Browsing Category: "patience"
All that glitters is gold…
In the UK over the last few weeks you can’t turn around without seeing an advert offering to take off your hands any gold you might have. The idea is that the companies who advertise will give you a good price for any gold jewellery or the like that they can use.
Unfortunately not all of these companies are reputable and many people are being caught out and not receiving the true value of what they have.
This sudden upsurge is being driven by the bull market in gold at the moment and many commentators are suggesting that the value of gold can only get higher.
Personally I invest in gold but in a much safer way. I have an account at Bullion Vault and am extremely happy with their service.
This is an online service where you can buy and sell gold bullion at the best prices. You don’t have to take delivery of any bullion as it is all securely held in strongrooms in New York, Zurich or London. With the highest level of online security I have seen you can be sure that Bullion Vault will look after your interests.
When I began investing I set up a standing order with my bank to transfer a fixed amount on a monthly basis into my Bullion Vault account. This meant that I could purchase small quantities of this precious metal knowing that as the price rose I would benefit from the increase.
As many investment experts tell us it is important to diversify our funds and that is one reason why I joined Bullion Vault. Given that expectations are very good for gold I feel that joining Bullion Vault was a wise move at a reasonable outlay.
There aren’t any really negatives that I can mention about Bullion Vault except perhaps I wish I had more funds to put with them. When you sign up you will receive a nominal credit in your account so that you have a chance to test things out. I’d be very surprised if you weren’t impressed.
Thirty Dollar Unit (TDU) publish payment details…
After what seems a lifetime Thirty Dollar Unit have published the details that people will need to provide to get paid from the programme.
I’ll admit that often I was doubtful whether we would ever get this far but as I’ve said many times patience is a major part of online investing.
I’m not going to post the precise details in this post as that may expose the programme to some risk. So, if you invested in Thirty Dollar Unit and you want to get paid then you will need to head over to the TDU forum.
If you haven’t already registered there then you might encounter a problem so I’d advise you to get back to your sponsor to see if they have the necessary details.
Now, of course, we haven’t seen any funds in our accounts as yet so we are still not in a position to say that TDU is a success but at least we are a step nearer.
One last note, please be careful when filling out the details as no questions can be asked and only one submission per member will be allowed.
Let’s hope this is one that actually does pay out.
I’ll admit that often I was doubtful whether we would ever get this far but as I’ve said many times patience is a major part of online investing.
I’m not going to post the precise details in this post as that may expose the programme to some risk. So, if you invested in Thirty Dollar Unit and you want to get paid then you will need to head over to the TDU forum.
If you haven’t already registered there then you might encounter a problem so I’d advise you to get back to your sponsor to see if they have the necessary details.
Now, of course, we haven’t seen any funds in our accounts as yet so we are still not in a position to say that TDU is a success but at least we are a step nearer.
One last note, please be careful when filling out the details as no questions can be asked and only one submission per member will be allowed.
Let’s hope this is one that actually does pay out.
Global Pension Plan are moving to the next stage…
After a short delay Global Pension Plan have published a new update. Now that their site is back online it seems that things are getting back to some form of normality.
It’s been confirmed that the necessary 100,000 member requirement has been met as verified documents for that number have now been received by the Admin. The next stage will be down to the Insurance Company as they undertake the next stage of preparing for payout.
The Global Pension Plan admin advises that this next stage will take between 2 and 3 months, however any time estimate should be treated with some caution as very few estimates turn out to be close to the mark so my suggestion would be to allow a minimum of 2 months, then stay vigilant and responsive.
The update also mentions that are an additional 42,000 policies available and the insurance company would like to sell them as soon as possible. If I understand this correctly the additional policies are only available to existing clients and cost €10 each.
Personally, I’m not clear as to why these additional policies are still available so wouldn’t recommend buying any until there is a clearer explanation from Global Pension Plan as to their status.
As ever we shouldn’t read too much into this update and need to remain open minded about the possibility of a final payout. But at least it does seem to be moving in the right direction.
It’s been confirmed that the necessary 100,000 member requirement has been met as verified documents for that number have now been received by the Admin. The next stage will be down to the Insurance Company as they undertake the next stage of preparing for payout.
The Global Pension Plan admin advises that this next stage will take between 2 and 3 months, however any time estimate should be treated with some caution as very few estimates turn out to be close to the mark so my suggestion would be to allow a minimum of 2 months, then stay vigilant and responsive.
The update also mentions that are an additional 42,000 policies available and the insurance company would like to sell them as soon as possible. If I understand this correctly the additional policies are only available to existing clients and cost €10 each.
Personally, I’m not clear as to why these additional policies are still available so wouldn’t recommend buying any until there is a clearer explanation from Global Pension Plan as to their status.
As ever we shouldn’t read too much into this update and need to remain open minded about the possibility of a final payout. But at least it does seem to be moving in the right direction.
Thirty Dollar Unit – who’d be an Admin…
Is it me?…Why would anyone take on the role of Admin for an online investment opportunity? Certainly not moi!
I’m sure I will be lambasted for some of the things I’m going to say in this post but to be honest very little surprises me at the moment.
There are probably thousands of people who are right now waiting for some news from the Admin of Thirty Dollar Unit. It’s been quite some time since the site went down and the forum that took its place has experienced a roller coaster of emotions since it was set up. In fact it’s a classic case of initial euphoria followed by mild unease and descending into some fairly unsavoury stuff. So, why has this happened?
Personally, I believe it is like many other such online investments…lack of communication and over optimism.
The TDU admin, Jackie, is bearing the brunt of what is turning out to be some heavy scepticism around the whole operation.
Now I have no inside knowledge of TDU or any other online investment but what I do know is that if ever I invest I go in with my eyes open and in the knowledge that I could lose my money. It seems a shame that countless others don’t have this attitude either through ignorance of the online investment world or just like to cause trouble.
Will TDU pay? I can’t answer that but it certainly won’t help if I send pointless questions to Jackie and her team as this will only increase the delays. Just let them get on with things. If we get paid then that’s great, if not, just move on.
Now I know many people will say that this is a blinkered view and somewhat dismissive of other people’s situations and whilst I have sympathy for people who put their money into programmes such as TDU hoping to pay off some serious debts I have to question whether they fully understand the risks involved.
I’ve already had comments saying that I have no right to pass comment on TDU but as far as I’m aware free speech is still my right so I’ll continue to voice my opinion. I’ve also been asked to join an alternative TDU forum but again I just don’t see the point of creating an alternative.
We are all frustrated at the time it is taking to get things resolved and it is possible that they never will be to our satisfaction but I’m not going to self-flagellate in the meantime. Let Jackie and her team get on with things and see how things turn out.
I’m sure I will be lambasted for some of the things I’m going to say in this post but to be honest very little surprises me at the moment.
There are probably thousands of people who are right now waiting for some news from the Admin of Thirty Dollar Unit. It’s been quite some time since the site went down and the forum that took its place has experienced a roller coaster of emotions since it was set up. In fact it’s a classic case of initial euphoria followed by mild unease and descending into some fairly unsavoury stuff. So, why has this happened?
Personally, I believe it is like many other such online investments…lack of communication and over optimism.
The TDU admin, Jackie, is bearing the brunt of what is turning out to be some heavy scepticism around the whole operation.
Now I have no inside knowledge of TDU or any other online investment but what I do know is that if ever I invest I go in with my eyes open and in the knowledge that I could lose my money. It seems a shame that countless others don’t have this attitude either through ignorance of the online investment world or just like to cause trouble.
Will TDU pay? I can’t answer that but it certainly won’t help if I send pointless questions to Jackie and her team as this will only increase the delays. Just let them get on with things. If we get paid then that’s great, if not, just move on.
Now I know many people will say that this is a blinkered view and somewhat dismissive of other people’s situations and whilst I have sympathy for people who put their money into programmes such as TDU hoping to pay off some serious debts I have to question whether they fully understand the risks involved.
I’ve already had comments saying that I have no right to pass comment on TDU but as far as I’m aware free speech is still my right so I’ll continue to voice my opinion. I’ve also been asked to join an alternative TDU forum but again I just don’t see the point of creating an alternative.
We are all frustrated at the time it is taking to get things resolved and it is possible that they never will be to our satisfaction but I’m not going to self-flagellate in the meantime. Let Jackie and her team get on with things and see how things turn out.
Thirty Dollar Unit are activating forum memberships…
In a previous post I lamented that Thirty Dollar Unit were behind on authenticating memberships to their newly created forum. I wrote that I was still waiting to be activated and that we would need to practice some more patience.
Well, patience has paid off and today I received my formal activation for the new forum. It probably won’t surprise readers to hear that some of the delays have been caused by people submitting more than one application as they hadn’t received instant authentication on their original application.
It seems to me that a lot of people have a knee jerk reaction when it comes to online investments and expect things to happen instantly. This is just not feasible in this sort of situation. What people should realise is that an individual member is just a very small part of the total invested population. Experience does show that online investments are generally poor at communication and by repeatedly sending in questions or additional applications will only increase the workload and delay things even further.
If I was to stress one point when asked what is important about online investing it is have PATIENCE by the bucketload as otherwise you will become very frustrated.
So, if you are a member of Thirty Dollar Unit and have not been activated yet then please just wait as it will happen.
Thirty Dollar Unit trip themselves up…
I’ve had quite a few emails asking what has happened to the Thirty Dollar Unit website as it went down earlier in the week.
This was something of a concern as they had previously advertised that they would cease receiving any more deposits from 13th February and the site went down earlier than that so concern was raised.
It appears that the problem with the website was caused by an earlier email that Thirty Dollar Unit had sent out to many people promoting a mobile phone service. This departure from the normal content from them seems to have raised flags with some people who then complained to the site host about spam. Consequently, the website company shut Thirty Dollar Unit down.
It now seems that the TDU admin will be contacting people from another email address. However, this will not allow bulk mail distribution so if you are looking for more news about payouts then you should keep a close eye on information sources over the next few weeks.
As I understand it the process for payout is continuing and the admin is in the process of finalising confirmations of deposits and resolving other queries.
This was something of a concern as they had previously advertised that they would cease receiving any more deposits from 13th February and the site went down earlier than that so concern was raised.
It appears that the problem with the website was caused by an earlier email that Thirty Dollar Unit had sent out to many people promoting a mobile phone service. This departure from the normal content from them seems to have raised flags with some people who then complained to the site host about spam. Consequently, the website company shut Thirty Dollar Unit down.
It now seems that the TDU admin will be contacting people from another email address. However, this will not allow bulk mail distribution so if you are looking for more news about payouts then you should keep a close eye on information sources over the next few weeks.
As I understand it the process for payout is continuing and the admin is in the process of finalising confirmations of deposits and resolving other queries.
Global Pension Plan website taken down…
For those who have waited patiently for month after month the fact that the Global Pension Plan website has been taken down can only add to the concern that things aren’t looking positive.
Of course, those with a more positive frame of mind may see this as the inevitable next step in the completion process. The site admin did say that applications would close on 31 January so the site no longer being available may just mean that the next stage is being entered into and work is underway to begin the payout process.
Whichever camp you are in there is no doubt that in terms of communicating with their investors Global Pension Plan have not performed well.
We are all now in limbo waiting for some form of update that would give investors better information. I know a few people thrive on speculation and go from being very positive to very negative and back again in a very short timeframe. Personally I prefer to wait for some definitive information from the admin as they are the only people who know the facts.
My family are uneasy and keep asking questions I just don’t have the answers to and whilst it is frustrating for everyone there is little of a practical nature we can do for the time being. My advice would be to hang in there and let some more time pass before passing final judegement.
Of course, those with a more positive frame of mind may see this as the inevitable next step in the completion process. The site admin did say that applications would close on 31 January so the site no longer being available may just mean that the next stage is being entered into and work is underway to begin the payout process.
Whichever camp you are in there is no doubt that in terms of communicating with their investors Global Pension Plan have not performed well.
We are all now in limbo waiting for some form of update that would give investors better information. I know a few people thrive on speculation and go from being very positive to very negative and back again in a very short timeframe. Personally I prefer to wait for some definitive information from the admin as they are the only people who know the facts.
My family are uneasy and keep asking questions I just don’t have the answers to and whilst it is frustrating for everyone there is little of a practical nature we can do for the time being. My advice would be to hang in there and let some more time pass before passing final judegement.
FAPTurbo and Forex Auto Scalper suffer in volatile conditions…
I mentioned at the end of last week that I would not be trading with FAP Turbo or Forex Auto Scalper this week as events in the US and general economic conditions seem to be hanging heavily on the market.
This seems to have been a wise decision as reading various reports things have not worked well this week. Right at the beginning of the week I noticed a trade on my Forex Auto Scalper that resulted in a 20 pip loss (this was outside of normal trading time) so I immediately closed it down.
Reading the FAP Turbo forum there are many posts where people have experienced losses, especially on the GBPCHF. Some people have lost a sizeable amount of their bank and are smarting from the experience.
Having said all that I believe there is some evidence that the big losers were using settings that were less than conservative so there is a case for reaping what you sow to some extent.
A very useful site that will provide detail trades on both FXDD and FX Pro live accounts is FapTurbo Review. When you sign up with your email they will send you a weekly commentary on how they fared during the week. They also show the settings they use to help newcomers.
I will watch how things go next week to decide whether I will start up either FAP Turbo or Forex Auto Scalper for trading. As said on many comments I’ve seen being out of the market in volatile times is just as important an investment strategy as being in it when profits are being made.
Again, many people seem to expect these tools to provide instant profits of a sizeable nature. I think this is the wrong approach. Time is on your side because the market is always there and as long as you use compounding sensibly the long term is a better bet for overall profitability.
This seems to have been a wise decision as reading various reports things have not worked well this week. Right at the beginning of the week I noticed a trade on my Forex Auto Scalper that resulted in a 20 pip loss (this was outside of normal trading time) so I immediately closed it down.
Reading the FAP Turbo forum there are many posts where people have experienced losses, especially on the GBPCHF. Some people have lost a sizeable amount of their bank and are smarting from the experience.
Having said all that I believe there is some evidence that the big losers were using settings that were less than conservative so there is a case for reaping what you sow to some extent.
A very useful site that will provide detail trades on both FXDD and FX Pro live accounts is FapTurbo Review. When you sign up with your email they will send you a weekly commentary on how they fared during the week. They also show the settings they use to help newcomers.
I will watch how things go next week to decide whether I will start up either FAP Turbo or Forex Auto Scalper for trading. As said on many comments I’ve seen being out of the market in volatile times is just as important an investment strategy as being in it when profits are being made.
Again, many people seem to expect these tools to provide instant profits of a sizeable nature. I think this is the wrong approach. Time is on your side because the market is always there and as long as you use compounding sensibly the long term is a better bet for overall profitability.
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.
