Originally by: Tobin Shalim

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and so the rich get richer, while the rest of us that want to try to play the market gets screwed and locked out of any hope whatsoever. not fair to us newer players :( we don't have billions upon billions of isk to just throw at whatever IPO/bond comes out to buy it out. heck, 10 million for me to have attempted to invest into this venture (my first aside from EBANK and that only because they have an unlimited number of signups) is a significant chunk of change for me.

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Originally by: Tobin Shalim

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unfortunately though, i have yet to see any kind of return on that whatsoever.

probably owing to the fact that i'm new and don't have any inside trading tips, experience, whathaveyou. i HAVE been reading the market forums and trying some basic stuff (buying a particular item at a low price and then reselling for a higher one) however, just not seeing any kind of massive return that you proclaim.

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Originally by: Myrdyr

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LOL, Benvie just dropped 3.5bil of other people's isk on an 11mil SP character.
http://oldforums.eveonline.com/?a=topic&threadID=681128

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Originally by: Benvie

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Actually that's my ISK. I'll use the 10b from the bond to populate trade orders on that character as well as this one. The sale of the account is actually why I released this bond now. I had been planning it, but would have waited another week or two to actually do it had that account not come along. Been waiting for a decent trader account for months.

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Originally by: Benvie

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I didn't mention it in the original post, but I did mention it on the first page. I didn't want to get specific because I didn't want more competition. I went for the buyout because I really didn't want to see anyone else grab the account, it's exactly what I've been looking for.

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Originally by: Myrdyr

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The LOL here is in the numbers, not the act.

Standings are worth more than Accounting V or Broker Relations V, and you paid 3.5B for 8mil of relevant SP.

I understand a small premium could be paid for the opportunity cost of not having to train up another trade alt, but wow.

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Originally by: Myrdyr

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Originally by: Trilori

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The seller says there's not much to the standings worth mentioning so whats your point?

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Could you please let the big kids talk?

Originally by: Benvie

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It would take me about 60 days to get an alt to the skill level I need, just for the trading skills (I have the skill plan set up in EveMon right now). I can make 100-300m a day profit with the skills that character has. With that level of profit I don't really care. It'll be paid off in a couple weeks. Better than waiting two months to train the alt.

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I'm pretty sure you can make more with 3.6billion isk and a brand new trade alt with the 40-50 slots you can start off with. I was curious how you'd present your argument for opportunity cost and quite frankly I'm disappointed.

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Originally by: Myrdyr

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Edited by: Myrdyr on 14/01/2008 23:16:25
What do you want me to do when you can't understand the basic facts? You're [Trilori] being dumb.

Character was for sale. Benvie paid an IMO unwarranted premium and I was curious to get his stance on it. If the character had 6-7 standings with Caldari Navy I'd personally value it at the 2bil he bid initially, but for 3+ bil I'd expect some pretty serious faction standings. If you don't know what standings are good for, for a trade alt, well...try to figure it out. Shadarle has some good posts on the subject.

Trade alts are harder to find than freighter alts, though, so while I understand his willingness to pay what he did, it initially was a pretty wasteful expenditure of what looked like public funds.

But that's why people post questions or bring facts to light -- to get clarification on a subject and promote discourse.

GL in your bond venture Benvie.

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Originally by: Ulstan

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200 mil ISK sent. I messed up with the keyboard so it's getting sent in two chunks.

Quote:

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Benvie paid an IMO unwarranted premium

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This reminds me of the complaints of people selling items for 'too little'.

I think folks are entitled to decide what their own time is worth.

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Originally by: Kyrial Tidolfas

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Originally by: SonOfAGhost

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Originally by: Kyrial Tidolfas

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i am not sure if benvie would allow me to do this. but i would like to sell my reservation for 500m for 10% of that i.e. 50m.

if this is not allowed then i will follow send the iskies later.

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10% premium for an 8%/month bond that he hopes to pay off in as little as 2 months, leaving anyone that would pay that for your reservation with perhaps only 3%/month? Please name and shame anyone that takes you up on that

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because benvie wouldnt let me sell my reservation if you want to get in you can ofcourse buy it off me right after.

10% is guaranteed profit after 2 month's which is the least time as said by benvie. it is a good deal.

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Originally by: Kyrial Tidolfas

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Originally by: Kaisho Stormrider

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If by any chance some of the reservations fall through , I would be interested in 500m's worth.

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i am willing to sell you 500m worth of shares at 550m

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Originally by: Shadarle

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Originally by: Trilori

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I don't know why he wants to make a pure 50M profit? There is no need to.

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What is wrong with you? You don't know why he wants to make a profit? Seriously?

Stop telling other people what to do. If someone is stupid enough to buy shares at 10% over price from him that is their business.

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