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Not sure what route to take with my isk, thinking about investing.

Author
TomParad0x
RogueNET
#1 - 2015-09-14 16:12:45 UTC
Alright, so I'm not really sure which route to take. Currently I've been thinking about doing trading, manufacturing, or investing. Maybe even some combination of all of them. I have a decent amount of isk, I don't know if you would need to know how much to better advise, or if I should even disclose that or not. Obviously not all of my isk I want to pool into any one thing, and not even all of it at once anyway - I still want a pretty decent buffer.) But at the same time, I want to turn what I have into much, much more.

I've never invested, IRL or in-game. I don't really know how it works, or most of the terminology. Would this be something that would be worthwhile to learn and invest in other people? What kind of resources are there to establish someone's trust? I know there's nothing built into the game to handle this, but that's fine to me (what's the game without risk? If there was no risk everyone would be doing it and it probably wouldn't be worthwhile.)

I'm hoping perhaps the people here could help me get a better understanding of what route would be good, and how it works. I have about 4 hours a day to play, on average (and probably not every day, some days I get back from work and just feel like sitting down and not doing anything, lol.)

Anyway, thanks in advance. Hopefully this isn't too ridiculous of a request, lol.
Nouva MacGyver
Jedrzejczyk Integrated Capital
Minerva Exalt Holdings
#2 - 2015-09-14 16:56:00 UTC
In very layman terms, investing in this game is basically giving your ISK to someone else for them to use with the promise of generating a % interest on that sum. When that project ends, so does your promised interest and you (ideally, if not scammed) get back the sum you invested.

The time your ISK is held up in such investments can vary (weeks, months, to perpetual with withdrawal options). Have a look at the first 2-3 pages on MD and have a read around.

As a minor tip, yes diversification is good and definitely recommended. Same rules apply - don't invest what you cannot afford to lose. If you have idle ISK that is just sitting there not being utilised by yourself for whatever reason to generate profits through activities (production, trading, etc), investing is a viable option. Vice versa; no point investing for a % interest on a project if you could very well use that same ISK to generate even better profits on your own.

Collateralised investments - ISK value covered with assets held by trusted third party. Low risk of default (a.k.a, people running away with your money leaving you dry). At times there may also be cases whereby the investor himself holds the collateral (one to one, no other parties involved), in this case make sure you know the value of what you're holding, or you might end up with something that you'll find hard to liquidate to reasonably cover what you loaned out.

Investments with no collateral by issuer - High risk as people may abscond with your money for varying reasons.


Again, have a look around MD and if you don't know which characters are (at this moment) the trusted third party collateral holders, ask and make sure.

Also, get ready for potentially having subsequent posters saying "give me your ISK, i'll know what to do with it", etc, or something along those lines.
TomParad0x
RogueNET
#3 - 2015-09-14 21:02:44 UTC
Thanks for the info!

Nouva MacGyver wrote:
In very layman terms, investing in this game is basically giving your ISK to someone else for them to use with the promise of generating a % interest on that sum. When that project ends, so does your promised interest and you (ideally, if not scammed) get back the sum you invested.

The time your ISK is held up in such investments can vary (weeks, months, to perpetual with withdrawal options). Have a look at the first 2-3 pages on MD and have a read around.


That's about along the lines of what I was figuring so far. So then, if there were an investment that was something along the lines of 10B isk @ 10%/m (the p/m is per month right?) then I could expect to get 1b added each month? Then say it lasts 3 months, does that mean the total I've gained is 3B making it 13B that I get back at the end?

Nouva MacGyver wrote:
As a minor tip, yes diversification is good and definitely recommended. Same rules apply - don't invest what you cannot afford to lose. If you have idle ISK that is just sitting there not being utilised by yourself for whatever reason to generate profits through activities (production, trading, etc), investing is a viable option. Vice versa; no point investing for a % interest on a project if you could very well use that same ISK to generate even better profits on your own.


That's what I was thinking. I was actually wanting to get some advice on trading/production too, do you happen to know if these are viable to make a significant amount of isk in a few hours a day? ( I have about 3 or 4 hours after work, maybe an hour in the morning.) And given that time limit, do you think production is a better option than trading, or? I'm actually very unfamiliar with both (All of my chars are PVP, so I'm actually going to be firing up an alt for all this)


Nouva MacGyver wrote:
Collateralised investments - ISK value covered with assets held by trusted third party. Low risk of default (a.k.a, people running away with your money leaving you dry). At times there may also be cases whereby the investor himself holds the collateral (one to one, no other parties involved), in this case make sure you know the value of what you're holding, or you might end up with something that you'll find hard to liquidate to reasonably cover what you loaned out.

Investments with no collateral by issuer - High risk as people may abscond with your money for varying reasons.


Again, have a look around MD and if you don't know which characters are (at this moment) the trusted third party collateral holders, ask and make sure.


I'll do that, thanks. I've actually been reading around for a few years, but never really had the isk ready to invest in anything. I'm not familiar with who is really trustworthy and who isn't, aside from Chribba, but his name has been all over the place for years. I'll have a look around, though.

I'm considering making a post on Reddit and here for any tips and all that with how I can make the most of my isk with my time restraints. I have my doubts with how much I can make given my time restraints, but we'll see.

Nouva MacGyver wrote:
Also, get ready for potentially having subsequent posters saying "give me your ISK, i'll know what to do with it", etc, or something along those lines.


Oh I would be surprised if I didn't at some point, lol. Thanks for the advise!
Bumblefck
Kerensky Initiatives
#4 - 2015-09-14 21:53:07 UTC
Give me your ISK, I don't know what to do with it.

Perfection is a dish best served like wasabi .

Bumble's Space Log

goodlady Smith
TheCrazy88s
#5 - 2015-09-14 22:49:09 UTC
You can look at:
Trading in station - low SP needed so can do it on an alt and sticking with high turnover average margin items it fairly secure
Moving items between hubs and selling for the difference - costs a bit in logistics but mostly insured so fairly safe
Investing in secured bonds / loans - low returns (2-3%) but secured and no real effort
Investing in unsecured bonds / loans - ok returns (10%) and no real effort but high risk
Flipping - buying items and selling where you bought them for a mark up
Create a corp and tax the players - high effort but can be profitable
Invention – T2 BP and Ships / Modules

Or...
Buy a carrier and rent space n farm
Buy a marauder and run C4s and C5 in WH space

The list is endless….

Real way to determine if you’re going to make isk is find what do you LIKE doing because that you will invest time in everything else is just a grind

Please like my posts it makes me feel better about the time I spend on the forums WTS... Smiles

Pridit
Private Ventures
#6 - 2015-09-14 23:00:55 UTC  |  Edited by: Pridit
I would absolutely have to recommend station trading, even passively or when you get the time can be highly rewarding with the capital to back it. You can also run manufacturing in the background so it's not actively taking up your time. goodlady has given a pretty good rundown, but trading for me personally has been the highest earner over the five to six years I've been playing this game and I only started recently.
TomParad0x
RogueNET
#7 - 2015-09-15 01:37:09 UTC
goodlady Smith wrote:
You can look at:
Trading in station - low SP needed so can do it on an alt and sticking with high turnover average margin items it fairly secure
Moving items between hubs and selling for the difference - costs a bit in logistics but mostly insured so fairly safe
Investing in secured bonds / loans - low returns (2-3%) but secured and no real effort
Investing in unsecured bonds / loans - ok returns (10%) and no real effort but high risk
Flipping - buying items and selling where you bought them for a mark up
Create a corp and tax the players - high effort but can be profitable
Invention – T2 BP and Ships / Modules

Or...
Buy a carrier and rent space n farm
Buy a marauder and run C4s and C5 in WH space

The list is endless….

Real way to determine if you’re going to make isk is find what do you LIKE doing because that you will invest time in everything else is just a grind



Yeah, I was thinking station trading / manufacturing for starts, maybe some passive investments. I have done missions/ratting in null, various things like that but I don't really enjoy doing them. Also haven't tried WH space, though it's not outside the realm of possibility. I'm too busy currently for something like that though.

To me trading/production/investments seem to be really high isk makers if done properly. Which sounds like something I'd be more interested in for now (I might do some L4s or something, but meh)

Anyway, thanks for the info! I'll definitely do more research into these.

Pridit wrote:
I would absolutely have to recommend station trading, even passively or when you get the time can be highly rewarding with the capital to back it. You can also run manufacturing in the background so it's not actively taking up your time. goodlady has given a pretty good rundown, but trading for me personally has been the highest earner over the five to six years I've been playing this game and I only started recently.



Yeah that's what I'm thinking too. It seems like a really good way to make some decent income without taking up too much time. Something I could take the laptop into the other room and monitor too, when I'm home and watching stuff with the family.

Honestly I've been playing since 04, and I've never really found a really good method of making isk I actually like (Farming I find too repetitive, missions same, etc. Most of it isn't very interesting, though WH might be pretty good too, I've heard of people making tons in WH.)
goodlady Smith
TheCrazy88s
#8 - 2015-09-15 02:44:35 UTC  |  Edited by: goodlady Smith
Station trading as something that you can do in the back-ground seems like something that would work for you.
Or a small fleet of miners in Rental Null if you can sort boosts and logistics to get the stuff out.
The CFC rental is reasonable though you dont get your own sytstem

Please like my posts it makes me feel better about the time I spend on the forums WTS... Smiles