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An Open-ended, collateral free Loan
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Divine Entervention
Doomheim
#1 - 2014-02-12 00:11:35 UTC
Hello,
noob here. I'm really enjoying my time flying around between systems picking up lows and taking them to highs.

Thing is, after 2 weeks of playing, I still only have a little less than 50 million.

Now I know what you're thinking:

alt spy fake scammer.

Now I'm sorry ton's of dudes have gone before me making this same plea, but I kind of have some proof, albeit non-defacto, what I think should be convincing upon analysis.

twitch.tv/divineinterventionmlg

I have multiple play sessions ranging from 3-12 hour mini-thons of eve playing/trading hauling.

skipping around you can tell I'm fairly active, way too active to be pulling in the peanuts I'm currently getting.


I've seen first hand that money makes money. I've been starting with none, and have at some points had some rather unenjoyable ship explosions setting me back. So this is a request.

Help me out? If I can get a bit of capital, which I'm going to get eventually but it'll just take alot of time, then I can start making the more expensive, profitable trades.

If you have any questions, feel free to ask me here or in my chat.
Taesith
#2 - 2014-02-12 01:50:46 UTC
Oooo collateral free loan, that almost as awesome as spaceship free eve!
Divine Entervention
Doomheim
#3 - 2014-02-12 01:52:11 UTC
Just now it was demonstrated on strea if I had 151 million isk, carrying goods 26 jumps would've netted me just over 10million total profit, after taxes.

Because I only had 45 million, the profit I was able to make was reduced to 2.5million after taxes in that same amount of time.

Due to a hard money cap, earning potential was decreased by 300%.
Adunh Slavy
#4 - 2014-02-12 02:32:49 UTC
Convince CCP to allow anyone with some large number of ISK, create more ISK at a 10:1 reserve ratio, and I'll be happy to give you a loan. at only 10% risk to myself, just like the real world.

Necessity is the plea for every infringement of human freedom. It is the argument of tyrants; it is the creed of slaves.  - William Pitt
Divine Entervention
Doomheim
#5 - 2014-02-12 04:37:57 UTC
Adunh Slavy wrote:
Convince CCP to allow anyone with some large number of ISK, create more ISK at a 10:1 reserve ratio, and I'll be happy to give you a loan. at only 10% risk to myself, just like the real world.


I liked your post so you'd have 1337 likes

you're now 1337
Raano Thorson
Full Armor of God
#6 - 2014-02-12 06:44:46 UTC
Divine Entervention wrote:
Just now it was demonstrated on strea if I had 151 million isk, carrying goods 26 jumps would've netted me just over 10million total profit, after taxes.

Because I only had 45 million, the profit I was able to make was reduced to 2.5million after taxes in that same amount of time.

Due to a hard money cap, earning potential was decreased by 300%.


Math problem on my end. Maybe I'm just too stupid to follow but you had 1/3rd of what you needed to make a full trade so you were reduced to making 1/4 of the profit? Did you drop something on the way?

Aside from my confusion, nice work on making a decent piece. The extended jumping sucks but if you are making less than that missioning then more power to ya! I too started quite small in capital and slowly slowly increased it till I had to reach out for a loan. I was able to do so with collateral on some of the loan and none for the remainder.

Keep finding those trades and record your success. Show your gains over a period to improve your confidence and the confidence of others in you.

Once you have a good stream of income try out eve-mogul to track your profits. It lets others see how you are doing as well, which can influence getting a loan. Albiet, the loan may still need some collateral. I hated having to do collateral, but it has paid off. I'm only in the first couple weeks of having a loan but doing great with it!

Good luck. Keep it rolling in!
Piter Presley
Silent Nomads
Nomads - Reloaded
#7 - 2014-02-12 11:39:11 UTC
So how much do you need? What interest rate are you going for?

Would you be willing to share an API key with your investors?

Would you be willing to set up a Eve-Profit account, so that we can at least monitor your trading success?
Rainbow Dash
The Scope
Gallente Federation
#8 - 2014-02-12 15:45:35 UTC
I'd consider lending you 50m at 10% interest, but you have to provide me with a full API key first.
Qalix
Long Jump.
#9 - 2014-02-12 16:00:22 UTC
Best MD thread title in a long time.
Batelle
Federal Navy Academy
#10 - 2014-02-12 18:08:11 UTC
I think you should fill this loan yourself. Sell Plex, make money, and give yourself a 100% return on your investment by purchasing two plex with your profits at some unspecified later date.

"**CCP is changing policy, and has asked that we discontinue the bonus credit program after November 7th. So until then, enjoy a super-bonus of 1B Blink Credit for each 60-day GTC you buy!"**

Never forget.
Divine Entervention
Doomheim
#11 - 2014-02-12 19:52:12 UTC
Thanks for your willingness to help, but I've taken on 70mil in debt, to pay back 85million in total.

I don't want to overwhelm myself, so I'll not be requesting/accepting further loans.

Again, thanks for your interest.
Batelle
Federal Navy Academy
#12 - 2014-02-12 22:09:11 UTC
you should have the guy who loaned you money post here once its returned so people will be more willing to lend to you in the future.

"**CCP is changing policy, and has asked that we discontinue the bonus credit program after November 7th. So until then, enjoy a super-bonus of 1B Blink Credit for each 60-day GTC you buy!"**

Never forget.