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The Stock Market is a powerful tool that can make millions of NPs if used correctly. However, most Neopians either don't understand how it works, or are too afraid to invest the NPs it takes to turn a profit. Though the Stock Market is not difficult to play, it does take faithful investing, patience, and a significant savings of at least 30,000nps.
Yeah. Ouch.
You play the Market by buying "shares" of stocks when they're cheap and selling them off when they rise in value. Though the value of stocks change every half hour, they tend to drop in value before they rise within a selling range. Don't get discouraged if you buy a stack of shares only to see them drop in value. You don't actually lose NPs until you sell, and the shares are all but guaranteed to rise in value if you're patient.
Let's say you buy a share for 15nps on Monday. By Thursday, it may only be worth 8nps. If you sell now, you lose 7nps. However, if you wait a week, that same share may be worth 20nps. Sell it at 20nps and you make 5nps!
Granted, 5nps isn't that much, but if you buy in bulk, the numbers multiply. For example, if you buy 1000 shares at 15nps per share, you spend 15,000nps. In a few days, that stock might be worth 20np - or 20,000nps total. Sell it and you'll make 5,000nps!
If you're patient, that stock could go up to 50nps, in which case you just made 35,000nps!
Do you see now how you can make millions at the stocks? The key to being successful in this game is to invest everyday - whether you're turning a profit or not. Even if your stocks are low, they could double in value in a matter of weeks, even days. Seasoned players have millions invested in the market - and they get there by putting a little more in everyday.
Ideally, you should buy 1000 shares of whatever stock is selling at 15nps, then sell it at 45 or 50. Some even wait until 60!
Here are a few tips to get you started:
- Try to save up as much as you can. 30,000nps is a good start if you're only investing a few thousand per day.
- The absolute cheapest you can buy a share is 15nps, so never pay more than 15 or 16nps for any given share
- Pick a set number of shares to buy every day. (Veteren players buy the maximum 1000 shares per day.) Whatever you decide on, STICK WITH IT!
- Try to buy a different stock everyday. The more different stocks you have, the more likely it is that one will be on the rise at any given time.
- Pick a selling price. Everyone has a different price, but 25 is enough for starters. 30 is also a nice number since it's 100% profit. Whichever works for you is fine.
- Once you pick a selling price, never sell below that price.
- Never EVER sell at a loss!
- When you sell your stocks, Nigel the Chia charges you 20nps. Annoying, but there is no way around it.
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