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Question about setting up a bond and using 3rd Party services! Help!

Author
Millenium Jack
Sebiestor Tribe
Minmatar Republic
#1 - 2013-01-15 01:10:16 UTC
Hi everyone!

So, I'd like to set up a bond/investment (I'm not actually quite sure what the proper term is...) however this will be a first for me and I have a few questions before I offer an initial investment. First of all, I am relatively new to trading, however I broke 1B profit in a single day on 12-Jan for the first time. My normal return on my investments are around 5% as you can see in the redacted version of EveNexus linked below.

http://i.imgur.com/ajn1R.png

So here comes the question, why do I need investors? Long story short, because I ****** up. I accidentally bought 11 of a rather expensive item that shall remain unnamed. I can still make a profit off of these items, however they move extraordinarily slow and it has cut down my trading volume significantly. Because of this, I can offer 8B in collateral.

So here is where I need help:

Who is a good third party to use for collateral - and what would the fees be?
What would be a reasonable percentage return be for investors?
Over what period are most bonds filled, and is interest compounded?
Do people prefer rollovers into subsequent investments, or full payout and reinvestments?

Any and all help would be greatly appreciated. Additionally, if you would like to take the collateral off my hands directly, we can probably come to a fair price. Don't contact me if you're looking to flip the items though, if I could do it myself, I would.

Regards, Jack
Millenium Jack
Sebiestor Tribe
Minmatar Republic
#2 - 2013-01-15 01:13:07 UTC
Oh, and additionally, what sort of API information would I have to divulge to investors.
Varius Xeral
Doomheim
#3 - 2013-01-15 01:19:33 UTC
If you have collateral secured with a reputable third party, you won't have to divulge anything to anyone, nobody will care.

Official Representative of The Nullsec Zealot Cabal

Millenium Jack
Sebiestor Tribe
Minmatar Republic
#4 - 2013-01-15 01:20:43 UTC
What is the fee for using a third party, and how do I find a trusted one to use?
Varius Xeral
Doomheim
#5 - 2013-01-15 01:30:05 UTC
Fees I have no idea.

Most people who do this kind of thing will likely just hold the collateral as cover for the full amount that you then pay them back with interest. You only need multiple investors if your amount is huge, you cant come to terms with the holder on an interest rate, or you want the publicity to build up for a later scam.

Official Representative of The Nullsec Zealot Cabal

Millenium Jack
Sebiestor Tribe
Minmatar Republic
#6 - 2013-01-15 01:39:04 UTC
So it's better just to find a single investor you think for amounts or around 8B? I didn't think that anyone would drop that amount of ISK on a trader who already made one mistake. Blink
Varius Xeral
Doomheim
#7 - 2013-01-15 01:48:25 UTC
If you have adequate collateral, you can do whatever you want. 8b is probably within the limits of one investor. vaerah, flakeys, grendell...can;t think of anyone else trustworthy atm.

vaerah has his own thread somewhere on the first few pages....other than that, one of them should be by soon. early birds and worms, etc

Official Representative of The Nullsec Zealot Cabal

Vaerah Vahrokha
Vahrokh Consulting
#8 - 2013-01-15 08:21:55 UTC
Millenium Jack wrote:
What is the fee for using a third party, and how do I find a trusted one to use?


You could start by contacting third party holders...
Blueprint Seller
Bring Me Sunshine
#9 - 2013-01-15 08:30:13 UTC
I would be interested in filling this as a single investor.

For 3rd parties you could use either Grendell or VV. Alternatively you can skip the 3rd party, when you have a single investor, so that you just exchange the isk for the collateral via contract at the start and end of the loan. Either would be acceptable to me.

We would simply need to discuss the nature of the collateral and the interest rate.
Millenium Jack
Sebiestor Tribe
Minmatar Republic
#10 - 2013-01-15 11:05:41 UTC
Vaerah Vahrokha wrote:
Millenium Jack wrote:
What is the fee for using a third party, and how do I find a trusted one to use?


You could start by contacting third party holders...


Part of my query was to find out who these people are - although it appears you are one of those. I'll contact you in game. I've only ever done trading on my own, I don't have a lot of knowledge on the way that businesses like this proceed between different parties.

Blueprint seller, I'll send you a message to see if we can come to a deal.
shar'ra matcevsovski
Doomheim
#11 - 2013-01-15 14:17:37 UTC
nothing against VV, he might be legit, but I can only recommend to to take the standard 3rd parties when it comes to holding colletral... such as chribba, grendell, darknesss, somerset mahm or wirox. their fee`s are small enough and you simply dont risk your isk for a 50 mil fee difference.

shar'ra phone home

Tom Hagen
Twilight Empire
#12 - 2013-01-15 15:58:25 UTC
shar'ra matcevsovski wrote:
nothing against VV, he might be legit,


In all fairness, I think we all can agree that VV is probably as safe as it gets when we are talking about 8 bil..
He has a long history in MD a lot of community time and different project running that surpass the average life expectancy of the normal MD poster in EVE :-)
Seems like a lot of trouble to cash in on such a paltry sum of ISK.
With that in mind, if not even VV can be trusted with those sums, in the mind of the regular EVE player. We should ask us where Grendell and Chribba and the likes started out?

In this case also if one was to contact VV, it's a possibility he will finance the loan himself.
Also if one was curious, I am sure that there is some added value to get from VV that most likely others wont bother with.
I don't want to put words in VV's mouth so that is up to Millenium Jack to find out ;-)
Varius Xeral
Doomheim
#13 - 2013-01-15 16:04:53 UTC
I believe 99% of **** on MD is a scam. I trust VV. Some people are just beyond the ISK in their wallet and do this type of stuff for the fun of it.

Official Representative of The Nullsec Zealot Cabal

Alex Grison
Grison Universal
#14 - 2013-01-15 16:11:29 UTC
Varius Xeral wrote:
I believe 99% of **** on MD is a scam. I trust VV. Some people are just beyond the ISK in their wallet and do this type of stuff for the fun of it.



more like 99.999...%

yes

Grendell
Technologies Unlimited
#15 - 2013-01-15 16:14:41 UTC
Millenium Jack wrote:

So here is where I need help:

Who is a good third party to use for collateral - and what would the fees be?

VV, Chribba, and I seem to be the regular collateral holders in MD. I can't speak for either as far as fees go, but I personally charge variable rates depending on the loan format. Unless there is some special circumstances, the fee is generally in the 1% range.
Millenium Jack wrote:
What would be a reasonable percentage return be for investors?

For fully collateralized loans the norm here ranges from 1.5-5% monthly

Millenium Jack wrote:

Over what period are most bonds filled, and is interest compounded?

From my personal experience, my bonds are filled almost instantly, but that's only because I keep investors deposits on hand. Interest is not compounded in my bonds and loans as far the norm on MD goes, everyone seems to use simple monthly fixed interest rates.

Millenium Jack wrote:

Do people prefer rollovers into subsequent investments, or full payout and reinvestments?

From the general trends in MD, that I've noticed. Most investors seem to sway towards the type of investments they can dump their isk, and not have to think about for a long time.

If you have any other questions, don't be shy to ask.

Regards,
Grendell ♥

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