Udachu Invest

It appears I have misunderstood the deadline for Udachu Invest. It was on the 23rd July but people whose account got deleted may still able to invest upto 5th August. This was a mistake and my part and I apologise if I have mislead anybody.

Udachu Invest update

It seems that Udachu Invest is closing to new members on the 5th August, so get in now if you want to. I am still undecided on Udachu Invest, I am just not convinced they are really trading and the spend I made with them reflects this. If it lasts a few months and they still do not allow new members, the risk of the program being a fraudulent ponzi scheme would be massively reduced. Also, I have spoken to several people who have been experiencing problems with their bluebanking cards, either not recieving them or having problems loading them with their UI profits. Personally, I am holding off putting any extra funds in this one and will try to obtain my initial spend back as soon as I can. I may look at the program again in a few months and assess things again then. I also understand the UdachuFund program is also closing to new members.

MegaInvestForum

Some interesting news on megainvestforum, it appears Jose is now letting us logon to the live trading account for the foreseeable future. This for me sets a new level of transparency in a forex pool. My only concern would be any security issues that may arise from this, especially if the fund grows into a very large sum. Perhaps if this happens he will be more selective in who is allowed to view the account. Anyway it is fantastic to see, the trading for this month seems to be up overall, but there are still floating losses, but they have reduced. This program is definately worth a look.

MEGAINVESTFORUM

Here we have another new transparent investment program. There seems to have been a few popping up just recently which is very good to see as I don't invest in ponzis. The program claims forex trading and unusual lengths to prove it. The admin has pubically offered login details for their live trading account at North Finance brokerage. I downloaded the NF software and logged on myself and saw a real account that had been traded since 24^th May 2006. In June the trader made 17 trades, most of them ending in profit and they were around 10% up at the end of the month. This month has a few floating trades currently in the red. Various trustworthy sources have managed to obtain and verify the administrators ID documents. The administrator, Jose Gomes appears to be friends with Marcos Matos, the administrator of FX-Experts. Marcos has given him a vote of confidence. This is very interesting to see. The program has a low minimum, only $100. Principle withdrawals are available at any time with a 20% fee in the first three months, then 10% thereafter.

CONCLUSION

It is great to see an administrator provide such an open level of transparency. While this is good to see, as of yet I have not been able to verify the level of experience the trader has. I will post again when I have this. It appears this program has great potential and is certainly worth a good look. As always though, even though the program is much more transparent than most HYIP type programs out there, there is still a significant trading risk to consider. It's going to be very interesting to see how this one develops. When I have verified the traders credentials I will hopefully put some money into this one.

wow!

Hey guys, I just looked at hit counter for my blog, I must admit I was suprised so many of you have been reading and getting in contact with me. Its been really cool. In view of this I noticed most other blog sites have either RSS feeds and/or an email subscription that notifies when the blog is updated so I thought I'd stick them on mine. I have come accross a couple of new interesting programs over the past week or so, so I'll write my opinions on them over the coming days.

Joyfund added to FF

I noticed that Joyfund has been added to the feederfund list of programs. I was considering going in directly but the minimum amount keeps increasing. However, there seems to be joyfund pools popping up everywhere I look as well as feederfund so still options join with a lower amount than the minimum. Lets hope this one does well and lasts the distance.

GIG Mutual

I just joined gig with the minimum spend. This looks like a very interesting project setup by some of the members of the goldentalk forum. The basic concept is a HYIP mutual fund. I haven't seen their portfolio yet but I believe they spread the pool amongst high, medium and low risk investments. I suspect I may be in some of the low risk programs directly already, we will see. Despite a chunk of their high risk portfolio dying over the first couple of months they still managed to show a profit of around 2% for both months. There is only a $100 minimum spend so I thought it was worth a look.

solid investment

As expected Solidinvestment has now died. Apparently there are claims that the admin is going to return and pay people.. oh look.. I just saw a flying pig. Thankfully I got my principle out and made a slight profit. People have even started talking about legal action against SI and Sosa, unfortunately I beleive people only have themselves to blame if they lost money in this program. We sent money to an anonymous individual in the promise of totally unrealistic, unsustainable daily compounded returns, I don't think its realistic to expect the law to be sympathetic with us. When I started out, I did lose a few bucks here and there to various ponzi scams, I wrote it off and learnt from it and now only invest in program that I beleive are real. One of thew few good things you can say about these scammy programs is the fact they provide a learning experience.

Joyfund

I have been disapointed at the lack of transparent programs opening up lately, as I don't play ponzis it has not left too many choices, so when I saw the arrival of Joyfund it caught my attention. I understand this is a commodities fund. The past performance has been very volatile with monthly profits varying from 3% all the way upto a massive 71%. There has been no negative months to date. I don't know a great deal about commodities trading but I would imagine to generate returns such as these it would be high risk trading. Certain members of the HyipDiscussion forum have seen his live trading account and verified the returns he is claiming. The fund has a $1k minimum which for many may be a little on the high side for some but at the end of the day it would appear that this is a serious real high risk investment and not simply a ponzi scheme. The person doing the DD on the fund also obtained and verified the administrators personal ID documents and verified the traders background. I understand he has had four years trading experience, but only a few months experience trading commodities. This is definately the most transparent investment program I have seen for a few months. It is definately worth a look, but important to bare in mind that it is probably high risk trading and there is the potential of loss. On the plus side it is hopefully not some sort of ponzi scam that will run away with your money.

solid investment

It seems everywhere I read at the moment, people are talking about the ponzi, "Solid Investment". I must confess, When I first started out six months ago, I did join this program, as it did look impressive, but within a few days of reading posts on hyipD and talking with more experienced investors, I soon learnt that it was very obviously a ponzi program. Fortunately for me, I managed to get my principle out plus a little extra before they forced me to join their "Special Plan". Basically as soon as they did this, I wrote the program off completely, as by then I was knowledgable enough to know that the returns this "special plan" was claiming were very unrealistic and it was just a ploy to not pay out current members, whilst still taking new members, this way the ponzi will last longer and probably be more profitable for the criminals. It saddens me to see the number of people still beleiveing this program is real and genuine. I guess some people never get over this naive "Its paying me, how can it possibly be a scam?" mentality. Be careful folks!