Market Discussions

Hey,

I'm a a courier by trade and while doing my daily trade hub runs in a Providence I noticed an extremely lucrative market which tends to crop up with surprising regularity. I've been monitoring it it for some weeks and I feel confident that now would be a good time to invest. But although I have a good amount of capital at current (Just over 400 million, with my providence), to truly take advantage of the market, I need somewhere in the region of 1 bn or more. Which is why I'm here today asking for a 500 million ISK loan, with repayment of 550 Billion within a month, uncollateralized - with a 10% interest rate.

I should say, I'm not willing to reveal what the market is in this thread - as it's likely, given the high profit margin (of about 50%), that it would be jumped on before I had a chance to intervene. However I am happy to reveal such in private with any potential-investors via eve mail.

Thanks!

No sarcasm there Eve Mail me and I'll explain it if you want.

Fair enough - I do admit that I haven't perhaps chosen the best words, which may give the impression that I'm attempting to scam some poor individual. And my last attempt defiantly went far from well, although I hope that as I now have more experience, and more of my own capital, behind a fairly interesting venture that some may be more willing to invest.

Furthermore, I guess you're right about not revealing my plan publicly, so I'll happily explain it now. It's simply that, as I've been travelling between trade hubs, I've noticed that in some very remote area, at certain times of the week, minerals are being sold in bulk at an extremely low cost (averages around 70% of Amarr market value). The regularity of the sales make me confident that it is likely bots dropping their weeks yield on the market. And I've pretty much got their schedule mostly worked out over the last month - it's quite predictable, I just don't have the cash spare to put into it. And I was hoping to raise some cash to buy up enough of these low-cost minerals to fill a freighter and ship them to Amarr to sell for profit. And as the profit margin is quite high, I felt it only just to provide a high interest rate.

Hmmm, very true. I'll set it at 15%, non variable then. Original post updated to reflect that.

Honestly, 15% is pretty competitive for uncollateralized loans. The difficulty is simply trust. And, unfortunately, raising the interest rate wouldn't really help as people would start getting nervous. So, if you can't fill, you may want to look at a lower amount, or maybe some collateral or possibly even an audit.

Updated the offering to 500 million at 10%, although it cuts down the amount of ISK i can make it will nonetheless allow me to fill most of my freighter.

Use credit card, buy PLEX, sell for ISK, fund activity, use profit to replace PLEX from market and sub with it. Then you're no worse off $ wise and no interest payments necessary.

I'm from Europe too, I get all my sub time off shattered crystal, works out about £22 for one GTC (2 PLEXs)

Edit: http://www.shatteredcrystal.com/index.php/eve_online

If you've noticed it then at least a couple hundred other people have too. Not to mention with all the market/trading websites extracting data directly from EVE and spitting it back out, you don't even have to do the legwork to find out what's moving, where it's moving and how good the profit is.

This "extremely lucrative market" you're referring to in a tone of hushed secrecy could describe any number of commodities, from high-low value goods at low-high volumes.

Good evening Sir, my name is Steve. I come from a rough area. I used to be addicted to crack but now I am off it and trying to stay clean. That is why I am selling magazine subscriptions.