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Neopia's Fill in the Blank News Source | 29th day of Running, Yr 26
The Neopian Times Week 77 > Articles > Why the Stock Market?

Why the Stock Market?

by nyyankeesfan72

Untitled Document

NEODAQ - It is an often-asked question. Why would some fools want to lock up thousands, hundreds of thousands, or even over a million Neopoints, in something as slow and unexciting as the Stock Market? Wouldn't you want to buy a nice new hypno helmet to give a solid whooping to your opponent? Or would you want to make you pet tough enough to be considered a legend? Sure I would like that, but I prefer the market for several key reasons.

1. You don't need a fast connection

Wow! Magic goop 1 in stock, price 1155 NP You think, boy, I could sure make a nice profit form this, to dine royally on sweet wines and primes cuts of filet. As you click it seems an eternity is passing and you get the new screen with those too famous words. Magic goop is sold out! Hmm. It has happened to me enough to say if I even got a fourth of the items I went after, the hidden tower could be halfway out of stock. However, with my 56K and I, it is a famished dream. Fortunes could be made in the stocks with the speeds that could make a snail proud. I can safely say I have over one-quarter of a million locked up in various shares of stocks. But, with a mere 15,000 NP input, a nice 50,000 NP profit could be in order as was my last sell of 1000 shares. In fact, I consider it a slow game, and tell people who want to win the Neopian Lottery to keep on looking when they spot the stocks. For example, over two months ago I bought 1000 shares of BOOM one day. It then cycled from 6-50. Three weeks ago, it was finally making significant movement. It was at 67 when I sold for a nice 52,000 NP profit. The only catch, I had from 15-67 thousand NP tied up for two months. This just kills some people. I could sit at the pharmacy for just as long and see a fraction of that profit. I don't need as fast connection to buy or sell shares, even though the market changes every 30 minutes, it is never immense enough to discourage of a selling of stock if it was 11:28 NST and now is 11:32 NST.

2. You don't need fast fingers

Holy Smokes! You get to the haggling window for the magic goop. Your adrenaline is pumping as you imagine the profit to be made. Now what was the price? Yes! 1155 NP! You go to type it in. No! Wait that's an 8! NOOOO! Your hands are shaking as you finally get the right numbers. Sorry, Sold out! Hmm. Well that has happened to me numerous times before. But, in the stock market, that problem never occurs. The stocks you want to buy are always 'in stock'. And literally, whenever you want to buy a stock over 15 NP, it is always available, and unless you want to buy a slippery floor potion for 33 thousand Neopoints, I can't say that for any of the other shops.

3. You must research and make the right decisions

Pretty self-explanatory, the stock market is not a fool's game. You have to know what you are doing and everything revolving around it. Or else, you will make serious mistakes as I did. My first buys weren't bad, two shares of HUW at 4 and one of COFL at 6. Though I sold for a slight loss after the 20-NP deductions, I learned the basics. Next came my downfall. I bought 100 shares of UNIB at 190 NP/share. This totalled up to 19,000. First, I shouldn't have bought that high. That was just asking for trouble. Oh, it came. I saw UNIB drop like a lead balloon. I finally sold UNIB at 45 NP/share, or 4500 NP OR, a 14,500 NP LOSS. That's almost enough to buy 1,000 shares. Yes, the market is NOT an easy, quick, and painless game. I do love it. However, you must always be cunning and quick on your feet. With the invention of neodaq.com, researching has become sooo much easier. I highly recommend it for articles, tips, hints, advice and everything in between. With this invention and other advice sites, (like my pets web page) there is almost no reason to make any serious mistakes if you simply do your homework.

4. Your stocks are always worth their volume in Neopoints

Yes, when it says 1,000 shares are valued at 46,000, they are just that, and always will be unless the drop or gain. A perfect counterexample of an item that is not this promising is a Fire Faerie. In November, a Fire Faerie was bringing about 3200 Neopoints each. Now one day I went to the Advent Calendar and the prize was a bandy-new Fire Faerie. Wonderful! A quick 3,000 NP I thought. That is enough to play (and lose) on my daily Turdles. Well, we I went to the Shop Wiz, I found they were down to less than 2,000! See, 1,000 NP is not too much to be lost, especially, since it was a gift but think of people who bought 50-100+ faeries to stock up on for the war and perhaps make a nice profit. Perhaps. Yes if you had 50-100 Fire Faeries, you lost 50-100 thousand NP Now we are talking serious money. However, unless a stock suddenly falls bankrupt, if you chose the right stock, the roller coaster will come around again and you will get you investment back and more even if it drops a few points from your purchase.

Those are just a few select reasons why I prefer the challenging, cunning, sometimes annoying, but never dull, and all-around interesting and fun game of the Stock Market. I hope this inspires you to play the game, and take it seriously if you do not. It is worth the wait and fuss because in the end, all you need to play the stocks is a computer and a brain.


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