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Bumble's Loan - Completed and Repaid

Author
Bumblefck
Kerensky Initiatives
#1 - 2015-09-09 16:08:00 UTC  |  Edited by: Bumblefck
Hello everybody,



This is a change for me as I - in the past - usually only dipped into MD to do a little light trolling and get a little brainfood. Now that I have returned to EVE after a three year hiatus, I have been pondering what to do with myself. I think I might have come up with a little project, but I would need a bit of help.

Since 2008, I've been bumbling (get it) around, doing a bit of this and that and due to a RL interruption, I had a bit of an extended break. Coming back, however, has given me a fresh perspective on things and, after some experimentation and a lot of spreadsheeting (I do like that gerund), I think what I'd like to try is a bit of interhub trading. Having done some travelling and research, I now have a basket of items that I believe would move in reasonable volume with a good margin - specifically, a couple of low sec centres that have a fair amount of traffic.

Proposal: When I resubscribed, I used what little liquid ISK I had remaining to buy two PLEXes, to keep me online for the next couple of months. That, unfortunately, has nearly cleaned me out. I am therefore looking for about 2bn to kickstart things.

I am going to give this project a month and see how it goes from there. I'd be happy to offer 10% in exchange for your assistance, to be paid at the end of the month along with the principal.

Collateral: none. I don't know what to suggest at this point, as apart from random garbage throughout New Eden, I don't really have anything else of note. vOv

Risks: Oh, plenty! So many I don't even know where to begin, not least the lack of collateral and the fact that this is my first time doing something like this (on a major scale). Yes, I could very easily run off with the money, and in fact many of you are probably thinking that very same thing (if you're not a fan of my postings elsewhere on the forums). However, all I can really offer is my word, and the fact that this idea of mine has really piqued my interest and I am committed to guiding and building this project. You might also suspect that this is a rep grinding activity, leading to larger loans (with an eventual theft) in the future. Again, if you believe that, there's not much I can do to disabuse you of that notion, but I am interested in seeing if the research that I've put into the framework of this would work. Hopefully, after this, I will be able to take things forward on my own, without external assistance.

I might be a (mediocrely) good troll, but I'm not really a 'grab the money and run' individual - it wouldn't sit well with me if I were to abscond. I wouldn't be abashed in reporting failure, but not outright theft. Of course, you don't know me from Adam, and there's literally nothing stopping me from doing that should I be successful, but I wouldn't. My moustache is honourable.

I could also be hit by a bus and incapacitated in a thousand other ways, which might put a scupper on things. If I am successful eliciting a loan from (a) kindly individual(s), I would give my wife a sealed envelope with my login details and instructions on disbursements to investors, though I imagine she'll be weeping as she does it because she'll be distraught (I am loveable in RL). Which brings me nicely to...

Exit strategy: Ok, honestly speaking, I'm not expecting to fail hard with this one, but anything's possible. If, after three weeks, things look like they're headed south, I'll take the only exit that I know how, and whip out my credit card and buy a couple of PLEX. I'll sell these and return the money to investors.

I could conceivably take this route from the get-go (ISK through PLEX), but it's a little bit immersion breaking for me, as I would like to see if I personally am capable of conducting a project like this. I'm sure those traders among you know that feeling...

Anyway, I am quite prepared to see this shot down in a million pieces here, but that's naturally fair enough. Happy to try and answer any concerns and/or questions you might have. In closing - yes, I am a risk (most of all to myself), but I would really like to try and strike out in this bold (for me) new direction.

Thanks for your time!



Investors:

Nouva MacGyver 1bn
goodlady Smith 1bn (awaiting funds)



2.2bn to be paid out on October 9th. Let's go go go!


e: errata corrected and thread title changed

Perfection is a dish best served like wasabi .

Bumble's Space Log

goodlady Smith
TheCrazy88s
#2 - 2015-09-09 19:09:02 UTC
To confirm its 2B @ 10% for 1 month or is it ongoing?

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

Bumblefck
Kerensky Initiatives
#3 - 2015-09-09 19:44:41 UTC  |  Edited by: Bumblefck
To confirm, for 1 month


e:To clarify, I just want things to be squared at the end of the month one way or the other; if it's a roaring success (which I very much hope!) it would be nice to renegotiate

Perfection is a dish best served like wasabi .

Bumble's Space Log

goodlady Smith
TheCrazy88s
#4 - 2015-09-09 20:00:42 UTC
Well I always find it hard to pass on a post that has an exit strategy and some of my investors cut me a break recently so I'm in for the tune of 1B will try and get you the isk within 24 hours

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

Bumblefck
Kerensky Initiatives
#5 - 2015-09-09 20:07:33 UTC  |  Edited by: Bumblefck
Ty goodlady, I hope your faith in my venture is well-placed - I appreciate it :)

Will post confirmation of ISK receipt and add your name to OP



e: I just saw your corporation and alliance name...I wonder where you got your affection for exit strategies from... Big smile

Perfection is a dish best served like wasabi .

Bumble's Space Log

Nouva MacGyver
Jedrzejczyk Integrated Capital
Minerva Exalt Holdings
#6 - 2015-09-09 20:36:58 UTC
Came back from a 3 year hiatus myself recently. Welcome back! I'll pledge the other remaining billion. Who do I send ISK to?
Bumblefck
Kerensky Initiatives
#7 - 2015-09-09 20:38:43 UTC
Thank you! Glad to see there are other returnees!

Sorry, I should've said - ISK to Bumblefck, please :)

Perfection is a dish best served like wasabi .

Bumble's Space Log

Bumblefck
Kerensky Initiatives
#8 - 2015-09-09 20:50:45 UTC
Confirming 1bn ISK from Nouva MacGyver - will amend OP with your name. Many thanks! :)

Perfection is a dish best served like wasabi .

Bumble's Space Log

Nouva MacGyver
Jedrzejczyk Integrated Capital
Minerva Exalt Holdings
#9 - 2015-09-09 20:51:02 UTC
ISK sent. Best of luck with your endeavour!
Bumblefck
Kerensky Initiatives
#10 - 2015-09-09 20:52:43 UTC
ta!

Perfection is a dish best served like wasabi .

Bumble's Space Log

goodlady Smith
TheCrazy88s
#11 - 2015-09-10 08:23:53 UTC
Isk transferred

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

Bumblefck
Kerensky Initiatives
#12 - 2015-09-10 10:42:59 UTC
goodlady Smith wrote:
Isk transferred



ISK received, thank you goodlady! Let's get to work!



I'll update things if anything particularly interesting happens Big smile

Perfection is a dish best served like wasabi .

Bumble's Space Log

Bumblefck
Kerensky Initiatives
#13 - 2015-09-14 21:59:02 UTC
Update, 14th September, 2015


I must admit that when I first embarked on this project, I was feeling a bit apprehensive. I had done a little bit of trading before, and the thought of updating dozens of orders on a regular basis filled me with some dread...however, now that I'm a week or so into things, it's not actually all that bad.


Firstly, I'm well aware that what I'm fiddling about with here is just a mere drop in the ocean compared to some of the other posters here. Having said that, though, I think - given that I'm fairly new at this and I'm not in Jita (thank God!) - I'm not doing too badly! I have a daily turnover of about 200m, with profit between 30-60m (I'm going to compile a spreadsheet when I have time to formalise my findings - at the moment, I just have a pencil and paper Big smile).

Anyway, things are moving in the right direction and so fingers crossed they continue to do so. This is my own little pet and, like any good Pokémon (my browser has an autocorrect entry for the accent over the 'e' in 'Pokémon', but it can't correct 'hte'? WTF?) owner, I'm feeding it organic Pikachus and chocolate covered almonds, and it's getting bigger and bigger.

This is quite exciting!

Perfection is a dish best served like wasabi .

Bumble's Space Log

Pridit
Private Ventures
#14 - 2015-09-14 22:08:02 UTC
Congratulations, it's always good to hear that a fellow trader is having success. I would absolutely recommend Jita if you have the time and patience for it, orders do need to be updated quite frequently but the payoff is very rewarding. It's not at all as intimidating as you may think, you'll absolutely find stiff competition in a number of items especially the low value high quantity type but otherwise it's not so bad.
goodlady Smith
TheCrazy88s
#15 - 2015-09-14 22:51:32 UTC
Nice one 30M - 60M a day over a month is 900mil - 1.8B = plex shiney ships or doubling the work for next month then double again etc Cool

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

Nouva MacGyver
Jedrzejczyk Integrated Capital
Minerva Exalt Holdings
#16 - 2015-09-15 06:21:14 UTC
Sounds good and seems like you are on a healthy pace! Keep it up! Here is to wishing you don't accidentally wipe out profits on a big singular mistake and the account goes south (I've been on the receiving end of quite a number of said mistakes from seemingly newer-ish traders this past week or so).
Bumblefck
Kerensky Initiatives
#17 - 2015-09-25 20:01:23 UTC
Things have been going at a great shake and I have repaid the investors early! Thank you all!


As I mentioned in a mail to the investors, I have had a simply brilliant time and hope to continue things - which might mean a more formalised bond issue in the near future! Keep your eyes peeled :)

Perfection is a dish best served like wasabi .

Bumble's Space Log

Nouva MacGyver
Jedrzejczyk Integrated Capital
Minerva Exalt Holdings
#18 - 2015-09-25 21:00:21 UTC
Confirming receipt of investment + interest. Thanks Bumble and hope you had fun! Shall look forward to another offering from you at any moment. Cheers!
goodlady Smith
TheCrazy88s
#19 - 2015-09-26 09:51:43 UTC
Isk received thanks was good doing business

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