Bank Upgrading!

[LordPsycho]

I finally found a copy of the Vault mod, and have started to do addition. This will be taking hte place of our bank system completely, and yes, your account info will transfer. But to keep things constant while I do the mods, I have shut down the bank.

[LordPsycho]

Well, it is done...Our bank has been officially upgraded. And with loans now. But I still dare Goron to take out the maximum loan and try to buy the Sanity Blade.

We also have a stock exchange, with a couple of companies added from what I can recon. If you have suggestions for Companies that you would like added to the stock Exchange, please leave a post in the Suggestion box

[Goron40]

YES! You did it! Finally! I proposed this like a month ago...

*Runs off to get a loan*

[Micheal_Rawlings]

What outrage is this?! I own the Corporation and I don't get any stocks?! Dammit, fix this!

[LordPsycho]

What did I say Goron..."I finally found it". The sucker was hard to find.

[Till Doyle]

Ah, yez, zharez. At long lazt. Vhy have ve Corporation memberz not recieved automatic zhares?

Zis needz to be fixed.

[LordPsycho]

It would be fixed, but I can't edit people's stock...you'll have to buy them and I'll re-imburse you for it...consider it a stock option deal

[Leporidae]

Yay for stocks! This will be fun >

[3kul]

Very interesting addition to the Dojo there DP - makes me wish I understood how the stock market actually worked . A couple of questions though:

Is there a limit to the amount of stock one can own (and majority ownership?), or is stock just unlimited? Also, are stocks determined by something specific or just random numbers?

[LordPsycho]

No, there is no cap on the number of stocks out in trading (unlike the real markets). There is also no way to distribute dividends if a corporation has a profitable quarter/fiscal year/whatever.


Stock market basics, stock market basics...Your lucky, my Associates degree was a managerial one

Stocks and Bonds are another kind of asset, which is a type of account. Other accounts considered assets are cash, land, equipment, vehicles...basically the stuff you own.

When you are buying stock, what you are doing is trading one kind of asset for another, with the hope that the new asset's value will rise relative to the old one, or in english, the stock's price will go up.

Because of this asset trading concept, you technically don't lose money on a stock that's going downhill until you sell it for a loss or the company goes bankrupt (isn't going to happen here, so we'll skip that one) But a poor stock will reflect on your portfolio. Because stocks are considered an asset, they are figured into the equation when you figure out your net wealth (Assets minus debt). If you have too much of your money tied up in stocks, and too many stocks go down, it will literally cause your entire net wealth to go down with them. The key is finding a good balance of how to spread your assets. Keep some in cash, some in CD's (Certificates of Deposit, not Compact disks), some in stocks and bonds, and if you are feeling risky , real estate, (a somewhat dumb move personally with the real estate market in it's current shape), If you ever become rich, do not buy 20 cars...Cars, in general, are the poorest investment you can possibly make, they will most assurdly going to deflate in value over time.

And remember, the number one fundamental rule of stock marketism: Buy Low, Sell High. May seem simple, but that right there is a powerful concept, and will help you succeed in the Stock market.

[addman]

The most typical way to play the stock market is to purchase stock in companies. Basically, you invest in companies who are currently worth a little, but you expect to go up in value over time. If/when that company becomes successful, it's stock will increase accordingly (to do with profits and financial gain of the company), and it's best to sell before the stock decreases in value. If it flops, then you'll loose out.

This may be wrong, but it is my understanding of the stock market.

I see we can buy stock on the various groups here, but what determines the value of the stock? Active members? RP ability? Or is it your percieved influence of that individual group at the given time? If it's the latter, then that's a lot of work for you.

If anyone wants a little friendly advice on what is the best idea to put their money on, see me, for a small fee of course

[Danikat]

Do events in the dojo at large affect the stock market?
For example if the Corperation was to suddenly take over a large chunk of the Dojo would their stock increase in value?

And conversley do events in the stock market affect the Dojo?
For example if someone bought a lot of stock from the EC would it give them a lot of extra funds with which to do...whatever it is the EC do with extra funds?

Since you said there is no cap on the number of stocks I assume that means its impossible to have a controlling majority, so I couldn't take over the Corperation by buying 51% of their stocks.

And since companies won't go bankrupt and theres no dividends I assume that other than that it works essentially like the Neopets stock market:

You buy stocks when they're cheap. Then wait for the price to rise and sell them for profit.
And the only way you can lose money (unless you're stupid enough to sell stock at a loss) is if a stocks price drops and stays down indefinately.

Sounds simple enough. Me and my money may well have fun with this.

[LordPsycho]

That's a decent understanding of the stock market, but the price is actually set by a supply/demand curve. When a company is profitable, more people want that stock, so the demand curve shifts, and a new price is set.

However, looking at the guts of this system, I'm afriad that it's a random number generator involved with determining whether it goes up or down...

[3kul]

Looks like now I own 1.8% of the Corporation and 8.9% of the Blackstar Dojo... See you all at the next shareholders meeting

EDIT: Actually, I was wondering something - is it possible to see what stock other people have, or can we only view our own?

EDIT2: Ah, nevermind, I found it myself - bottom of people's profiles has a little table to display that kind of thing.

[Danikat]

Possibly a stupid question but is there anything to tell us how much a stock was worth when we bought it?