Starting Point

As of today, May 5th 2012, here's where Meili currently stands:

Assets
Cash                         647,481,776.32 ISK
Escrow                                 0.00 ISK
                             ------------------
Total Current Assets         647,481,776.32 ISK


Ships & Equipped Modules   1,035,112,325.00 ISK
Items                        158,997,138.00 ISK
-----------------------------------------------
Total Assets               1,841,591,239.32 ISK
===============================================
   
Liabilities and Equity
Notes Payable                          0.00 ISK
Loans                                  0.00 ISK
Bonds                                  0.00 ISK
                                       --------
Total Current Liabilities              0.00 ISK
-----------------------------------------------
Net Worth                  1,841,591,239.32 ISK
===============================================


A few notes about the balance sheet above:

• Cash is the total of Meili's personal cash and Fugawa Heavy Industries' (FHI) cash. The company earns cash through alt missioning, and I prefer using Meili's personal account for trading
• Ships is pretty self-explanatory, but the value of the ships includes all of the modules and rigs currently equipped by the ship. I'm doing this for no other reason than because it's easier to track this way with the tools I use. Also, there's a bit less volatility in this number, since there isn't much change to the list of modules and ships I use.
• Items is whatever is in my hangars, spread out all over New Eden
• I don't have any liabilities at this point, and I don't plan on having very many

In the spirit of full disclosure, I want to explain the high net worth Meili has: I bought a PLEX 6-pack a few years ago. As mentioned in an earlier post, when I started playing EVE, I was in EVE University, and when E-UNI is at war, there are really only three permitted activities:

1. Fleet up
2. Temporarily quit corp
3. Station spin

I chose to do fleet up as much as possible, since I thought I wanted to be a PVPer. But since I couldn't make money, I bought a PLEX 6-pack, figuring the cash would keep me going for a while. A long while, since I was flying mostly frigates and EWAR cruisers. Later, when Tori was biomassed, Meili got all his stuff, and so, she's now worth 1.8B ISK.

I should point out that the current 1.8B ISK net worth hasn't come all from PLEX. At the time, PLEX was selling for 320M ISK, so the 6 PLEX netted 1.92B or so. Since then, I have bought one PLEX at 500M ISK to extend my flight time. I've also lost a few ships along the way, probably to the tune of 100-150M. So only 1.3B of Meili's current net worth came from PLEX. The other 600M was from in-game activities, primarily missioning, salvaging and mining.

Still, that leave me with a bit of a dilemma. Gevlon frowns upon PLEXing for ISK. I don't generally have a problem with it, but in this case, it does feel a little bit like cheating, since the purpose of this experiment is to see if I can make cash, and starting with 1.8B ISK is quite a head start.

So the question is, should I sell some of my assets and turn them into PLEX now or should I just start in the position I'm in?

Both my accounts are paid up until May 22. I think I will sell the Orca, buy some PLEX to extend the accounts until June 22nd, and take it from there. At today's prices, the Orca and it's modules should sell for 720M or so. Substract two PLEX at 500M each, that would leave me with about 367M cash to invest. I think that's a pretty fair starting point, a little high, but nothing that couldn't be reached fairly quickly by a starting player.