November Update - Industry

 This month was a record breaker, a lot has happened. I'll give the numbers then go into the detail:

And the graph:

My current net worth is 49.6Bn ISK. That's an increase of 11.8Bn ISK, or 393mil/day.

That's massive, and a new record by some margin (previous being about 7Bn), so what happened?

The main thing is that the market changed. When Horde collapsed, the price of salvage started to climb pretty dramatically. Logic Circuits in particular are worth double what they were a month ago and they're used in most of the rigs I build. I already built Medium CCC II rigs regularly, as even when the margins aren't great they still sell incredibly well and reliably, they're very like Mobile Depots in that sense, only higher value and easily transportable in a Crane. Those rigs in particular jumped from selling around 6.5mil each to 15mil each! I threw everything I had into producing them, and you can really see this take off in terms of revenue and profit.

Additionally, I had 2 characters that were null sec based and 2 that were training, so 5 characters building in high sec at the start of the month. I have since moved the null characters to high (selling what I had to my null trader to remove that liability) and brought the 2 trainers online, meaning 9 characters pumping items out in high sec.

Not all these are making CCC rigs, I also mix up with some large versions and some shield rigs as well, to insulate me against market movements. These have also done very well. My CEO character also builds things like mercenary dens and auto-integrity response drones, smart bombs etc. and I have a character doing nothing but building Cranes (I want to train a few more characters into T2 ships as I think they could be a long term way of doing things and keeping my slots busy easier, but I digress) and 1 character faithfully pumping out mobile depots.

Having all of these characters operating out of 1 corp office in a NPC station 4 jumps from Jita has meant that my way of playing actually scales really well. The extra characters just add a few clicks to set off the jobs. All the product collection, transporting and selling is done on my CEO character, so no additional work there. This also means that when I want to add extra characters I can do so in the same place and it shouldn't affect my workload much, which is fantastic for someone time poor such as myself. I have stale characters from my trade venture that I might "recruit" for exactly this purpose but I want to see how salvage/rigs level out first before throwing more characters onto the pile.

Another aspect of all this is my sell orders have dropped dramatically as prices have risen pretty much across the board of what I sell, so a bunch of older orders have sold leading to the massive spike in wallet balance you can see in dark blue on the graph. I have 21Bn ISK in cash while sell orders have dropped to 10Bn for the first time since June. This is great, but that big pile of cash isn't actually making me any money right now, which is bad. 

What it does enable me to do is to try and procure pretty much all of my input materials from buy orders, as having the ISK tied up is not an issue any more. This pushes my profit per item up which is great, though I don't currently always manage to fully stock up before I build so I am buying from sell orders as well. I will have to look at building a "stockpile" sheet to make sure I have enough input materials in stock at any given time and manage buy orders appropriately. EVEGuru has it on their road map but as it's not there currently I may have to build it myself in a spreadsheet. We'll see if my laziness or impatience wins first on that one.

The low sec experiment is on hold for now, I'm doing so well with my current setup that I'm going to ride this gravy train for a bit, and maybe look at low sec again when I start to look at bigger projects like jump freighters or Black Ops battleships. 

Here's hoping for an even better month in December!

November Update - Trading

 Not a bad month this one, though I was hoping for slightly better. The upheaval of Hordes collapse has hit my potential profits, as has hypercores falling back slightly right at the end of the month. My current position:

And the full breakdown:

My net worth is 1.189Tn ISK. That's an increase of 36Bn ISK, or 1.2Bn ISK/day.

All things considered not bad, but as you can see from the breakdown I have 65Bn worth of stuff sat in asset safety, waiting for me to claim it and move it to a trade hub for sale. I haven't full decided where to take it but I'm thinking Dodixie as a good middle ground of price versus volume. I could have taken it out on the 28th, but I didn't head down there yet as I imagine the station and system will be camped heavily as lots of players in the same situation look to get their stuff out. I'll try in a couple of weeks probably once the heat has died down.

Hypercores have levelled out in the high 380s, so I've switched to using the sell value for them. Given how PLEX has fallen to 4.7mil on the buy side though they are not that far from PLEX parity. I think I'll start selling them off soon, particularly as PLEX doesn't seem to be reversing trends any time soon.

Aside from this there isn't a great deal to talk about. My trading is very much in maintenance mode while I focus on scaling my industry operation out (there has been a lot of change and expansion there) but my trading is doing its job of taking me a couple of hours a week to update the 4 hubs, do 1 trade run each, and pay for PLEX for all 7 of my accounts. 

On that, I may even start moving characters that I no longer trade with from this venture to my other one, for no additionaly PLEX cost. Would be a cheap and easy way to expand my operations without opening more accounts. We'll see.