King Awesomolocity
Oh yeah, another question...do you consider buying MC letters on the 12th, and then reselling on the 15th to be a form of hoarding? I mean, I'd consider that and advance chances to be...super short-term hoarding, just because you are holding onto it for an extended period of time, but you're profiting quicker.
Either way, I've found that I like the short term hoards, because I'm always busy buying, and then almost right after I'm done buying, it's like I'm selling again. I have little downtime, which means less time wondering what the prices are, less time worrying, etc.
I find short term hoards to be my favorite. Which is actually why I wanted to look into REIs, though...they are apparently risky.
But the issue that I have is...I know that longer hoarding is probably better for me, the profit percentage becomes greater.
~King Awesome
It does fit the definition, yes. Though old school hoarders might argue differently.
REIs are very risky but can be just as profitable as they are risky if you do it right and also maybe get lucky.
Not... necessarily. I mean, yes you will get a greater return on investment. But that is not the only factor at stake. Because hoarding takes time both in terms of waiting and buying/selling time you have to factor in time spent. If you spend a million gold on a hoard that earns 100% profit in six months then in six months you'll have two million gold for maybe six hours of buying/selling time. But if you spend a million gold on a hoard that matures in three months and gains 50% profit in three months you'll have 1.5M gold and in six months you'll have 2.25M. But your buying and selling time doubles. But in order to get that same 125% return on the six month one you'll have to wait at least two more months by which point it could have become twice as hard to sell. So. It depends on the item and on what is worth more to you.
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