October Update - Industry

My second Industry Update. I've done a bit of scaling here, and started out in Null. Enjoying it so far even though there is a lot that I need to learn! My current totals:

And here is my jEveAssets graph:

My current net worth is 854.6 Million ISK. That is an increase of 630.8 Mil, or 20.3Mil ISK/day. That's OK but slightly disappointing if I'm honest. I had really hoped to break the Billion, and 20 mil/day across what is now 3 characters is not amazing, though it has started spiking  recently as the graph shows. I was also away for 4 days towards the end of the month. I suspect if I had been here for those I would have broken the Billion mark, so maybe not as bad as I think.

I have made several advancements this month though. First I created a new account and moved a character to null. The way things are done is definitely different in null. I have to do my industry 3 jumps away from Horde's main staging to take advantage of the Sotiyo for manufacturing and other structures for research/reactions, so I'm currently hauling in a Tayra. This isn't ideal, but it's working at the moment. There are alliance hauling services which I've primarily used to move things to or from Jita but they also do moves within null. I don't really feel I'm at the place where I want to utilise that yet though. My hauls are too small to warrant it. Also the hauling takes a day or so to go to/from Jita, which is slow enough. I'm not at the scale yet where I can wait that long for every job.

Secondly I have made another highsec character to get more job slots, and created a corp to share funds etc. I still need to work out how best to store Blueprints for corp use and pool the outcomes so I don't have to make item exchange contracts to get the stuff to/from my Jita seller. Very much a work in progress here but vital to get right if I'm going to scale this at all.

Early on with T1 manufacturing I have noticed a pattern emerging though. A gap of high profitability opens on an item, it can be ridden to fast profits for a while, then people realise and flood the market and the profitability drops off again. First month it was Cap Boosters that I got a lot out of, this month it was Mobile Depots. For almost the entire month I was able to build them for 1.6mil each from an unresearched BPO, 1.5mil researched, and sell them for 1.9mil. They would also fly off the shelves. I could put up 100 and within an hour they would all be gone. This was great and I scaled this to at one point 12 production lines, but the price has dropped to about 1.75mil. Still profitable with researched BPOs but not worth going crazy about. I've started exploring rigs as an alternative but I think this is going to be the nature of the beast with production.

So, how am I doing versus my overall targets?

• Invent a t2 item
• sell a blueprint copy
• sell a researched blueprint original - Success!
• Build my own Upwell structure
• Complete some reactions - I've completed 1, I still need to research this as I haven't even sold the result of my first one yet.
• Build a capital
• Build a Super
• Build a Titan
• Earn 1 Trillion

I wasn't expecting to do much more than this this month, but nice to get something ticked off early.

Last month's targets:

• Reach 1 Billion - Failed, but close
• start up an extra account - done
• Move a character to Null - done
• Build something in Null - done
• Add an extra high sec character - done

Pretty good versus my targets actually

Targets for next month:

• Earn 1 Billion
• Build a T2 rig
• Invent a T2 item
• Do more reactions

As you can see, this month targets revolve around getting into tech 2 to work that out. I keep hearing this is where the money is, so let's find out!

October Update - Trading

 Another interesting month for a couple of reasons, though I maintain it has been a good one. My current position:

My current net worth is 982.7Bn ISK, an increase of 31.5Bn ISK, or 1.01Bn ISK/day. 

This is at least positive, but well below where I was, so why do I think this was a good month? 2 main reasons. 1, I started a new industry account, paying 20.2Bn for 1 years PLEX. I have now spent a total of 39.3Bn ISK starting up industry accounts. If I hadn't done this then my monthly profits would be 51.5Bn ISK, which is actually pretty good. 

The second reason is, against all odds the price of HyperCores have come down this month. I am honestly baffled by this one. The 2 for 1 sale ended, and PLEX has been spiking, so the true price for a HyperCore should be about 580,000ISK now, but it's going for 292,000 at the time of writing. I know a lot more people bought a lot more this time, so the stores people have are huge and some people will gladly cash out for a couple of % profit but the fact it's dropped by 5,000 in a month is insane. If it had just held level I'd be 3Bn ISK better off.

On the flip side of this I have cashed out several of my investments for a profits, Logic circuits in particular have done well for me, so it's not all bad. Considering I have hardly touched any characters other than my big 4 sellers (Amarr, Dodixie, Rens and Hek) and my null trader a bit, I'd call this a successful month.

I'm enjoying my Industry and the minute, so I think I'm going to continue to focus on these characters primarily and consolidate my trading to keep the required time down to a minimum. If I can continue to maintain 50Bn a month for this level of effort I'll be pretty happy as it allows me plenty of time for other things.

So looking at last months plans:

• Hit 1 Trillion - Nope, though I would be if I didn't start another account. Will do definitely this month.
• Increase the amount invested in my BAU trading rather than investments. - Sort of, I still have 246Bn in investments, but my money for BAU trading has increased a little. I think this'll be an ongoing thing really.

Targets for this month:

• Hit 1 Trillion. Again.
• Increase the amount invested in my BAU trading rather than investments.
• Move the majority of my stock from Tash-Murkon to Amarr to liquidate and repurpose this character. Tash-Murkon frequently has expiries, and it's just not working out. I need a wholesale rethink here.

Similar to last month overall, but a rhythm I'm mostly happy with given the time investment involved.