Gold Nugget Invest close with immediate effect…

It seems that Global Nugget Invest has failed to make any inroads into the problems they were experiencing with their funds caught in Yardas bank. Even after the Admin and his legal counsel travelled to Cyprus to see if they could find a resolution the outcome has been failure.

In an email earlier today the announcement was made that the decision had been taken to close the programme with immediate effect. As much as I regret having to receive such news it is yet another example of an Admin who wanted to make a real difference suffering from the wrongs done by others.

If you had previously made a profit at Gold Nugget Invest then it seems you will receive no further funds. However if you are still to make a profit from your investment then the programme will ensure that you are paid out such that you receive 101.5% of your funds (including original investment). Instructions will be published in the next 48 to 72 hours.

Luckily all is not lost as there will be an announcement on Friday 12 March at 8AM GMT with details of a new private investment opportunity. Let’s see how this new phoenix will arise from the ashes.

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.

Gold Nugget Invest face up to their problems…

For some time Gold Nugget Invest has been subjected to a problem with a bank they deal with. It seems that the German financial authorities have frozen the assets of this specific bank because of a particular client irregularity and this has resulted in many accounts being inaccessible. One of these is GNI.

Combine this with other problems related to abuse of referral payments and unusually high request levels for principal withdrawal and the end is result is problems for GNI.

Now, they could have thrown their hands up and walked away but they are not doing that. What they want to do is restructure significantly to stabilise and create a long term future. The alternative is to fold and I don’t think anyone would want that.

What this means is that outstanding withdrawals are being cancelled and members will have the option to leave them as pending or to re-invest in the new plans being implemented. In place of weekly plans the new proposal is for monthly payments of 16% which will last for 14 months (this period will include return of principal). Premium members will receive 20% a month.

Whilst it’s disappointing that GNI find themselves in this position I’m encouraged by the level headed approach being taken and will continue to maintain my investment with them once they get things back to normal.

Given the stellar performance of GNI up until now this is a salutary lesson that no-one should put all their faith in one online investment especially if they try to use it for payment of everyday expenses.

I’m optimistic that the refreshed GNI will be a success and I look forward to the future.

Gold Nugget Invest still performing well…

Just looking back at my account records I noticed that I opened an account at Gold Nugget Invest in the middle of September last year. I must admit it doesn’t seem that long ago but at least the performance has been spot on.

Today I received another 6% weekly interest payment and this has occurred each week since the first investment. I know that Gold Nugget Invest has been serving members for some three years and whilst like all online investments they have faced the odd difficulty they have always overcome any problem.

I really like the new website they have as it is easy to navigate, provides all the functions in a nice interface and has strong security. They also keep in regular contact with their investors which to me is a huge positive when comparing with lots of others.

Just after I joined I saw some news that suggested that Gold Nugget Invest would be going private in 2010 so if you want to join I would do so sooner rather than later.

Returns are earnt from Sports Arbitrage Trading and minimum investment for the weekly 6% return plan is $50. If that is a little steep you can join with as little as $3 which can earn 0.8% per day. Once you reach the $50 level you can switch to the 6% a week plan.

If you have a spare $21,000 to hand you can earn 7.5% a week so there is definitely scope for earning a good return. Plans are open ended so you don’t have to worry about leaving your money invested.

Investments can be made via Liberty Reserve, StrictPay, Solid Trust Pay, Perfect Money and Bank Wires.

Full Steam Ahead to 2010…

Rather than copy everyone else and look back at 2009 I thought I’d take a look at what 2010 will be like for those who invest online.

I’m not necessarily going to make predictions, more a view of what I feel will prove profitable through the year. My recommendations are a purely personal view and you may well think differently. Why not add a comment so that we can spread knowledge wider.

Firstly I’d like to mention the Prosperity Game as this is due to go live with a website early in 2010. Until it officially launches the investment needed is just $150 and you only need 1 other person to come along with you for you to make a return. The philosophy behind the Prosperity game is one of Pay it Forward and I think this will propel this opportunity forward throughout the year. I’m hoping to benefactor some people in throughout the year so stay tuned for more details.

Next, one of my favourites, Sports Arbitrage Trading. Both Gold Nugget Invest and SportArbs look strong contenders for 2010. As I write SportArbs is very close to its 1,000th member and don’t forget that Gold Nugget Invest is looking to go private in early 2010 so well worth checking out in the very near future.

Another strong contender for 2010 in my opinion will be PTV Partner. They continue to deliver on their investment plans and I’m expecting good things in the coming year.

Now, how about an opportunity I’m still pondering over, TVI Express. My worry is that all the publicity is about how to refer others and earn money rather than showcasing the products and services you get as part of your subscription. Having been burnt on a similar opportunity a few years ago I’m still not that convinced and I’d welcome any constructive comments from readers.

Finally, I believe QCOOPERS is an opportunity that shows promise. It might take a little while to come together but likening it to a horse race it is definitely an outsider with potential.

Enough from me, now all it needs is for me to wish everyone a Happy and Prosperous 2010.

Closing the doors in 2010…

Before we know it 2009 will be just a fond memory and all our attention will be focused on profiting in 2010.

Whilst a laudable sentiment I just wanted to flag for readers that two online investments have stated that they will be going private in 2010 and if you don’t prepare you may miss out on golden opportunities.

Today I received an email from CashTanker announcing that in 2010 they will go private. The admin says that withdrawal issues have been sorted out and everything is looking good for payouts to be made starting next week.

The announcement says that CashTanker will go private from January 01 2010. Now, it’s not totally clear how long registration will stay open for so if you want to join I’d set a reminder for the first day of 2010 to help you remember. Minimum deposit will be $25 and as they are having problems with Strictpay you won’t be able to use that payment processor.

Compounding will be restricted to 800%, after that daily interest will not compound. Maximum number of referrals will be 5 (although if you already have more than 5 you won’t lose them).

My advice would be to wait and make sure pending withdrawals are made and then on 01 January review what plans CashTanker make available and decide then whether to join or not.

Some while ago Gold Nugget Invest announced that in 2010 they would go private. This intent has not changed although as yet I’ve not seen any formal announcement re dates and the like.

Personally I wouldn’t be waiting any longer than I have to to join Gold Nugget Invest as they are proving to be very resilient and maintain a highly professional approach in their dealings.

Their new website is working very well and has a very nice user interface which is fast and intuitive.

My recommendation here would not be to wait and join as soon as you are able. Just don’t wait too long or you may miss out altogether.

Gold Nugget Invest encourage members to demonstrate their caring side…

For the last few years I’ve asked my daughters to make a contribution to a worthy cause on my behalf rather than buy me a present. I hope this gives them an idea of the importance of helping others and allows me to action the principle of paying it forward.

So, it’s good to see that an online investing programme is also taking an active role in encouraging members to help those less fortunate than ourselves. In a recent newsletter Gold Nugget Invest are asking their investors to make a contribution to two charities that they believe are fully deserving:

1. Ugandan refugees who have suffered greatly from internal conflicts and poor harvests
2. Kids for Life Foundation who help those youngsters suffering from AIDS

To provide an incentive Gold Nugget Invest are willing to provide rewards for those members who donate the most. For the four highest donations there will be deposits made in the weekly plan of $500, $250, $100 and $50.

So that everything is kept above board an independent overseer has been appointed to ensure that all donations are captured and that funds go to the right place.

In a recent post I made the point that online investing companies needed to provide greater credibility for investors to take them seriously. I’m glad to see that Gold Nugget Invest is showing some creative thought and this can only help the industry.

If you haven’t yet joined Gold Nugget Invest I would recommend you take a close look as this is a real opportunity and proves itself time after time.

Minimum investment is $50 from which you can a fixed return of 6% a week. If you have over $20K to invest the weekly return is 7.5%. Returns are achieved by way of sports arbitrage which is a reliable and steady source of funds. Funding is available via Liberty Reserve, StrictPay, Perfect Money, Solid Trust Pay or Bank Wire.

Gold Nugget Invest working flawlessly…

Now that Gold Nugget Invest (GNI) have got their new website up and running I’m pleased to report that everything is running very smoothly. Just before they changed over there was a small hiccup with crediting earnings to accounts but this has now been resolved (which I can personally testify to).

I’ve already made two cash withdrawals and both went smoothly although I didn’t receive a formal notice that they had completed so I need to find out whether that is still to be implemented.

If you do your own checks I’m sure you will find that GNI get very positive feedback on all aspects of their business and the new website just adds to the professional approach they are taking.

If this is the first you’ve heard about GNI then I would encourage you to spend a little time finding out more as they provide the opportunity for you to profit from the arbitrage trading that they do as a full time occupation. You can earn up to 7.5% return per week which is a great return for basically very little effort on your part.

Investments can be made via Liberty Reserve, StrictPay, SolidTrust Pay and PerfectMoney so you should have plenty of options there.

I realise that I have posted about GNI quite a lot recently but I really do believe that it has a lot to offer and would urge readers to investigate for themselves as soon as possible.

Online Investing round up…

There have been quite a few things happening in the world of online investing over the last couple of weeks so I thought I’d do a quick round up of what’s happening.

Let’s start with Global Pension Plan. After announcing in the summer that the necessary 100,000 policies had been purchased things went very quiet until a new post on their forum appeared this week. Unfortunately the update wasn’t that edifying and it now looks as though they are pushing to sell the outstanding 25,000 or so additional policies that were made available. At €10 per policy they still represent great value for existing members so hopefully it won’t be too long before they go.

Next up is Thirty Dollar Unit. Whilst this seems to be as painful as pulling teeth a new announcement on the forum gives hope. Even though some members are finding it difficult to follow instructions the admin has said that payouts will commence in the week before Christmas except for those members who still have problems.

In a recent post I mentioned that Imperia Invest had published their payment schedule and that it will still be possible to invest up until February 2010. Again, the $50 investment for each TEP has the potential to provide significant rewards and is well worth investigating.

Two recent programmes that I’ve posted about, Gold Nugget Invest and PTV Partner, have started to upgrade both hosting and websites. Both of these programmes have impressed me with their professional approach and it’s looking good for the future.

The ever oblique HCI25 are hosting the first of several meet and greets with users who have qualified by referring more than 12 investors to the Reverse Pension Plan. The get together is in New York and all of us who haven’t qualified are eagerly waiting for some news that will put some meat on the bones of how well managed the company is. With less than 400 RPP contracts left (again a great opportunity to invest right now) there should be some good news coming shortly…let’s keep the faith for now.

Okay, so that sums things up for now!

Gold Nugget Invest getting closer to going private…

The idea of no-risk betting has been around for some time, the idea being that you exploit differences in odds being offered by bookmakers to provide you with a no lose wager.

For most individuals the mechanics of doing this have been difficult, time consuming and quite stressful in some situations. Luckily Gold Nugget Invest is an online opportunity that does all the hard work for you and all you have to do is sit back and earn a fixed return each week.

The company is fast approaching its 3 year anniversary and maturing to the point where they see themselves going private in early 2010. So, what does going private actually mean? Simply put it means that membership will be tightly controlled and you would not be able to join directly on the Gold Nugget Invest website as you can today.

As a pre-cursor to going private a new website is to be launched in early October so I assume this will allow the necessary changes once the date is set for closing membership to the general public.

In terms of investment the minimum amount you can deposit is $50. With a weekly fixed return of 6% it wouldn’t take too long (about 4 months) to recoup your initial outlay and then all returns are profit. The maximum allowed in this plan is $20,000.

If you have more to invest, minimum $21,000 and maximum $50,000 then you would receive 7.5% return per week. With this plan your initial outlay is recouped in about 3 months.

The third plan is shown as a weekly fixed rollover of 0.8% although looking more closely this seems to be a daily return with a minimum investment of $20 (although it shows $3 on the actual plan page).

I know Gold Nugget Invest has many enthusiastic supporters so it seems that this is an opportunity well worth investigating.