No more 0.1% fee | Stock Market | TORN
No more 0.1% fee
    • L0KEY [2654912]
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    Thread created on 02:13:38 - 13/05/21 (1 year ago)
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    Last replied 10:30:43 - 25/06/21 (1 year ago)
    This post goes out to Cherburn and all of the staff who thought it would be a good idea to make everyone's life a living hell by adding another piece of stress with the 0.1% fee for selling stocks you have successfully made it impossible to go anywhere in a lifetime now not only do you have to wait to be in the profits range but you also have to wait 1 million times longer to make sure your profits cover the fee   all the while while still keeping prices on  everything else jacked up  

    This will lead to loss of players in the game because there is no progression within a reasonable time frame which ultimately will lead to the games downfall

    Let me know what you think about this current system.
    Last edited by L0KEY on 11:09:22 - 15/05/21
    • cow [2048141]
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    Posted on 02:19:41 - 13/05/21 (1 year ago)
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    Maybe you should try selling your stocks when they are at 0.2% profit instead.

    • L0KEY [2654912]
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    Posted on 03:06:38 - 13/05/21 (1 year ago)
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    I tried that the trouble is the 0.1%fee is taken of the total sell price which means as the cost of the stock goes up the fee to sell also increases. Its just it takes way longer to actually make a profit because you wait for the price to share go up and but now it has to be high enough to cover the selling fee which makes it rough because prices also can fall so you have to wait for them to pick back up again. So basically once you invest your stuck with that investment
    Last edited by L0KEY on 03:12:40 - 13/05/21
    • NoStepOnSnek [2105334]
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    Posted on 04:23:13 - 13/05/21 (1 year ago)
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    And they should add capital gains tax /s
    • Negan [2066105]
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    Posted on 05:05:40 - 13/05/21 (1 year ago)
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    Dude... Chill. It's 0,1%. It's not a kick in the balls. Yet. 
    It's annoying, but not the end of the world.

    • fd24 [1417595]
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    Posted on 05:15:44 - 13/05/21 (1 year ago)
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    Have you forgotten the old system where even if you were in a profit, you had to list your stock and then wait days for it to sell because the demand was low? 

    0.1% is a small price to pay for instant buy/sale

    No matter the amount that you are investing, it clearly means you have more than enough money to pay a measly fee of 0.1%

    • MadarameIkkaku [2203165]
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    Posted on 05:54:38 - 13/05/21 (1 year ago)
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    L0KEY [2654912]

    This post goes out to Cherburn and all of the staff who thought it would be a good idea to make everyone's life a living hell by adding another piece of stress with the 0.1% fee for selling stocks you have successfully made it impossible to go anywhere in a lifetime now not only do you have to wait to be in the profits range but you also have to wait 1 million times longer to make sure your profits cover the fee all the while while still keeping prices on everything else jacked up

    This will lead to loss of players in the game because there is no progression within a reasonable time frame which ultimately will lead to the games downfall

    Let me know what you think about this current system.
    .1% is a unnoticeable difference you drama queen

    • Halyang007 [1867864]
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    Posted on 08:29:01 - 13/05/21 (1 year ago)
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    Negan [2066105]

    Dude... Chill. It's 0,1%. It's not a kick in the balls. Yet.
    It's annoying, but not the end of the world.
    It is kicking my balls :'(

    • Halyang007 [1867864]
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    Posted on 08:29:51 - 13/05/21 (1 year ago)
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    L0KEY [2654912]

    This post goes out to Cherburn and all of the staff who thought it would be a good idea to make everyone's life a living hell by adding another piece of stress with the 0.1% fee for selling stocks you have successfully made it impossible to go anywhere in a lifetime now not only do you have to wait to be in the profits range but you also have to wait 1 million times longer to make sure your profits cover the fee all the while while still keeping prices on everything else jacked up

    This will lead to loss of players in the game because there is no progression within a reasonable time frame which ultimately will lead to the games downfall

    Let me know what you think about this current system.

    MadarameIkkaku [2203165]

    .1% is a unnoticeable difference you drama queen
    It's very noticable, See post above.
    • elie350 [2065964]
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    Posted on 09:01:41 - 13/05/21 (1 year ago)
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    The fee is honestly very minimal. If you had an investment worth 1b, that's barely 1M in fees. If you're trading in stocks for capital gains, you should be aiming for a higher return than 1M for 1b.

    In real life, usually the trade fee is a fix amount that is usually not higher than $10 as far as I know.

    However, you'd also pay:
    • annual fees. Value depending on the brokerage company
    • And of course tax on capital gains (admittedly, there's also tax return on capital loss)
    • And many other fees depending on the country and brokerage company
    • CCarroll [2362546]
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    Posted on 09:09:56 - 13/05/21 (1 year ago)
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    L0KEY [2654912]

    This post goes out to Cherburn and all of the staff who thought it would be a good idea to make everyone's life a living hell by adding another piece of stress with the 0.1% fee for selling stocks you have successfully made it impossible to go anywhere in a lifetime now not only do you have to wait to be in the profits range but you also have to wait 1 million times longer to make sure your profits cover the fee all the while while still keeping prices on everything else jacked up

    This will lead to loss of players in the game because there is no progression within a reasonable time frame which ultimately will lead to the games downfall

    Let me know what you think about this current system.

    MadarameIkkaku [2203165]

    .1% is a unnoticeable difference you drama queen

    Halyang007 [1867864]

    It's very noticable, See post above.
    You must be doing it wrong brother

    • ChloeChloe [2530354]
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    Posted on 09:15:13 - 13/05/21 (1 year ago)
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    Negan [2066105]

    Dude... Chill. It's 0,1%. It's not a kick in the balls. Yet.
    It's annoying, but not the end of the world.

    Halyang007 [1867864]

    It is kicking my balls :'(

    Now do that without the Profit blacked out :D
    • Halyang007 [1867864]
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    Posted on 09:17:26 - 13/05/21 (1 year ago)
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    L0KEY [2654912]

    This post goes out to Cherburn and all of the staff who thought it would be a good idea to make everyone's life a living hell by adding another piece of stress with the 0.1% fee for selling stocks you have successfully made it impossible to go anywhere in a lifetime now not only do you have to wait to be in the profits range but you also have to wait 1 million times longer to make sure your profits cover the fee all the while while still keeping prices on everything else jacked up

    This will lead to loss of players in the game because there is no progression within a reasonable time frame which ultimately will lead to the games downfall

    Let me know what you think about this current system.

    MadarameIkkaku [2203165]

    .1% is a unnoticeable difference you drama queen

    Halyang007 [1867864]

    It's very noticable, See post above.

    CCarroll [2362546]

    You must be doing it wrong brother

    Good profits there! 

    Yes. Looks like I am doing it very wrong. Please give me those stock tips :p
    • Negan [2066105]
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    Posted on 12:43:09 - 13/05/21 (1 year ago)
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    Negan [2066105]

    Dude... Chill. It's 0,1%. It's not a kick in the balls. Yet.
    It's annoying, but not the end of the world.

    Halyang007 [1867864]

    It is kicking my balls :'(

    Sheez. Hopefully you made a nice profit!

    • Halyang007 [1867864]
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    Posted on 12:44:24 - 13/05/21 (1 year ago)
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    Negan [2066105]

    Dude... Chill. It's 0,1%. It's not a kick in the balls. Yet.
    It's annoying, but not the end of the world.

    Halyang007 [1867864]

    It is kicking my balls :'(

    Negan [2066105]

    Sheez. Hopefully you made a nice profit!
    that's not the point, I would be 300m richer if it wasn't for this "tiny" 0.1% fee.
    • Negan [2066105]
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    Posted on 12:47:54 - 13/05/21 (1 year ago)
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    Negan [2066105]

    Dude... Chill. It's 0,1%. It's not a kick in the balls. Yet.
    It's annoying, but not the end of the world.

    Halyang007 [1867864]

    It is kicking my balls :'(

    Negan [2066105]

    Sheez. Hopefully you made a nice profit!

    Halyang007 [1867864]

    that's not the point, I would be 300m richer if it wasn't for this "tiny" 0.1% fee.
    Stop making that much money then! 
    But yeah, that's a pretty big amount already

    • MadarameIkkaku [2203165]
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    Posted on 14:59:07 - 13/05/21 (1 year ago)
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    Negan [2066105]

    Dude... Chill. It's 0,1%. It's not a kick in the balls. Yet.
    It's annoying, but not the end of the world.

    Halyang007 [1867864]

    It is kicking my balls :'(

    Not if the withdraw amount is 30b you dumb Ass, or with quick math and a calculator 29115196659

    • Halyang007 [1867864]
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    Posted on 15:11:59 - 13/05/21 (1 year ago)
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    Negan [2066105]

    Dude... Chill. It's 0,1%. It's not a kick in the balls. Yet.
    It's annoying, but not the end of the world.

    Halyang007 [1867864]

    It is kicking my balls :'(

    MadarameIkkaku [2203165]

    Not if the withdraw amount is 30b you dumb Ass, or with quick math and a calculator 29115196659
    MadarameIkkaku [2203165] : 
    0.1% is a unnoticeable difference you drama queen
    I think what you replied to me just contradicts the statement you made above.

    When the withdraw amount is high, the 0.1% makes a big difference.
    • Diking [1951369]
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    Posted on 17:18:41 - 13/05/21 (1 year ago)
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    This isn’t about raw amounts, this is about percent. If you withdraw a big amount your fee will be big. Whether you invest 100m or 100b your fee is the same. Just because you make poor investments and lose money doesn’t mean the fee is bad. All it takes is a 0.2% increase and you double your fee amount. That’s tiny. If your stock increases by 1% then you’ve made 10x the fee.
    • Halyang007 [1867864]
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    Posted on 06:37:01 - 14/05/21 (1 year ago)
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    Diking [1951369]

    This isn’t about raw amounts, this is about percent. If you withdraw a big amount your fee will be big. Whether you invest 100m or 100b your fee is the same. Just because you make poor investments and lose money doesn’t mean the fee is bad. All it takes is a 0.2% increase and you double your fee amount. That’s tiny. If your stock increases by 1% then you’ve made 10x the fee.
    Yes, it's not about the raw amounts, and it's about the %. '

    The point I'm (and the OP) is trying to make is that this 0.1% is very high and should be lower to 0.01% or be totally removed.

    You make the above statement like it's very easy to make a 0.2% increase/profits in every investment a player makes. If you do, please dm me, I'll be happy to pay you 0.1% fee on all ur stock tips as long as you can guarantee me a 0.3% profit on every investement.
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