Guild Wars 2

BUTTERBLUME.3217:

Schnuffles.5369:

Found a way to turn 1 skill point into 1G.

Take advantage of this crazy inflation right now while it lasts. It’s printing money for me at the moment.

1G? Seems like you found something special, usually 1 SP translates into a little less than 0.5G.
What are you going to do once you ran out of SP though? You will not be able to craft a legendary item anymore

I’ve actually been doing something similar to this with material promotion from T1 to T2. Wait for a T1 to drop around 10c and its corressponding T2 to raise to around 1s, buy up a bunch of T1s and sell the promoted T2s off for about a 8-12s profit per philosopher stone used. Problem I’ve been seeing though is that if you order a huge bulk of T1s you can be quickly over cut by people that are buying them for actual crafting, so it’s slow since I’ve been trying to be careful not to cause a significant price increase.

It’s given me money to experiment with other options in the TP though. So far, I haven’t found anything besides material promotion that’s been profitable.

@Logun
I took a look at the Yale lecture as well. I’ll probably follow up on the whole series in the next month or two.

Do you have any other resources you would recommend for learning how financial markets work that could apply to either GW2 or indeed real life?

I’m an engineer, so math comes easily but I’ve never bothered to learn the basic mechanics of the market. GW2’s is easy enough to understand with only buy and sell orders, but I need a good reference for the real life stuff where there are things like options, shortsales, dividends, different markets and so on.

I’m in Canada so a few things may differ, but general theory would be the same.

Helequin.2608:

@Logun
I took a look at the Yale lecture as well. I’ll probably follow up on the whole series in the next month or two.

Do you have any other resources you would recommend for learning how financial markets work that could apply to either GW2 or indeed real life?

I’m an engineer, so math comes easily but I’ve never bothered to learn the basic mechanics of the market. GW2’s is easy enough to understand with only buy and sell orders, but I need a good reference for the real life stuff where there are things like options, shortsales, dividends, different markets and so on.

I’m in Canada so a few things may differ, but general theory would be the same.

I’ve got some more stuff I can recommend but it’d help if you can give me a little more detail on what you’re looking for. Some of these can be applied in game, all of them can be applied in life.

General Investing Principles
Specific Investing (Funds, Stocks, Bonds, etc.)
Trading (Short Term or Swing, Active or Day Tradig)
Growing Net Worth (Inside and Outside the Market
Tax Avoidance
Personal Development
General Life Principles

Tax avoidance? :O You can avoid tax in game?) on a side note, I really really wish there was a way to short-sell some stocks/mats in game >.> (now that alot of prices are going down)

Logun, the top four should cover most of it XD.

I’ve got a pretty decent handle on things like managing savings and tracking what I spend.

When I look into investing and the market however, I really don’t know much about what the options are and how it all works. Sure, I know at a high level what a GIC, Mutual Fund, Stock, Bond, Option, Share and so on is. But I have no detail to back that up or to start to evaluate which option is the most attractive.

I have some basic economics, like MARR, present worth and such, but nothing market specific. I know math and some stats, so I could definitely undertake my own basic evaluations, if I had the information to input to start with. Of course, expanding techniques here is good too.

So I’ll try to list what I’m looking for in short:
-How investment markets work, and the options for investing. The nuts and bolts how would I buy/sell shares, and what other operations are there? What are the structure and the rules that the market operates on?

-How do the markets differ (stock, commodoties etc.)?

-Beyond that, some investment principles and analysis techniques would be good too.

So who was the reason eggs made me a nice pile of coin last week? Was that you too Logun?

TabMorte.5297:

So who was the reason eggs made me a nice pile of coin last week? Was that you too Logun?

That was probably me given that I anticipate a frenzy as wintersday approaches.

That said, I’ve seen about 20 people speculating on eggs, many of which seem to have dumped them @ the 40c mark. Personally though I think that given that eggs have been up and down like yo-yo’s for quite some time, they are probably going to double or triple in price this week for a brief period, however I wouldn’t bet the farm on being able to sell any specific volume at the peak.

Personally I’m looking forward to them being cheap post holidays given that they should be in demand again at Easter. 40c eggs may seem cheap then

About 30g/h by working, converting my overwork bonus to gems and buying gold with it

Do you guys know how the 10% tax rounds up on small items? e.g. if you sell 1 item for 15c, it gets rounded to 13c. But what if you sell 100 of them? The tax should be 10c obviously, but if people buy them 1 by 1, do you pay the 2c tax everytime, so at the end you make only 80c?

In GW1 your money was fractured into invisible decimals. Safe bet the tax takes from those decimals, even if you don’t see it. So sometimes you pay nothing, other time full coppers.

Eggs going up again. I bought a few hundred a few weeks back just in case, fortunately.

I should have bought again but I unloaded mine already. I’m betting on another ingredient being high in demand over Xmas though ;P

Helequin.2608:

Logun, the top four should cover most of it XD.

I’ve got a pretty decent handle on things like managing savings and tracking what I spend.

When I look into investing and the market however, I really don’t know much about what the options are and how it all works. Sure, I know at a high level what a GIC, Mutual Fund, Stock, Bond, Option, Share and so on is. But I have no detail to back that up or to start to evaluate which option is the most attractive.

I have some basic economics, like MARR, present worth and such, but nothing market specific. I know math and some stats, so I could definitely undertake my own basic evaluations, if I had the information to input to start with. Of course, expanding techniques here is good too.

So I’ll try to list what I’m looking for in short:
-How investment markets work, and the options for investing. The nuts and bolts how would I buy/sell shares, and what other operations are there? What are the structure and the rules that the market operates on?

-How do the markets differ (stock, commodoties etc.)?

-Beyond that, some investment principles and analysis techniques would be good too.

I’d start with Security Analysis and the Intelligent Investor by Benjamin Grahman, the father of value based investing. Warren Buffet was a student of his. Buffet has achieved an avg. rate of return of 24-25% over the past 35 years and weathered down turns like a heavy weight champ.
http://www.amazon.com/Security-Analysis-Principles-Benjamin-Graham/dp/007141228X/ref=wl_it_dp_o_pC_nS_nC?ie=UTF8&colid=UP1V9M6KAPR3&coliid=I3K5T3KTTS4I77
http://www.amazon.com/The-Intelligent-Investor-Definitive-Investing/dp/0060555661/ref=wl_it_dp_o_pC_nS_nC?ie=UTF8&colid=UP1V9M6KAPR3&coliid=I3ASRVLOKKYY55

Next, I’d recommend Elements of Investing and then A Random Walk Down Wall-street by Malkiel. Basically, here you’ll learn the value of buying an index fund over the usual fund. This is what you need to do, if you don’t have the discipline to value invest.
http://www.amazon.com/The-Elements-Investing-Burton-Malkiel/dp/0470528494/ref=wl_it_dp_o_pC_nS_nC?ie=UTF8&colid=UP1V9M6KAPR3&coliid=I1Y9AEXMQ18XJK
http://www.amazon.com/Random-Walk-Down-Wall-Street/dp/0393081435/ref=wl_it_dp_o_pC_nS_nC?ie=UTF8&colid=2PQUFLQDST5SG&coliid=IA9ZKK7DVLKML

For Technical Analysis, start with this one. It’s got the basics. Technical analysis with candlesticks graphs are powerful if only for the reason that millions of people believe specific symbols mean specific things and then act a certain way and self-fulfill the prophecy. If you’re going to day trade or swing trade, you’ll need to know this because you don’t want to be caught off guard by something like a hanging man.
http://www.amazon.com/review/R1EYMVM6HWC84C/ref=cm_cr_pr_viewpnt#R1EYMVM6HWC84C

A lot of the more modern advice didn’t handle the last two downturns well compared too the styles above. But if you’re interest, I’d stalk Mike Vranos and the Ellington Management Group. There is a great deal of information that John Geanakoplos gives out in his 24 lectures that you’re not going to get anywhere else because no one has written a book about what they are doing yet.

For wealth accumulation, I’d recommend The Millionaire Next Door
http://www.amazon.com/The-Millionaire-Next-Door-Surprising/dp/1589795474

And for perpetuity investing,
http://www.amazon.com/Holy-Bible-Version-Scofield-Duradera/dp/0195278674/ref=sr_1_13?s=books&ie=UTF8&qid=1354773833&sr=1-13&keywords=king+james+bible+leather+scofield

I turned 4g into 50g in less then 30 minutes. It did cost me 100 sp, but hey it was a ranger char and we all know that rangers suck anyways.

Transmute your way to riches…

4g into 50g within 30 mins sounds a bit exaggerated to me.

I’ve done pretty much the same last two days made 30g in about 2 hours effective “work time” including buy listings, forging and sell listings.

But maybe you founds something with higher profit than me, wont claim that the thing i’ve done was the ultimate plan

I’m obviously missing something on transmutations. I’m guessing you have to use aggressive buy orders to make decent money this way because the items I looked at transmuting were only going to make 12-20s a transmute.

I put in 10g and pushed out 50g, all from dyes. Its not hard to make a turn over in profit whenever you know what to buy, and you have to be aggressive with the tradiing post if you want to make money.

Now a week has passed and I’ve made my money I will share my method regarding 1 skillpoint for 1 gold conversion. (this method won’t work anymore)

I predicted Onyx Lodestones to go up in value, which they did.
1 week ago i was buying Onyx Cores and promoting them into lodestones, for a cost of 1.2G and .6 of a skillpoint (crystals at 3 skill points for 5)
Today i sell my Onyx Lodestones for 2.2G a pop.

Now when you do this on a large scale you make an insane amount of money.

Schnuffles.5369:

Now a week has passed and I’ve made my money I will share my method regarding 1 skillpoint for 1 gold conversion. (this method won’t work anymore)

I predicted Onyx Lodestones to go up in value, which they did.
1 week ago i was buying Onyx Cores and promoting them into lodestones, for a cost of 1.2G and .6 of a skillpoint (crystals at 3 skill points for 5)
Today i sell my Onyx Lodestones for 2.2G a pop.

Now when you do this on a large scale you make an insane amount of money.

been doing the same with Destroyer Lodestones last days, not that much of a profit span top-profit was 50s a Lodestone, not bad either

Open Karka Chest

Got Dusk and Dawn 500g Profit in 1sec yeeeaaaah^^

Hadrians.4567:

Open Karka Chest

Got Dusk and Dawn 500g Profit in 1sec yeeeaaaah^^

Gratz jackpot lol.

On a related note – watch T6 mats this weekend. There is one with < 1000 supply on the TP which will only need 4 people to clear out….

No, I’m not going to make a fortune off that because I missed the early boat, but being observant of potential shortages is a good strategy to earn a little cash from the TP.

Just Joking i didnt recieved a Chest, but other Players how are always rewarded during the Karka Event, recieved another Chest via Mail… gz

One thing you day traders are going to learn is that this market will experience a cycle, like all others. at some point you are not going to be able to sell your stuff at higher then you bought it, and there is no way to short sell at the TP. We are still experiencing price inflation in this game as more people reach level 80…the game is still relatively new. But it will peak. And you may get nailed.

Those of you with so much capital that you are a market maker…why are you playing this game? You already have the best stuff and you spend your time in LA….why not do something in RL for money instead?

Dinkus.6480:

Those of you with so much capital that you are a market maker…why are you playing this game? You already have the best stuff and you spend your time in LA….why not do something in RL for money instead?

They’ll have the capital when Anet implements new legendary weapons, maybe legendary armor. They take a couple minutes to mess with the market, log off, come back, reap the profits and repeat

Eggs doing weird things again.

I wonder if I think make it do even weirder things. Time for a test.

Adenos.3018:

Dinkus.6480:

Those of you with so much capital that you are a market maker…why are you playing this game? You already have the best stuff and you spend your time in LA….why not do something in RL for money instead?

….They take a couple minutes to mess with the market, log off, come back, reap the profits and repeat

This. Some people, like myself, are pretty busy irl, so we don’t get much game time! Good thing about being a Finance grad is that I can apply basic market knowledge in game and make decent enough profit to not fall behind my friends/guildies that play so much haha

I have been looking at different foods that might increase in price. I have a feeling that because more people are farming, items such as lotus roots and omnomberries will go up in price.

Avster.1935:

Adenos.3018:

Dinkus.6480:

Those of you with so much capital that you are a market maker…why are you playing this game? You already have the best stuff and you spend your time in LA….why not do something in RL for money instead?

….They take a couple minutes to mess with the market, log off, come back, reap the profits and repeat

This. Some people, like myself, are pretty busy irl, so we don’t get much game time! Good thing about being a Finance grad is that I can apply basic market knowledge in game and make decent enough profit to not fall behind my friends/guildies that play so much haha

Finance grad myself. Well, actually in my senior year at the moment. I would never try it, but it would be interesting to see how some of these firms I interview with would react to me bringing in Guild Wars 2 data and displaying how I have successfully navigated the markets.

Top item at TP (not sure if still) is “Power trader” boost.

Hilarious

Now ive found a sure way of making 30g/hour on the trading post. Thanks for the tips guys.

Let me give you all a good tip. If you see the other thread on endless halloween tonics being sold on the tp, you will notice that all tonics opened from bags now are no longer account bound. So buy your trick or treat bags now…

Dinkus.6480:

Avster.1935:

Adenos.3018:

Dinkus.6480:

Those of you with so much capital that you are a market maker…why are you playing this game? You already have the best stuff and you spend your time in LA….why not do something in RL for money instead?

….They take a couple minutes to mess with the market, log off, come back, reap the profits and repeat

This. Some people, like myself, are pretty busy irl, so we don’t get much game time! Good thing about being a Finance grad is that I can apply basic market knowledge in game and make decent enough profit to not fall behind my friends/guildies that play so much haha

Finance grad myself. Well, actually in my senior year at the moment. I would never try it, but it would be interesting to see how some of these firms I interview with would react to me bringing in Guild Wars 2 data and displaying how I have successfully navigated the markets.

Ahaha, that would be interesting indeed. Well, if you do get an interview for a job that you don’t really want, you can go ahead and fool around :P

Are any of you that posted in this thread still playing?

I was not posting in this thread Logun, but I am playing and have read the entire thing through and through. I would like a chance to talk to you either here or in game. I have to admit that I understand not as much as I would like to pretend about much that was discussed. However if you had some free time I would appreciate it.

I am a bit of a cheat my birthday is coming up in May and I told my wife all I want is two of the 2000 gem cards from her and two of them from our child (since she is young enough my wife still buys the gifts from her). The Gems can then be exchanged for gold. However, I am still a noob in the game so once I level and find ways to earn it in game I will prefer that (well still gem sometime for items like mini pets)

Looks like the niche I have been using to make the last 100g finally closed up, anyone wanna share their or help me find a new one

Cymatoperior.5942:

You make 25 gold/hour on a bad day? You mean you never lose money trading?
Maybe you made a typo and you meant silver. 25 silver/hour on a bad day.

I don’t lose money trading, I make around a 56% profit for every gold I put in. There are things that flip that well

Things that go bump in the night

P.S. I finally sold off the last of my chocolate bars around April 2nd. I could have sold them much sooner but I took a very long break from the game.

Logun.5360:

Things that go bump in the night

P.S. I finally sold off the last of my chocolate bars around April 2nd. I could have sold them much sooner but I took a very long break from the game.

Welcome back, what would you suggest to flip now? I currently only have 13g, unfortunately I have 70 charged lodestones at 3.85g but they tanked a few days later and I was unable to sell them, though i’m going to keep them posted on the tp hoping some big shot would raise the price. So any thoughts?

I still recommend you stick with tier 1 crafting mats, set your buy points at the low dips on Spidy, even if the current bid price is higher, hold for 8 hours or so then sell. This is more swing trading than flipping.

I looked at some of the t1 mats and did some math, if I am correct i’m only profiting like 50s to 1g if I invested all of my gold. Also there seems like a ton of competition for t1 mats, should I still stick with them or do you have any other suggestions?

I measure my gold production by the week (which is like 3 or 4, maybe). What part of the word game is about making an income?

When I was grinding for my legendary I would do cof p1 and p2 on five toons at least once, then do the same thing with coe all paths (15-20 min per run with a solid group). I don’t know what I made exactly per hour but I managed to pull an average of 25g a day by turning all dungeon tokens into ectos and selling everything but t6 mats (since I still needed them). If you don’t have many level 80 toons I recommend running some lower level alts to those maps. Its worth doing for the extra rares.

Behellagh.1468:

I measure my gold production by the week (which is like 3 or 4, maybe). What part of the word game is about making an income?

The part where it’s required to get the items you desire…or may desire in the future.

Kurow.6973:

Behellagh.1468:

I measure my gold production by the week (which is like 3 or 4, maybe). What part of the word game is about making an income?

The part where it’s required to get the items you desire…or may desire in the future.

Maybe I have a different concept of fun and relaxation.

What pray tell requires 100s if not 1000s of gold in this game per month? Playing the Mystic slot machine for precursors? Refusing to buy gems with real money? T3 cultural armor for every character?

Behellagh.1468:

I measure my gold production by the week (which is like 3 or 4, maybe). What part of the word game is about making an income?

It might not appeal to you but some people consider trading fun. Furthermore you can earn things by actual thinking instead of farming cof straight for 2 months^^ i participate in every aspect of the game but the truth is that you earn no where near as much if you farm cof or do some trading :P

i enjoy the game too much to focus on making gold

Well some people do however ^^

I use what I call the “trading post minigame” as a little break from the dodge-fest that is most content in the game, and a way to “use” that farmed gold for something while I’m chatting with guildies trying to figure out what to do in the next session.

I get about 10 gold per week of “market time” and spend about 1.5h per week poking the TP and trading post web pages. I can’t get exact figures because I also use the TP to buy items I want / sell items I got as drops and don’t want. I’m slowing down for the end of this month because I’m too lazy to predict what losing Super Adventure Box will do.

to all of these 30+g/hour people… what percent of your total wealth does that represent?
if you have 10,000 gold, 50g in one hour is 0.5% of your wealth.
Money tends to multiply. If you invest 10,000 gold, it’s easy to get 50g profit. It’s hard to invest 100g and get 50g profit.
Not trying to diminish your accomplishments, just trying to make those that make 5g/hour feel less bad.