Market Discussions

Profit Report

1 Plex
~726mil

POS Fuel
~146mil

Eve-Mogul Subscription
50mil

Overall Liability
~922mil

Eve-Mogul Profit
~1,471mil

Contracts Profit
~1,314mil

Lending Profit
~131mil

Overall Profit
~1,994mil

Required Profit for a 2.5% return on IA's
1,250mil

This month's IA return
3.988%


NAV Report
~16.21bil


I'm posting June reports now to reduce my workload at the end of the month. Final values will be updated on the 1st, just before the dividend payment is issued. Some lovely news this month:

TAUTX experienced its first ever private sale of shares between 2 pilots, and I had my first ever experience acting as a 3rd party. The TAUTX mailing list was used to request shares, and 2 pilots negotiated on a price 5% higher than the shares' face value (2 months of interest payments were added to the price of the shares upon sale). My 3rd party involvement was completely free, and meant only to maintain a safe sale of shares.

Also, with the expansion's release, all of my isk was tied up for nearly half of the month due to outrageous prices and I was forced to practice new trading techniques. Specifically, arbitrage. This turned out to be much easier than I expected. Trading is also a little more relaxing now that I have so much free isk to place into long-term market orders, and watch the profits trickle in. While it may seem like some profit is 'off the books' because of the NAV report: This months NAV has been corrected to a more appropriate value, but is still inflated by sell orders. Some of these orders are expected to sell, however, so I have refrained from adjusting all of them. Expect to see the Profit report reflect these 'hidden' values in the coming weeks.

Bonds have not yet been sold. I expect profits to rise further once pilots begin to realize that TAUTX is reliable, and start to purchase bonds. It has been a long 6 months, creating and changing policies, but every month I get closer to a more stable, more dependable business model and I want to personally thank all of my investors (past and present) for supporting this bank as we move forward.

Hey, Koniforous, has the minimum, trusted rate on uncollateralized loans changed to 10% recently? Did you decide that 8% was too low for that type?

I knew that is what happened! RAW's posts were very thought-provoking, indeed. And naturally, my first action after reading it is to ask for 5% on several billion. Hahaha. xD If I ever get to a point of being able to lend, I will probably hate myself.

Well, if 8% is still on the table for trusteds, I would like to open up a 500 million ISK uncollateralized loan, please. :)

Using a second corp to house Bond information is overly complicated and has proven confusing for clients. I will be updating TAUTX corp info to include all bond information. [TAUTF] will be closed as it is largely useless.

I haven't thought about this, yet. I suppose 1 week per loan is a good starting point.

Profit Report

1 Plex

~780mil

POS Fuel

~136mil

Eve-Mogul Subscription

50mil

Bond Liability

30mil

Overall Liability

~996mil

Eve-Mogul Profit

~2803mil

Contracts Profit

~308mil

Lending Profit

0mil

Overall Profit

~2115mil

This month's IA return

4.23%


NAV Report

~16bil new system (~22.5bil old system)


Pulic Funds Deposited

Investment Accounts (Shares; 1mil each)

6245mil currently
6250mil maximum

Bonds (100mil each)

1700mil currently
1700mil maximum

Overall Deposited

7950mil currently
7950mil maximum


A few things to say this month:
First, about the NAV. I will from now on be removing public deposits, both Bonds and IA's, from the NAV. This will give a more accurate picture of what TAUTX's NAV truly is. After adjusting NAV using EveHQ, I noticed there is a ~6bil increase from last month, but my profits haven't been THAT amazing this month. I have stopped adjusting market sell orders since it looks like my wild prices will actually sell post Crius, this might be the cause. The truth is; I dont know how to explain this, and I apologize for this.

I have added a Public Funds Deposited section so that everyone will be able to easily determine how much public isk TAUTX has at the beginning of each month.

I will be changing policies on maximum Bonds, and maximum Shares available. Now that I have a comfortable NAV, I no longer have a need to expand TAUTX into the previously planned 50% debt ratios. Now, Overall Deposits will not be allowed to exceed 50% NAV (under the new system, this means 0% debt ratio on all funds at all times.). Again, TAUTX does NOT operate under a full reserve model, but this policy will help to insure depositor funds in the case of negative profits.

This report will be updated with final values when the IA dividend is issued.

Lengthy post FIN! Thank you.

Profit Report

1 Plex

~790mil

POS Fuel

~136mil

Eve-Mogul Subscription

50mil

Bond Liability

0mil

Overall Liability

~976mil

Eve-Mogul Profit

~726mil

Contracts Profit

~184mil

Lending Profit

0mil

Overall Profit

-66mil

This month's IA return

2%


NAV Report

~9463mil


Pulic Funds Deposited

Investment Accounts (Shares; 1mil each)

4983mil currently
6250mil maximum

Bonds (100mil each)

0mil currently
900mil maximum

Overall Deposited

4983mil currently
7150mil maximum



First negative month in almost a year. I started a new job IRL and now I'm at work for 12 hours 5 days a week. It's been tough adjusting to the new schedule and my profits are reflecting this. I'm paying out 2% this month regardless of profits, and if next month is similar I will most likely be shutting down TAUTX temporarily until things IRL calm down a bit. If profits are also as bad next month; share holders will receive at least 2% like this month.

NAV should be close to correct this month and only off by a billion or so. I invested in some BP's which I don't include in the NAV. Available bonds have been adjusted to coincide with the new NAV, and I currently have 1267 shares available for deposits until the 5th. TAUTX experienced 2 withdrawals in September and they were processed within hours keeping in line with my expedient withdrawal record.

Thanks for reading!

Profit Report

1 Plex

~850mil

POS Fuel

~115mil

Eve-Mogul Subscription

50mil

Bond Liability

0mil

Overall Liability

~1015mil

Eve-Mogul Profit

~1500mil

Contracts Profit

~184mil

Lending Profit

0mil

Overall Profit

~669mil

This month's IA return

1.338%


NAV Report

~7 bil


Pulic Funds Deposited

Investment Accounts (Shares; 1mil each)

6250mil currently
6250mil maximum

Bonds (100mil each)

0mil currently
800mil maximum

Overall Deposited

6250mil currently
7050mil maximum


Blame the PLEX!

Thank you Mr. Scat. I am aware of this, and simply have not been able to find the time to commit to creating a dependable and resourceful guide for investors. You are more than welcome to gather several quotes from MD and create a basic do's and dont's list for investing and I might upload it to that link, and I might even pay you for it ;)