean POS that needs investors, and it just so happens that there is a 10 million ISK buyin.
The corp behind this scem...I mean plan is guaranteeing a 200 million ISK payout after only 1 week.
If that is agreeable I would be glad to act as intermediary on your behalf.
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Farrellus Cameron
Sturmgrenadier Inc
R i s e
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Posted - 2007.01.30 23:34:00 -
[6]
There's no real way to make your isk "work for you." There have been many scams that have capitalized off of player's desire to somehow invest their isk. There was a corporation called the Eve Intergalactic Bank that had its own website and pretended to be a real bank with real interest. However, it was just a Ponzi scheme (look it up if you don't know what that is) and the guy made off with 750 billion isk. There is an alliance that was building outposts in 0.0 called Interstellar Starbase Syndicate that sold shares in the individual outposts and paid dividends. However, they were attacked recently and lost a bunch of their outposts, completely erasing those people's investment.
That being said, eventually you will realize that 10 million isk is nothing and you will find yourself sitting on 100 million or 1 billion and there will still be nothing to do with it.
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Babel Matrix
Gallente
Zitek Nation
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Posted - 2007.01.30 23:51:00 -
[7]
Honestly, 10 million will be eaten up pretty quickly. If you're bored of doing level 1 missions while you wait, consider getting your industrial, (or whatever ship has the most cargo space,) and buying minerals/supplies/whatever cheap and selling them in another region at a higher buying price. To make things even better, you can make "buy orders" from the Market windows to buy, en masse, a particular mineral or supply at a dirt-cheap price, (plenty of people sell their stuff without looking at the price, and region-wide sales will benefit from this behavior throughout the stars.)
Alternatively, you could put a competitive buying price to beat out your competitors while still maintaining a profit by selling high.
Further alternatively, you could look for cheap BPCs on Contracts, buy them, buy whatever minerals you'd rather not mine, and mine the rest. Using these resources, build the ships/guns/ammo/whatever and sell those on the market for profit.
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AvatarADV
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Posted - 2007.01.31 07:47:00 -
[8]
Keep it handy.
There's a lot of ways to lose a ship in EVE. If your ship is half your current assets, it hurts a -lot-. If it's something you can buy out of petty cash, not so much of a big deal.
Others have already posted a few things you can spend it on. Personally, I'd wait until I had a much bigger pile before going on a shopping spree. I've been playing for less than a month, and my cash high was 92 million isk (on Monday... then I bought a +3 implant and a Brutix, heh heh heh.) By the time I could use a destroyer, I didn't care if I lost it. By the time I could use a cruiser, I didn't care if I lost it. I... would probably prefer not to lose the Brutix, but what the heck, it's insured; I'm out less than 10 million isk if it goes down.
So keep piling on the money. The level of aggravation is much lower when you can honestly afford to kiss off everything you're flying, when you can buy ammo for 20% over market to avoid having to spend twenty minutes picking it up, when you can grab whatever skill you need next without worrying about the price tag.
And yeah, the Cat is great. Still have mine, thinking about stripping the arms and turning it into a pure salvage hoover...
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Vasiliyan
PAX Interstellar Services
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Posted - 2007.01.31 10:55:00 -
[9]
Try placing buy orders for +1 implants in your mission running system at a price higher than other buy orders, then put them up on sell orders lower than other orders.
Always keep enough money on hand to replace your moneymaking ship.
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Khalm
Amarr
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Posted - 2007.01.31 12:45:00 -
[10]
I would recomend buying a SPARE SHIP. Then do something else with your spare money.
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Khalm's lazorz say pew pew |
mjolnir feaw
Gallente
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Posted - 2007.01.31 14:25:00 -
[11]
Also you can buy another ship, fit it and go hunt in low/no sec space. You'll end up facing a pvper and losing the ship but it can be quite fun, and after all, you don't care that much about losing a few nickel and dimes.
-----
" There's no brave in a 5-to-1 fight. Just 5 cowards and a fool.
- Perhaps. But it worked didn't it?" |
Cambarus
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Posted - 2007.01.31 15:11:00 -
[12]
I'd say hold on to that money, as buying+fitting a cruiser will most likely cost you near (if not over) 10mil. By then you'll want to have at least double that (as it's important to only fly ships you're able to replace). Once you REALLY have money to spare, I'd suggest playing around in different frigates (I myself can fly all frigates and destroyers, and still do on some occasions just for fun). Just for the heck of it I bought myself a coercer with 8 lasers (takes like 10 minutes to train the skill if you have decent stats)and I ran lvl 1 missions in it purely to get some screenies of the different coloured lasers going off (pewpew ftw :P ) as well as an executionner fitted to permanently run a MWD, which I used to get within 0m of the sun of jita  Point is, if you want a cruiser, make sure you can easily replace it. If you can,then go out and have fun with your money!
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Ocono
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Posted - 2007.01.31 16:19:00 -
[13]
 Originally by: Vasiliyan
Try placing buy orders for +1 implants in your mission running system at a price higher than other buy orders, then put them up on sell orders lower than other orders.
I don't understand this, are you saying to "Buy high, sell low"?
Why on earth would anyone want to do that?
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Gadfly Hawke
G-Tek
Confederation of Independent Corporations
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Posted - 2007.01.31 16:34:00 -
[14]
As you move along in EVE, you will soon discover that 10 mil is pocket change. Just press on in whatever plan you have and don't worry about it. It will soon be either 5 mil or 15 mil.
G-Tek is recruiting |
Simon Jax
Gallente
Freelancing Corp
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Posted - 2007.01.31 16:46:00 -
[15]
Originally by: Ocono
Originally by: Vasiliyan
Try placing buy orders for +1 implants in your mission running system at a price higher than other buy orders, then put them up on sell orders lower than other orders.
I don't understand this, are you saying to "Buy high, sell low"?
Why on earth would anyone want to do that?
heh, that's not quite what he's saying. The difference lies in the distinction between Buy Orders and Sell Orders.
If i want to buy a +1 implant and I look at the market I see two 'panels', the top are sell orders and the bottom are buy orders. I might see someone selling +1 implants for 2 million isk. In the bottom panel there might be someone buying implants for 1 million isk.
There is your "buy low, sell high". That might be the same person who has set two orders. The buy order to acquire the implants from players who don't want to create a sell order and just take the money offered when clicking "sell item" without using the "advanced" tab. The sell order, from the same person, is for previously purchased implants, that he hopes will sell for 2mil.
What the other poster suggested is to "outbuy" someone elses buy order, and "undersell" the other sell orders. So they would set a buy order for 1.1 mil (more than the previous highest of 1mil) and then create a sell order for 1.9 mil (less than the other sell order).
The original person was making 1mil per implant bought/sold in this manner. By outbuying and underselling that person, you might only be making 800k per implant, but those transactions go to you and not the other guy. i.e. - market PvP
--Wherever you go, there you are. |
Simon Jax
Gallente
Freelancing Corp
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Posted - 2007.01.31 16:51:00 -
[16]
As for advice, buy skill books, lots of them. They can be pretty expensive, so while you have the change, look to what you plan on training in the next month and see how many of the skillbooks you can buy.
Alternatively, look to your next ship. You said the Thorax. So save up enough isk to buy, insure and fit two of 'em. You don't need to actually buy two, but it will let you go out and immediately replace the ship should things go awry.
Being able to replace a lost ship is one thing that will help you get the most out of your travels about EVE. Losing ships is a part of EVE; being able to hop back in the saddle after someone shoots your horse will keep you much happier. It sucks when you drop to 1 mil isk and have to farm level 1's after losing a ship in a level 2 because you can't afford to fully replace your lost ship.
--Wherever you go, there you are. |
Tunajuice
Convergent
Firmus Ixion
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Posted - 2007.01.31 21:27:00 -
[17]
I'd say the point of having too much cash laying around that should be put to work in the region of 1 billion ISK.. enough to buy or almost buy a major tech1 bpo...
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Tunajuice
Convergent
Firmus Ixion
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Posted - 2007.01.31 21:27:00 -
[18]
I'd say the point of having too much cash laying around that should be put to work in the region of 1 billion ISK.. enough to buy or almost buy a major tech1 bpo...
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EffBee Primus
Caldari
DCS Ltd
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Posted - 2007.02.02 00:31:00 -
[19]
I would say make sure you have a couple of spare ships capable of mining well tucked safely away in a space station somewhere. Perhaps take a time out for a week or two to get mining skills up to a decent level. Then when disaster strikes and your wonderful primary ship becomes a charred burning mass you can at least rebuild your position even if it takes a a little time. Embarrassing is financially broke and no ships!
Proud to be a CareBear |
Kaylee Kaitlen
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Posted - 2007.02.02 00:52:00 -
[20]
Thanks, everyone. I ended up purchasing about 5 mil worth of skills and then lent (gave) my buddy 4 million (he rushed to a cruiser before doing Worlds Collide and needed to buy a destroyer to do it).
I also like Effbee's idea of keeping some mining in reserve -- I'm already sick of level 1's and I'd hate to have to go back to them.
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