| Author |
Message
|
| Im Not Warren Buffett |
 Posted: Tue Dec 06, 2005 7:01 pm Post subject: Didn't Want This But... |
 |
|
CFO
|
I think the return percentages for collectibles are wayyyyy to high. Look at the compounding rate. You say they increase in value 3% per month, which I am taking as a compound return. This means that they go up almost 45% in a year!!! Housing is even higher, 4% compounded 12 times is roughly 60%!!!
I don't want to short circuit this idea, but thats a wee bit high. Even if you do a simple return, you are still looking at 36-48%.
Does that percentage returned go into the stock calculator? |
|
| Back to top |
|
 |
| Benjamin |
| Posted: Tue Dec 06, 2005 7:09 pm Post subject: |
|
|
Administrator
|
That % rate is in no way affiliated with the stock market sim.
The selling price will go up that much every month so it'll just be a bit extra cash you can make when you do sell. It's not really real-time for those items. If someone owns an item and been around to care enough for a year we'll make it worth their while.  |
|
| Back to top |
|
|
| Im Not Warren Buffett |
| Posted: Tue Dec 06, 2005 7:15 pm Post subject: |
|
|
CFO
|
| One other thing - is the 3% increase happen all at once at the end of one month holding, or does it slowly grow each day? |
|
| Back to top |
|
|
| Benjamin |
| Posted: Tue Dec 06, 2005 7:20 pm Post subject: |
|
|
Administrator
|
It is all at once...but if you haven't held it for at least a few days I'll make sure you don't make anything off it.
It's really not worth it for people to try to take advantage of the new system. You might make a few extra e$...but your only cheating yourself!  |
|
| Back to top |
|
|
| Im Not Warren Buffett |
| Posted: Tue Dec 06, 2005 7:24 pm Post subject: |
|
|
CFO
|
| I'm all about breaking the rules... and cheating has such a negative connotation, its merely taking extraordinary measures to benefit yourself. At least thats what I'm going to tell my Calc teacher in the event he notices my test taking strategy. |
|
| Back to top |
|
|
| Benjamin |
| Posted: Tue Dec 06, 2005 7:27 pm Post subject: |
|
|
Administrator
|
| And hey, If you want to buy one of everything that is going up on the 31st and then sell it on the first...I probably won't say much. You invested and you made e$ you can use in your portfolio. Thats what eInvesting is all about! |
|
| Back to top |
|
|
|
|
stock market game on the web. At eInvesting you compete for monthly cash prizes while you interact, make virtual dollars, purchase items, and trade in the realistic stock market simulator. We make investing FUN!
