Digot Free vs Digot Standard

[Martins illegitimate son]

In round figures seven, you can reckon 2 of the 5 sessions will go to pay the OA fee, the other 3 are profit. There is the compounding effect that makes the TDV Grow much faster (ie you spend the DXDebit each session on new digots). Average gains are in the 1.5 to 2.0% per session region. Mine were 1.6% last session and a smidging over 2% the session before. It depends on your mix of digots.

3 or 4% a month isn***39;t very exciting, but its about what a lot of legit private investment funds are offering. This is opposed to the 3% a day many ponzis offer and then vapourise in 3 months.

Thanks, for the feedback, Plug.

[rodman]

Originally posted by pluggy@Jan 20 2005, 01:59 PM

This is the source of what I now regard as the urban myth. My experience tells me there is no difference I get about the same gains in my 2 portfolios, I have the same percantage qualification, I get the same ratio DXDebit from each. I use them interchangeably. If it has a bearing on Console privileges I havn***39;t noticed and is irrelevent for a newbie without the console anyway. Anyone give some real evidense that a standard is better than a free ?

Well, I got your point, but your Free Portfolio behaves like the standard one once you put some of your own money in the portfolio. I think the "urban myth" try to making aware new members that you can***39;t be a successful DXmerchant if you don***39;t spend your own money.

Think in a Free Portfolio where you never spend one dollar, your CL will be close to your TDV, so your DXDebit will be very little. Imaging repaying a 10***036; DXDebit, to OutX 200***036;.

So there is the need to increase your portfolio, and to not think only in the free stuff. You now the "FREE" word is a charming one.

[nanag]

Yes I believe that a portfolio can be free to a point but unless you pay your OA fees it is not viable.
Because if you dont pay the OA fees all the increases just increase your C/L accordingly.
Which causes the portfolio to be non viable unless you pay of the C/L there after your portfolio is not free.?
So their is no myth and that is one of the main reasons that you need to start it with a minimum of ***036;15.00.
Even Pluggy should know that you have to pay OA fees to use the portfolio as an insurance or DX Consul operations as DX Debit available.

[Martins illegitimate son]

It becomes evident as you play with the system that there is no way you can get any of the 30 bucks out without putting some in. And even then its slow unless you put a reasonable amount in. It would be much less confusing if they scrapped the free 30 bucks, it doesn***39;t really do anyone much good.

Hi guys,
Your perfectly right pluggy it is an urban myth. It was started to try and scare people into putting money in straight away so that referral commisions were made.

Indeed, Dxgold actually asked for the information to be changed in that document that you quote.

best regards

[nanag]

Sorry venturescan but :
Their is no urban myth in regards to no difference between a free and standard portfolio you have to pay an amount of money whether in fees or through an inexchange from your E-Currency accounts, to be able to work the free portfolio their is no other way.
Otherwise it is a virtual account of no worth because of the imbalance through the C/L charge and Non activation of the portfolio through the OA fees which allows you to withdraw the DX Debit available to outexchange.

Hi eagle9,

Thats actually correct, which ever way you go you still have to put some money in a portfolio. But I think my point more than anything was that the line that you wont get the same gains in a digot free port is extremely misleading. Free and standard ports still receive the same TDV gains etc, there is no difference. The difference lies in those gains being offset by CL/Fees.

But the tutorials are still misleading and that is why DXGOLD asked for it to be changed.

Regards
Steve

P.S I appreciate reading your posts in the PIPS forum. They always give me a sane, valid viewpoint. I don***39;t always agree but appreciate the slant on the subject.

Hi***33;

I***39;ve just been having the time to catch up with things, and thought I***39;d look around over here.

Points to make:

1. It is true that the info about the DigotFree Portfolio is incorrect; that was info that we had gleaned back in the old days, and seemed correct at the time. The fact was that DXGold had explained to me the value of helping ensure that Members start at least a DigotStandard Portfolio for max gains... but to me. I thought that they meant that the DigotStandard meant more gains... for the ***39;starter.***39; Their approach to me was that in a group context, I should be teaching folks to start a DigotStandard or better; I misunderstood why at the time.

I did misinterpret that, and it wasn***39;t important to anyone (DXGold or others) for quite awhile.

2. DXGold asked me to update that info some time back, because they kept getting confusing messages from worried new Members who had started a DigotFree, and was begging DXSupport to change it (which made no sense to them, and they finally figured out what was going on, and got ahold of me about it).

3. I changed the info in a different Portfolio topic that was written back in that day (Portfolio Stuff 101), and didn***39;t realize that that info was still around in the other topic (too many topics to keep on top of)... when I saw this post, I dove around looking to see where the heck this info was coming from... and finally found it. It***39;s changed, now.

4. At any rate, I***39;ll still press, generally, for folks to start DigotStandards. This is because referral commissions are created that way, where they would not be for the creation of DigotFree***39;s... and since any half-serious Member will have to add at least ***036;15 to get a Portfolio to the point of usefulness anyway, then why not add it early, to help the referrer get a justified commission? It doesn***39;t cost the new Member any more than it would have otherwise, but instead of that commission being ***39;absorbed***39; by DXGold, it***39;s given to the referrer.

Since I have the site as a general way of helping my Members out with maximizing what they can get from DXGold (as best I can -- outdated topics and all), I feel that it***39;s my duty to press that issue. Else, everyone starts with a DigotFree, and will still shrug later and add at least ***036;15 if they mean to do anything here. But by then, the commission was lost to the referrer... multiply that by several 100 referrals (in 3 levels deep, I have about 1800 referrals myself), then that amounts to a LOT of lost commission... for no good reason at all.

Note: imagine referring 500 Members. And 250 start a DigotStandard. You get ***036;2500 for it. That should not be an ***39;ignored***39; income source for anyone since it costs no difference to the new Member... it wouldn***39;t be sensible for me to neglect the ***39;light press***39; toward teamwork in creating referral commissions for everyone referring others.

Nonetheless, back in the day, I thought that that was correct info. Learning like everyone else. I think I had been in the system 2 months when I wrote the original version of that topic.


5. Last note... the only reason for the free ***036;30 is NOT that they***39;re giving you ***036;30, because this money is basically applied to your CL at the same time. What they***39;re giving you is *just enough* face-value on a Portfolio that you start so that you can begin to see it earn. You don***39;t keep the ***036;30... just the gains that it provides. And that helps you see how the Portfolio works.

Pushing for a DigotFree is in DXGold***39;s interest... pushing for a DigotStandard or better is in all of our interests as referrers. DXGold would rather that everyone started a DigotFree... we***39;d rather that everyone started a DigotStandard... and again, anyone serious about the Portfolio will have to add at least ***036;15 anyway... adding it first means commissions to referrers. Not adding it first means NO commissions to referrers, even if it***39;s added later. Which it will be for anyone serious about it.

PHEW... it***39;s 5 am, lol... I***39;m off to bed***33; Have a great weekend, and thanks for starting this thread so that I could get that batch of info updated on the site. DXGold DID ask me to update that... I thought I had with the other topic.