best way to make money right now

[Holykitten.3064]

22 minutes ago, DarcShriek.5829 said:

That's all well and good, but the OP said he didn't have any expansions.  How do you expect him to fish?

While heavily limited to core Tyria, RIBA, world bosses, gathering to sell, and doing festival content, may be the only way for this poster, but many who will be looking up threads like this titled one will see there's other options with the expansions, with a little investment.

Edited June 16, 2022 by Haleydawn.3764

[DarcShriek.5829]

Harvesting Hardwood and platinum is pretty good in Sparkfly.

Could someone explain how the fishing posts help the OP in any way?

[Friday.7864]

Tier 1 fractals could be fun and earn you some gold/fractal currency. You don't need any special gear for that.

Could also grab a set of gathering tools and farm someone's home instance if they're offering. Could get a couple gold ouf of it.

Tequatl world boss is like 2g altogether daily.

Silverwastes RIBA event rotation might be hard to keep up with without a mount. You can just do the final Vinewrath meta for some extra loot and a chance to drop an infusion worth over 5000 gold (queen bee infusion).

There are some items from the Treasure Hunter collection you could try farming if you're feeling lucky. Like Rhendak's Signet for example which is worth 130g.

You can also covert your karma to gold via Supply Line Management mastery. You'd have to follow a youtube tutorial to figure out how pact supply network agents work.

Dailies for 2g are a must.

You could also look for a guild that does weekly guild missions. Each completed missions is around 70s + some rare gear and guild commendations you can trade in for ascended accessories.

 

[Friday.7864]

You need an expansion for masteries, I forgot about that. So no pact supply xd

Edited June 17, 2022 by Friday.7864

[mythical.6315]

Why does every thread where someone asks for the most efficient way to obtain something, whether gold or experience, always end up having people essentially list out every single source over the course of the thread?

[Rogue.8235]

Okay, so you're going to need to start with some capital.  Unfortunately, in today's economy, debt financing isn't the way to go considering current yield curves published by the Federal Reserve.  So equity financing is the way to go.  

A good way to start is through some commodities trading.  These are high velocity markets that net guaranteed profits through high volume trades at key moments during the business cycle.  Identify the commodities you want to begin with and work out some pro forma financials.  Take these to angel investors as a pitch to establish some critical early cash flows.

As for high return on investment (ROI)  strategies for initial growth, you're going to have to do some industry analysis.  Now, the key to a new venture is understanding that you are responsible for the big picture business strategies, not day-to-day operations.  You're going to higher people for the low level operations.  What you're looking for in an industry is a low barrier to entry coupled with historical growth and promising market segmentation projections in the short run.  The idea is to create a venture that can easily be liquidated to satisfy the angel investor and gain capital for the next stage.  The key for the first venture is exit strategy, exit strategy, and exit strategy!

Good industries include high demand activities that are present despite any formative changes to the business environment.  Essentially, you'll want something that has guaranteed market participation regardless of any change of circumstances to the global technological and economic environments.  Mass market participation also comes with high workforce participation, but be aware that this is not always necessarily the case.  Never forget your due diligence.

Now that you've had a successful first venture, highly industrious with good returns and a great payout, your going to get ready for the big leagues.   You now have the capital to engage in the day trading of higher ROI markets.  Get the research done and identify business cycles, look at where development is going to identify future demand, and start buying at the troughs.  You are now going to be actively trading on troughs and peaks to build up that capital reserve.  Exploit market differentials, especially in those sectors where time preference is exorbitantly high (customers and suppliers want things now).  While these markets won't be as fast as commodities,  a diverse portfolio will ensure continuous positive cash flows.  

Once you have the day trading down, you are now experienced enough to handle marginal trading.  Trading on margin is risky, but the risk comes with greater payout.  It is up to you to develop your own algorithm to identify those markets with a high enough ROI in a short enough time frame to keep ahead of that margin.  Greater capital injections will allow you to make bigger trades with bigger capital gains.  At this point, you'll also be able to set up some automated commodities trade to provide a continuous positive cash flow as a safety net.  Keep on top of those margins, keep the capital injections timely, and you'll be flush with capital.

Now you're ready for the biggest arena where the biggest players are.  The world of currency speculation.  You've set up the market analysis systems, are keenly aware of development and future expectations, and have the capital to throw around.  Invest in those currencies.  Make that money.  It's no longer about having money to buy stuff.  These are now points on the board.  You want more points than anyone else.  You want to be a winner.

After engaging in currency speculation for a while, you'll be able to pull off business tactics that only the biggest players can pull off.  Get that public participation in and start influencing global expectations.  Fuel those future demands in a way that will net you massive capital gains.  You're on top of the world now.  Money has long since been a worry of an ancient past.

 

 

Oh, we're talking about GW2....

Actually the above still applies.  This is the secret to how I have enough gold to do whatever I want whenever I want.

 

Edited June 17, 2022 by Rogue.8235
le typos

[Blindefender.9834]

You can also join Guilds that run daily Guild Activities. You get Guild Commendation tokens from these and you can trade them for Ascended stuff. There are other benefits to joining a Guild as well.

 

This is also good way to meet other players and learn the game. Not all Guilds run the dailies or are friendly, but many do/are. You can belong to several at the same time. My advice is to try more than one until you find the best fit for your playstyle.

 

Welcome to GW 2!

[Gibson.4036]

16 hours ago, Rogue.8235 said:

Okay, so you're going to need to start with some capital.  Unfortunately, in today's economy, debt financing isn't the way to go considering current yield curves published by the Federal Reserve.  So equity financing is the way to go.  

A good way to start is through some commodities trading.  These are high velocity markets that net guaranteed profits through high volume trades at key moments during the business cycle.  Identify the commodities you want to begin with and work out some pro forma financials.  Take these to angel investors as a pitch to establish some critical early cash flows.

As for high return on investment (ROI)  strategies for initial growth, you're going to have to do some industry analysis.  Now, the key to a new venture is understanding that you are responsible for the big picture business strategies, not day-to-day operations.  You're going to higher people for the low level operations.  What you're looking for in an industry is a low barrier to entry coupled with historical growth and promising market segmentation projections in the short run.  The idea is to create a venture that can easily be liquidated to satisfy the angel investor and gain capital for the next stage.  The key for the first venture is exit strategy, exit strategy, and exit strategy!

Good industries include high demand activities that are present despite any formative changes to the business environment.  Essentially, you'll want something that has guaranteed market participation regardless of any change of circumstances to the global technological and economic environments.  Mass market participation also comes with high workforce participation, but be aware that this is not always necessarily the case.  Never forget your due diligence.

Now that you've had a successful first venture, highly industrious with good returns and a great payout, your going to get ready for the big leagues.   You now have the capital to engage in the day trading of higher ROI markets.  Get the research done and identify business cycles, look at where development is going to identify future demand, and start buying at the troughs.  You are now going to be actively trading on troughs and peaks to build up that capital reserve.  Exploit market differentials, especially in those sectors where time preference is exorbitantly high (customers and suppliers want things now).  While these markets won't be as fast as commodities,  a diverse portfolio will ensure continuous positive cash flows.  

Once you have the day trading down, you are now experienced enough to handle marginal trading.  Trading on margin is risky, but the risk comes with greater payout.  It is up to you to develop your own algorithm to identify those markets with a high enough ROI in a short enough time frame to keep ahead of that margin.  Greater capital injections will allow you to make bigger trades with bigger capital gains.  At this point, you'll also be able to set up some automated commodities trade to provide a continuous positive cash flow as a safety net.  Keep on top of those margins, keep the capital injections timely, and you'll be flush with capital.

Now you're ready for the biggest arena where the biggest players are.  The world of currency speculation.  You've set up the market analysis systems, are keenly aware of development and future expectations, and have the capital to throw around.  Invest in those currencies.  Make that money.  It's no longer about having money to buy stuff.  These are now points on the board.  You want more points than anyone else.  You want to be a winner.

After engaging in currency speculation for a while, you'll be able to pull off business tactics that only the biggest players can pull off.  Get that public participation in and start influencing global expectations.  Fuel those future demands in a way that will net you massive capital gains.  You're on top of the world now.  Money has long since been a worry of an ancient past.

 

 

Oh, we're talking about GW2....

Actually the above still applies.  This is the secret to how I have enough gold to do whatever I want whenever I want.

 

Thanks for the guide!

Would it be better to find my angel investors on LFG or through map chat?

Edited June 18, 2022 by Gibson.4036

[Hotride.2187]

On 6/16/2022 at 12:04 AM, Blood Red Arachnid.2493 said:

Once you have the capital for it, legendary trading is a good way to make cash.  Gen 1 legends cost about 800 gold to make, and sell for two to three times that amount.  

I've actually been looking for this sort of info. The only thing I need to do is the gifts of exploration and then dump gold for the rest (mats+precursor)?

[Rogue.8235]

8 hours ago, Gibson.4036 said:

Thanks for the guide!

Would it be better to find my angel investors on LFG or through map chat?

The GW2 equivalent would be to have a guild sponsor your activities.  Commodities trading is crafting material trading.  The new venture is identifying what activities you want to tag up and lead regularly, or what instanced content you want to run regularly, or to lead a WvW squad or PvP team regularly, etc.  The investing part comes into play with regular access to participants for your activities (workforce), the customer participation is how active the activity is among the general player population, and other aspects of angel investment come from guild support for you to provide food/buffs/etc. for your squad.  

 

So short answer, a guild willing to lend you some resources you can use to lead activities.

Also, think of map chat as going to the local subprime loan business (loan sharks and payday loans).  It's not going to end well.

You could try to put up an LFG advertising that you're looking to pitch to angel investors.  Maybe someone with our sense of humor would throw some resources at ya just for the lols.

 

The other way to make money and have a vast estate is to be born with it.  Since you, presumably, are already born, this might not be a viable avenue.  Since I don't know your birth status, I'm just throwing this out there in case you still got the chance to.  Actually, if you haven't been born yet, this is the easiest way to do it.  Highly recommend that you just be born with wealth. 

 

[xenon.3264]

On 6/16/2022 at 10:55 AM, Ashen.2907 said:

He might have difficulty doing t4 without ascended gear.

start with t1 and craft an ascended weapon. get ring and accessories from maps and  move to t2 as soon as possible . ar costs nothing . with just weapons and accessories he could be 150 ar and it would be cheaper than crafting armor 

 

3+3 (rings)+1 +1+(accessories) +2 (back) +2 wepon  = 12 slots . 

 

9 agony infusion are 4 gold each. he coul be above 100 ar just doing dailies for a week and getting map currencies.

 

so maybe not t4 but t3 (which would be ok for recs)