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The (not so confusing) Stock Market!


by thepurplishsock

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I've met so many Neopians who have no idea how to work the Stock Market... They see my spiffeh Stock Market avatar and drool in wonder. Okay, well, maybe that's wishful thinking, but they usually ask me how I got it! It's simple; you just *LOUD CENSORING BLEEP* See! Not that hard, right? No? Well, let me try to explain in a bit more detail...

Getting started

Well, you want to start out with about a hundred thousand neopoints in the bank, and try to play a few games every day to keep that up. You ALWAYS want to buy a thousand stocks a day from the same stock, and ALWAYS ALWAYS ALWAYS buy at fifteen neopoints a stock! (That's the cheapest you can buy.) If there are no stocks at fifteen neopoints, either wait a half hour or go for sixteen or seventeen neopoints a share if need be. Try to buy a different stock every day. For instance, if there are two stocks at fifteen neopoints each and you already own one, go for the one you don't have! This diversifies your portfolio. Eventually you'll have to buy doubles, triples, and possibly quadruples of a single stock, but that doesn't come till later.

Selling

This is the much easier and satisfying part of the Stock Market! It costs twenty neopoints to sell your stocks, but that's nothing compared to what you get in return. You only want to sell your stocks when it says "% change 100%." This means the value of your stock has doubled! So if you spent 15,000 NP on a stock, when you sell it, you get 30,000 neopoints! Although I wouldn't recommend it, you CAN sell your stocks at less than 100%. As long as the percentage of the change is in green, you'll make a profit. NEVER SELL IN RED! It could take weeks for one stock to double, but in the mean time, others will probably get there. The first stock I ever bought took two months to double! But most stocks don't take that long.

Time

After a few months, you'll possibly make over a million neopoints! I personally made about a million in the first four months I played the Stock Market... And that's only the beginning! When I started, I only had a couple hundred thousand neopoints. I'm now worth well over three million neopoints, mostly from stocks, and I've been in the Stock Market for about six months now. I've talked to other Stock Market veterans, and after about a year of investing, you could potentially be making a million a month! And best of all is the time the Stock Market takes each day... or should I say lack of time? It only takes about two minutes a day to buy and possibly sell your stocks!

Doubling the Value

It can take anywhere from a couple days to a couple weeks to a couple months for them to double! I've had stocks go all three ways. The first stocks I ever bought took two months for them to finally double. But in the meantime I sold a bunch of others that had doubled beforehand. It's completely random.

Fluctuating Prices

As I mentioned before, the price of stocks change approximately every half hour. Not all stocks change every half hour, but they're sure to move up or down a few points over the course of a day.

All That Extra Confusing Stuff (that you don't need to worry about or pay attention to)

So, there's seven categories listed at the top of the chart when buying stocks: Logo, ticker, company, volume, open, current, change. NONE of those matter to you except "current." That's how much that particular stock costs at that moment.

Losing Money in the Stock Market

Let me make this simple... IT IS NEAR IMPOSSIBLE TO LOSE MONEY IN THE STOCK MARKET! Did you catch that? I hope so, since this is a common myth about the Neopets Stock Market. There are two ways you can lose neopoints, one being completely your fault and the other happening very rarely. The more common way of losing neopoints would be selling while the stock is in the red, meaning it is worth less than what you bought it for. Do NOT, I repeat DO NOT sell no matter how low it gets! It'll go back up eventually in ninety-nine point ninety-nine cases. I have never had a stock go below six neopoints a share. The only other way to lose neopoints would be for your stock to crash, which happens extremely rarely. I've been in the market for several months and haven't had any crash. TNT rarely ever decides to delete stocks.

Diversifying Your Portfolio

As I said before, you can buy a thousand new stocks once a day, like any other daily! No particular stock is better than another. Some users claims to see patterns in them, but I stand by the assumption that it is completely random.

Miscellaneous

Quite a while ago, I'm assuming several years ago, it used to be that stocks were actually affected by the events and the actions of Neopians. A stock could go up if its corresponding store (like Health Frog Groceries) was very popular and sold out quickly. Some Neopians abused this power and would buy out stores to drive up their stocks, so TNT made the decision to discontinue this. The Stock Market is now one hundred percent random!

See how simple that is? Still no? Well, try not to understand it all at once! Just save my guide somewhere on your computer and refer to as necessary. Just follow everything I said step by step, and start to understand things one by one! You'll soon find you don't even need to refer to this guide any longer! After a couple weeks, you'll find yourself getting the hang of the Stock Market and no longer require my assistance. After a couple months, you should start seeing the profits roll in, and within several months you should be a millionaire! Maybe you'll even get the awesome avatar, which you get by *CENSORING BLEEP AGAIN*. Not that difficult, right? Happy buying and selling!

 
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