2.7. Interest and Trading
A few notes on interest and trading
As
discussed last round, we’ll be spending at least the first couple of
weeks of the round doing dedicated trading, with the goal of building
up an early large cash reserve which will generate amounts of interest
that we could live more than comfortably off of for the rest of the
round. Not only is is extremely beneficial and advantageous for us to
do so, it would also be extremely stupid and damaging not to, as other
alliances will be doing the same thing and we would find ourselves
permanantly behind the pack if we opted to screw around early and not
set ourselves up for the rest of the round.
Interest is 5% and
calculated nightly, at 0:00 server time in both alliance and personal
accounts. Is is NOT calculated for money you have on hand. [b]As such,
make sure you deposit the money you make from trading in the bank each
day before midnight.[/b]
I can’t stress how important it is for
us to trade early and effectively. The more money we make and the
earlier we make it, the better and longer it pays off. Likewise, if we
delay and put off trading, the benefit we get from it when we finally
get around to doing it is consideraby less. [b]If there was ever a time
to dedicate yourself to one of these trading sprees, this is it. [/b]
The
point of cash centralization is a big one. Contrary to how you might
expect interest to work, there’s no monetary advantage to compiling all
the cash in a single account. That is, if you had 10 bil in the
alliance account, you would make 500 mil in interest from it. If you
had 1 bil each in 10 personal accounts, each of those would make 50 mil
in interest; the net gain is the same.
However, there are
significant advantages, organizational and otherwise, to consolidating
our cash in the AA(s). Money that you keep in your personal account as
a rainy day fund is not, for the most part, used or useful. More
important, it’s not accessible to anyone else. If you have 5 bil in
your personal account, it’s 5 bil that you don’t need at the moment but
the alliance or another member could use but doesn’t have, even though
the cash has been made. Pooling resources allows them to be distributed
where they’re needed and immediately helpful and in an alliance like
this, what helps a fellow member helps you as well.
The goal is
1-2 trillion between the AA’s, making 50-100 bil a day in
interest,growing bigger every day. This would allow us to reship at
will off of interest alone, in expensive ships, and not have to bother
cash trading for the rest of the round. When we get there, we will be
in outstanding shape.
Get trading!