Archive for March, 2010
PTV Partner Admin speaks out…
In a recent post I made the argument that Online Investment programmes needed to tidy up their act and be more honest and open with potential investors.
In a somewhat similar vein Garrett, the Admin of PTV Partner has made clear some of his views on the world of online investing and ecurrency providers in particular. In an interview at Money-News-Online Garrett provided his thoughts on the progress of his own programme and what some of the plans are for the future.
It’s refreshing to see that this venture is laying down a standard for others to follow. Of course a successful programme like PTV Partner cannot rely upon one person alone and he took the time to introduce the various moderators, administration and IT support that is involved. From personal experience I know that both the forum and chat room are very active places and there is always someone available to answer your questions.
It’s clear that Garrett has clear plans for the future and this involves providing access to other banking facilities such as bank wires which is nearing completion. You can tell from the interview that he appears to be frustrated with payment processors in general and is working to make them more accountable and responsive to members.
He also mentioned that 70% of investments are in the Prestige Plan that pays 190% after 40 days (this includes the principal). I don’t think this is any big surprise as the stability of the programme provides greater confidence in the ability to deliver on the returns they promote. I assume that other investors are working their way up to when they can take advantage of the Prestige Plan or perhaps they are happy with the shorter timeframes and reduced returns.
One thing that Garrett was rightly cautious about was divulging too much about other investors involved and he did admit that his voice is altered when he broadcasts as he knows that being identifiable can bring its own problems. This is something of a two edged sword of course but in this particular instance I believe he is doing it for the right reasons.
As PTV Partner develops and matures I will be making plans to invest more significant amounts as I believe that there is a high degree of integrity surrounding this particular opportunity. Even so I wouldn’t put all my eggs in one basket as we have seen too many examples, and some very recent, where legitimate programmes failed for one reason or another.
Visa/Mastercard soon available from SportArbs…
The latest news on the SportArbs site is that they will soon be issuing Visa/Mastercard debit cards for members who want them. Now that membership is approaching 18,000 it seems that the company are taking further steps to consolidate the services available to members.
As with many other providers the cards will come at a cost, in this case somewhere between $100 and $120. They will be delivered by DHL/Fedex and users will have to pay fees for ATM withdrawals so for the majority of members I’m assuming that this will not be the first thing they look for when making a withdrawal.
I’m all for a company providing alternative ways to withdraw funds and I’m sure many people like the convenience of a debit card but for me the initial cost and ongoing transaction charges make it less of an attractive option.
In terms of performance SportArbs continue to make returns of around 2.05% a day and as this is a seven day a week operation it doesn’t take too long to start building up a reasonable fund assuming you compound at 100% for the lock-in period of 42 days.
Whilst the investment performance seems to be positive they still show on the home page that they will be establishing customer support by phone shortly. This has been there since when I joined back in the autumn of 2009. Now I know that this is a fairly minor thing but it’s just one of those little negatives that any programme wanting to be 100% credible should avoid at all costs.
But aside from this little irritation SportArbs is well worth taking a look at as you can invest and treat it as a passive investment.
Is the approach for payment Imperia is taking really such a problem…
Without doubt the heated debate about whether Imperia Invest will ever pay out still rages on. Proponents of both ends of the spectrum continue to pen word after word extolling the virtue from their particular perspective.
This got me thinking and I’m wondering just how significant the current proposals being put forward by Imperia really are in terms of individuals. If I had purchased 1 TEP and didn’t have any referrals I’d be expecting to receive $134,000. Not a sum to be sniffed at but in the great scheme of things not life changing either. In fact, the silver debit card option would probably suit me very well as it would mean I couldn’t go and blow it all five minutes after it reached my account (and I’m sure some people had ideas just to do such a thing).
However, what if I’d invested in the maximum 200 TEP’s and also had some sign-ups that provided referral income. As a minimum I’d have $26,800,000 to my name. Even the platinum debit card option would come nowhere near me being able to liquidate those sort of funds in any reasonable time period. Now I realise you also get an offshore bank account with this option that may provide other withdrawal options but they are not stated in the brochure so we should be cautious about making any assumptions.
I’d imagine that most Imperia investors are somewhere between having just 1 TEP and the maximum of 200 TEP’s, but what sort of split is there. That’s where you come in. As many readers of my blog are interested in Imperia I thought I’d carry out a wholly unscientific poll to gauge the sorts of numbers we are talking about.
I would really appreciate it if you would take just a few seconds to take part in this poll as it will provide at least some guidance as to what the range is in a fairly typical cross-section of members (you are fairly typical aren’t you?).
I’m not looking to grab any other details from you just to indicate the sort of number of TEP’s that you are waiting to be paid on. Once the poll has run its course I’ll publish the results in a future post and see whether we can draw any useful conclusions as to whether the payment options currently being offered do present a problem or whether most people will cope with what is available.
Personally I would have like to have been told earlier that once a card is purchased you won’t be able to buy any other choice but I’m hoping that Imperia are taking their typical minimalist approach in providing what the final options might be but enough of my moaning please just take a few seconds to take part in the poll below.
The quandary that HCI25 presents…
An email was issued today from the CEO of HCI25. This is something of a departure from normal communications as most updates are published directly on the website rather than sent to individuals. So, it must suggest that extraordinary measures are being taken with this approach.
In fact the email is fairly typical of those from HCI25 in as much as there is a fairly robust defence of how they are performing and only fairly imprecise details of when payments may likely start.
At the beginning of 2010 there was something of a furore when the company attempted to pass off some photos as having been taken at the first investment seminar whereas there was evidence that the photos were of a completely different event. Whatever the rationale it did not go down well with the membership.
Episodes like these have not shown HCI25 in a good light and they do struggle to convince people that they are genuine. Putting forward a strong rebuttal of all the negative commentary the latest email could make people think a little and perhaps give the HCI25 team a little more time to prove their claims about payments and when they will start.
There is some optimism in the update and hopefully this will be fully realised in a realistic timescale.
Imperia Invest raise the lid a little on more details…
Once again the Imperia Invest website is up and members can login. A news update is now available and I’d recommend that all investors login to find out more.
In brief there is some clarification on how the iBanking service is being rolled out and a short explanation as to why they have to take the site offline on a regular basis. Reading the update it all seems perfectly plausible to me so if you are yet to make a purchase for your payment solution I would suggest that you get things actioned sooner rather than later.
The update does make the point that you cannot change your choice of service once purchased so you should read closely the pdf’s that describe what is on offer.
Unfortunately Imperia are not that precise about timings but at least there is an indication that once you purchase a card and your identification can be verified then your account will be funded just two weeks later.
Let’s hope that members will now be in a better position to make a decision as to whether to purchase a debit card or not. Note that if you have an account and decide not to purchase one of the debit card packages on offer your funds will be dispersed between existing account holders who have made a purchase.
Imperia Invest debate spans the extremes…
I don’t think that any online investment has sparked such fierce debate as Imperia Invest. Of all the posts I’ve penned the subject of Imperia Invest has created the fiercest debate.
On one extreme we have those who have a wholehearted befief that Imperia is genuine and will faithfully pay to the other where whatever is said they are convinced that Imperia is a scam.
So, who is right? Well, from everything I’ve seen neither camp provides conclusive proof one way or the other. From the supporters we’re told that some mebers have already received their cards and their funds are available. My problem of course is that I have not yet seen verifiable evidence that this is true.
On the other hand those who proclaim Imperia a scam put forward arguments about lack of evidence of offices being where they say they are and insufficient information about the new debit card provider. Again I’m not convinced because any astute financial organisation would be very wary about providing too much information regarding their whereabouts and even more so about another financial organisation.
Of course I expect this debate to continue raging until we have conclusive proof one way or the other as to whether Imperia will pay out. Personally, I’m not spending an awful lot of time worrying about this as we have a published timetable to follow and admittedly infrequent updates but at least they do communicate.
I’m keen that the debate continues but I will start to be harder on comments made unless there is specific evidence to back them up.
Team Themco keeping members in the loop…
It’s been a while since Team Themco very successfully launched their Liberator One programme. This is another Reverse Pension Plan (RPP) scheme that attracted 20,000 members in a very short space of time.
Now I should explain that members could sign up for free so the short time membership was open is perhaps no surprise. What will really crystallise peoples minds is when it becomes necessary to pay for the number of policies they require. Each policy will be $90 so more costly than other schemes.
One thing that does seem different about this offer is that the team behind it are in continual communication with members by publishing regular updates on how things are progressing.
In the latest update Team Themco are extolling people to make sure that people they signed up are being kept informed of progress and given guidance as to what to do when.
One key point they are stressing is that policies will need to paid for in US$ and because of this many people will need to consider how they will get funds converted from their home currency. Everyone must make sure that when it comes to paying that Team Themco receive the full $90 per policy. Members will need to make sure that they pay any fees required by payment processors to ensure the correct amount gets through.
They also make a very good point for those who may well be away when time comes for payment. If you realise that this may apply to you then please contact your sponsor and work out a way that they may be able to help. Looking at the progress to date it may still be some time before payments are required but it is always worth planning for any eventuality.
Wbwso maintain continual performance…
One of the most popular programmes that readers seem to like is WBwso and I’m not surprised. This programme has been flying under the radar for some time and from all the reports I read they impress a lot of other people as well.
For those who don’t know about WBwso it is a UK company that buys and revamps websites and either sells them on or uses them to create income primarily from advertising. At any one time there are a range of different options that are open to you and the investment levels are also designed to suit a range of pockets.
For example several current options return 0.63% a day whilst others offer 7% bi-weekly or 8% a month. As you see the choice is very much your own and you’d need to investigate more as to which would be best suited to your own personal circumstances.
WBwso provide a wide range of payment processors to use that include AlertPay, Liberty Reserve, PerfectMoney and c-gold. You are also able to use others if you contact WBwso prior to payment. It’s possible to join without making a deposit and I’d recommend you do this if you feel that this sounds of interest.
As I say WBwso has proved popular with my readers and quite a few of them have signed up as free members. I should say that if you are one of them and you haven’t made an investment as yet then I’d be interested to know what’s holding you back as I am continuing to make regular income without having to continually check up to see if they are still there.
I know from personal experience that finding a reliable online investment is often difficult and frustrating so I’m more than happy to recommend WBwso to all.
Genius Fund website is down…
It seems that the Genius Fund website has been experiencing problems over the last few days and as far as I can tell there has not been an update on why this is happening from the Admin.
I’d normally receive an email statement today but have not yet received anything so the two things are probably connected. Of course the frustrating thing is that without any news from an official source we are once again left to speculate about what might be happening.
Recent reports confirmed that Genius Fund were in the process of dealing with claims that they are not licensed to practice in British Columbia. However, given their global spread I wouldn’t consider that this particular episode would cause too many problems but we shall have to wait and see.
Let’s hope this can be resolved as Genius Fund was one of the more stable and profitable programmes that are available to online investors.
More Money Review provides a plethora of opportunity reviews…
Regular readers of this blog will probably know only too well that my posts tend to lack any formal structure and may sometimes not provide all the information about an opportunity that people are looking for. That said I make no apology for this as it’s how I feel most comfortable when putting things forward for consideration however that doesn’t mean to say that some more structure wouldn’t go amiss.
Now I’m not saying that I will be changing anything on this particular blog rather making a recommendation for another blog that does provide greater rigour. It’s called More Money Review and is edited by Jack Whiteman. I came across this recently and I’ve agreed to provide reviews of programmes I try for their readers.
Not surprisingly the readership is made up of people who yearn to earn (sic) additional income whether as pin money or a full time income. Jack’s hard work has already provided the readers with a whole host of reviews from a wide range of opportunities.
To gain the greatest benefit from the blog you need to sign up as a member. Of course this is a free service so you don’t have to worry about parting with any of your hard earned money to benefit. Apart from gaining access to the full reviews already published you will receive regular newsletters highlighting emerging opportunities that could be of interest.
As an independent review service More Money Review is able to provide a balanced view of each opportunity featured and this is enhanced by contributions from members who have already purchased a particular service or opportunity.
Anyone who has even a passing interest in making an additional income will benefit hugely from the reviews to be found on More Money Review as it helps to filter out the good from the not so good and from the don’t touch with a bargepole rip offs. As you can join for free you have nothing to lose and the potential for plenty to gain by ensuring you don’t waste money on opportunities that have little or no chance of success.
All of us want to find a way of earning an additional income that fits in with our lifestyle, needs a level of investment that we can afford and makes a level of return that will be worthwhile. By subscribing to More Money Review you will be taking a step closer to that goal.
Of course if you find at any time that the information provided isn’t what you are looking for then you can easily unsubscribe.
By the way as a little heads up the product I am currently evaluating and will be submitting a review on soon is the 10 Minute Trader. Why not join More Money Review and you’ll be able to learn all about it in the not too distant future.
