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Investing Elite

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A guild of professional Gaian Investors and Exchangers who offer advice on making gold. 

Tags: Gold, Economics, Investing, Market 

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Should I bail on this item for a loss?

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PostPosted: Mon Dec 17, 2012 6:44 pm


If you check out my store, you'll see that I'm selling a ZONY MP3 Player. I bought it a few days ago for 190k, according to my spreadsheet. I had it listed for 220k to try to make a 10-15k profit off of it (2% tax on 200k is around 5k). First question: do you guys think vending for 15-30k is worth it? That's normally what most of my vends are, so money is rolling in kind of slow. Also, I only have 1.3m of base money to work with, so I normally can't do high-profile vends.

Main question, though: Should I bail on this MP3 player and sell it for like 160k and take a bit of a loss on it? Or do you think the market will fluctuate again and I'll be able to sell for 220k?

Thanks guys.
PostPosted: Thu Dec 20, 2012 4:53 am


it would be a while before you get 220k for that, that item does not sell very much I'd dump it before you lose anymore. With items like that I always figure the price will go to the ABP since it does most of the time mainly when the lowest price is way above.

xzjakezx

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PostPosted: Thu Dec 20, 2012 9:29 am


To answer your first question yes:
Typically you want to keep your store full with items at all times.
And For Items around
100k 10-15k profit
200k 15-25k profit
300k 25-30k profit
ext...
(make sure to add in taxes as well)
Once you build funds it gets easier to buy higher profile items and gain more profit at a faster rate. But like i said keep you store stocked/FULL so money rolls in at a constant rate.

For you main question:
By the looks of the graph it's a hard to sell item that has a average of around 100k. The fluxes are very rare and short term. So yes, take the loss, I don't see you getting your money back/profiting anytime soon.
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Investing Elite

 
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