Archive for February, 2010
Gold Nugget Invest admit they could do better…
Hot off the presses is a new newsletter from Gold Nugget Invest (GNI). This has been eagerly awaited following the wholesale revamp of the programme in January.
During the week I visited the members forum and the tone was not 100% positive. Many people were airing their frustration at the time it is taking for payments that were requested in early January to be paid.
The GNI newsletter acknowledged that there is a problem and tried to reassure members that they are doing as much as possible to overcome the delays. Unfortunately some people only want their money and care little for the difficulties that GNI face.
To be fair to GNI they do have a sizeable chunk of funds held frozen in the Yesalda bank in North Cyprus. This has meat that normal operations have been severly constrained and has led to the slow payout rate.
The newsletter does provide a potential solution to those who can wait no longer. A specific area of the GNI forum will be set up such that existing members who want to leave can offer their investments for sale. Clearly, it goes without saying that if you wanted to go this way you would have to offer a substantial discount to a prospective buyer plus also stump up a 20% administration fee to GNI.
To me this option doesn’t look that attractive even for the buyer as they will be purchasing what is in effect a virtual sum of money in exchange for their own hard cash and even if the discount is good you would still be taking a significant risk given current circumstances.
I do feel somewhat guilty in perpetuating the rather negative tone that is currently being reported about GNI and I hope that things will improve over the medium term but online investors are fickle and if they sense a problem their tolerance drains away very quickly.
I’m leaving my investment where it is and will make a withdrawal request in the window that starts tomorrow but I’m not expecting to see the funds that quickly especially as they are still making payouts for January.
Somewhat reluctantly I wouldn’t recommend anyone make an investment to GNI at the moment. Better to wait things out and see where your funds could be more profitable.
WPP shoot themselves in the foot?…
How cynical we online investors can be! Perhaps the pains and frustrations we’ve endured over the years really have made us cautious when we are told that good news has arrived. Certainly today’s announcement by World Pension Plan (WPP) that the Yardas finance group have found a financial angel to help them bring the programme to a close has raised some suspicions.
So, it probably won’t come as any surprise when I say that lots of people have headed off to do some due diligence on this ‘knight in shining armour’. Unfortunately their armour soon becomes highly tarnished. It seems that the Hapton-Gratsos website was only registered a few days ago and it resides on the same server as Yardas…doesn’t take Sherlock Holmes to work out what seems to be obvious.
One view is that WPP are just trying to generate additional income only to say at a future date that problems have arisen and things haven’t worked out…now when have we heard that sort of thing before?
Perhaps I’m just a cynic as well but you must admit it all seems somewhat too convenient. What really frustrates me is the number of people who complain about the poor or non-existent communication and yet we still get treated as though we would swallow anything that gets thrown at us.
I really don’t think that we will see any great upsurge in sales as a result of this news and it certainly wouldn’t encourage me to make any more purchases for myself.
Could we all be wrong? Of course it’s really impossible to tell until some proof is provided. Once again the jury is out!
Imperia Invest creep ever closer…
Imperia Invest has published a new update that reveals more details about how things will take shape over the short term. It seems that it is still possible to purchase new TEP contracts until the 26th February. The site will then be offline from the 27th February until 01st March.
From early March members can purchase debit cards and learn more about the payment options available. So, clearly this is an upbeat message and it now looks as though one of the online investments may well pay out in the not too distant future. One thing of course is not to get too carried away as whilst I hate to say it no funds are actually yet available to us.
Luckily it won’t take too long before we are able to have more definitive evidence of where things are going.
The site itself is not accessible at the moment so it isn’t clear as to how investors would be able to obtain further TEP’s. Perhaps the site is being bombarded by users trying to find out more details. If they don’t make it clear how further policies can be obtained it might discourage people from going ahead.
Gold Nugget Invest dodge the brickbats…
As we came out of 2009 Gold Nugget Invest looked in pretty poor shape. They had money frozen in a bank account and withdrawals at the end of the year had been much higher than anticipated. Drastic measures were needed and fair play to the owners they didn’t shy away from the challenges they faced. Rather than close the programme down they re-structured and created a new monthly plan which they felt would provide a realistic path forward.
So, where are we now then? I’ve just visited the member forum and I’m somewhat disappointed to read the tone of a lot of the posts. Rather than read tolerant supportive posts I found that many people were exhibiting a highly negative attitude to what happened and what is happening now.
Is a 16% monthly return such a bad thing? We’re coming up to a critical period as withdrawals will be activated from 01 to 07 March. This will prove one way or the other whether Gold Nugget Invest have a future ahead of them. Hopefully all the negative voices will be silenced and we’ll be able to return to regular returns that far outstrip anything you can find on the high street.
Sometimes I get the feeling that people who have been investing online for some time become blasé about the level of returns they should expect from any particular source. In reality of course no-one should be complacent about just what it takes to make any sort of decent return as most of us wouldn’t know where to start if it was down to us. Sure, we provide our hard earned money for others to use but we know that nothing is guaranteed.
It’s far too early to make judgement on Gold Nugget Invest and until we have more evidence either way any verdict can only be speculation.
PTV Partner pays out again…
For some months I’ve been extolling the virtues of PTV Partner as one investment that has proved itself time after time. And yet again this weekend my investments have matured and funds are available for re-investing or withdrawing.
One other highlight with PTV Partner is the regular communication that members get. In some ways they almost communicate too much and you get a guilty feeling if you don’t visit the chat room and forum on a regular basis. They also have a blog that they encourage members to contribute to so there is a definite aim to create a real spirit of community.
Given many other opportunities that promise much but deliver little it’s great to report that PTV Partner really do appear to be the real thing.
For those who may be new to PTV Partner let me quickly explain the plans available:
Introductory 110% after 10 days
Advantage 125% after 20 days
Leverage 145% after 30 days
Prestige 190% after 40 days
There are several ways to make a deposit including Liberty Reserve, Global Digital Pay, StrictPay or Perfect Money.
If you haven’t already explored this particular investment opportunity then now is as good a time as any because they should be around for some time.
SportArbs maintain a good record of performance…
If you’ve been reading this blog for a while you may remember that at the back end of December 2009 I offered readers the chance to win an account with SportArbs and a small investment to kick it off. There were three ‘winners’ and all of them were very pleased with their prize. So, what’s happened since then?
Well, performance has been maintained such that returns of just over 2% a day are being achieved. With the option to compound earnings there is definitely mileage in having a SportArbs account. As I said when I set up the contest I am a big fan of Sports Arbitrage and to date this particular opportunity has proved very worthwhile.
Now, like all programmes there are downsides as well as upsides. Ever since I’ve been a member there has been a message on the Homepage to say that telephone support would be coming soon (let’s just accept that soon is in a different time dimension from mine).
However, when I’ve had to contact support by email I’ve always received a prompt response to me query. I will say that English is probably not the native language for those in support but it’s a lot better than anything I could proffer in another language.
Like all investments it is always worth taking your time doing some personal research before parting with funds and you should always invest an amount you are prepared to lose but having said all that I would recommend giving SportArbs serious consideration.
One other drawback is that they only accept Global Digital Pay and Perfect Money as payment processors so please make sure you investigate what this might mean for you if you haven’t got an account with either of them as yet.
Spend 5 minutes on a Monday morning to make money…
Being someone who is interested in earning money online I often receive offers from Nick Laight at Canonbury Publishing. I know many people are somewhat sceptical of the opportunities that Nick sends out but to be honest I think he is one of the more genuine purveyors out there. He always offers, and perhaps more importantly honours a money back guarantee on virtually everything he sends out.
So, when I received an email this evening about a new trading system that would just take 5 minutes on a Monday morning my interest was aroused. The system, perhaps unsurprisingly, is called Five-Minute FTSE Trader
and the sales page provides you with an enticing look at just how profitable this may turn out to be. Another positive in my view is that the brains behind Five-Minute FTSE Trader is Mark Rose who runs the SureFire Trader service which has proved very popular.
I’m going to focus on this particular opportunity as the thought of making money by spending just 5 minutes on a Monday morning to place a trade on the FTSE index couldn’t really be any simpler. I won’t quote any figures as I believe you are better off doing some personal research on what is on offer. What I will say is that both Nick and Mark try to be open about both the potential upsides and downsides.
They report that there have been 48 trades in the past 12 months, 27 have profited and 21 lost. Doesn’t sound all that promising I hear you say. Well the trick is to limit potential losses and maximise potential profits and that’s what they claim to have done.
As I said earlier Nick offers a money back guarantee and in this particular instance he is giving a 90 day guarantee so you should be able to test it with confidence. The system investment is £147 and they recommend an opening trading amount of £500 although this is not set in stone.
Being a Genius isn’t so bad…
Back in October 2009 I made an investment in Genius Funds. This opportunity was highlighted to me via a newsletter that I received fairly regularly. The information provided suggested that Genius Fund had been around for some time and had very few issues to deal with.
Given such a positive report I decided to invest and so far I have nothing to complain about. Rather than put all the money in one fund I decided to split my investment, one into the daily plan and the other into the weekly one. You are also able to compound your earnings by specifying a percentage to re-invest.
Somewhat bizarrely the company were recently criticised for making a charitable donation to the victims of the Haiti earthquake and it took some time to convince sceptics that the company were donating funds that belonged to them rather than to their investors. This has now been sorted out and once again performance is progressing nicely.
There are quite a few ways to make a deposit including Liberty Reserve, AlertPay, StrictPay, SolidTrust Pay, Perfect Money and Bank Wires. You will need to check just how much each method has as a minimum.
For the daily plan the returns range from between 1% and 1.5% depending on the sum invested and for the weekly plan the range is from 6% to 8%, again dependent on the sum invested.
So, if you are looking for a dependable investment opportunity you would do a lot worse than check out Genius Funds.
So, is Investorum paying or not?…
On 02 February I joined Investorum as they are another site that purports to trade in Sports Arbitrage as a way to earn returns for their investors. Having made an investment it came as something of a shock to read almost immediately that monitors were reporting they were not paying.
At first there were only 1 or 2 reporting non-payment but as time has gone by it appears that more are showing a red flag. Somewhat bizarrely Investorum seem quite happy to show these non-paying statuses so it begs the question what is really going on.
Having just logged into my own account it does show daily interest being credited seemingly with no problem. The test of course is whether I’d be able to make a withdrawal after the 60 calendar days is up as this is the minimum holding period associated with the investment.
What about everyone else out there? Has anyone been able to make a withdrawal or should I count this as a lesson learnt and put this into the failure group.
For those of you who are unfamiliar with Investorum their plans return daily interest of between 1.2% and 1.6% daily. The rate you receive depends on the amount of your investment. Now, clearly I’m not advocating that anyone make an investment at this moment until the paying situation is cleared up. But, if the payment status can be cleared up it might be worth just keeping an eye on this as a potential for the future.
Team Themco open up registration for LiberatorOne for a few more hours…
In what seems akin to a new Klondike Gold Rush sign-ups at Team Themco for their LiberatorOne opportunity have rocketed since it was opened up again yesterday.
The original sign-up window closed a week or so ago as the response had been much greater than anticipated for the 10,000 registrations required. Rather than taking the 4 months they’d anticipated it took something like 2 weeks.
It seems that on reflection the Admin has decided to re-open the free registration for 24 hours to ensure that they have enough cover for the inevitable drop-out when it actually comes to laying money down to participate.
At the moment Team Themco are putting together the legal agreements that will create the necessary co-operative for executing the programme. This will then allow them to register with the chosen payment processors (which haven’t been announced yet) so that the next stage can begin.
There is clearly a lot of focus being directed at this opportunity at the moment and I’m sure many people will sign up in the knowledge that they can refrain from paying on this round knowing that will automatically be able to participate in LiberatorTwo when it happens.
There is a video presentation available that will give you more information on just what LiberatorOne is all about. It gives a sensible assessment of what is on offer and allows you to make a decision on whether to participate or not.
So, time is of the essence as the registration closes at 12 noon GMT on Sunday 07 February.
