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Marcus Aurelius

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Join date : 2010-01-03
Age : 33
Location : woodstock, ga

PostSubject: Random Topics   Sun Jan 03, 2010 8:10 pm

Questions? Ask them here!
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Marcus Aurelius

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Posts : 16
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Age : 33
Location : woodstock, ga

PostSubject: Money!!   Sun Jan 03, 2010 8:14 pm

Looking to make more money faster... Is the only way to make money right now is to just work?

I would like to exchange money but I cant see the exchange rates in reverse...

I want to own a company but that will take a bit...
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Darth Malek
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PostSubject: Re: Random Topics   Sun Jan 03, 2010 8:16 pm

Marcus Aurelius wrote:
Looking to make more money faster... Is the only way to make money right now is to just work?

I would like to exchange money but I cant see the exchange rates in reverse...

I want to own a company but that will take a bit...

here the exchange rates.
http://ereptools.net/currencies/local
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Marcus Aurelius

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Join date : 2010-01-03
Age : 33
Location : woodstock, ga

PostSubject: New Do!!!   Sun Jan 03, 2010 10:41 pm

Love it!!! Hey I'm still bored... I know I'm new but let me know what you need guys...
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Darth Malek
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PostSubject: Re: Random Topics   Sun Jan 03, 2010 10:50 pm

hit up the eUSA forums. they are always interesting.
If you are still bored after that, start trying to get some new members to join the party with the 39 drive program. Meanwhile, I will see if I can get Marcus to chill out with the forum settings. I give him admin control and he is like a kid in a candystore.
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an ordinary guy

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Join date : 2009-12-31
Age : 32
Location : Georgia

PostSubject: Re: Random Topics   Mon Jan 04, 2010 8:58 am

Darth Malek wrote:
Marcus Aurelius wrote:
Looking to make more money faster... Is the only way to make money right now is to just work?

I would like to exchange money but I cant see the exchange rates in reverse...

I want to own a company but that will take a bit...

here the exchange rates.
http://ereptools.net/currencies/local

Another trick to see the exchange rates in reverse, I have found is buy 0.01 of the currency(s) you plan on trading and then you have the option to "sell" from your accounts.
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Marcus Aurelius

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Posts : 16
Join date : 2010-01-03
Age : 33
Location : woodstock, ga

PostSubject: Re: Random Topics   Wed Jan 06, 2010 12:26 pm

Yea be sure to buy the 0.01 and sell it back because around 15-20 mins from that chart refreshing itself... Buyback is rarely good anymore... grrrr!
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Cold Hearted Snake

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PostSubject: Re: Random Topics   Wed Jan 06, 2010 1:11 pm

What we need is someone who is good at this kind of stuff. I would be willing to invest USD or Gold to help the party earn money!
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Marcus Aurelius

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Location : woodstock, ga

PostSubject: Re: Random Topics   Thu Jan 07, 2010 7:07 pm

That person is going to need alot of time because i have watched alot of ticks and the most i have found is 0.05 cent increase...
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an ordinary guy

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PostSubject: Re: Random Topics   Thu Jan 07, 2010 8:10 pm

Yea,.... the MM is not a quick way to make any money, very time consuming for very little profit. You are probably better off opening a savings/investment account with one of the big banks. If you can find a good company selling shares, some of them have 10-15% return per month. Its not anything to retire with, but it is nice to have little q1 Bud Light money on payday! Also be careful some of those people writing the contracts I think are still 3rd graders.
Might not be a bad idea to do some investing as a party, just an idea.
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Marcus Aurelius

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Age : 33
Location : woodstock, ga

PostSubject: Re: Random Topics   Thu Jan 07, 2010 8:41 pm

Hold on wait a min my friends... I think I figured out something! The MM is like the real life stock market... you don't just buy and sell constantly throughout the real life day... You buy and hold and wait for it to reach your desired threshold amount...

Lets take the current eDenmark for example... I bought 77.78 DKK for 1 gold roughly... If i had been paying attention then I would have noticed that yesterday at 12 noon eRep time I could have bought gold for 56.899 for 1 gold... thats 1.25 gold which is 25% gain!! oh yea theres money but I just need the time to take advantage...

M.A
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David Blount

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PostSubject: Re: Random Topics   Tue Jan 12, 2010 12:20 pm

I tried to make money in the MM but it takes time and is very stressful if you put enough gold to work to make it worth it. The trouble is that many of the markets around the world aren’t active when you will want to make a move so your post to unload all your foreign currency may sit there for a long time.
All I learned about making money in the MM I got from this series of articles, if they are any good I hope they help all fellow imperialist if they aren’t any good then let me know b/c then I would love to learn how to make money in the MM.

http://www.erepublik.com/en/article/the-abc-of-getting-rich-1-4-monetary-market-how-to-make-profit-part-2-2-1024052/1/20
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Marcus Aurelius

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Location : woodstock, ga

PostSubject: Re: Random Topics   Thu Jan 14, 2010 3:03 pm

what other costs are associated with running a business?

So far i have noticed it takes 5 q1 irons to make one q1 weapon... I make 13.68 weapons

if 10 people make 136.8 weapons (i understand that this not everyday) at that rate but thats a revenue stream of 3.8*136.8 = 519.84

and iron is bought at 0.42*5 (which i understand is not at a constant rate) for each weapon, at 136.8 weapons which is 2.1 * 136.8 = 287.28

so that means a company owner, if they sale all the weapons made, is making 519.84 - 287.28 = 232.56

is this figure right...?
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Marcus Aurelius

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PostSubject: Re: Random Topics   Sun Jan 17, 2010 3:52 am

no one has responded.... does that mean that I am so off base that I dont even deserve a response orrrr does that mean something else???
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an ordinary guy

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Age : 32
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PostSubject: Re: Random Topics   Sun Jan 17, 2010 11:22 am

Sorry for not getting back to you, It looks like there are some errors in your math let me see here, well given that you understand the prices change lets just use the prices you have for the day you checked them. First it takes 5 q1 iron to make 1 q1 gun so your profit minus RM would actually look like this: 139(guns made)*2.10(cost of RM)=291.90.

So 519.84-291.90=227.94 PROFIT BEFORE LABOR COST.

To go 1 more step for this day since you used your production as a starting point I am going to use you and todays wages for the rest

your skill=3=6.30(highest wage for today)*10(employees)=63

227.94-63=164.94 Total Profit from sales (not including taxes)
This should give you a good starting point to find the profit
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