June Update - Industry

 Similar to my trading, my play here was a little bit patchy. A strong first half of the month though. My current ISK values:

And the graph:

My current net worth is 26Bn ISK. That's an increase of 6.91Bn ISK or 203mil/day.

Another record month. As you can probably see before I went away my net worth was 26.4Bn but I seem to have lost 400mil in net worth without logging in. Maybe this is the price of assets dropping as the moves by the big blocs settle down. Not sure as I haven't actually logged in to my accounts yet.

The month started off very strong, and had I played the whole month I was on track for a 10Bn ISK month but life happens. I have moved one of my high sec characters into making t2 rigs, so now my split is 1 null and 2 high sec chars making t2 rigs, 1 highsec making mobile depots (they're just too reliably profitable) and 1 null sec char who makes random stuff from EVEGuru, and is frankly underutilised. I am training him for t2 rigs as well though.

A big thing is I have 6.2Bn in wallets to reinvest which is great, and I suspect by now a new industry park has been set up near Horde's new staging that I can look at utilising. I'm going to sort out a trade run before that though so I might not get to that today.

I met my target of 6Bn for the month, which I'm thrilled about. With a full month of play ahead of me though I think i can push myself and hit 10Bn profit this month. I might even need to start a couple of new characters to help scale. TBD.

June Update - Trading

 I was away the last week of the month, and had my sister in law over for a lot of this month so I didn't have as much time to play as usual and didn't log in at all on my trade characters for the last 2 weeks. Still a pretty good month though:

And the full breakdown:

My current net worth is 1.083Tn ISK. That's an increase of 45Bn ISK, or 1.32Bn ISK/day.

That's a big increase on last month, though not quite a record. Considering how little I played I think this is a huge improvement. With 100Bn in wallets I've got a lot I need to rebuy, my sell orders have mostly sat around 800Bn this month which is good as I inch towards 1Tn sell orders. I'm going to try and push to 900Bn in sell orders in July.

There was a small bump in my investments as hypercores inched up in price, which is nice. Still going to be a while before I can cash out but good nonetheless.

I've also bought more PLEX, up to 12,000 now. The idea behind it is to build up a bit of a stockpile that I can use on any Omega + MCT sales to do a bit of skill farming on my trade accounts. The last sale like that happened in June last year while I was on holiday, so I missed it. There hasn't ben one yet this year, and there may not be. Worst case I use the PLEX to add omega time to my industry characters towards the end of the year.

In my drive to increase sell orders I've moved into buying more blueprints. I've tried to stick to blueprints worth more than 1Bn to be worth my time, and these are mostly ship blueprints. I'll probably expand this further, and look into structure and maybe structure rig blueprints as well.

Aim for July is to break the 50Bn ISK profit mark, while upping my sell orders to 900Bn. let's see how I do.

Another move, Null this time

 So, there's been a big announcement, Horde is moving it's staging from MJ-5F9 to E8-432 in Etherium Reach. This includes all war as well as peacetime assets, so i need to move as the market is moving with it. 

I've been able to safely ignore forward stagings for war up to this point as the market has remained where it is, but no longer. This is going to involve a significant logistical effort for me, as I have assets and ships in 7M4-4C and MJ- across 4 characters, including capitals, mining ships, materials, all sorts.

Step 1 is consolidating all my stuff in MJ-, which is what I'm going to try and do with my limited time tonight. Step 2 will be the move to Etherium reach. 

I've made these sort of moves before, and this one is all through "safe" space, so should be pretty easy, but a pain all the same. What's more though is it poses a big question for my industry effort. Do I work out where the closest industry park is to E8- and set up my industry there and hope Goons don't disrupt things too badly, or do I put things on hold/ move to high sec whole sale?

This is complicated by the fact we have my sister in law over on a once in a decade trip from across the world right now, and she is on and off staying in the spare room where my PC is, so EVE access is somewhat erratic. Also, I'm going on holiday for a week next week.

I think the sensible move is to consolidate in MJ-, then jump my assets to E8- and see where things are when I come back from holiday and make a call then. It's a shame as my null revenues were starting to outpace my highsec ones but this whole war is good for the game, and I'm sure worst case I can get set up again once this calms down, provided I don't lose all my blueprints in a fire along the way.

May Update - Industry

 A very strong month this month. I forgot to take screenshots of jEveAssets on the 31st, so I'm missing the values table for this month. However I have the graph, which I'll trim the latest data points off:

My net worth is 19.09Bn ISK, that's an increase of 6.34Bn or 204.5Mil ISK/day.

Nearly a 50% increase in profits on last month, which is a great improvement! Revenues of 53Bn ISK this month mean a profit margin after fees of 11.9%. This seems to be a good sustainable margin as it's been within 1% of that for the last 3 months.

I've been moving this month towards specialisation. As Lord Maldorer puts it in Clarion Call 4 (excellent watch, I'd watch the entire series if you haven't already) "If you build a ship to do 1 specific thing in EVE, it can do that thing very well". This applies to characters and setups as well. I've noticed that most of my profits come from t2 ship rigs, large and medium. Both my null characters can build them as can 1 of my high sec characters. I fell this is an area that ticks a lot of boxes for me:

1. it is "value-dense". Both the input and output materials are low m3 and can be quite expensive, meaning logistics are easy

2. The Margins tend to be consistently pretty good

3. The total market size is pretty large, so I am unlikely to be able to flood the market and thus keep my slots busy.

Therefore I intend to work my setup to be primarily focusing on that. What this means is training up my second and third high sec characters for t2 rig production (the easy part) and getting hold of some extra blueprints to expand my range of products within this basket. I also need to work out the best way of brining in material to null on a regular enough basis as the salvage market in MJ- already struggles to meet my needs with 1 character. The final step with null will be to work out how to balance selling locally vs shipping back to Jita. Alliance Jump Freighter services are cheap but it adds a time delay to everything, which isn't ideal until/if I decide to do my own logistics.

One way around this would be to fly my high sec character to the nearest low/null sec system in a blockade runner and dock in an NPC station, hand off the cargo to my null character who carries it to MJ- in another blockade runner, and the reverse with end product. This has the advantage of me being able to do it on my own time and not wait, but the disadvantage of it taking time and therefore probably not being scaleable. TBD on this.

On the subject of Alliance Logistics, Goons declared war on Horde and invaded a fringe region. This hasn't been disruptive in any way yet but it has given the market a bit of a kick. I came back to ~4Bn in my null wallet as people fit up ships and gear up for the war, which is great for the game and for me! Remains to be seen if goons will actually push into Horde homelands or whether they will get bored before that point (I suspect the latter, despite the reddit spam) but either way a conflict between blocks can only be good for the game as a whole.

On targets for the month I smashed my 5Bn target, though I did not keep my reaction slots busy. The local reactions market has been weird recently but I'm hoping things pick up and I can start utilising this better again. 

I'd be very happy if I can maintain 6Bn profit for next month as I'll be away for the last week of the month, but we'll see how things go.

May Update - Trading

 A better month this one, even though I had my parents staying with us for most of a week towards the end of the month so I didn't get as much playtime as I otherwise might. My current position:

And the full breakdown:

My current net worth is 1.038Tn ISK. That's an increase of 31Bn ISK, or 1Bn ISK/day.

Being back at 1Bn a day is a good place to be, and it's been a while since that was true. There's very little to talk about terms of investment updates, which in some ways is nice. I've been trying to plunge as much money back into day to day region trading as I can, to get to the 1Tn in sell orders point. This screenshot was taken just after logging in after almost a week off which is why I had so much in wallets. I have now taken and reinvested this so it actually looks a bit better.

I did a little station trading in Amarr this month utilising the free trial of the EVEGuru module for station trading. In truth I only logged in to do some trading about 4 or 5 times, which underpins that that's not something I'm enjoying right now, and is reflected by the fact that I only made 500mil on that character. I won't be subscribing to that module and I think I'll probably mothball this character again. I can probably put that 20Bn to better use with my main traders. 

I did do a bit of station trading in Horde staging, almost entirely trading PLEX where I made 4Bn profit this month. I like this as it's only 1 or 2 items to watch and it's high value high liquidity, but low competition in null. I'll keep this up as it's very low input for the reward.

I smashed my target for the month of 20Bn, but I'm away for a week this month so I'm going to say the same target again for this month, if I can hit 1.06Tn I'll be pleased.

Moving away from public Raitarus

 So the public Raitaru I was researching out of in Hirtamon went low power, screwing me over for a third time in 7 months. This time all I was doing was researching ME on some blueprints in there, so all I lost is time and the job cost, but I'm not making this mistake again. The worst thing is I didn't have a character parked in there which means my assets had to go into asset safety, and I can't claim them for 5 days! This means I've lost access not only to some BPOs for that time, but all of my BPCs I was planning to invent from. 

I searched around for a nearby high sec NPC station to move to where I could do the full range of production, research, copying and invention from. There are a few, and Vellaine looked like a good option with good system cost indexes. However there are no available offices in that station so I've had to go 1 jump over to Akonoinen.

As you can see this offers the full range of activities and has a system build cost of 4.74%, which is fairly average for Caldari high sec.

All this does make me want to revisit the idea of putting up my own private raitaru somewhere to operate out of, but it still kind of feels like I'm not where I need to be to make that a profitable idea at the moment. I'll run the numbers and see if it's worthwhile.

April Update - Industry

 Another strong month for the industry side of things. My current position:

And here's the graph:

My current net worth is 12.75Bn ISK That's an increase of 4.35Bn ISK/day or 145mil/day.

That's another record. Nearly a billion more profit this month than last month. That's really good, considering I haven't added any characters, I'm just utilising the ones I have better. I had revenues of 39Bn ISK, an extra 10.2Bn ISK more than last month, which means my profit margin has been 11.1%, very similar to last month at 11.8%. If I can keep this margin and expand my revenues then I'll be very pleased.

The main thing I've tried to change this month is to start looking for processes that can scale. Mostly the form that has taken has been to look for things I build regularly and try to get the input materials from buy orders rather than sell orders to increase the profits per run. The issues with this are that you have to have isk to tie up for a few days while those orders fill, and also you are exposed toa changing market.

An example of this is I started getting input materials for Mobile Depots from buy orders, which improved my margins per depot but then the price of Zydrine spiked and now depots are unprofitable, at least if you buy from sell orders. 

Buying from sell orders to sell to sell orders is the most common way to assess an items profitability because that demonstrates the value you are adding purely from the manufacturing process. Any extra profit you can get from buying input materials cheaply or selling in an obscure market or whatever are bonuses. If you have to do those things to make a profit but the item itself is unprofitable you'd be better off finding something else that is inherently profitable to build instead.

As a result I've completely stopped building depots, and taken more of a look at the rigs I build regularly. I build a lot of Trimark Armor Pump IIs (in null) and medium/large Capacitor Control Circuits in both high and null. This is good to identify because it means I can spend a few hundred mill getting materials for those rigs, and some materials are used for both those types, and know that I can use them profitably in the short to medium term.

This feels a step or two away from batching, which is where you have defined batches of products you make and you know in advance when you will start and fulfil those batches, and you might have a schedule for what you make. I believe most large scale industrialists like SirSmashALot operate in this fashion. I don't think I quite have the capital to operate in this way yet, but it's something I want to work towards over the next few months.

Target for this month is to up my profits to 5Bn for the month, and try and utilise 20 reaction slots near 100% of the time. This will involve balancing the input reactions with the composites but should be achievable on a small scale.