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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