Welcome to Wall Street
Day 1,480, 12:17
•
Published in USA 
•
by
•
by csabo07
Hey everybody!
csabo07 here with some words of advice for economic success from an abstract viewpoint. With the disappearance of the ERX stock exchange long ago, many may have taken their focus completely off the idea of investing. However, there IS and always has been a stock exchange going on in eRepublik in the form of commodities.
A commodity is "a raw material or primary agricultural product that can be bought and sold, such as copper or coffee." In the real life stock market, an investor is able to buy and sell these commodities in order to make a profit. All they need to do is sell their shares at a higher price than they bought them. Simple, right?
This same concept applies to eRepublik as well. Goods produced in erepublik are no different than real life commodities. By buying and selling products in the game, a large amount of profits can easily made with just a little luck in patience. Here's an example.
Assume grain is currently selling for 0.22 USD per unit, and I buy 10,000 units. The net worth of that purchase is now $2200 USD.
Now let's assume the next day, the demand for grain goes up, and the new price is 0.27 USD per unit. If I sell my 10,000 units of grain, I will get $2700 USD.
2700-2200= $500 profit!
For this technique to work to its fullest potential, it's necessary to take a second and observe the economy and elements that effect it.
Are prices going up?
Are they going down?
Are we in a serious war?
Is the price of gold changing?
These are all questions to ask yourself before making a smart investment. For example, if we are about to enter into an epic war, citizens will be more likely to buy food and weapons than they usually do. That means the demand of grain and iron will be higher, and prices will rise. If you buy those raw materials just before the change in demand goes up, there's a promising opportunity for good profit.
The beauty of this game is that the economy is relatively stable. That means there is generally a small amount of risk in investing, good news for anybody who adopts this idea. However, keep in mind that big profits usually require big orders of raw resources, and you may need a few extra storage sheds to store it all. If this is impossible for you, this really shouldn't be a problem if you just invest in higher price units such as Q5 tanks.
I wish the best of luck to all of you who give this a try!
________________________________________________________________________
Girl of the day
Lame Joke of the day
What did the farmer say when he lost his tractor?
-Where's my tractor?
csabo07 here with some words of advice for economic success from an abstract viewpoint. With the disappearance of the ERX stock exchange long ago, many may have taken their focus completely off the idea of investing. However, there IS and always has been a stock exchange going on in eRepublik in the form of commodities.
A commodity is "a raw material or primary agricultural product that can be bought and sold, such as copper or coffee." In the real life stock market, an investor is able to buy and sell these commodities in order to make a profit. All they need to do is sell their shares at a higher price than they bought them. Simple, right?
This same concept applies to eRepublik as well. Goods produced in erepublik are no different than real life commodities. By buying and selling products in the game, a large amount of profits can easily made with just a little luck in patience. Here's an example.
Assume grain is currently selling for 0.22 USD per unit, and I buy 10,000 units. The net worth of that purchase is now $2200 USD.
Now let's assume the next day, the demand for grain goes up, and the new price is 0.27 USD per unit. If I sell my 10,000 units of grain, I will get $2700 USD.
2700-2200= $500 profit!
For this technique to work to its fullest potential, it's necessary to take a second and observe the economy and elements that effect it.
Are prices going up?
Are they going down?
Are we in a serious war?
Is the price of gold changing?
These are all questions to ask yourself before making a smart investment. For example, if we are about to enter into an epic war, citizens will be more likely to buy food and weapons than they usually do. That means the demand of grain and iron will be higher, and prices will rise. If you buy those raw materials just before the change in demand goes up, there's a promising opportunity for good profit.
The beauty of this game is that the economy is relatively stable. That means there is generally a small amount of risk in investing, good news for anybody who adopts this idea. However, keep in mind that big profits usually require big orders of raw resources, and you may need a few extra storage sheds to store it all. If this is impossible for you, this really shouldn't be a problem if you just invest in higher price units such as Q5 tanks.
I wish the best of luck to all of you who give this a try!
________________________________________________________________________
Girl of the day
Lame Joke of the day
What did the farmer say when he lost his tractor?
-Where's my tractor?
Facebook
Twitter
Discord
Comments
Only problem with this theory is that the price will fluctuate within minimal decimal points triggered by price competition by myself and other large businessmen which last only momentarily and trade in tens if not hundreds of thousands of dollars.
Usually we sell at market price or at a minimum and if we don't find a correct market price we hold unto most of our supplies. This goes for most businessmen here on erep. Producing is definitely the best way to make money. The best 100% money making way from investing is currency trading. Go for highly traded currencies: ARG, Argentinian currency, japanese currency, chinese currency
In the game
True, that is why it requires persistence. The gain will always be subtle when compared to steady inflation and enormous trades, but it's still very possible. I've been doing it for a while now, and the return can be pretty generous if you play your cards right. It's all about playing supply and demand.
I like the article though I'll sub I want to read your next article
That joke wasn't lame!