Neopets Stockmarket Unscathed?
As a little breather from the usual post, I decided to post a little entertainer.
As most of you would have witness, we are going through a pretty major economic catastrophe in the world today. Stock markets around the world are really volatile and are under great selling pressure. Banks are failing and people are worried that their savings might be gone. Retirees fret about their retirement funds as markets sink.
The only place that seem untouched is the Neopet Stock Market.
As you can see, my holdings in that stockmarket still maintains a healthy 14% gain. My portfolio was built from scratch since 2001. Using a very simple way of investing, I just bought low and sold whenever I needed the extra to buy low priced stocks. There are some companies in the neopet stock market that went bankrupt but my overall portfolio still maintains.
So just as an advice to all. In these trying times when stock market prices are at 3 or 5 year lows, it might be good to start buying cautiously or slowly into defensive, high yield and oversold performing stocks. When there is deep fear in the markets, simple investors who buy into stocks when everyone is offloading rep the most benefit over the LONG run. Remember, buy at this time is very uncertain. Yes it might go further down but at mot gurus say, over the long run, this would show as a small blip in the charts in the future.
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