I make most of my NPs from the stock market, and it does require a lot of patience. I have over 1 mil in shares (around 70k shares in over a dozen companies.) The most important thing with the stock market is being patient... I wait until my stocks are at 50 or above to sell, and I've made a couple million since I started playing a few months ago. If you sell around 30 you won't make half as much as you would being patient. Just buy 1k of shares at 15NP a day and your portfolio will eventually get huge - and then almost every day you have a new stock to sell. Hope this helped somebody (thinking about writing a longer guide... should I?)
My Port totals Totals: 263,007 3,993,848 4,991,333 +24.98% I have been playing the stocks seriously for almost two years. When you reach about 225-250K shares your port will reach 'saturation'...meaning you will sell just about as many shares as you buy. So growth starts to slow down. Once you reach this mark though, you will see 1mill+ PROFIT per month on a regular basis. Simple rules: 1) Buy 1000 shares a day every day. If you can't afford 1000 shares; buy as many as you can afford 2) Buy at 15-17. I personally don't buy at more than 15 unless I just absolutely have to. 3) Sell at 60+ (only sell before this point if you are in need of the neopoints) 4) NEVER SELL FOR A LOSS. Stocks will rise and fall, but the only way to lose neopoints is to sell lower than what you paid for them. (or the uber rare bankrupt stock happens) 5) Try to diversify your portfolio as much as possible in the beginning. Ever heard the saying;"Dont put all your eggs in one basket"?...Hyperstocking (buying alot of one or two stocks) should only be done AFTER you have established a balanced port. You may get lucky and the stock you start out hyperstocking ends up going up right away...but in the long run you will lost NPs. If that one stocks happens to bankrupt; you are SOL. Other than that; there are alot of different ways and theories to buy and staggered sell points. But those basics will do you for now. I can go more into depth later on those if need be. Hope that helps BTW. In the 24 months since I started keeping record; I have PROFITED 16,465,000 NPs
I dont have much NP to spend though I have about 580k I might buy stocks like 4 times a week or something like that.. i found a really good guide on someones petpage and I decided to follow it . I envy those people who make millions and have those awesome stamp avatars
I have been investing in CHPS lately, because it's only at 15 NPS for the past few days. If you really want to get in-depth as to what stocks are better than others, visit neodaq.com. They have very detailed information about each stock.
you can never have enough of stocks... i think the best stocks to buy are the ones at 15/16/17...i try to diversify my portfolio so i sometimes buy the ones at 18. and yes,it's good to have more than a 1000 shares in each company...you can sell some of them at 60 and then wait to see if they rise and sell the others at a higher price.
yay my stocks went up 2k overnight , but they can just as easily go down . I bought some more stocks today at 15 np
Very good advice. I have been a Neodaq member(the forum) for over 2 years now. Great group of people with a wealth of knowledge; not only in stocks but other things as well. The information provided for stocks is invaluable.
yeah i dont' tend to ever get another 1000 shares of something i already have... i like variety.. tehe!
i use to buy lupe stocks when they were under 50 because they would rise to 100 often but lately they have dropped to less than 15 and ive sold them lol...major loss
Every day, I just buy 1000 stocks at 15np each. I don't really care which stock it is :lol: And when they reach 60, I sell them