If you've been playing Animal Crossing: New Horizons a lot lately then you'll no doubt be familiar with the "Stalk Market" – the act of buying up turnips in-game and selling them for a bumper profit before they turn bad.
According to a new report by Bloomberg, this process is giving gamers a taste of real share trading, and they're using the same skills to make actual money. Take 24-year-old commercial property manager Angie Fung, as an example. She became so focused on making bells in the game that her boyfriend suggested she try real-world stocks and shares.
"That was the aha! moment," she tells Bloomberg. "They’re kind of the same thing, concept-wise." Fung invested around $1,000 in cybersecurity firm Palo Alto Networks Inc., Nvidia Corp. and payments processor Square Inc, as well as putting some cash into COVID-related penny stocks. "Now I’m like, ‘I’m going to drop a thousand dollars on this random stock.’ It doesn’t feel like it’s real money. I’m not emotionally attached to my money because I started off from a video game."
Student Jessica Amado also claims that playing the turnip market has taught her a lot about the art of buying and selling shares. Her father – upon discovering she was trading turnips in Animal Crossing – gave her $120 to invest in real-world stocks. After buying up 20 shares of Plug Power Inc. earlier this year at $5.60 a pop, she unloaded them once the share value passed $10, bagging herself around $100 profit.
Just like in Animal Crossing, picking the right time to sell is important; the Plug Power shares have continued to rise since she sold her shares, which means Amado has missed out on even higher earnings. “I do wish I held on to it longer," she tells Bloomberg. "But I don’t regret it really because a profit is a profit after all. It was a good decision at the time when money was hard to come by during quarantine.”
John Poelking, a senior gaming analyst at Mintel, feels that there are some key similarities between video games like Animal Crossing and share trading. "The stakes are a lot different because it’s in-game currency versus real-world currency, but it’s still an investment. You feel hurt when you lose out on in-game currency. Even though it’s not real, it feels real to you."
Indeed, robo-advisory firm Betterment has even gone as far as to use Nintendo's best-selling life sim to communicate basic trading concepts, such as supply and demand, arbitrage, and how to assess the value of stocks. According to Betterment, the game shows that short-term investments carry risk and that keeping your eye on your "portfolio" is a lot of work. It also claims that Animal Crossing showcases why a diverse portfolio of investments is sensible.
However, not all lessons in Animal Crossing transfer to the real world. Software engineer Kurt Boyer created an algorithm to predict turnip prices for Animal Crossing: New Leaf, and he felt that what he had learned would help him make real money – but (perhaps unsurprisingly) it wasn't quite as simple as that. "In Animal Crossing, there are patterns you will see and they indicate 100% of the time what will happen the next time the price changes. In the real stock market, there are hundreds if not thousands of patterns that traders study and with each pattern, there is a chance that it will indicate a future price movement. However, it isn’t a guarantee."
Just what the world needs, more traders. Eugh.
I was actually thinking about stock exchange to because of this game lol
So basically gone from virtual to real life gambling.
This is kind of sad haha
How about people also learn that giving gifts and sending letters to your friends and neighbours is fun. That growing fruit trees and tending to flowers makes their surroundings nicer. How about an appreciation for art and music? Maybe even encourage them to take up a hobby such as fishing, decorating, landscaping or star gazing?
I don't understand real life stock markets...but I don't understand Animal Crossing's stalk market either.
I play for 10/20 minutes a day and still have far too many bells, and that's without turnips.
I wish I could trade in my bells for IRL currency
"In Animal Crossing, there are patterns you will see and they indicate 100% of the time what will happen the next time the price changes"
This is the reason I quit buying turnips, the system is pre-programmed rigged. If it was random, even within a set range and certain % for certain values I may have kept buying, but it's programmed. Once your in the decreasing week it kills interest.
If the wanted to make the stalk market like the stock market Isabelle would tweet whenever you turned the game on and the price would go up or down depending what medication cocktails she was mixing. 😂
@nessisonett um, why is that bad???
@theiRiS Because capitalism is just a legitimised casino. Money is thrown at stocks without any equal value in goods. Value is only added in production, while the free market redistributes value that has already been created through production. In practice, this means the stock market is trading in money without any equivalent value in the production of commodities. It’s trading in a promise of future value, which is essentially gambling, as this future value could either be delivered or not. Marx describes this as ‘financial alchemy’, creating money out of money, with no basis in actual production. This means that the free market is just a casino where you can bet on companies that may or may not return genuine rewards.
I just visit other people's islands. Its time consuming and a pain to wait. But its better than being at the mercy of your own island's prices that may never ever see a decent spike. Though one day, I got extremely lucky and my turnip prices jumped to 569. I mean, it was paltry as usual during the week and even that morning, it was horrid. And then I check after 12pm and it jumped. It was nuts
If you bought 10 Switches at discounted prices and sold them during the quarantine a few months ago, you can easily sold them at double the price (earning thousands of dollars) with Switches out of stock everywhere.
That is a better real life lesson from selling turnips.
@nessisonett while the market is ***** up, the original principal is to fund a company that doesn’t have the necessary capital.
Marx also believed everyone would share. Lmao
@Trajan Marx’s theory isn’t rooted in reality, it’s a utopian view of what could be. The principle idea is that you would work towards a communist society, in the same way that you would work towards a utopian society. Human nature makes that relatively impossible.
Plus, funding a company without necessary capital might be a valiant idea but there shouldn’t be an element of chance. When countries’ tax money is going directly into speculation, it means private citizens are funding companies who might not ever actually deliver their own value, all while the owners siphon funds in ‘bonuses’ and ‘expenses’.
@Shamrock Mostly fruit, I have a lot of trees with every type. Fossils help too, especially if you have finished that part of the museum... just sell them all!
@nessisonett I totally agree.
Huh. A lot of hate for the stock market here
Isn’t trading a form of gambling? There’s a reason gambling in many forms is illegal. It’s very dangerous. The legal forms should still be avoided.
You might as well play the lottery while you are at it, its basically the same principle. You put in money to potentially make more money. You make more or it could tank and you have no money. But whatever if people want to play that game then fine, but I’m not going to enter that rat race
@nessisonett @Trajan I still don't see why that's a bad thing. Doesn't trading allow businesses to grow exponentially? Are you saying that private trading is fine but public trading is bad? In my eyes trading isn't bad, this past year I made $150 on robinhood easily. I would compare it to gambling on a sports event but more predictable. I'm still in high school and haven't taken a class in economics btw so excuse my ignorance.
edit: In fact what happened in this story coincidentally happened exactly to me, my dad gave me $100 for the stock market and I was able to double it. I actually reinvested it and now I'm making even more money.
@ALinkttPresent, legally it is not a form of gambling in most places I belive.
@theiRiS You’re making money for now. As with any gambling, if you keep reinvesting then eventually you’ll go bust. Learning when to cash out is fundamental. I personally don’t like businesses growing exponentially through trading as the way I see it, businesses should grow within their means. Businesses should provide their value back in services or goods instead of this phantom money exchanging between individuals and corporations. This is how we’ve ended up with investment companies, who make a profit solely trading in securities. They’re creating wealth from other wealth without that going directly into the creation of assets. It’s a rigged system designed to keep the wealthy wealthy and the poor poor.
Some people are making bank from trading turnips after they invented the turnip exchange website. https://turnip.exchange/
@nessisonett I think the first part is true and theoretically, you should get your investments worth with dividends, even though that's never the reason you invest in a stock. But I think that's mostly the investor's fault if they invest in a business that hasn't delivered anything at all. If people go into debt because of stocks that's their fault as it would be if you go into debt for gambling. I think it is much much easier, though, to make money off of stocks. My grandpa once told me a story, true or not, that a man found a pencil on the ground and kept it and traded it for a pen and traded that pen for a pack of gum, and kept trading and working his way up in value until ten years later he traded for a house. If lots of people are able to gain from the stock market I don't see why it's a bad thing. I think it's just a matter of educating people on smart ways of doing so.
edit: maybe that story wasn't the best at proving my point but it's a good story lol.
This is actually exactly what happened to me. I started investing in stocks less than 2 stocks after playing ACNH. I was slightly too late to benefit from the mid-March stock crash, but I've managed to accumulate over $1000 in only a few months.
At least Turnip Commission rates are low, Lol
Making a future business lady, only time will tell is she will stick with it or be a dilettante...a little Miss Nook
@theiRiS your perspective may be narrow and influenced by people who may have seen relative success under the systems in place that allow for finite gains.
The capitalist system relies and thrives on inequality. The rich get richer not through exponential growth, but by exploiting the lower class and ensuring inequality exists so that they can comparitively maintain their status/wealth/power/control.
Capitalism isn't good and the blind optimism towards thinking "it will all work out" is effectively and ultimately killing our planet.
@Coach_A a little dramatic but yeah I see what you mean. I am a little biast toward capitalism because everyone I know personally thinks it’s best system but I honestly try to see both sides of the argument. However, (and you might completely disagree with me) capitalism is basically the only type of economy that has people thriving. I assume you have a more socialistic point of view on things and theoretically socialism is a should work for everyone, however, there are a lot of countries who try this but it fails miserably. (I live in a small town in PA, my family is middle class and I need to rely on myself for a car and college. So I’m not benefiting from the poor in case you were wondering)
edit: I’m not trying to say you’re wrong and your ideas are bad I’m just showing you my point of view. If you want to explain why I’m wrong I don’t mind at all, less ignorance for me.
edit 2: I think we opened an entire can of political worms on a Nintendo website lol
@theiRiS if you had to simplify the issue of capitalism down to one term it's that it makes us forget we are not exempt from the laws of nature.
Nothing in nature takes more than what it needs. By doing so, you're killing your tribe/pod/herd/flock/etc. and putting yourself in a vulnerable condition. Capitalism "thrives" on the ideology that if you have a nothing, you're miserable. If you have a little bit (food, shelter, warmth), you're happier. Therefore if you have lots, you can reach an unachievable state of perpetual bliss. Even if we know that to be untrue, our culture suggests this is the path to "winning" life.
@theiRiS I know, I even mentioned that in the comment you replied to.
@Coach_A generally speaking, when a person creates a successful business they contribute to society by offering a good or service that was previously scarce or non-existent. This pushes humanity further along for the good. What was that persons motivation for creating said business? Money. That's what it all comes down to. And what do they do with the money they earn? Most of the time they use it to push their business further and keep some for themselves. This is undoubtedly a good thing that should not be altered.
@theiRiS except these "things" that supposedly "push us forward" are usually entirely unnecessary and cause damage to our finite planet through the abuse of workers, resources and destruction of land.
Pushing businesses forward is based upon maintaining profitability which means selling things for far more than they're worth at the expense of 90% of any company's employees who work for the bare minimum time/money the company will allow to remain profitable at the expense of employee quality of life under the illusion that they'll be given opportunities if they "work hard", which, in reality, merely cements them in their place as their hard work in that position strengthens the top 10% of any company and creates a safety net.
Humanity is an anomaly of nature that deems itself above others of its own species and of the natural world in which it comes from under capitalism. Inequality creates poverty and poverty leads to overpopulation - the number one cause of the earth's unsustainability.
If capitalism is the best method, how can you justify single people owning multiple houses/properties which remain uninhabited for a majority of the time while population increases guarantee an exponential increase in homelessness?
Goods and services are ultimately considered "advancements" by consumerist culture which goes hand-in-hand with capitalism and only serve to distract us from our ultimate nihilistic fear of death. It's based on the same constructs of modern religion, but rather than pretending there is certain infinite happiness after death, insist that you should make yourself "infinitely happy" by consuming unnecessary goods and services whilst alive. This creates and maintains the imbalances of power and control in modern society.
Just like the real thing. The more you trade, the more you lose! Unless you have inside trading tips from another island...
@nessisonett never thought I'd every agree with you on any real world policy thinking outside gaming opinions, but here we are....
@theiRiS Uh, billionaires really don’t use that money for good lmao have you seen how much their wealth has grown through the pandemic? Billionaires’ personal wealth has grown by 27.5% this year while extreme poverty is growing for the first time in two decades. The fact we have a system where people can amass a fortune too vast to comprehend is utterly shameful. And people have the audacity to put it down to ‘business sense’ or ‘personal success’, they don’t look at the bodies stepped over on the way to the top.
"It doesn’t feel like it’s real money. I’m not emotionally attached to my money because I started off from a video game."
Let's hope she never plays Grand Theft Auto.
The funniest thing is stock market investment is called "making money". No it isn't. You're sitting on your butt and other people are making money by actually creating goods or services that have value.
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