King Awesomolocity
Jace Quin
King Awesomolocity
Jace Quin
King Awesomolocity
I actually had enough Gaia cash to buy a bundle, so I got that, and I plan to buy another when the price lowers.
I don't mind long term, especially since I don't plan on going below 2.5 million pure when I invest. (I still plan to exchange / vend, since I don't wanna put all my gold into hoarding, and hoarding will take longer to get a return)
Next goal for me: over 5 million. (I'm almost at 4, so I'm skipping that as a goal. xD)
~King Awesome
That's a reasonable plan. How well do you do with vending/exchanging? What do you you like to buy and sell?
Well previously, I would vend mostly. (Mostly by buying things that were sold for cheaper than what it should be sold at, and selling it for higher) Though, I wouldn't buy it if I wouldn't make 20k profit on it, and if the item sold less than 5 a day.
Usually I made about...60k a week.
But, then I learned about exchanging, and I find I do better with that. Obviously, I jump on good deals, but another thing I do is look for threads that have 0-4 replies, and see if I can get a good deal. For example, yesterday I bought an SDPlus #87 for 1.2 million. Sold it for 1.37 million. (I would have sold it for higher, but I think SDPlus dolls are hard to sell, so I had to undercut). That was a good 140k profit. xD (Usually I don't get that lucky), but I can probably make 40-60k a day when I actually try for more than 15 minutes. xP
And I like to buy and sell anything I know I can make a profit on. Personally, I'd probably prefer to vend / exchange more than hoard right now, because I like to have a near constant income. And I don't think I could rely on hoarding for a near constant income currently. I'd need a lot more for that. (Another reason why I want to invest in a tank; it's nice to get 150k+ per day without much work)
~King Awesome
I'm pretty much constantly working on selling some kind of hoard and buying other things. I'm slowly working toward not really doing anything else. I'm getting there but I'm not there yet. I still vend and exchange. I mostly make threads in the wanted and buy stuff rather than going into threads in the exchange. Though if I have something worth multi-millions and/or is hard to sell I'll make a selling/buying thread in the main exchange forum. I can make millions in a day if I work at it but I also have millions to work with.
Ah. xP
Well, I mean, I'm still stalking the birthstones to buy, and I'll be stalking the Reveries soon, but I still like to be making money, which buying doesn't do for me, and since this will basically be my first actual hoarding experience, I have nothing to sell. xP
I probably couldn't make that much in a day right now, without major effort, but I aim for at least 50k a day. (Preferably 100k, but it depends on how much time I want to spend in the exchange)
Just as long as I keep getting gold each day, I don't mind, really.
~King Awesome
I've been hoarding since spring of 2008 so I always have stuff to sell. Though I recently sold a large number of items I've literally been holding onto for years. It was fantastic to see the price of Town Flags up at 10k each during the Rejected Olympics (since I bought them for about 25g each and I had 3,000 of them).
That's a good philosophy. That's what I tell a lot of people who 'don't like to' vend/exchange. That you just have to do it a little while each day because the money you earn will add up.
Although, I find that position hard to understand because I really enjoy vending/exchanging/hoarding. Otherwise I wouldn't do it since there's nothing left that I really want to buy. I have been vaguely considering taking out a small loan basically to raise my credit score (although the idea of owing anybody any makes me cringe and thus is the reason I have no credit to my name but I think I could handle it if it was for a purpose) so I could potentially day trade or something like that.
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