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 Posted: Sun Nov 07, 2010 1:59 pm
So, I'm fairly new to this investing thing, and I have a lot to learn. I started out in an attempt to get nitemare minis (which was successful, with a lot of help from my friends) and even though I don't want anything else nearly as expensive, it's nice to be making a profit. I currently make most of my gold by vending, generally making a few k profit on each sale. I also occasionally booty grab, though both of these activities require a faster internet connection that I usually have. I'm too intimidated to try the exchange just yet, but I think I understand how it works.
What I'm most confused about is hoarding. I don't understand why it's considered the best way to make gold. Logically, wouldn't it be better to hoard a wide variety of items rather than a bunch of just one? That way, if one item fails to be a good investment, the rest will make up for it? It just seems like a safer investment, and I'm only interested in low risk investments, even if they're slower and make less profit. So far, whenever I can't resell an item I've bought on the MP fairly quickly, I just chuck it in my storage locker if I think it has a good chance of inflating over time. The closest thing I have to a true hoard is 3 June 2006 letters, but I have almost 20 letters/MCs overall.
However, I figure there must be something to this hoard thing if everyone is doing it, so I'm just trying to learn. Does anyone have any good investment tips for someone with about 1.7mil who is interested in low risk investments? Thanks in advance to anyone who replies.
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Posted: Sun Nov 07, 2010 2:44 pm
You have the right ideas actually but I think your confusion lies in how much of each item you should be investing in. It is correct to assume that you want to diversify your hoards but you only diversify as you accumulate more gold. Example would be that you dump 3 mill into Nitemare sashes 4mill into Scarlet Roses and 10mill into RIGs. When you're first starting out it's best to avoid diversifying your hoards so much that you're barely making a profit. Part of the profit from investing in one item comes from investing in one item. --if that makes any sense. sweatdrop
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Posted: Sun Nov 07, 2010 4:36 pm
Cryptex XIII You have the right ideas actually but I think your confusion lies in how much of each item you should be investing in. It is correct to assume that you want to diversify your hoards but you only diversify as you accumulate more gold. Example would be that you dump 3 mill into Nitemare sashes 4mill into Scarlet Roses and 10mill into RIGs. When you're first starting out it's best to avoid diversifying your hoards so much that you're barely making a profit. Part of the profit from investing in one item comes from investing in one item. --if that makes any sense. sweatdrop I think I might understand what you're trying to say. You just start out with one hoard since you don't have enough gold to buy multiple hoards. Then when you sell it, it's pure profit since you aren't in the process of building multiple hoards. But when you do have enough, multiple hoards are a good idea because you'll be making large profits in a staggered timeline. Like, you sell each hoard at it's peak time? That's another thing I have a problem with: knowing when to sell. Some of the items I have in storage are quite valuable. Others aren't, but they're still technically worth a lot more than what I payed for them (event items, mostly). I just can't bring myself to sell them. Even though I know I'll be making a decent profit, I keep thinking about how much more they'll be worth if I keep waiting. The only thing that motivates me to sell them is questing for something big. Am I just a poor candidate for investing? whee Anyway, my 1.7mil just dropped to 400k cuz I bought 3 letters from a friend. Looks like it's time to vend again!
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Posted: Mon Nov 08, 2010 8:38 am
Katane Cryptex XIII You have the right ideas actually but I think your confusion lies in how much of each item you should be investing in. It is correct to assume that you want to diversify your hoards but you only diversify as you accumulate more gold. Example would be that you dump 3 mill into Nitemare sashes 4mill into Scarlet Roses and 10mill into RIGs. When you're first starting out it's best to avoid diversifying your hoards so much that you're barely making a profit. Part of the profit from investing in one item comes from investing in one item. --if that makes any sense. sweatdrop I think I might understand what you're trying to say. You just start out with one hoard since you don't have enough gold to buy multiple hoards. Then when you sell it, it's pure profit since you aren't in the process of building multiple hoards. But when you do have enough, multiple hoards are a good idea because you'll be making large profits in a staggered timeline. Like, you sell each hoard at it's peak time? That's another thing I have a problem with: knowing when to sell. Some of the items I have in storage are quite valuable. Others aren't, but they're still technically worth a lot more than what I payed for them (event items, mostly). I just can't bring myself to sell them. Even though I know I'll be making a decent profit, I keep thinking about how much more they'll be worth if I keep waiting. The only thing that motivates me to sell them is questing for something big. Am I just a poor candidate for investing? whee Anyway, my 1.7mil just dropped to 400k cuz I bought 3 letters from a friend. Looks like it's time to vend again! this doesnt make you a poor candidate for investing, it just means you have the ability to NOT sell an item. unfortunately you probably also cant sell an item when you need to. usually low-risk investments are pretty easy to gauge when to sell an item. for example, nitemare sash would have normally been sold in halloween time, let it snow would be winter, etc. you just sell when its at its peak. halloween and winter would definitely be the peak for these items. its also a good idea to read graphs to find out the price trend of the item and how much are sold when. i hope this helps a little sweatdrop
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Posted: Mon Nov 08, 2010 12:53 pm
miimix02 this doesnt make you a poor candidate for investing, it just means you have the ability to NOT sell an item. unfortunately you probably also cant sell an item when you need to. usually low-risk investments are pretty easy to gauge when to sell an item. for example, nitemare sash would have normally been sold in halloween time, let it snow would be winter, etc. you just sell when its at its peak. halloween and winter would definitely be the peak for these items. its also a good idea to read graphs to find out the price trend of the item and how much are sold when. i hope this helps a little sweatdrop Yeah. I guess I should be studying the graphs more.
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Posted: Mon Nov 08, 2010 1:37 pm
I think that once you get the hang of hoarding and using the Exchange, it gets easier to handle. I use to be intimidated by the Exchange and rarely visited it in the past. Since I took up hoarding, I sorta had to be use the Exchange alot to pick up good deals in bulk and learned my way around it. Although Im not hoarding much at the moment, Im there practically everyday picking up some good deals.
It is a little tough to begin, but once you get started, it gets easier. You just gotta remain committed. smile
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Posted: Tue Nov 09, 2010 7:40 am
Katane Logically, wouldn't it be better to hoard a wide variety of items rather than a bunch of just one? Is it better to invest in one of every single item in the Marketplace or dump a ton of gold into the item that'll rise the most?
Hoarding isn't gambling; you don't just pick up a few items and blindly hope they'll do well. You do your research, find out which items are the best investments for you and you buy a bunch of that item hoping it'll do what you expect it to do. It's important to diversify if you're taking some risk, but it's also important that you don't diversify so much that you end up compromising profit.
If you're having trouble selling your investments, get a mule. When you buy an investment, you have to make it crystal clear to yourself that at the end of the day it's an investment. Really though, if you're investing long-term then you're going to be holding on for ages anyway—the only time you sell is when you're about to buy something else, e.g. something big.
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