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1B Loan request at 12% [COMPLETED - Loan repaid on 20/06/2015]

Author
KUMAR OK
Perkone
Caldari State
#21 - 2015-05-21 14:48:40 UTC
Elizabeth Norn wrote:
Pator Aumer wrote:
KUMAR OK wrote:
Jonathan has unfortunately not replied, but it seems Pator kindly will be covering the full loan. I have sent confirmation, and am ready for the loan to start from 20th of May.


Loan amount has been sent 1B.
150M to cover the evemogul membership has been provided as a gift.


I would also like a loan where you gift me more ISK than the interest I said I will pay Lol.


To be completely honest. While I do appreciate it (and I have to say I like mogul and its profit reports) I don't 100% understand why Pator was so adamant on getting that paid on good will, and I offered to look at different solutions.

This has added a new goal to my loan though, to make sure I make Pator proud (eyes on my statistics now Shocked) and make it profitable for him as well. Whether that means extending the loan or in some other way, I'm not sure yet.

GankYou that definitely was an interesting read, but I'm now looking to be a trillionaire, not a billionaire P.

Just as an update, Pator has been linked the report and the loan has officially started. Looks like my profit on my first day could be up to a 100% increase as to normal, scaling up is a fun experience. Will keep this up to date now and then.
KUMAR OK
Perkone
Caldari State
#22 - 2015-05-27 21:12:01 UTC
First week for investment will soon be over. Was a good learning experience for me!

Earned between 1b and 1.1b in the last 7 days in over 1000 transactions, so has been very successful for me. Here is a screenshot of my jEveassets tracker: http://i.imgur.com/l9ohT87.png

You can see just before/after I received investment to see how what impact that had on me. We'll see how the next 3 weeks go, I hope just as if not more profitable!
GankYou
9B30FF Labs
#23 - 2015-05-28 00:07:53 UTC  |  Edited by: GankYou
Custom edit valuations are indeed great. Smile
Pator Aumer
Vast Industries Inc
#24 - 2015-05-28 07:22:50 UTC
Looking good!. Keep up the good work, do you choose items based on their movement volume & margin?.
KUMAR OK
Perkone
Caldari State
#25 - 2015-05-28 11:24:38 UTC
GankYou wrote:
Custom edit valuations are indeed great. Smile


I'll send you a link to my Eve-Mogul which will show the same when downtime is over, but I have indeed edited and removed some values in the jEveAssets as they unfortunately show incorrectly sometimes after updating, not sure why that happens yet but others in scc-lounge seem to have similar issues, I like to keep my tracker correct as per my actual sell/buy orders assets and wallet away from hoping it pulls correctly.

Pator Aumer wrote:
Looking good!. Keep up the good work, do you choose items based on their movement volume & margin?.


Thanks! Choosing items is difficult, I would like to say yes, but reality is just about every detail in regards to an item helps in the choice of trading in it yes or no for me personally. It's not like I have some calculation on movement and margin to see if it's worth it for me, the largest profits this week have come in from strange opportunities.

Just as an example for the above strange opportunity, but I have had similar experienced with other items is the meta 4 web. I had quite a few of those bought up and the prices were going up, up to a total of of 5,9m per 1 meta 4 web. It looked like someone had bought them all up and started relisting (I hadn't seen this before and it was funny to see the effect) them.

I made quite a fair bit of money on this, however I was very surprised just how quickly prices went back to normal. I actually can't see how the person who did this made more money than myself, and isn't stuck with a bunch of meta 4 webs bought from sell orders.

Either way I've realised more that Dodixie is a little bit strange sometimes, and I have actually increased my station trading and this is where most profits are still coming from, Dodixie being strange seems to play in my favour, but overall I think diversifying is most effective. I am trading in just about everything from cheap items high volume high margins (yes they exist) to expensive items low volume with low margins, just keep transactions going and profits coming in.
GankYou
9B30FF Labs
#26 - 2015-05-29 05:13:27 UTC
The jEveAssets tracks everything perfectly, you just have to input values for commodities like Faction/Pirate BPCs yourself. Values that you bought them for, and preferably, the going price if it changes. Blink
KUMAR OK
Perkone
Caldari State
#27 - 2015-05-29 10:27:18 UTC
Unfortunately not always, same for me as several others I have spoken to it is not always correct. I'll be updating and it's missing 300m from buy orders for example. At first I thought it wasn't able to see 'newer' items, but it is and I haven't been able to figure out exactly what it is. Updating more than once per day seems to be a way to go around the odd wrong update. But I haven't been too worried about it since having Eve-Mogul.

Also I don't trade in BPC's.
GankYou
9B30FF Labs
#28 - 2015-05-29 11:12:07 UTC
To include Buy orders, you have to tick 'Include market buy orders' in Settings under Tool/Assets.

However, I did have several BPCs not appear at all in the Assets until after a second update. Smile
KUMAR OK
Perkone
Caldari State
#29 - 2015-05-29 11:34:34 UTC
Thanks I have done that, but I don't think it's related. Sometimes it shows correctly, other times it doesn't. Another user I've spoken to who says has the same issue seems to think it is because it misses/drops or cuts off the data incomplete while updating.

I just done an update and everything was correct however.
GankYou
9B30FF Labs
#30 - 2015-05-29 11:44:49 UTC
Just discovered: BPOs in containers are not recognised as such and are valued at 0. Smile

Curious.
KUMAR OK
Perkone
Caldari State
#31 - 2015-06-04 13:25:39 UTC
Second week for investment is over.

Earned just under 600m in the last 7 days, quite a bit less than last week but it was a very busy week for me with a few days of no trading. Here is a screenshot of my jEveassets tracker: http://i.imgur.com/3eoMG7d.png

A total of 105 items traded in since the investment, and just over 500 transactions this week. A total profit of 1.6-1.7b so far. I will be happy to reach 3B profit for the full investment.
KUMAR OK
Perkone
Caldari State
#32 - 2015-06-20 15:46:55 UTC  |  Edited by: KUMAR OK
So, the loan is finally over. Apologies for no update over the last two weeks, it's been an extremely busy time for me. I have learned a LOT over the time of this loan, considering I was(and still am) pretty new to trading.

1 Billion has been repaid as for the original loan
120 Million has been paid as interest on the original loan
150 Million has been paid as a gesture of good will, which was to pay back for the eve-mogul subscription.

First of all, it was a great success. I didn't know I could make the profits I did, and 0.01 isking really does work. Second of all, other people suck, many of my great profitable items to trade in simply vanished into the abyss. Meaning people absolutely destroy profits, something I didn't care for at first and I was similar, just put your items on the market to sell, not to make the most amount of profit. These people hurt.

Finding new items to trade in is crucial, and items that were previously not worth trading, might now be worth trading. On average I have been trading in around 100 different items.

I now have a small fortune to play with, and came out just under my goal of 3B for the month. I don't want to extend the loan, as I actually had the cash to repay the above for the past week sitting and doing nothing. I have to realign on everything, find different methods and scale up. Right now extending the loan wouldn't benefit me.

If anyone who reads this, and wants to go from 100m to billions, don't hesitate to get in contact I wouldn't mind a little trading channel. I can give info and help, but you won't get my items Blink.

Also a quick shout out to Pator, who trusted in me, did the full loan on very limited information and gave me extra ontop of the loan to introduce me to Eve-Mogul. I loved certain functions of eve-mogul, but I won't continue using it. Thanks again Pator!
Cista2
EVE Museum
#33 - 2015-06-20 16:56:21 UTC  |  Edited by: Cista2
Grats, and nice to see a succes on this board :)

KUMAR OK wrote:
These people hurt.
Hate to point it out, but that is in fact why we do it. It is a competition, not a dinner party :)
Slow traders act to make it unprofitable for the daytraders. We usually make more profit that way (not that every slowtrader is succesful all the time lol).

My channel: "Signatures" -

Pator Aumer
Vast Industries Inc
#34 - 2015-06-21 08:18:07 UTC
Confirming all ISK receieved. 1B, 120M and 150M.

KUMAR OK has kept me up to date during the loan duration with regular updates.
Good luck with your future plans.
KUMAR OK
Perkone
Caldari State
#35 - 2015-06-23 16:33:12 UTC
Cista2 wrote:
] Hate to point it out, but that is in fact why we do it. It is a competition, not a dinner party :)
Slow traders act to make it unprofitable for the daytraders. We usually make more profit that way (not that every slowtrader is succesful all the time lol).


I didn't think these people were traders, that puts it into a little bit of a different perspective.

Thanks for confirming Pator, was a pleasure doing business with you. Smile
Lan Wang
Federal Navy Academy
Gallente Federation
#36 - 2015-06-23 18:46:50 UTC
this thread makes me smile Big smile

Domination Nephilim - Angel Cartel

Calm down miner. As you pointed out, people think they can get away with stuff they would not in rl... Like for example illegal mining... - Ima Wreckyou*

Jeronica
The Terrifying League Of Dog Fort
Deepwater Hooligans
#37 - 2015-06-24 02:40:56 UTC
GankYou wrote:
Elizabeth Norn wrote:
Pator Aumer wrote:
KUMAR OK wrote:
Jonathan has unfortunately not replied, but it seems Pator kindly will be covering the full loan. I have sent confirmation, and am ready for the loan to start from 20th of May.


Loan amount has been sent 1B.
150M to cover the evemogul membership has been provided as a gift.


I would also like a loan where you gift me more ISK than the interest I said I will pay Lol.


The debtor can now, in good faith, forfeit the interest payment, as the creditor is not look to make money at all.

Next on the line would to return, or not to return the principal amount. Though repaying the loan back in full, along with interest, opens up the door for Would like give pledge uncollateralised 40b.

One then has to decide at which point - 20, 40, 80bn - one should abscond with the space monies.

https://forums.eveonline.com/default.aspx?g=posts&t=202157

Classic scenario.


I'll pledge to that

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