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Fury Banker
Fury Bank
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Posted - 2007.08.09 17:09:00 -
[1]
Edited by: Fury Banker on 09/08/2007 17:13:05
What puzzles me is this:
You claim you understand the Eve economy - and gave a list of some of the important factors (though totally missing out one of the main ones).
If so, and you've been playing for 6 weeks, why haven't you made a billion profit yourself yet? I'm no economics student - but I'd made a billion before I'd been playing for 6 weeks, a lot of it from pretty casual trading (putting up buy orders for specific named items, then once a day maintaining my orders, every few days collecting the loot on afk autopilot and putting it up for sale at 100%-300% markup).
Within a week I was making 20-30 million profit per day just from that - for very little time investment.
The only capital i started with was 6 million ISK.
Wouldn't your thesis be better if you started with (next to) nothing - then you could also comment on how the % of profitability dropped as the amount of capital in use increased?
Your comment on how 6% per week isn't feasible on above 5 billion is also flawed - on at least two counts:
1. It's perfectly possible. I've been making more than 6% gross profits per week with Fury Holdings consistently on 15 billion+.
2. If you're not paying out your shareholders weekly then surely your capital is going to grow over 5 billion ISK - at which stage are you saying you won't be able to achieve your own target profitability? You do realise that you'd be holding over 19 billion ISK at the start of the 23rd week? So how would you be making 6% profit on that - given you've said it's not achievable on more than 5 billion?
EDIT: edited to fiz "million" where I should have typed "billion".
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Fury Banker
Fury Bank
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Posted - 2007.08.09 17:11:00 -
[2]
 Originally by: Catherine Altair
if you dont want to then i cant see why your posting since if your making 6% a day then your obviously not interested in my investment offering
He would be posting because this is a market discussions forum - not the sell orders forum. If all you wanted was sales then you posted in the wrong place.
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Fury Banker
Fury Bank
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Posted - 2007.08.09 17:41:00 -
[3]
So how much have you made from Trading so far?
Are you planning to use your own ISK in the fund as well? Or is using other people's ISK to trade rather than your own required in some way for this to be valid?
Are you planning to buy and sell at the same station? If not, how are you planning to move your goods from purchase to sell location? You ARE aware of high-sec suicide ganking (though not on freighters any more)? Your OP gave the impression you were going to be hauling things around yourself - unless you're in some quiet back-water (in which case turning over 10 billion+ of stock in a week is pretty unlikely) you're going to either be making a LOT of hauling trips or get suicide ganked a few times.
Note: I DON'T think that you're trying to scam. I don't however, think you understand the logistics of dealing with trading on a largish scale.
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Fury Banker
Fury Bank
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Posted - 2007.08.10 15:44:00 -
[4]
Originally by: Ricdic
5) Your percieved profit. Frankly, saying one can comfortably get a 24% return per month I find alarming. Due to the fact that if you truly could, you could turn 200m into a few bills anyway. Plus, the next highest paying corporation below you would be down at the 11% mark.
I agree with the first part of this statement - either the OP CAN make 24% per month on 19 billion capital (in which case they should already have made their first billion) or the OP is amking numbers up with no experience.
The last part is, however, incorrect. Remember that the OP is talking about total profit - not some net profit value after management fees. Fury Holdings is making a LOT more than 11% per month - even after half prfotis are taken for management fees, the shareholders have gained a 50% return in under 3 months. Gross profits are around 30% per month on around 20 billion invested capital (calculating capital in use is rather tricky now Fury Bank exists). Other than the first week of operations (which was actually only half a week of operations) Fury Holdings has never made less than 6% profit in its 12 weeks of existence.
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