These forums have been archived and are now read-only.

The new forums are live and can be found at https://forums.eveonline.com/

Market Discussions

 
  • Topic is locked indefinitely.
 

★ Illegal Investments ★ Banking ★ 10% Interest!
Author
Previous Topic Next Topic
Darion Maken
Deep Core Mining Inc.
Caldari State
#21 - 2015-08-17 16:37:25 UTC
This is an interesting proposition. Unfortunately have you thought this through in the case of major withdrawals? How much capital will you 'hold back' for withdrawals? If a shiny new object comes along and 1/2 of your deposits get withdrawn over night - will you have the isk to cover? You model seems to work by investing their money and being able to pay the interest from that investment return. But some amount of this can't be invested - it needs to be held for liquidity.

Darion
Elizabeth Norn
Nornir Research
Nornir Empire
#22 - 2015-08-17 16:44:26 UTC
Illegal Spokeswoman wrote:
Droodid wrote:
You don't have any collateral yourself but you'll make damn well sure I have collateral when I go overdrawn? Sod off.


Yes, though specifics on that may change depending on the individual Account holder.

The collateral is to discourage potential abuse.


How much you thought this through? From what I understand you're not making any profit when lending ISK out (enough to cover the interest you're paying on the ISK borrowing) and the rate is far above what you could get in a collateralized loan instantly in MD.

Free 3rd party services

Buddy link w/ bonus 250k SP, you keep the whole PLEX upon subscribing
Illegal Spokeswoman
Doomheim
#23 - 2015-08-17 17:10:15 UTC  |  Edited by: Illegal Spokeswoman
Darion Maken wrote:
This is an interesting proposition. Unfortunately have you thought this through in the case of major withdrawals? How much capital will you 'hold back' for withdrawals? If a shiny new object comes along and 1/2 of your deposits get withdrawn over night - will you have the isk to cover? You model seems to work by investing their money and being able to pay the interest from that investment return. But some amount of this can't be invested - it needs to be held for liquidity.

Darion


I will be keeping some aside for withdrawals. It's hard to keep the wallet under a certain percentage anyway as items sell.
When I get a feel for the values going in and out I'll adjust the amount I hold.

When it is likely that a new shinny item is going to come out and people might want to withdraw I was planning on sending out a evemail to all Account Holders and getting an idea of the ISK that might me wanted so I could prepare if it was a lot.


Elizabeth Norn wrote:
Illegal Spokeswoman wrote:
Droodid wrote:
You don't have any collateral yourself but you'll make damn well sure I have collateral when I go overdrawn? Sod off.


Yes, though specifics on that may change depending on the individual Account holder.

The collateral is to discourage potential abuse.


How much you thought this through? From what I understand you're not making any profit when lending ISK out (enough to cover the interest you're paying on the ISK borrowing) and the rate is far above what you could get in a collateralized loan instantly in MD.


As mentioned in the OP I'm a trader. Overdrafts isn't where I make profit it's just an option I thought some may want to take advantage of.
All of my isk generation comes from Inter-Regional trading.
I buy goods, pay a hauler to move them to another trade hub and then list to sell there.

★ Illegal Investments ★ Banking ★
Illegal Spokeswoman
Doomheim
#24 - 2015-08-17 17:15:19 UTC  |  Edited by: Illegal Spokeswoman
Koniforous wrote:
Eve-Mogul leaderboards, Current Month Traders section:


The eve mogul Leaderboards are uptodate now.

I'm 11th for yesterday with 734,534,800.75 , which wasn't bad concidering I got back from holiday in the morning.

★ Illegal Investments ★ Banking ★
Rykker Bow
Center for Advanced Studies
#25 - 2015-08-17 17:52:09 UTC
Illegal Spokeswoman wrote:
Koniforous wrote:
Eve-Mogul leaderboards, Current Month Traders section:


The eve mogul Leaderboards are uptodate now.

I'm 11th for yesterday with 734,534,800.75 , which wasn't bad concidering I got back from holiday in the morning.


If you plan on using eve mogul as a means of verification of trading, please use the site public profit page so there is no question of authenticity. Eve mogul > site preferences > enable public profits page and link your character.

Example Rykker Bow public profits page

The Mjolnir Bloc - Lowsec PvP for the sophisticated - The Mjolnir Bloc Killboards
Elizabeth Norn
Nornir Research
Nornir Empire
#26 - 2015-08-17 18:02:02 UTC
Illegal Spokeswoman wrote:

As mentioned in the OP I'm a trader. Overdrafts isn't where I make profit it's just an option I thought some may want to take advantage of.
All of my isk generation comes from Inter-Regional trading.
I buy goods, pay a hauler to move them to another trade hub and then list to sell there.


But why do something that is so uncompetitive and no benefit to you? It's more work for no gain and a bad deal for those taking the overdraft.

Free 3rd party services

Buddy link w/ bonus 250k SP, you keep the whole PLEX upon subscribing
Illegal Spokeswoman
Doomheim
#27 - 2015-08-17 18:06:57 UTC  |  Edited by: Illegal Spokeswoman
Elizabeth Norn wrote:
Illegal Spokeswoman wrote:

As mentioned in the OP I'm a trader. Overdrafts isn't where I make profit it's just an option I thought some may want to take advantage of.
All of my isk generation comes from Inter-Regional trading.
I buy goods, pay a hauler to move them to another trade hub and then list to sell there.


But why do something that is so uncompetitive and no benefit to you? It's more work for no gain and a bad deal for those taking the overdraft.


For fun. I enjoy this kinda stuff.

Rykker Bow wrote:
Illegal Spokeswoman wrote:
Koniforous wrote:
Eve-Mogul leaderboards, Current Month Traders section:


The eve mogul Leaderboards are uptodate now.

I'm 11th for yesterday with 734,534,800.75 , which wasn't bad concidering I got back from holiday in the morning.


If you plan on using eve mogul as a means of verification of trading, please use the site public profit page so there is no question of authenticity. Eve mogul > site preferences > enable public profits page and link your character.

Example Rykker Bow public profits page


I've added the eve-mogul link in the OP

★ Illegal Investments ★ Banking ★
Rykker Bow
Center for Advanced Studies
#28 - 2015-08-17 18:19:08 UTC
There seems to be some continuity issues at play here. A quick glance at your public profile page says 4b profits over the last 17 days yet your op claims currently 1b per day profits.

The Mjolnir Bloc - Lowsec PvP for the sophisticated - The Mjolnir Bloc Killboards
Illegal Spokeswoman
Doomheim
#29 - 2015-08-17 18:21:08 UTC  |  Edited by: Illegal Spokeswoman
Rykker Bow wrote:
There seems to be some continuity issues at play here. A quick glance at your public profile page says 4b profits over the last 17 days yet your op claims currently 1b per day profits.


I was on holiday from 4th - 16th.

The profit depends how active I am.
That shouldn't be a concern to the Account holder though as the interest is paid regardless.

★ Illegal Investments ★ Banking ★
Star Killer14
Core World Imperium
#30 - 2015-08-17 20:49:38 UTC
Illegal Spokeswoman wrote:
Rykker Bow wrote:
There seems to be some continuity issues at play here. A quick glance at your public profile page says 4b profits over the last 17 days yet your op claims currently 1b per day profits.


I was on holiday from 4th - 16th.

The profit depends how active I am.
That shouldn't be a concern to the Account holder though as the interest is paid regardless.


How active you are is a major concern for any account holder:
1) If you are not on regularly then they will have a hard time withdrawing their funds
2) If you do not make enough isk trading to pay interest payments for several months I think it unlikely that you will give them the interest payments unless you can make a huge amount of isk in the month following to cover the expenses from the months before.
Illegal Spokeswoman
Doomheim
#31 - 2015-08-17 21:05:40 UTC
Star Killer14 wrote:
Illegal Spokeswoman wrote:
Rykker Bow wrote:
There seems to be some continuity issues at play here. A quick glance at your public profile page says 4b profits over the last 17 days yet your op claims currently 1b per day profits.


I was on holiday from 4th - 16th.

The profit depends how active I am.
That shouldn't be a concern to the Account holder though as the interest is paid regardless.


How active you are is a major concern for any account holder:
1) If you are not on regularly then they will have a hard time withdrawing their funds
2) If you do not make enough isk trading to pay interest payments for several months I think it unlikely that you will give them the interest payments unless you can make a huge amount of isk in the month following to cover the expenses from the months before.



I meant active only in the sense of updating orders and getting new ones moved. I'm allways at a PC. The only time I'm not able to anything account wise would be when I'm sleeping.

★ Illegal Investments ★ Banking ★
Illegal Spokeswoman
Doomheim
#32 - 2015-08-18 14:44:57 UTC
Hyperspatia Lee
Memory Den
#33 - 2015-08-18 15:05:22 UTC
Why are these investments illegal?
Illegal Spokeswoman
Doomheim
#34 - 2015-08-18 15:28:44 UTC
Hyperspatia Lee wrote:
Why are these investments illegal?


They arn't It was just the name that I decided to use for the corporation and my trading alts.

★ Illegal Investments ★ Banking ★
Koniforous
Tauren Transit
#35 - 2015-08-18 15:59:32 UTC
I would like to try this out. I can send 500mil tonight after work.

TAUTX: Private Bank & Lending

TAUTX: Collateral Liquidation / Discount Items
Amarr Citizen 155
Nordar Innovations.
#36 - 2015-08-18 16:59:37 UTC
You know, I've always felt like the one thing that could make Eve better was a bank.
Elizabeth Norn
Nornir Research
Nornir Empire
#37 - 2015-08-18 17:08:29 UTC
Amarr Citizen 155 wrote:
You know, I've always felt like the one thing that could make Eve better was a bank.


Illegal Spokeswoman wrote:

Also remember that this isn't a l̶o̶a̶n̶ bank per say.
It's just a way for people to make a return on their isk while I am able to spend more isk on trading.

Free 3rd party services

Buddy link w/ bonus 250k SP, you keep the whole PLEX upon subscribing
Illegal Spokeswoman
Doomheim
#38 - 2015-08-18 17:57:12 UTC  |  Edited by: Illegal Spokeswoman
Koniforous wrote:
I would like to try this out. I can send 500mil tonight after work.


I'm available in the Chat Channel: Illegal Investments or through Illegal Clone 001 if you want to speak ingame. Otherwise follow the instructions in the OP for making deposits.

Thank you for your confidence.

★ Illegal Investments ★ Banking ★
Koniforous
Tauren Transit
#39 - 2015-08-19 05:59:26 UTC
Illegal Spokeswoman
Doomheim
#40 - 2015-08-19 08:16:40 UTC  |  Edited by: Illegal Spokeswoman
Koniforous wrote:
500mil sent.


Added your Account

★ Illegal Investments ★ Banking ★