Posts Tagged ‘Industry’

Year in Review 2014: Trade

New Year 2014 Posts:

 

This one is going to be a lot of numbers, charts and spreadsheets. Where to start? I guess point 1 should be the revenue streams for the account in 2014 (not including Region Trading). These were:

  • Faction Warfare (around 1bn)
  • Ganking (around 400m)
  • Industry (900m)
  • Exploration (130m)
  • PI (400m)

 

All of these ventures were profitable past their original investment (except arguably ganking, which caused me to loose 500m’s worth of implants, but I don’t count that :P). None of the revenue streams remains active at time of writing, although I do have plans to activate PI and industry again at some point, and I suspect that ganking or faction Warfare might make an appearance again one day. This gives me an “other investments” total of around 2.8bn this year. Not bad considering I had some fun learning and executing all of the streams to some extent.

 

However as it has been since around  2009 my main income has been generated via the trading character I run. An, the trader has recorded trade data in my spreadsheet 67 times this year (an average of 5 times per month), which is… crap. Although not entirely unexpected in what has been a turbulent year. With next year hopefully being less demanding on my time, I hope to increase this number to 96, which is an average login of 2 twice per week in 2015.

 

Still it’s not the amount I log in that matters, but instead the amount of ISK that has been made, and that figure is far more healthy. Let’s get the big number out of the way: this year I made a total of 10.5bn ISK, after all deductions. That is a % increase of 53% since 2013, or an average increase of 0.58% per day. Not bad all things considered, and has moved me firmly into space upper-middle class. Looking back at last year’s posts it seems I was only just shy of meeting my goal of 11bn profit in 2014, I can only hope that I do as well meeting this year’s goals. But I promised that I would give you some sexy charts and so on, so let’s see the years profit broken down by quarters:

Quaterly

 

I find it interesting that I seem to always have a bad month just once every quarter before returning to a better figure. I think it’s less of a reflection of any accounting, or market trend and more on that of my psyche.

 

  • Month 1: log in lots, earn lots of money
  • Month 2: log in slightly less, earn lots of money
  • Month 3: log in hardly at all, and send money to hark to buy something big
  • Go back to Month 1

 

I guess it could be worse, and at least the cycle is sustainable, rather than draining my cash. Indeed looking at the spreadsheet even taking into account the bad months I earned around 28m isk/day and 859m/month in 2014, after expenditure on nullsec. Up from 25m/day and 750m/month in 2013. Projecting this onto 2015 I hope to average 38m/day and 1.1bn/month (based on average % increase per day from all records and current wealth). Should I succeed this would end 2015 with ~44bn Isk in the bank and increase of 45% on this year’s wealth. Certainly feasible. However rather than aiming for the trend already forming, I would like to set myself the goal of reaching 50bn (~58m/day) banked cash in 2015 an increase of around 20bn in the next year.

 

Returning to looking back however, here is what the year in trade looked like in chart form.

Chart

 

Fly what you can afford to lose,

 

Hark

 

Gully

Well as I predicted in the last few updates things have gotten a bit quieter on the eve front. PL has returned from a Rapid Deployment and gone almost immediately onto another. I had to delay going onto the second one due to a long weekend trip to Europe. With that all done now, I have successfully deployed to our new staging zone and am eager to see how much activity there will be. Before I went on my holiday however I did purchase a small gift for myself in the form of a Panther Black Ops Battleship. I have to say that the CCP art department did a stellar job on the rework of the Typhoon Battleship hull the Panther is based on. Without a doubt the ship is the best looking one of my meagre collection, shortly closely by the Crow (again masterfully reworked). I don’t think I have been as taken by the look of a ship in eve since I first set eyes on the Chimera, and even then I think the Typhoon might just have it beaten. Seeing as a large percentage of the pings I’ve seen so far in this slow summer have been for BLOPS, I hope that the panther might just increase my kill count a good measure. We’ll see on that one however.

 

On other fronts things are looking… pretty good actually. Xa is still wearing her ganking hat, and we just finished selling our first loot haul of 1bn ISK. Sorry that’s a spoiler for my ganking posts, I’ll put up the story on how we got that soon promise! Admittedly we have been a bit quiet on the ganking front, but it’s because it’s such a slow burning activity (much like a lot of eve), you spend literally hours doing nothing then suddenly it’s an adrenalin overdrive for 30 seconds. The ISK/Hour is pretty good (although that’s dependent on your luck) but the time spent doing nothing is a bit bleh. Still we shall see if the interest wanes over time, I’m almost surprised that we have lasted as long as we have to be honest, but then again it seems to be the only activity in eve which encourages groups of our size to work together.

 

Trade wise, things are also looking pretty good with 1.5bn made this month, despite some massive asset devaluations. The industrial character also paid back her start-up debt including the compound interest owed, so any further money earned on that account is pure profit. I expect to see a return on my other investments next month meaning that she will have no debtors. That’s good in the sense of my profitability, but it also means I should look into some new income streams to invest in. Diversity is after all the key to a good portfolio.

 

Speaking of the Indy character, she is currently sitting on about 400m of PI produce (I’ve been lax) and a further 700m of liquid and asset ISK. I am considering shutting down production until the industry changes hit TQ on the 22nd, so that I can spend the time assessing future profitability of the endeavour. So far the enterprise has been run very slap-dash, with finger in the air calculations. If you know me at all this might come as a bit of a surprise given my predilection for spreadsheets and exacting standards, but the simple fact is that although I have kept a loose eye on the profitability of the endeavour, this has been a learning experience rather than a profit making one (although if it had started haemorrhaging cash I would have shut it down) . Knowing that I had literally zero knowledge of the trade, recording exact profit would have highlighted exactly how much my mistakes were costing me. Something that while learning might put me off a little. However now that I am getting better versed in the process, and the industry changes are looming closer, it seems like it might be time to take stock and look at more exact numbers. Should those numbers become less profitable in the future, I will consider moving one of my dual training character to that account to cut costs and increase utility. But that’s a matter for next month at the earliest.

 

Time wise things haven’t been great this month with 42 hours of gaming played of which only 3 were spent in eve. The total hours played has been inflated by the Steam Summer sale which prompted me to boot up some game in order to farm some Trading cards. To be honest I am not certain that this next month will be much better.

 

Fly like a summer sloth,

 

Hark

 

Precipice

It’s been another great month for my PvP record, with Providence providing some good fights. I saw a some complaints/propaganda/opinions that PL were “Dropping caps” everywhere during our last deployment, but speaking only for what I saw, things were pretty even. If anything in the fleets we were in, were constantly attempting to nurture the fight out of the Provi fleets, getting annoyed at other (then) blue fleets for over powering, and FC assassination.

 

Like I said, this is only my personal experience of the situation, so perhaps I was just on the “good” fleets. Either way, it was a good fun RDU, and the fights/fleet comps have been excellent. Certainly its lasted longer than I have expected, and provided more content. I’m a bit worried about what happens next however. With no sign of news for our next deployment and the usual lethargic waves of the Summer lap against the content generators. Add into this the devotion of our chief content providers to engage in the wind up to the Alliance Tournament, and I am beginning to think that we might be seeing a slower pace over the next few months. Still make hay while the sun shines eh? Perhaps I need to look into getting my PvP fix elsewhere?

 

Ganking has been on the down as well, although I still need to write up the full length of our adventure so far. It’s in the place where if you say to any of the team (myself included) “You still want to do some ganking at some point?” they say yes, but we never actually get around to that “Some point” being “now”. I suspect that Watch_dogs has had something to do with that my on part.

 

Industry has been on a bit of a low as well. I expect to see me increasing my industry schedule with the changes to the Manufacturing system coming in so soon, but instead its caused me to become more fatigued with the horrid interface. I think that where before I had not even thought about the terrible design (and the number of clicks needed to do anything) is, so I accepted it as “the only way”. However now I have seen a better system on the horizon I feel less forgiving of the clunky old way. That said I have increased my PI production by one planet, and I have also been ticking over the production albeit at a far reduced rate. Still not breaking that mythical 1bn profit mark, but its edging ever closer. I’ve no idea what the industry changes will do to my profits, so at the moment I’m ready to shut up shop at a moment’s notice, should it prove less profitable.

 

This month the traders ledger shows that I have made a paltry 300m profit this month. However part of that does include two investments in longer term schemes of 600m and 800m (1.4Bn total). I expect to be able to return at least the same as my initial investment, and hope to turn a profit higher than if I had left the money invested in the trader. So hopefully I will see a good month in exchange for this low one further down the line.

 

This month I spent around 70 hours gaming (inflated by a LAN party we held a few weekends back) of which 25 was spent playing eve. Eve kill attributes me with 122 kills during this month, including one Aeon (player event though), not bad, but not breaking that record set in Feb.

 

Fly Idling

Hark

Impressionable: Response – Unforgiven Storm

Following the first post in the Impressionable series Unforgiving Storm Responded to my first impression post. I have published below the email sent to me.
Loved the post, I would like to clarify some points that touch me a little bit:

“Sadly Unforgivien has put himself too firmly behind the POS (which I do feel is important, but not important enough for its own candidate). “

I support pos fixes, yes, but not only.

I have to say that knowing that the poses will not be revamped or fixed anytime soon was what made jump from my chair and push me to run for the CSM, but there so many other things broken in industry that im pushing to a fix like moon mining or inventions. I could be here for a while describing areas with problems related with industry that are broken or not work properly and I will put my force behind, other than just poses.

“and that he has a tendency to give solutions rather than show interest in facilitating finding one as a group;”

You notice that, is correct I agree, I have that tendence, it comes with my job, im a software developer, I do software design for a living for 12 years now. nice catch.

“we are not looking for Nicky Knowitall, but instead searching for Emma Enabler.”

I would like to add that with my job I learned that I dont know the truth, my word is not gospel, I dont have all the solutions and when you work in a group of 6 people like I do in a daily basis for 12 years, a flat group with no hierarchy, communication, compromise, working together  to achive a final result is more important than anything, what it matters in the end is that the problem that is front of us is fixed, not that its fixed my way.

Thanks for the attention and thanks for the review.

I will be expecting your next blog about the other candidates with interest.

Regards
Thanks Storm, its does you credit that you are looking to reach out and clarify your position over the CSM election. Its that kind of effort we should look for and expect from our CSM. I should just take this moment to add, to all representatives who might stumble across these posts, that I hope they will not take any of my comments personally. I very much doubt I could make a political stand better than they do. Every candidate who is willing to stand for election is doing their part to make this game better, no matter if their run is good, bad, successful or a failure. Your efforts are laudable, as you are working to try and help out community I greatly respect that.
That said I have not, and will not pull punches in this series. I intend this as an airing of my thought process around the CSM interviews, and as such I will write what I am thinking. A strong candidate, such as Storm, will take any criticism constructively, I hope any who read this do so.
Finally I wish all the candidates the best of luck in this years run.
Fly Responsively,
Hark