Archive for January 13th, 2009
3 steps to online investing success…part 1
This is the first in a series of 3 posts where I’ll be exploring just what it takes to be involved in the world of online investing. Firstly we’ll look at some simple investor psychology, in the second post we’ll discover what you need to do to be able to make investments and in the final post we’ll delve into the sort of investments you might consider when starting out.
There are literally millions of people who are looking for the opportunity to increase their income and improve their lifestyle. They are looking for a way to earn an income for themselves that will free them from working for someone else. There is absolutely nothing wrong with this ambition but unless you understand what it takes then this goal will be hard to achieve.
Ideally investors want a higher rate of return than is possible with main stream savings accounts. As long as you understand that higher returns generally come with higher risk then you will be in a good starting place.
It’s been said many times but is still one of the golden rules, only invest what you can afford to lose. Do not deprive your family of food, shelter or clothes on the basis of some future unproven wealth. Be realistic about what can be achieved and responsible enough to pay the bills first. There are many examples of people who have taken out huge loans in the belief that an online program would be there forever and provide more than enough for all. They have not only been disappointed but also plunged even deeper into financial debt. If you can’t really afford it then don’t do it.
One great virtue to have when investing is patience. No matter what you are told there will be occasions where things go wrong or slow down. When this happens don’t panic, give the admin time to resolve the issue. By allowing time to pass the options will become clearer and mass hysteria can be avoided. Some very reliable programs have ceased because investors weren’t patient enough to allow problems to be sorted out, they made disparaging comments which led to unrest and ultimately the demise of the program. Patience is essential.
Don’t believe all you read without checking yourself. Jealousy is a pitiful trait but is often evident in the world of online investing. Some people rejoice in telling lies and spreading falsehoods about others. If you get sucked in by people like this you will find it difficult to differentiate between fact and fiction. Find people you can trust and ask them their opinion before getting involved. There are many seasoned investors who would be happy to help those who are just starting out. Take time to seek these people out, test what they say and if you are happy use them as a sounding board for any investment you want to make.
In the next post we’ll look at some of the steps you need to take to be able to invest in online opportunities.
Imperia Invest goes quietly about its business…
One of the great frustrations of online investing is not knowing with any degree of accuracy when a programme is likely to finally make payments. There are many examples of missed deadlines and information vacuums that test even the most optimistic of investors.
One programme which has gone some way to redress the balance on this is Imperia Invest. Having been around for a good while now there is at least some evidence that closure will happen in the not too distant future.
Having suffered some schedule slippage already it is good to see that the validation of trust agreements is now at 53% completion. On current progress they should complete in the next 2 to 3 weeks assuming of course that all agreements have been submitted. This last point is the fly in the ointment as Imperia Invest require 100% of agreements to be validated before the payment process can begin.
Being optimistic therefore we could see payments arriving in accounts sometime in March or April which would be a great start to 2009.
When I checked on the Imperia Invest site earlier today it does appear that you can still purchase the Traded Endowmwnet Poicy (TEP) that they market. Whilst they still show e-bullion as a payment option you would need to use Liberty Reserve to make the necessary $50 payment for what they call a Depot. Return is $134,000 after 6 months so my statement about when money will be paid doesn’t apply if you purchase now.
One programme which has gone some way to redress the balance on this is Imperia Invest. Having been around for a good while now there is at least some evidence that closure will happen in the not too distant future.
Having suffered some schedule slippage already it is good to see that the validation of trust agreements is now at 53% completion. On current progress they should complete in the next 2 to 3 weeks assuming of course that all agreements have been submitted. This last point is the fly in the ointment as Imperia Invest require 100% of agreements to be validated before the payment process can begin.
Being optimistic therefore we could see payments arriving in accounts sometime in March or April which would be a great start to 2009.
When I checked on the Imperia Invest site earlier today it does appear that you can still purchase the Traded Endowmwnet Poicy (TEP) that they market. Whilst they still show e-bullion as a payment option you would need to use Liberty Reserve to make the necessary $50 payment for what they call a Depot. Return is $134,000 after 6 months so my statement about when money will be paid doesn’t apply if you purchase now.
