Minvestment.com another hot HYIP people are talking about
Online Investing-Minvestment.com is another forex trading, online investment company headquartered in the British Virgin Islands. It’s what is classified as a High Yield Investment Program(HYIP). They offer 1.4% - 1.9% daily interest on your money, using the progressive compounding method. Your initial investment is locked in for 150 business days or 7 months, then you can take your principal and interest out and skip along merrily to the bank.
Here is how it works.
You go to minvestment.com and open an account, while there you’ll be asked for an egold.com ebullion.com account number. I chose e-bullion.com. Signing up at e-bullion.com, the sister site, is the way you are going to send your initial investment your minvestment.com account. Once you’ve got your account number, go back to minvestment.com and type it in to complete your account registration. You will get emails with confirmations and instructions from both minvestment.com and e-bullion.com. Read and follow them. Make sure you select progressive compounding as your investment option when signing up at minvestment.com.
How much you will you make?
Check out their compound calculcator on minvestment.com. It will show you how much your initial investment will yield you after the 15o day lock in period.
Example 1 . Initial Account Principal: $100.00, Final Account Principal: $11,605.09
Example 2: Initial Account Principal: $500.00,Final Account Principal: $77,982.51
And no you didn’t read those figures wrong. I heard about this one over the Christmas holidays and it already has tongues wagging and people signing up. I’ve always said to myself and others, only invest what you are prepared to lose. I invested US$400. And with Jamaican’s love afffair with all things forex trading and high yieding, this one is bound to grab their attention in droves once again, as their appetite for risk has certainly increased. So let’s see what happens in a couple of months.
One person, One website, US$10 million per year?
by David Mullings
Case Study: Plentfyoffish.com
I recently came across an article in the New York Times that truly amazed me. It was the story about a 29 year-old in Canada that defied all conventional wisdom by running a multi-million dollar company with only one full-time employee and some basic help from a second person, his girlfriend!He is Marcus Frind, the man behind the very popular dating website Plentyoffish.com, and he is making as much as US$10 million per year.
Google has substantiated his claim about a check covering a 2-month period that was almost US$1 million and his traffic has been independently verified. The most amazing part about the story is that the site isn’t exactly what one would expect it to look like, especially with that kind of revenue.He has kept it unbelievably simple, far simpler than most people would want for their own sites, but it obviously is accomplishing the job.
He also doesn’t charge the users - generating ALL the revenue from advertising only. Most people would have added staff, moved into a nice office and done all the ‘usual’ things companies do when they start growing revenues. Marcus proves that you don’t HAVE to follow the same template to be successful and profitable.
All web entrepreneurs can learn from this case study and instead of regurgitating the whole story, here is an excellent article to read: From 10 Hours a Week, $10 Million a Year - New York TimesPlentyOffFish Owner Has the Perfect Bait
Make money in Forex trading, guaranteed
by David Mullings
Mark Twain famously said that when everyone was digging for gold, you should sell shovels and Levi Strauss is the perfect example of someone who became wealthy from selling to the gold diggers rather than joining them.
Forex trading has taken Jamaica by storm in the last 2 years and one company has been taking Twain’s advice to heart.Many people immediately think of Olint but it really is MTI, Market Traders Institute, based on Lake Mary, Florida (near Orlando) that has brought Forex trading to people. I first heard about MTI when a friend of mine, Dominic Azan, told me he was working for the same guy who trained David Smith and they were going to open an office in Jamaica to offer training to people who wanted to learn.
He is a Sales Manager for MTI in Jamaica and the Gleaner quoted him earlier this year as saying that over 1500 people have taken courses (up to August 2007). These courses cost US$2,750 so you can do the math. That is the first way to make money for sure - sell training courses.
Read more
Jamaica’s alternative Investment Schemes would be illegal in the USA
by David Mullings
I attended a Jamaica Investment Symposium yesterday in South Florida and one panel included George Roper, Deputy Director of the Financial Services Commission (FSC) and Antoinette McKain, CEO of the Jamaica Deposit Insurance Company (JDIC).
The audience wasted no time during the Q&A segment to ask the questions many want answers to. The first question was roughly:”I don’t like the word ’schemes’ to describe these, I call them ‘opportunities’. Are these ‘opportunities’ operating illegally and if so, then shut them down, if not, leave them alone.” The answer was very clear - The FSC pointed out that it describes Credit Unions as “collective investment schemes”, there is no negative connotation with the word “scheme” when they describe any financial company.
Read more
David Smith’s Olint partners with iTradeFX in a US$100 giveaway to Jamaicans
Forex Trading-David Smith, the Fx Chief of Jamaica, founder of OLINT the premier foreign exchange trading investment club has lent his name to iTrade online forex trading platform with a giveaway.
The fullpage, full colour newspaper advertisement and the website says: David Smith is adding US$100 of his own money to Live Forex Trading Accounts for Jamaican Residents who open with iTradeFX between November 15th and December 31st, 2007 at gotradejamaica.com. Of course MTI Traders is all over this, they have been the dominant forex trading educator brand in Jamaica. They have from day one marketed themselves as the company that taught David Smith what he knows. So this giveaway should not be surprising.
Purely, what a powerful affiliate marketing programme! Whoever thought this up, is very in tuned with the psyche of the Jamaican people has a great timing. The question that’s been hounding me though is this, are Jamaicans really interested in learning to trade forex themselves or do they simply want to understand how it works, so as to legitimise, fortify their decision to become investors in forex trading investment clubs. But information coming to me is that MTI Traders, the leading forex trading training firm here in Jamaica has trained 2,200 people since they opened for business 2 years ago.Sounds like they have a great business going.
Forex Fever rocks Jamaica
Forex Trading-We’ve written three posts on online forex trading in Jamaica and the Caribbean and by far they represent three of the most read articles. As a result of that we’ve been send a lot of information on fxtrader personalities,investment clubs self taught traders and trading platform companies positioning themselves for the Jamaican market.
What we heard of recently. There is f1investments which is a group of Jamaican pilots some based locally and others in Dubai, they put in their own cash as well as accept members and submit the money to Olint to trade on their behalf. I know someone who’s been with them for 4 months and they’ve been averaging a monthly return of 9%.
Then there is DeArgent (spelling dubious) which was around just after Olint started making the headlines. They are traders and also submit monies to Olint. Their investment rules are that a member is to keep their money invested for a minimum of 6 months, you can start with a US$1,000 minimum and their guaranteed monthly return is 5%. Then there is WorldWise, which you can start with as little as US$600 and the promise a monthly guaranteed return of 12% per month. And there are other individuals who are simply creating sub accounts under their name and take a percentage of the money earned on the account. Again easy money.
Most recently there is minvestment.com which has polarised many worldwide with the reports that they are a scam and others who claim they are being paid and have been paid. With minvestment.com you can place US$100 for 150 business days and come out at the end with US$11,000.
To Join or to Trade.
One would think that with the increased choices of forex trading investment clubs, Jamaicans wouldn’t be bothered to learn to trade for themselves. Not so. FX training company Market Traders Institute (MTI) - established by Jared Martinez who trained the man who is easily Jamaica’s most famous trader, David Smith of Olint - report having trained over 2,200 persons since they opened an office here 18 months ago.
To further fuel the forex fever, Martinez and Smith launched GoTradeJamaica.com with a compelling offer, pledging to add US$100 of their own money for each person who signs up to start trading with their own US$300.
Great link: Dennis Chung on the Business of Forex
Grace Cheng- Online forex trader and personality
Forex Trading-In my own quest to know more about online forex trading, living in Jamaica, where the forex trading subject has left the country polarised. I found this site and forex trader personality gracecheng.com.
Grace Cheng is a online forex trader and educator, very successful and has written a book about online forex trading. What I find interesting about her story, her site is that there is no hardsell, typical of American styled educators we’re used to here in Jamaica. When you read her profile, her trading and personal philosophy on forex trading, it’s almost zen like, yet shrewd.She takes the edge off the aggressive in your face guys some of who try to sell you on a get rich quick scheme. Is she genuine, maybe and hopefully or maybe this is her slick marketing angle, who knows, but at least I don’t feel dirty when I leave her site, like someone’s been breathing all over me with a hard porn like sell. I’ve bookmarked her site for further reading. Check her site and tell me what you think.
-
Our Sponsors
-
-
-