April Update - Industry

 A belated update on industry. And another fairly flat month:

My net worth is 59.5Bn, that's an increase of 600mil, or 20mil ISK/day.

Well, it's not negative, but it's not really positive either. So what gives? Have I just forgotten how to make money with industry?

Not exactly. My usual medium rigs have been continuing their slow downward trend which makes profiting off them very difficult. I've been constantly chasing prices down just to get revenue. But I have been making money with them. The bigger thing has been starting a lowsec industry set up.

I've spent time and money getting a set of blueprints and reaction formulae to Auner in Minmatar lowsec, and working out the logistics and contract mechanisms. That all went fine, but I also found I had to spend hundreds of millions on skills that I was lacking across a couple of characters, which eats into my profits. 

Also, building ships is slow. These first few runs have really been test runs to get the mechanisms setup, make sure my blueprints are in the right place, materials in the right stations, that sort of thing. This aspect has been a success, but actually selling the finished product has been a challenge.

Sabres have fallen in price, when I started my build run they had a 22% profit margin, but they have fallen to a 52 week low price where the margin is just 2%...I spend more than that on shipping alone!

T2 transports haven't been much better either. Though I'm just getting started with those. TBH I'm not thrilled with the outcome so far, but there's a lot to work out. Onwards!

April Update - Trading

 A better month this one, though not necessarily for the reasons you might expect. Here are the numbers:

And here's the full numbers:

My current net worth is 1.227Tn ISK, that's an increase of 55Bn ISK, or 1.83Bn ISK/day.

That's a massive jump, close to a record I think. So why the big increase?

Well, there's one reason, and it's not to do with my regional trading. As pointed out in an earlier post CCP (now Fenris Creations, or FC I guess) made a return to FOMO sales in a big way. The headlines were 3 for 1 HyperCores and 3 for 2 Skill Extractors. Both are huge, but the hypercores are unprecedented.

As such I liquidated everything I could and dumped as much as possible into both of those items, with a heavy emphasis on Skill Extractors as those tend to recover in price faster. The sale has now ended and the price of both commodities jumped a lot more than I was expecting to be honest, currently up 44% and 21% respectively.

The more I think about how to scale wealth into the trillions the more I think this is the best way to do it. The market cap for PLEX adjacent items is massive, far far bigger than any in game items. This will allow me to keep putting more and more money into it and get a similar percentage return regardless as I am unable to ever have enough to meaningfully affect the market price. As such going forwards I'm going to be putting what profits I can from my regional trading towards this kind of speculation, and try and ride the waves of NES sales for profit.

With these current investments I am looking to start selling off hypercores once they hit 300k or we get to 4 months from the sale (late July), whichever comes first. For the Skill Extractors I want to sell off once the price hits 480mil(ish), with again a cutoff of late July to start liquidating. That's because I would expect more big sales in late summer/early autumn to entice people back in after their summer holidays.