Posts Tagged ‘money’

Little Red Crosses

It should not shock anyone to know that eve is not the only game that I frequently play. Anyone who has read a monthly update (when I do them), will also know that I make my money in eve through trading. Furthermore, if some poor fool has frequently read my Monthly updates, they would also know that in the past I have had several other tributary revenue streams in addition to my trading.

 

Should you possess all of this information, you would know that PvE has never been an income source for me for any serious length of time in the last 3 years. This is not for a lack of trying. Indeed, I began my eve carrier as a mission runner, working with the Dirties to slowly climb the mission levels, and along with it my ships. Later after moving to Null Sec, I did a fair amount of ratting for my living, and this almost became what I would now classify as a main income stream, but never lasted. At several points, I have tried to re-invest in mission running as an income, and have even dabbled once or twice into running incursions to earn the big money. The issue is however, that so far I have found none of eve’s moneymaking PvE content entertaining to the point of preferring to play it over another game.

 

Why would I suffer through worlds collide, when I could instead play a round of World of Tanks? Why would I traipse between incursion sites rather than have some fun in Elite Dangerous? The simple fact is that the money earned in PvE and the enjoyment to had do not outweigh higher level of enjoyment I get from doing other things. I say all this because I am on the verge of having another go at trying to make incursions a secondary income stream. But every time I think about doing it, I find myself saying “when are you going to pick PvE over something else?”, at what time am I going to prefer playing an incursion rather than just firing up a better game? Have I missed something? Is there a fun way to play PvE? Is it just me that hates the monotony of shooting red crosses in any guise?

 

Fly like the damsel,

 

Hark

 

 

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