There is a metric ton of information about Empire Avenue out on the internet right now. People like Chris Pirillo and Chris Voss have written their own articles and have even done audio and video interviews about the strategies they have employed to get to the top. The problem I have found is that the only concrete data available is that they are at the top of the game and the articles they have written. I respect both of these guys for the work they have done and the numbers they have put up (and the eaves they have made me in-game). I have to point out that both of these guys are relatively well known online and put up a ton of content and SM activity that not everyone has the time or resources to put up, which gives them an advantage over the likes of regular folk like me.
Average users have a hard time catching up with the top guys. I believe that it is totally possible to get ahead because for about 2 months I have been flirting with the top 200 users in the US by wealth. That is until I went on vacation and have been in a 2 week downward spiral. I have been as close as 250k eaves in wealth to the 95th person on the leaders page, but more recently I have fallen to about 800k from the 95th user.
For the last couple months, I have focused on my wealth since it is more difficult for someone with limited resources and time to focus on their share price. In conjunction with my wealth increase I managed to somehow magically get my average div price up between .65 and .70 (who the heck knows why/how). Then I went on vacation for a week and all of that work, except my wealth went to hell.
Besides my at-a-glance value (share price and divs) dropping drastically over vacation, I also started listening to podcasts by some well known economists. What I found out was that I like economists and that many of my thoughts and ideas of how things work and the process by which they come across these answers completely intrigue me. The main way these economists seem to get their answers is to collect data over time and then analyze that data. To that end I came up up with an idea for an experiment with my EAv account. I will attempt to explain my experiment. If you have ideas, suggestions, comments, or just want to troll please tell me what you’re thinking. But if you have crabs or that strange itchy-burning feeling when you pee, keep that to yourself and go see a doctor.
My goal is to get to the top 100 in overall wealth by pruning and growing my portfolio.
The script that I am writing will capture all the data from the API that I can get. This is the basic user information that is available through the API; things like the weekly average divs are not available, but div payouts are so I will do what I can to get this data. I will write a front end for this script as well, that will include a couple graphs of information to make the data easier to read.
My start and end dates are TBD, based on the script for recording all this data being completed. I will update this post once I have this date set.
These are the simple and easy to follow buying and selling criteria that I have come up with so far:
- Only buy people who fit the following formula where (div avg * 100) is greater than share price
- Only sell people who
are trending negative withare showing more than 2% total value or 7 days div payment negative profit, based on current div avg. and no longer fit the formula above.
I am going to record and graph information from my profile page and my personal dashboard page on the spreadsheet here.
Reasoning For these Rules
My goal is to gain wealth and get into the top 100, so buying people who will help me reach that goal is very effective.
As far as selling is concerned these are the things I have found from this second rule:
- This saves commission costs, by avoiding lots of selling
- Any tickers who are seriously negative will get sold
- This gives people a chance to build their accounts back up before I sell them
- This protects me from losing too many eaves by hanging on to a ticker for too long.
Great people who helped me massage this idea
Thanks to Chris Record for the suggestion on Rule #3, he made an amazing point to me about how ruthlessly selling people off would be quite rude and potentially hazardous to the quality of the game.
Also, thanks to Jake Kern for kicking my ass with this formula: “ROI < Pie < Loyalty < Friendship < Integrity” whereby ROI is the least important factor of Empire Avenue. I agree with this to a point, the point at which I stop agreeing is when people start going psycho and treating Empire Avenue like it is not a game. Empire Avenue is 100% a game, not real life. The REAL part of this game are the people who we are playing with and engaging those friendships, becoming friends with these people, and keeping your integrity is extremely important.
Lastly, I want to thank everyone who owns shares in me and who has helped me get to this point in the game. I have really had a hell of a lot of fun playing this game so far. To the point where I have gone to bed seeing tickers and share prices when I closed my eyes. My wife thinks I am nuts but she [so far] is still “listening” to me when I talk about EAv which means that she understands how much fun I am having. I have truly met some amazing people so far and hope to meet tons of new amazing people throughout this process.
Please consider donating Dogecoin if you like my content.