If you are someone like me, who has started making decent amount of money, from travel runs, and wants to get into a little bit of trading, then you need a vault to conduct your trades smoothly. But owning a PI, or trusting a spouse for vault sharing can be challenging.
Your typical options include - 1. Company vault 2. Faction vault 3. Property vault
1. For company vault, you need to be a director of the company. While this is a low cost solution if you start/buy 1* company, it also means you are moving from other jobs where you can get better perks and money. Hence may not be the best idea for someone with limited wealth. Also did I mention company vaults can be raided as well? 2. Most factions let you use their vaults, but you are dependent on the faction officers for withdrawals. Not so much of anytime access if they are away. You could also start your own basic faction which is a cheap option, but you miss out on upgrades offered by larger factions. 3. Most people who hit Lvl 15 are staying in Private Islands, in most cases either rented, or sharing their spouse's due to the high price tag. Rented PIs don't provide vault access, while a PI owned by your spouse does, but your spouse needs to enable vault sharing. In several cases, this does not happen for obvious reasons. So what do you do?
This is a solution I came across sometime ago, and recently put into action -
1. Stay in a rented/spouse's PI 2. Buy a Palace with Vault access 3. Whenever you need to access the vault in your palace, you move from the PI to the Palace, use the vault, and then move back to the PI.
Note, your PI has higher happiness level than your Palace, so make sure to move back to the PI in the 15 min window before your happiness resets. Your happiness resets at ever XX:00, XX:15, XX:30, XX:45. As long as you move back within those 15 mins, you won't lose your happiness. A red countdown next to your happiness will appear, warning you of losing the happiness.
I strongly recommend you NOT to rent the PI yourself. You see, for this method to work, you need to move between properties, and to do that, you need to first fire the staff from the property you are currently living in, which most likely will be a PI with a min. Pilot hired. If you do so, you will be charged the staff salaries every time you fire/hire. However, if your spouse owns/rents the property, then they are responsible for hiring/firing. Hence, you can move in/out without any trouble.
Why Palace? It's the cheapest property type available that can host a vault. The base purchase price for Palace is $65m, however they are usually available for cheaper at the selling market. At the time of writing this, it's available for 52m!
What vault options are available? How much does it cost? You can get Small, Medium, Large, or Extra Large Vault for 20m, 42m, 98m, or 215m, respectively. Remember, if you go through Property experts/brokers, the cost goes down as they take advantage of ELBT stock and 10* Property broker perks, each of which grants 10% reduction in upgrade costs.
Depends on how much you think you really need access to, you can choose which Vault upgrade to avail. In my case, $300M capacity was sufficient, so my total cost came to: $52M - Palace $33.9M - Medium Vault upgrade $2M - Fees to the broker Total: ~ $88M for a 300M vault capacity.
However, if you don't need $300M in capacity, then you can go for the small vault as well, which will cost you just ~$69M total for 100M in vault access.
Note, you can do this with multiple properties! You could theoretically have 10 Palaces with XL vaults giving you a total of $10 Billion in vault access! You can also choose whether to enable/disable vault sharing with your spouse for these properties. So your money is safe with these properties!
Just keep in mind, this works best if your primary property is owned/rented by your spouse, else fire/hire charges can easily eat into your cash. If you have just started trading, then this is a great option since you can access your cash whenever you want, and don't need to spend too much money on it either.
Let's consider TCT as an example, at the time of writing, the first BB costs $22.17 Mn for a monthly dividend of $1 Mn, which translates to 4.5% per month. Not pad as a return, and certainly higher than any other dividend stocks purely from the ROI perspective.
Now here's my concern, reading the announcement (and I apologize if I missed it), there's no mention of the dividends being rebalanced over the time. Sure, they were rebalanced for this launch, but going forward I don't see anything confirming that they will be rebalanced periodically.
The announcement says that the stocks are linked to RL industries and their performance. The thing is, for the most, almost all industries grow over a certain time period, even if they dip now, over the long term, they grow (unless it's a dying industry).
So coming back to the example with TCT, what we can expect is the stock value to go up but dividends to remain constant. So dividend income as a % of the total investment will become less meaningful as time passes by. The only real way to cash the profit would be to sell the stocks. RL companies do periodically increase their dividends to reflect the increase in share price and to keep the "Dividend Yield" (Dividend per share/Price of a share) to a decent level.
Earlier, since stock prices used to fluctuate crazy, and were tied to price of share, the yields were certainly expected to provide an assured Dividend Yield. I am not saying the previous system is better, because if you bought a share at $100 and now it trades at $25, then the dividend on latter is going to be terrible.
My overall point is, dividend stocks are unlikely to provide a good yield over a long term unless dividends are updated periodically. This is especially true because most players, especially advanced ones buy stocks to hold for income they provide, since that's the last place left for them to put money having exhausted most other avenues for incomes.
I see this as less of an issue with stocks like SLAG, or LAG now, where the price of the item - Lawyer business card will simply start going up as investors might get unwilling to take a low price for them. However, items like Lottery voucher may not have the same benefit since their value when cashed is equivalent to $1 Mn in the casino.
I suppose you are right. As long as the return provided by it is better than other sources of passive income, people will go for it, and sell it at even lower prices if needed. I didn't factor in how lazy you can (understandably) get once you cross a certain networth threshold to make your next buck. If prices do crash, it might make options such as bank interest more lucrative for folks like me :P
I thought this too, but since incremental BBs cost so much, the % return will be low. Even if people invest in the incremental BBs now, with price dropping, other stocks might just become more attractive and the money might shift there. This will especially be the case I believe since as I mentioned earlier, over the long term stock price should increase.
They could theoretically tie dividend yields to RL stocks as well just as they are doing it with share price. For eg., NY Times used to pay 5 cents per quarter per share a year back, now they pay 6 cents per quarter since their share price has increased since. Dividend yield for TCT, for instances, can be based on companies like NY Times.
Let's consider TCT as an example, at the time of writing, the first BB costs $22.17 Mn for a monthly dividend of $1 Mn, which translates to 4.5% per month. Not pad as a return, and certainly higher than any other dividend stocks purely from the ROI perspective.
Now here's my concern, reading the announcement (and I apologize if I missed it), there's no mention of the dividends being rebalanced over the time. Sure, they were rebalanced for this launch, but going forward I don't see anything confirming that they will be rebalanced periodically.
The announcement says that the stocks are linked to RL industries and their performance. The thing is, for the most, almost all industries grow over a certain time period, even if they dip now, over the long term, they grow (unless it's a dying industry).
So coming back to the example with TCT, what we can expect is the stock value to go up but dividends to remain constant. So dividend income as a % of the total investment will become less meaningful as time passes by. The only real way to cash the profit would be to sell the stocks. RL companies do periodically increase their dividends to reflect the increase in share price and to keep the "Dividend Yield" (Dividend per share/Price of a share) to a decent level.
Earlier, since stock prices used to fluctuate crazy, and were tied to price of share, the yields were certainly expected to provide an assured Dividend Yield. I am not saying the previous system is better, because if you bought a share at $100 and now it trades at $25, then the dividend on latter is going to be terrible.
My overall point is, dividend stocks are unlikely to provide a good yield over a long term unless dividends are updated periodically. This is especially true because most players, especially advanced ones buy stocks to hold for income they provide, since that's the last place left for them to put money having exhausted most other avenues for incomes.
I see this as less of an issue with stocks like SLAG, or LAG now, where the price of the item - Lawyer business card will simply start going up as investors might get unwilling to take a low price for them. However, items like Lottery voucher may not have the same benefit since their value when cashed is equivalent to $1 Mn in the casino.
In countries like India, it's difficult to find news outlets that are unbiased. Partly due to protection afforded by political parties to them for reporting news favorable to a particular section. Ruling government has even gone far to impose bans and blackouts on some broadcasters in retaliation of negative reporting. Since print (magazines, newspapers) and broadcast (radio, TV) news need licenses to operate, they can be controlled. However online only news outlets which are not subject to such licenses are more transparent with their reporting.
Yep, there are several ways to hide the money - faction, ghost trades, etc., but none offer the peace of mind they way this one offers, albeit at a cost. For eg., with ghost trade or hosping yourself, if you are not back in time, you are susceptible to being mugged and losing cash.
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