Hello there!
 
I got P3P 2 weeks ago and I'm absolutely in love with it. I'm lvl 94 now and I'm trying to lvl the rest of my party before I go to the final battle (the next highest is lvl 61)
I never played any of the persona games this is my 1st. I just bought persona 4 and a PS3 to play that after I am done with P3P. 
 
Now I was wondering for the people that are already in their 2nd or 3rd play-through. I was just planning on doing 2 plays at most since I wanna move on to P4 so my question is: What are all the things that get transferred in NG+? do I lose my weapons? and all items? should i just train to beat monad and the hall of doors and just start the 2nd play-though just for max s-links since i can potentially lose everything? I don't want to put in as much time the 2nd time around as I did the 1st time especially if my level resets. I just want to finish up the s. links  and persona database in the velvet room on the 2nd run.

Thanks for the info! The reaper was a hard son of a *****! I guess i pissed him off really bad since all he kept doing was his almighty skill at me 24 / 7! I needed just 1 more ruby to get that Armageddon skill that supposedly kills him in 1 go too.

" Thanks for the info! The reaper was a hard son of a *****! I guess i pissed him off really bad since all he kept doing was his almighty skill at me 24 / 7! I needed just 1 more ruby to get that Armageddon skill that supposedly kills him in 1 go too. "

Has any of you guys completed the hall of doors trials? they are pretty tough especially since after beating the reaper and monad sucked up all of my homoculus :-/