The sudden disappearance of PTVPartners yesterday came as no surprise to some who have played this game for some time. To others it was a complete shock, and a bitter disappointment yet again. One elderly gentleman, driven to desperation by his situation, posted on a popular forum his intention to take his own life, and that of his wife. Such is the depth of despair some experience when their trust is broken in such a deceptive way. A sharp reminder that God is our provider, and putting such trust in mere men always leads to disappointment.
I will add more here as to the hows and whys of this debacle unfold. Suffice to say, treat any program listed on this site as having the potential to disappear just as quick. Enter this minefield at your own risk, and be prepared for some losses.......they will come!
More soon.
Wednesday, April 28, 2010
Monday, April 5, 2010
SportArbs, PTVPartners and referral commisions
Several key programs have failed in recent months blaming their demise, at least in part, on what they term "referral abuse". This week, both SportArbs and PTVPartners have taken action to prevent a similar fate. Both programs have cited referral abuse as the main concern to the continued viability of their operations.
It is interesting to note that SportArbs began their program with a 3 level referral structure, but after about 3 months switched to a single level. PTV on the other hand, began with a single level, paying 6%, and then switched to a 3 level! Just last week PTV dropped their referral program entirely, after a member poll in their forum indicated the majority of members agreed to drop it. Less than 200 members bothered to vote on the issue. My thoughts are that management had made the decision well prior to the poll, and was simply seeking confirmation from the member base. With talk that it was becoming detrimental to the programs' viability, of course members voted that way!
Changes at SportArbs:
I still quite like this program, but the timing of the changes last week really peeved me! I had my 1st withdrawal pending for over a week before the announcement was made about the changes. They did present a valid argument, giving a detailed explanation of what is really involved with moving funds in/out of ecurrency accounts so that they can be put to use actually creating a profit. Feel free to read the update under "PRESS" on their website.
The changes made are that new money into the program will not earn interest for 5 days after the deposit. Gives them time to put it to work with bookmakers. Fair enough. The other change is to withdrawals. These will be processed within 10-12 days, and will only be paid to their new visa card system. This is the bit that peeved me.....the cards will cost members $100-$120! I have canceled my $150 withdrawal and activated a new deposit with it. This is becoming a long-term project for me.
PTV Partner changes:
This one is pretty simple. No more referral commissions at all. No other changes to the actual program structure have been announced.....yet!
What is referral abuse?
The majority of HYIPs strictly forbid members opening multiple accounts, and many will go to great lengths (monitoring IPs etc) to prevent this. The problem is that a member will open one account, make a nominal deposit, then open a second acct using their ref link to make a more substantial deposit, thus earning for themselves a nice commission on their own deposit. Morally, I agree it is not a good thing, especially when the program was perhaps promoted by another member, who should have earned that commission. But why should this activity affect the viability of a program? Let's do the maths, based on 6% commission.
A member joins a certain program from a link he found on a website, and makes a 10k deposit. The referring member receives a $600 commission immediately.
The referring member deposits his commission into the program to earn interest. The program is now paying interest on $10600, but has only $10000 to work with. This should not be a problem, if the program is genuine and proper allowance has been made to accommodate the paying of commissions.
Another member joins the program, and opens a second acct from his own link in order to gain the commission for himself. Mathematically, it is no different to the 1st example, and should have absolutely no bearing on the viability of the program. When GNI announced its restructure (and ultimate closure) recently, referral abuse by major investors was cited as being a huge drain on their cashflow.
Apparently these members would have multiple accounts, and deposit large amounts into the program. After the 30 day minimum investment period, they were withdrawing in full, and redepositing the funds into different accounts, earning for themselves 6% bonus every time. I can understand this type of activity having an impact on a programs' cashflow. Perhaps better scrutiny of accounts, and maybe some sort of verification process, is necessary to eliminate it. Either way, if a program is properly administered, these issues should be dealt with long before they become a major issue, affecting the overall profitability of the program. Has PTV made the right decision? Time will tell, I guess, but I can't see too many members continuing their promotional efforts for them, without being rewarded. After all, 6% is a small price to pay for new business, especially under the referral model, where no payment is made before the new business is secured. I bet there are a lot of offline businesses who wish they had it so good........TV advertising is expensive!
Another interesting side note is that PTV openly stated in their FAQs that multiple accounts were permissable. Surely they realised the potential for referral abuse by setting this policy.
New Programs:
I have added a nice mix of programs to the list on the left. Something there for all players. Although I haven't completed my full DD on them all, I think they are worth a look. No favourites anymore....this race is getting too hard to call!
Happy investing:-)
It is interesting to note that SportArbs began their program with a 3 level referral structure, but after about 3 months switched to a single level. PTV on the other hand, began with a single level, paying 6%, and then switched to a 3 level! Just last week PTV dropped their referral program entirely, after a member poll in their forum indicated the majority of members agreed to drop it. Less than 200 members bothered to vote on the issue. My thoughts are that management had made the decision well prior to the poll, and was simply seeking confirmation from the member base. With talk that it was becoming detrimental to the programs' viability, of course members voted that way!
Changes at SportArbs:
I still quite like this program, but the timing of the changes last week really peeved me! I had my 1st withdrawal pending for over a week before the announcement was made about the changes. They did present a valid argument, giving a detailed explanation of what is really involved with moving funds in/out of ecurrency accounts so that they can be put to use actually creating a profit. Feel free to read the update under "PRESS" on their website.
The changes made are that new money into the program will not earn interest for 5 days after the deposit. Gives them time to put it to work with bookmakers. Fair enough. The other change is to withdrawals. These will be processed within 10-12 days, and will only be paid to their new visa card system. This is the bit that peeved me.....the cards will cost members $100-$120! I have canceled my $150 withdrawal and activated a new deposit with it. This is becoming a long-term project for me.
PTV Partner changes:
This one is pretty simple. No more referral commissions at all. No other changes to the actual program structure have been announced.....yet!
What is referral abuse?
The majority of HYIPs strictly forbid members opening multiple accounts, and many will go to great lengths (monitoring IPs etc) to prevent this. The problem is that a member will open one account, make a nominal deposit, then open a second acct using their ref link to make a more substantial deposit, thus earning for themselves a nice commission on their own deposit. Morally, I agree it is not a good thing, especially when the program was perhaps promoted by another member, who should have earned that commission. But why should this activity affect the viability of a program? Let's do the maths, based on 6% commission.
A member joins a certain program from a link he found on a website, and makes a 10k deposit. The referring member receives a $600 commission immediately.
The referring member deposits his commission into the program to earn interest. The program is now paying interest on $10600, but has only $10000 to work with. This should not be a problem, if the program is genuine and proper allowance has been made to accommodate the paying of commissions.
Another member joins the program, and opens a second acct from his own link in order to gain the commission for himself. Mathematically, it is no different to the 1st example, and should have absolutely no bearing on the viability of the program. When GNI announced its restructure (and ultimate closure) recently, referral abuse by major investors was cited as being a huge drain on their cashflow.
Apparently these members would have multiple accounts, and deposit large amounts into the program. After the 30 day minimum investment period, they were withdrawing in full, and redepositing the funds into different accounts, earning for themselves 6% bonus every time. I can understand this type of activity having an impact on a programs' cashflow. Perhaps better scrutiny of accounts, and maybe some sort of verification process, is necessary to eliminate it. Either way, if a program is properly administered, these issues should be dealt with long before they become a major issue, affecting the overall profitability of the program. Has PTV made the right decision? Time will tell, I guess, but I can't see too many members continuing their promotional efforts for them, without being rewarded. After all, 6% is a small price to pay for new business, especially under the referral model, where no payment is made before the new business is secured. I bet there are a lot of offline businesses who wish they had it so good........TV advertising is expensive!
Another interesting side note is that PTV openly stated in their FAQs that multiple accounts were permissable. Surely they realised the potential for referral abuse by setting this policy.
New Programs:
I have added a nice mix of programs to the list on the left. Something there for all players. Although I haven't completed my full DD on them all, I think they are worth a look. No favourites anymore....this race is getting too hard to call!
Happy investing:-)
Thursday, March 11, 2010
GoldNuggetInvest....gone in 60 seconds!
Well, not really 60 seconds. It's been almost 2 months since the "recovery" plan was implemented, but it only took 60 seconds to read yesterdays' newsletter announcing the closure of the program, effective immediately!
Some valuable lessons to be learned here, not the least of which is no investment is ever risk-free! There are literally hundreds of members who have committed far more than they were happy to lose, on the premise of the "risk-free guarantee" under which the program operated. Although admin has stated all members not in profit will be refunded, so that no member will actually lose money, that has yet to become reality.
The big mistake I made here was falling for the lure of ongoing compounding. In reality, this has proved a big mistake. I am showing as in profit, but my accumulated balance in excess of 6k is now worthless. Nine months wasted, for a net return of less than $40 on my deposit of $1434!! Not happy Jan:-(
So, the new strategy is this, and is applicable to any and all online "investment" programs, regardless of the promises!
Withdraw initial deposit ASAP! This is absolutely critical. After that time, there is no longer any risk of losing money.
At every opportunity to withdraw, take 50% and roll over 50% to build capital.
Those who employed this strategy with GNI have done well. Many didn't, me included, and have ended up very disappointed. Lesson learned. Now for the discipline:-)
Some valuable lessons to be learned here, not the least of which is no investment is ever risk-free! There are literally hundreds of members who have committed far more than they were happy to lose, on the premise of the "risk-free guarantee" under which the program operated. Although admin has stated all members not in profit will be refunded, so that no member will actually lose money, that has yet to become reality.
The big mistake I made here was falling for the lure of ongoing compounding. In reality, this has proved a big mistake. I am showing as in profit, but my accumulated balance in excess of 6k is now worthless. Nine months wasted, for a net return of less than $40 on my deposit of $1434!! Not happy Jan:-(
So, the new strategy is this, and is applicable to any and all online "investment" programs, regardless of the promises!
Withdraw initial deposit ASAP! This is absolutely critical. After that time, there is no longer any risk of losing money.
At every opportunity to withdraw, take 50% and roll over 50% to build capital.
Those who employed this strategy with GNI have done well. Many didn't, me included, and have ended up very disappointed. Lesson learned. Now for the discipline:-)
Sunday, December 20, 2009
Update on Arbitrage Wagering Pools
Arbitrage wagering on sports events continues to be the big winner, bringing regular, risk-free passive income. Adding your funds to a recognised wagering pool is the only way to make this truly passive. Doing it yourself is not only time-consuming, but requires a greater commitment of funds than the minimum required to pool.
My best performer is still GoldNuggetInvest, now contributing $300 weekly to my income. It is one of a handful of quality programs that allow weekly withdrawals of profits earned. This program has helped me greatly, leading up to Christmas. I will continue compounding in the New Year.
If you are considering this one, I would get involved soon. The team at GNI are fast approaching the level of funding they feel is the maximum they are comfortable trading. When that happens, the program may well be closed to new members,and I have been advised that compounding will no longer be an option. That is expected to happen within 3 months, so my recommendation is jump in now, if you have $500+. Anything less and you won't have time to compound to a worthwhile amount. There are other quality programs not in the same situation for those of you with a smaller budget. SportArbs Intl. is one of them.
SportArbs is also doing well for me, but on a smaller scale. Averaging 40% every 6 weeks, so my small initial capital is increasing nicely. Be sure to set your deposit to 100% compounding for maximum benefit. Less than 80% compounding and you will not return a profit, as this company does not return your principal.
Genius Funds is another totally passive program that continues to perform, week after week. Averaging 6.2% weekly here, and my fund is fast approaching the next level ($500) which earns slightly more per week. Your principal is committed for a bit longer here, but the results are well worth it, especially if you don't need profits weekly. That is an option, but regular compounding makes a huge difference . Nice to know you have the option to take some funds when you need to.
I have another promising program I am trialling now. More on that one in my next update. Meanwhile, have a fantastic Christmas, and a very prosperous New Year!
My best performer is still GoldNuggetInvest, now contributing $300 weekly to my income. It is one of a handful of quality programs that allow weekly withdrawals of profits earned. This program has helped me greatly, leading up to Christmas. I will continue compounding in the New Year.
If you are considering this one, I would get involved soon. The team at GNI are fast approaching the level of funding they feel is the maximum they are comfortable trading. When that happens, the program may well be closed to new members,and I have been advised that compounding will no longer be an option. That is expected to happen within 3 months, so my recommendation is jump in now, if you have $500+. Anything less and you won't have time to compound to a worthwhile amount. There are other quality programs not in the same situation for those of you with a smaller budget. SportArbs Intl. is one of them.
SportArbs is also doing well for me, but on a smaller scale. Averaging 40% every 6 weeks, so my small initial capital is increasing nicely. Be sure to set your deposit to 100% compounding for maximum benefit. Less than 80% compounding and you will not return a profit, as this company does not return your principal.
Genius Funds is another totally passive program that continues to perform, week after week. Averaging 6.2% weekly here, and my fund is fast approaching the next level ($500) which earns slightly more per week. Your principal is committed for a bit longer here, but the results are well worth it, especially if you don't need profits weekly. That is an option, but regular compounding makes a huge difference . Nice to know you have the option to take some funds when you need to.
I have another promising program I am trialling now. More on that one in my next update. Meanwhile, have a fantastic Christmas, and a very prosperous New Year!
Friday, September 25, 2009
Result from SportArbs Intl
My test spend at SportArbs matured on Sept 23. On checking my transactions, I noticed I was paid on 43 days, not 42. Not going to complain! Nett return was 45.8%.
Once my earnings were credited to my account, I had the opportunity to test the withdraw function. Disappointing to find a 1% fee is charged on withdrawals, minimum fee $3.00. On that basis, I would not recommend investing less than $100, unless you are happy to roll over for another 6 weeks.
After this 6 week trial, I now consider this program a safe, conservative investment vehicle, but still not in the league of GoldNuggetInvest.
Speaking of GNI, I successfully requested my 1st bank wire withdrawal this week. Will update here as soon as it hits my Aussie bank account.
Genius Funds continues to perform flawlessly, with automatic weekly compounding. Funds are tied up for a bit longer here, but the results are impressive! Click that blue banner on the left for details.
Once my earnings were credited to my account, I had the opportunity to test the withdraw function. Disappointing to find a 1% fee is charged on withdrawals, minimum fee $3.00. On that basis, I would not recommend investing less than $100, unless you are happy to roll over for another 6 weeks.
After this 6 week trial, I now consider this program a safe, conservative investment vehicle, but still not in the league of GoldNuggetInvest.
Speaking of GNI, I successfully requested my 1st bank wire withdrawal this week. Will update here as soon as it hits my Aussie bank account.
Genius Funds continues to perform flawlessly, with automatic weekly compounding. Funds are tied up for a bit longer here, but the results are impressive! Click that blue banner on the left for details.
Monday, August 10, 2009
Another Arbitrage Wagering Pool
I have been evaluating this program for about a month now, and have decided to take the plunge with a test spend of $50.
Although I am convinced that the business model is sound, there are a few peculiarities about this program that intrigue me. These are things that you, as a potential investor, need to be made aware of.
Firstly, deposits here are only current for 6 weeks (42 days). Principal is not returned at the maturity date. For this reason, it is essential to understand compounding interest.
With a projected average daily earning of 2.1% (7 days/week) you will be sorely disappointed if you fail to select a high compounding rate. 100% is recommended.
Without compounding your return would be just $88.20 from a $100 investment! Remember, your principal is not returned. Why SportArbs allows this option is beyond me.
So, set compounding at 100% and the results are quite reasonable. According to their calculator on site, which works on the last 42 days actual return, $100 would gross a return of $137.64. Subtract your principal and you have a net profit of 37%+ in six weeks, which is certainly better than my bank!
This is a similar return to what GNI offers, and I feel is an option worth considering to diversify your protfolio. Feel free to open a no-obligation account, and perhaps make a deposit when you are familiar with the system.
SportArbs International Corp.
Update on SportArbs- Aug 18.
Some major web upgrades were implemented this week, mostly related to increased member security. This sort of thing helps boost my confidence in the legitimacy of the program.
Also changes to the referral system, which is now simply one level, a change from the previous 3. Another good move! A new plan is also being introduced, where investors can lodge funds for 210 days, an addition to the current 42 day plan. A higher percentage is offered, depending on the amount invested. Definitely worth a second look.
Although I am convinced that the business model is sound, there are a few peculiarities about this program that intrigue me. These are things that you, as a potential investor, need to be made aware of.
Firstly, deposits here are only current for 6 weeks (42 days). Principal is not returned at the maturity date. For this reason, it is essential to understand compounding interest.
With a projected average daily earning of 2.1% (7 days/week) you will be sorely disappointed if you fail to select a high compounding rate. 100% is recommended.
Without compounding your return would be just $88.20 from a $100 investment! Remember, your principal is not returned. Why SportArbs allows this option is beyond me.
So, set compounding at 100% and the results are quite reasonable. According to their calculator on site, which works on the last 42 days actual return, $100 would gross a return of $137.64. Subtract your principal and you have a net profit of 37%+ in six weeks, which is certainly better than my bank!
This is a similar return to what GNI offers, and I feel is an option worth considering to diversify your protfolio. Feel free to open a no-obligation account, and perhaps make a deposit when you are familiar with the system.
SportArbs International Corp.
Update on SportArbs- Aug 18.
Some major web upgrades were implemented this week, mostly related to increased member security. This sort of thing helps boost my confidence in the legitimacy of the program.
Also changes to the referral system, which is now simply one level, a change from the previous 3. Another good move! A new plan is also being introduced, where investors can lodge funds for 210 days, an addition to the current 42 day plan. A higher percentage is offered, depending on the amount invested. Definitely worth a second look.
Friday, July 3, 2009
The Power of Compounding Interest
Compounding interest is a powerful earner, and that's why the banks use it all the time, especially on home mortgages. I know here in Australia banks calculate interest on the daily balance of a mortgage, and the total for the month is added to your account each month. That is why a fortnightly or even weekly payment can make a huge difference to the time it takes to pay off your loan.
Now, what if the shoe was on the other foot, and you were in a position to earn compounding interest? With GNI you can! Not daily, but definitely weekly, and believe me, it makes a huge difference to your investment.
Let me give you an example, using my GNI account deposit. These figures updated 20/07/09.
My initial deposit was $1434.00, eight weeks ago.
After 7 days I received $86.04 interest, or 6%
Had I not chosen to compound, that would be the same amount every week, earning me a total of $602.28 over the last 7 weeks. Not too shabby!
I did choose to compound, and have done so each week, as soon as the interest payment shows in my account. Today (I love Fridays!) my interest payment was $122.09, an increase of $36.05 over my first weekly payment of $86.04.
By continuing to compound each week, I will double my investment in just 13 weeks, at which time I will most likely withdraw a nice little bonus with which I can diversify my holdings.
Do hope you choose to join me on this exciting ride. Start with just $50 at GNI.
To find out what your deposit will be worth in 12 months, use this handy compound interest calculator. Remember, the yearly interest is 312%, compounding 52 times, to give 6% per week. You will be amazed at the results achieved by compounding weekly.
Now, what if the shoe was on the other foot, and you were in a position to earn compounding interest? With GNI you can! Not daily, but definitely weekly, and believe me, it makes a huge difference to your investment.
Let me give you an example, using my GNI account deposit. These figures updated 20/07/09.
My initial deposit was $1434.00, eight weeks ago.
After 7 days I received $86.04 interest, or 6%
Had I not chosen to compound, that would be the same amount every week, earning me a total of $602.28 over the last 7 weeks. Not too shabby!
I did choose to compound, and have done so each week, as soon as the interest payment shows in my account. Today (I love Fridays!) my interest payment was $122.09, an increase of $36.05 over my first weekly payment of $86.04.
By continuing to compound each week, I will double my investment in just 13 weeks, at which time I will most likely withdraw a nice little bonus with which I can diversify my holdings.
Do hope you choose to join me on this exciting ride. Start with just $50 at GNI.
To find out what your deposit will be worth in 12 months, use this handy compound interest calculator. Remember, the yearly interest is 312%, compounding 52 times, to give 6% per week. You will be amazed at the results achieved by compounding weekly.
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