soleilduplomb
Member
Reged: 22/08/2003
Posts: 430
Loc: NYC
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I've built one but I've had an average of 125,000 'shares' in my portfolio for the past month because i've been selling at the same rate i was buying (1000 a day).
how do people invest more than 2 mil in the market? should i just stop selling?
the problem is that you only buy 1000 a day but by the time you have like 2 mil in there, there's usually always some stock going for 50 or 60 and you usually have around 4000 in it so you end up selling at the same rate you buy
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StarryDraik
Tinsel Terror
Reged: 05/02/2003
Posts: 8980
Loc: Upstate
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Many people buy as you do, but don't sell until stocks reach over 100/share. Since this happens rather infrequently, that's why their stock portfolios are so large 
However, you DO get a nice payoff after all that saving when a stock does hit 100+.
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soleilduplomb
Member
Reged: 22/08/2003
Posts: 430
Loc: NYC
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well i still see some problems in that but thanks anyway. i have nothing above 50 now so i'm not going to sell anymore
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tommyboy
Member
Reged: 30/12/2006
Posts: 4
Loc: Michigan
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Some stocks never reach 100 though and never have, so you need to decide how much return you want for your investment. I look for around 300 to 400 % return on most stocks and I'm happy. I sell off just a bit at a time, so if a stock does creep toward triple digits, I still have some shares to sell. Most stocks will jump up to around 40 to 60 and drop again. Some stocks more than others... checking stock charts is a bit help on how to best diversify your portfolio for regular great returns! If you have had the patience to get your portfolio over 100000 shares, you are way ahead of many people. Most dont have the knowhow or np to do that much! Just keep buying your max every day and wait for those big stock jumps! ts
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soleilduplomb
Member
Reged: 22/08/2003
Posts: 430
Loc: NYC
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yeah most people can't afford to sped 105k a week. thanks for the tips
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Summernight
The Procrastinator
Reged: 19/02/2005
Posts: 2951
Loc: Ness
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I've been selling whenever I catch one of my stocks above 60 NP/share.
For the past 3 months my portfolio has been going down because a lot of the companies have gone above 60NP/share. However I missed the stock which went above 60 this month, and so it has been growing back up again.
It is simply persistence and always making sure to buy the maxiumum amount of stock every day which will slowly grow your portfolio.
Oh, and don't stop selling your shares. Maybe raise the sell point just a little higher and stick to this sell point. (So if you're selling at 50-60, maybe start to only sell once it goes above 60 and not any less)
Do you really worry about having a low number of shares when you are getting so much profit from selling those shares? I don't. 
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JoeSomebody
Member
Reged: 25/07/2005
Posts: 124
Loc: Somewhere in Wisconsin
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i've started investing in the stockmarket late in my neopets experience. It took me awhile to realize i HAVE the finacial backing to spend 105k a week in the stockmarket, as i have 2 million in the bank. only have 45,650 shares at this point, due to me not taking advantage of the np surplus i'm not using. suppose i better start.
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kobe0007
Member
Reged: 29/07/2003
Posts: 2155
Loc: Pacer Country
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I am one of those crazy people who invests tons. In March I had over 4.5 million in stocks. I sold tons off because they reached 60 (my selling point for almost all stocks). I now currently am building back up, 3.7 million currently invested with the current worth of 4.5m.
One thing that I have learned is to use NeoDaq.com a whole lot more. Anything ranked C or below, I refuse to buy. I have had some of those C-F stocks in my portfolio since I began buying stocks 2-3 years ago!
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JoeSomebody
Member
Reged: 25/07/2005
Posts: 124
Loc: Somewhere in Wisconsin
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Quote:
I am one of those crazy people who invests tons. In March I had over 4.5 million in stocks. I sold tons off because they reached 60 (my selling point for almost all stocks). I now currently am building back up, 3.7 million currently invested with the current worth of 4.5m.
One thing that I have learned is to use NeoDaq.com a whole lot more. Anything ranked C or below, I refuse to buy. I have had some of those C-F stocks in my portfolio since I began buying stocks 2-3 years ago!
don't all stocks eventually make some profit, no matter what the grade they are given? It's usually better to invest in the stock market than saving in the bank, and then you are at least guarunteed a larger comeback than you would get it sitting in the bank.
and i'm glad to hear it's possible to go investment crazy.
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Summernight
The Procrastinator
Reged: 19/02/2005
Posts: 2951
Loc: Ness
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Quote:
don't all stocks eventually make some profit, no matter what the grade they are given? It's usually better to invest in the stock market than saving in the bank, and then you are at least guarunteed a larger comeback than you would get it sitting in the bank.
and i'm glad to hear it's possible to go investment crazy.
Yes, all stocks might go up to your sell point at one time or another and so you make a profit on your original investment, however if you buy lots of a C-F grade stock (the grades are given by the number of times they reach a sell point and the interval between these 'peaks') you could be missing out on some A grade stock which you could have bought instead.
If a stock never reaches your sell point for 2-3 years, it is better to put more money in other stocks which will give you a profit faster (ie. the A & B grades).
I have 301,000 shares (been going up and down alot with the recent sales). That is just over 4.5 million NPs (with a current worth of 5.5 million). At this point in my investing I go for diversity, and so I buy whichever stock is at 15 NP/share that I have the least of. It takes most of the guesswork out of it.
I'd probably consider myself investment crazy. But it is my only income (apart from Food Club). It is really fun to have a stock reach 70NPs/share and then sell it.
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GoPets ID: Summernight | Neopets ID: Summernight007 | Subeta ID: Summernight
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