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Go Back   Talkgold HYIP, Investment & Money Forum > Caution : Risky High Yield Investing Programs > General Program Talk

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Re: I'm new to this, is this real?
  #11  
Old 01-21-2008, 04:56 PM
Not_A_Newbie Not_A_Newbie is offline
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Location: UK
Posts: 9,318
Default Re: I'm new to this, is this real?

Quote:
Originally Posted by JackSmart
True but you wont know which are & which are Not, until you'll Try it!
Not true, they are all scams.
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Re: I'm new to this, is this real?
  #12  
Old 01-21-2008, 05:01 PM
Not_A_Newbie Not_A_Newbie is offline
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Default Re: I'm new to this, is this real?

Quote:
Originally Posted by kadie
Thank you for telling me.

I am in college and need a weekly income and the company I was talking about has a weekly plan and I need a weekly income. I do not have the
$20K per year it takes to attend college but have about $8K and I need something to make up the difference.

I'm doing my due diligence now on the company. They have forwarded my e-mail to several of their members and I have made phone contact with 7 thus far. None had anything bad to say about the company.

As I look at the ads here, you can't contact the admin and get a phone number to talk to them. That isn't good as I see it. I have talked to the person that owns the company that I'm considering to join as well as some of the members by phone. I like that.

I'm not one to let the high profit blind me to reality although I'm just 22. But, the 100% per week does seem high. It's not 100% of the deposit that you earn the profit on but the face value of the gold coin they use. It works out to about 30% per month if I figured right. That means that with $8K I would get $2,400 per month and my $8K would be held safely credited to me in the form of gold coins and accounted for by a CPA. If the company failed to honor their agreement then I could call my coins and have lost nothing. It's all part of the agreement that I would have to sign when I meet them face to face.

Their home page is very interesting and nothing is hidden. I have to make a face to face visit to join otherwise they won't let me join and I can bring any one other person with me that I want to even my lawyer. It's not an investent but a buy sell transaction or currency deal. I don't know! I know I just need money so I can get an education and I don't want to join a scam.

Thank you for your comments.

KadieVance@yahoo.com
Kadie, please tell us the name of the 'company' - if you post a link to their website we can take a look.

Is this the one that pays 9000%
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Re: I'm new to this, is this real?
  #13  
Old 01-21-2008, 05:24 PM
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pluggy pluggy is offline
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Default Re: I'm new to this, is this real?

Personally I'd put 10% a month at the top end of sustainable investments. Some would put it a lot lower.....
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Re: I'm new to this, is this real?
  #14  
Old 01-21-2008, 05:33 PM
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Skyree Skyree is offline
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Default Re: I'm new to this, is this real?

Quote:
Originally Posted by kadie
Thank you for telling me.

I am in college and need a weekly income and the company I was talking about has a weekly plan and I need a weekly income. I do not have the
$20K per year it takes to attend college but have about $8K and I need something to make up the difference.

I'm doing my due diligence now on the company. They have forwarded my e-mail to several of their members and I have made phone contact with 7 thus far. None had anything bad to say about the company.

As I look at the ads here, you can't contact the admin and get a phone number to talk to them. That isn't good as I see it. I have talked to the person that owns the company that I'm considering to join as well as some of the members by phone. I like that.

I'm not one to let the high profit blind me to reality although I'm just 22. But, the 100% per week does seem high. It's not 100% of the deposit that you earn the profit on but the face value of the gold coin they use. It works out to about 30% per month if I figured right. That means that with $8K I would get $2,400 per month and my $8K would be held safely credited to me in the form of gold coins and accounted for by a CPA. If the company failed to honor their agreement then I could call my coins and have lost nothing.

Their home page is very interesting and nothing is hidden. I have to make a face to face visit to join otherwise they won't let me join and I can bring any one other person with me that I want to even my lawyer. It's not an investent but a buy sell transaction or currency deal. I don't know! I know I just need money so I can get an education and I don't want to join a scam.

Thank you for your comments.

KadieVance@yahoo.com
It is VERY easy for someone in say Eastern Europe for example to acquire a VoIP landline in the U.S. and re-route it to their computer. As an exchange company, we have had many try this.

Just because you talk to someone on the phone does not mean they're even located in the country where you think you called them.

Like others have said, just tell us who this company is and we can tell you if they're a scam or not.
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Re: I'm new to this, is this real?
  #15  
Old 01-21-2008, 05:39 PM
mrGSH's Avatar
mrGSH mrGSH is offline
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Location: Canada
Posts: 11,990
Default Re: I'm new to this, is this real?

He says he has to have a face-2-face meeting to join. I do not think it is really safe. Perhaps more DD has to be done, to assure at least there is no going to be physical danger.
Quote:
Originally Posted by Skyree
It is VERY easy for someone in say Eastern Europe for example to acquire a VoIP landline in the U.S. and re-route it to their computer. As an exchange company, we have had many try this.

Just because you talk to someone on the phone does not mean they're even located in the country where you think you called them.
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Re: I'm new to this, is this real?
  #16  
Old 01-21-2008, 07:34 PM
makila makila is offline
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Join Date: May 2005
Posts: 313
Default Re: I'm new to this, is this real?

Hi Kadie.

The best profitable business *may* double your money in a year time. Which is around 0.3% daily profit. (2xx*0.3% = 60-70%, now if you compound, 60-70% equals approximatily 100% profit)

Remember real businesses rarely work in the weekend. So there are only 2xx businessdays in a year

So if you see a business claim they can make you more than lets say 0.2-0.3% a day, its NOT real. The only reason some of these companies last a long while is because there are more "Dumb-asses" joining then that they are "smart people" withdrawing.
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Re: I'm new to this, is this real?
  #17  
Old 01-21-2008, 09:02 PM
bullskeptic bullskeptic is offline
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Join Date: Apr 2005
Posts: 396
Default Re: I'm new to this, is this real?

Quote:
Originally Posted by kadie
Thank you for telling me.

I am in college and need a weekly income and the company I was talking about has a weekly plan and I need a weekly income. I do not have the
$20K per year it takes to attend college but have about $8K and I need something to make up the difference.

I'm doing my due diligence now on the company. They have forwarded my e-mail to several of their members and I have made phone contact with 7 thus far. None had anything bad to say about the company.

As I look at the ads here, you can't contact the admin and get a phone number to talk to them. That isn't good as I see it. I have talked to the person that owns the company that I'm considering to join as well as some of the members by phone. I like that.

I'm not one to let the high profit blind me to reality although I'm just 22. But, the 100% per week does seem high. It's not 100% of the deposit that you earn the profit on but the face value of the gold coin they use. It works out to about 30% per month if I figured right. That means that with $8K I would get $2,400 per month and my $8K would be held safely credited to me in the form of gold coins and accounted for by a CPA. If the company failed to honor their agreement then I could call my coins and have lost nothing.

Their home page is very interesting and nothing is hidden. I have to make a face to face visit to join otherwise they won't let me join and I can bring any one other person with me that I want to even my lawyer. It's not an investent but a buy sell transaction or currency deal. I don't know! I know I just need money so I can get an education and I don't want to join a scam.

Thank you for your comments.

KadieVance@yahoo.com
I don't even know where to begin...I'm ....actually.... speechless.
On second thought no I'm not. Your newbie-ness astounds me. I say go ahead and "invest." within 6 months you can kiss your "weekly income" goodbye, and forget about recovering coins, bars, or any kind of "refund". (12 months if you're EXTREMELY lucky).

It'll be a good lesson for your to learn. Sometimes people get stung once and learn a valuable lesson. Others need to learn it several times before it sets in. Hopefully you are not one of those people, but considering the extreme naivete of your above post I'm guessing you are.
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Inside every investor's mind there is an eternal war between optimism and the pessimism. Ironically if either side completely takes over, the investor is doomed to poverty. Can you balance the 'bull' and the 'skeptic' within you?
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Re: I'm new to this, is this real?
  #18  
Old 01-22-2008, 04:01 AM
tential tential is offline
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Join Date: Sep 2007
Posts: 162
Default Re: I'm new to this, is this real?

If you have 8 grand saved up I would assume that 100 dollars isn't too much to lose. Start with 100 dollars and see if you can build that up to anything. Read the threads and the programs and find which ones are hot.
A few tips though of course to get you started.
1. All Programs are "Scams"
People say all programs are "scams" and they are in a sense right. No program sticks around for ever. Then again can you expect a program to stick around that is giving you a huge profit?

2. Don't be greedy.
Once you start a program you should always try to get your principal out and then some to gaurantee you are in profit when the program ends. Every program WILL end. Your goal should be to get more than what you put in and you should figure out how long it will take you to make 200% and then decide on whether you think it'll last that long.

3. It's all luck.
Every program is luck on when it will close. The longer term a program is the longer it should last but also the longer it will take you to be in profit. The shorter term a program is the more likely it is to die. However, anything can happen so you are never always safe.

4. Diversify.
Don't put all your money into one program and don't play with more than what you plan to. I have never used my own money to use any of these programs and I'm not saying you should go that route but you don't want to keep adding more money saying to yourself "This program will be my big break.". If you do decide to start with say 100 dollars or so in this then keep it that way. If you some how lose it all you at least can say to yourself that you didn't lose your full savings and you learned a lesson.

Most importantly have fun. Hope this helps.
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Re: I'm new to this, is this real?
  #19  
Old 01-22-2008, 09:07 AM
Massivef Massivef is offline
Senior Investor
 
Join Date: Dec 2007
Posts: 425
Default Re: I'm new to this, is this real?

Quote:
Originally Posted by pluggy
Personally I'd put 10% a month at the top end of sustainable investments. Some would put it a lot lower.....
Yes, it's pretty good opinion... looks like you've got some experience in it
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Re: I'm new to this, is this real?
  #20  
Old 01-22-2008, 07:29 PM
kadie kadie is offline
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Join Date: Jan 2008
Posts: 10
Default Re: I'm new to this, is this real?

Hi,
This Friday, I am going to visit this person with my attorney. My attorney talked to the individual and also to two of his local friends which are attorneys and verified that what is offered is legitimate. A meeting is set for us Friday the January 25. I'm only 180 miles from him, so it's about a 3.5 hour drive for us. If it is legitimate, my attorney says he will not charge me for his time or service. I think he is as excited about it as I am. Have an English class to attend, and what amazes me is I thought I knew English already. Also, I am not going to use any of my money in any of the plans I find here. Testing something when others are doing the same does not make sense to me, but of course I'm a girl with no experience in these things. Bye, KV
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