If you wanna get high — your share price that is, try some good stuff — some leader board shares. They are expensive, but so worth it. You will be flying high in no time.
You might think, buying an expensive stock on Empire Avenue, just does not make sense. If you own a 20e stock and it goes up 2e, clearly that’s a 10% increase for you. That same 2e on a 50e stock is only a 4% increase. Despite that, I own 200 in Adriel Hampton (Ticker: ADRIEL) I have also just bought an upgrade so that I can buy more of his shares. What’s more is that I hold many expensive stocks. Understanding why I do this is one of the best insights you can get to maximizing your share price on Empire Avenue.
Next, the numbers behind owning top influencers.
The reason I own so much of Adriel is simple. He owns 400 shares of mine. And, getting people to buy your stock is the single best thing you can do to increase your wealth. The people that are most able, and therefore, most likely to buy your stock are those with significant wealth. Those with the most money are almost always those with the highest share price.
Particularly in the short term, people buying you is more important than dividends and it is far more important than stock prices going up and down. Let’s look at some numbers to illustrate the point:
Let’s say you were considering buying 100 shares of mine today at 50 eaves each. You might be worried about my shares taking a drop after I have risen so much. After all, I have gone from 10e to 50 e in under a month. For the purpose of this discussion, let’s assume my share price takes a 5-point drop through the week. Now, this would be pretty extraordinary because since my time here, I have only had one day where I was down and that was 0.2e. However let’s use 5e anyway. Let’s also assume that your share price is 20e and that I match your buy of 100 shares.
On 100 shares, a 5e drop would cost you 500e. However, the money you make from the return buy more than offsets that. You get half of your share value from others’ purchases. So, 100 shares at 20e is going to produce 10e a share or 1,000e overall. You would be up 500e, and you are up right away. The likely reality is even better. Those atop the leader board got there for a reason, and it’s unlikely they will drop big. If they start dropping or do not buy you back within a couple of days, you can always sell and move on.
Dividends are important, but people purchases of my shares gives me the cash to own stock that produces those dividends. On Saturday night, I earned about 5,000e in dividends. However, over the course of the day, I earned over 30,000e from people buying my shares. A single buy of 100 shares would give me 2,500e. Yesterday, I had someone buy 300 shares.
There are other benefits too. You get a big boost in your stock price. The person you are buying also has an incentive to buy more of you because he or she wants you to buy more too. In my experience, people that buy a lot in each other just keep buying. If you are both keeping your stocks positive, you will be maxed out with each other in no time. Finally, remember that the Empire Avenue market makers not only keep track of how many people are following and investing in you, but who is supporting you. It is to my benefit in several ways that someone like (e)ADRIEL wants to own my stock.
So, if you are looking for the ultimate buzz, the buzz of making lots of money (okay fake money), try some of the good stuff.
What do you think? Are you still nervous about buying expensive stock? Have you had success with this strategy already? Let us know.
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