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Wed Jun 23, 2004 4:04 pm
How does the stock market works?
I may sound stupid.
But i really can't understand.
Wed Jun 23, 2004 4:07 pm
Very very simple. You basically buy shares from a range of companies. this nps are invetsed not spent. You wait for the value of the company to rise and at that point you sell. You can only lose np if you sell for a loss (sell for a value lower than what was bought for) or if the company goes bankrupt which is not very often. it's easy to recover from bancrupcy if you diversify ( if yuo invest in different companies)
You should go to neodaq.com and read the investors guide. It will answer all your questions. if you still have more question you can post at the forums, there will be many people who can help you there.
Always buy at 15!!!
Fri Jul 02, 2004 7:11 am
Also good to note. Stocks are NOT an item. If you buy 1000 shares of stock you don't actualy get anything in your inventory. The stock market section of the site just records that you have that much stock in that company.
I would also recommend buying at least 500 shares of a company at a time (1000 is best) or else you won't make much profit.
I wouldn't invest in the stock market unless you have at least 100k and can afford to have it sitting around for an undetermened period of time.
Just go everyday look and buy whatever is at 15 (or 16 if you need to) And try to get as many different stocks as you can. Pick a selling point (some people start with 30, others use 50 or 65, i'm not sure what mine is) and sell your stock whenever it goes over that value.
It's a slow but steady way to earn np and honestly something i wish i had started much earlier.
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