Invest. Clubs Archive 2
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Anthony_dundee said
whats the link
Kevin said
Please post over on the main page.
Archives are for reading only.
Kaye said
Is there a new site or everyone died
bigson said
dffbdvgf
Rich Kid said
test
Very Positive said
Guys, I cannot understand the reduction in membership after new members were accepted into the club recently. What was the purpose and if the new members had funded their account….what was those funds used for.????
MoneyChimp said
I heard from a reliable source that Olint will reduce it’s size. The criteria is as follows. Those with less than 500 thousand will have thier accounts closed and contract terminated. I hope i’m wrong but as per my source, this was a topic in the recent meeting.
Kevin said
Please now cease from posting on this archive page. Please use the main page “Investment Clubs” in the page headers.
Furthermore it will become slower to load.
RedP said
Hey Drivah, youve had approx 150 hits in the last hour. A so you hot bredda?? You a ginnygog to rahtid!!:)
Floridian said
Just finish talk to my pig… Him partner was in the meeting last night… 2 Government Minister was there fi true… Him wouldn’t tell mi a who dem was, but dem was Labourite… Missa Simit show dem the letter from Oanda that say, and read this part good, “that US$250,000,000 should be available to be wired by July 2″… Or something to that effect.
My problem is the word “should”… The letter from Oanda never say WILL BE WIRED… It say SHOULD BE WIRED…
Anyway, net-net… US$200 Million supposed to cover the total outstanding requests… That would leave back $50 million if mi maths it out correct.
Next, the letter also did say that their Due Dilligence is now complete and that is why they are willing to release the $250 Million now… (or by July 2nd)
My pig never mention nothing bout the club membership going to get smaller, maybe he forgot to bring it up to me in my conversation with him because to be honest, mi did have him under pressure… Or what is the word mi a look for again?…
Oh yes, mi did have him under duress…
Cause when mi did tie up him **** wid di rope and hold di butter knife to him throat… Him start sing like a nightingale and mussi forget to mention that part bout the membership goin lessen.
Mi a tell unnuh di truth… If when mi did question him, mi never get them answers deh that kinda satisfy mi likkle bit… Is look mi did a go look pon ebay fi see if dem nuh have nuh lion that dem a auction off… Cause is straight down a Missa Simit residence and business place mi woulda go wid dem fi look two ankle fi bite.
JK said
driva u need to mek a new page limit 1000 posts per page
waiting in the wings said
congrats driva:-)
Lots Ofmoney said
was surfing for some old articles and came across this one from the Observer….so just thougt I would share…..I just love the last paragraph though….
A common criticism aimed at Olint is that its back office could be better organised. What started as a club has, for all intents and purposes, transmogrified into the biggest private fund in the Caribbean. Smith has indicated that Olint may well reduce its membership and this may well go some way in alleviating the stresses placed upon the club. It would make the organisation more manageable and its management corps could be proactive rather than reactive.
If Olint were to register and become a legitimate player it could attract the best professionals in the business, thus freeing up Smith to concentrate solely on trading. It must be incredibly arduous to focus upon running the company’s operation, albeit with the help of his brother, Wayne Smith, and trade currencies. Olint has the potential to be one of the best hedge funds in the Caribbean and that may be the way to go, provided its activities are not shrouded in ambiguity.
“David (Smith) is a hero to many people although he is an outlaw figure to the established financial institutions in this country. Why? Because through foreign currency trading he makes them handsome returns,” said Anthony Minvielle of Barclays Capital Markets. “He has never guaranteed returns of above 10 per cent a month but consistently produces above average returns. He has not promised – rather he has delivered – and that is rare in corporate Jamaica. This explains the faith reposed in him and that is where he needs to reside.
He must not go the way of Cash Plus and the other unregulated financial organisations that appear to be coming apart at the seams.”
Added Minvielle: “With FX trading, your inventory is cash. It’s not like you have to liquidate assets to make payments. It is the one area where available assets can readily match your liabilities. That’s why I find Olint’s inability to make payments at this time disturbing. He has to make it irrefutably clear that unlike Martin Tremblay his organisation is not just some unscrupulous ruse or a Ponzi scheme, for that matter. It’s time that question be put to bed or it will forever dog Olint.”
A former club member who has decided to pull funds said: “It has weighed heavy on my conscience for some time that Olint refuses, after all this time, to provide necessary audited statements. There should be nothing to hide, particularly as Olint will at some point have to interface with both the local and international financial institutions that require salient information as a mandatory requirement. The running of Olint as a going concern leaves a lot to be desired.”
Added the former Olint member: “Club members should be provided with a slip showing how trades were made resulting in returns gained. To provide a statement indicating you made a set gain in US dollars is, quite frankly, not acceptable. Now I have heard the argument that Olint is simply an investment club, but with the number of members it has and the funds under management supposedly on its books, it must be deemed as more than just a club. It is in fact a rival to many of the country’s leading financial houses and should conduct its business accordingly.
“If David (Smith) does pay out everybody what he should rightfully pay them, then there will be a huge sigh of relief right across Jamaica. He would be regarded as a hero and his reputation will be enhanced both professionally and personally. If he does not, he will be stigmatised as a charlatan and rendered a pariah. His fate lies in his own hands. His word, dare I say it, has to be his bond.”
for the entire article….
http://www.jamaicaobserver.com/magazines/business/html/20080516t010000-0500_135656_obs_olint_at_the_crossroads.asp
twofi said
Can some of you FX experts (Floridian, Lotsof money, PEI..etc)take a look at this FX Trader program and post your opinions. I have been trading for the last two months (Practice Account of coures – me noh dat fool, fool yet)and came accross this program that, from the surface, looks promising.
Thanks.
http://www.forexcommander.com/?a_aid=944ce128
unreal_investor said
Congrats Kevin eheh
DW said
Keep up the good work Missah Driva,full speed ahead wi know yuh gat skills.
RedP said
Well at least all the bus passengers have woken up cuz evry smaddy did a sleep from last week. Drivah mussi did lik one rahtid pothole!!:)
Kevin (The Driva) said
200,000 hits ! and counting
unreal_investor said
Well, one could argue that less members equal less trouble but then you could argue that with better communication, this would also equal less trouble with a larger membership base. Well, like Danews, K said, pure speculation and is wait and see.
I still 100% O supporter still…
mi learn about fx market and this delay force mi to learn fi trade seriously… (fx market, a means to and end to working for the man)
danews said
@ RedP
my take on reducing the size of the club is by an analogy. basically getting the optimun size that a person can manage.
imagine cooking a pot of food by a good chef. if the customers are two few, the ingredients will cost more that how him can charge for the food., so get more customers and can buy in bulk and everything nice.
When too much customers , the chef now can get things at good price, but the food not tasting as good, as him a flip too many chickens and the rice not getting enough stirring.
So the answer is to get the right amount of customers that the chef can manage to cook a great meal at a good price.
Seems currently with David that the pot a spoil, the pot inna TCI FX turn over
Patricia said
RedP, the club size, within the context of internationally accepted best practices, is too large. This is something the FSC and BOJ have always had a problem with. Issues arising include, oversight, regulatory control, transparency, internal controls(checks & balances) anti-money laundering measures, KYC etc etc.
danews said
We are in for another month of speculation.
there will be no official word from Olint.
RedP said
You guys please enlighten my dunce bat intellect. What purpose would it serve to reduce the size of the club??
unreal_investor said
D_silver_lining 1297, finally some positive news…
K said
guys and gals you are all making too much assumptions based on lack of quality information. Sad to say but we are in wait and see mode.
To assume is to “make an ass out of you and me”
Danews that % you quoted is really based on no verifiable information but 3rd party information.
We just have to wait and hope for the best. We speculating is not going to make us get paid sooner or later. Just the sad reality.
RedP said
Hey Patricia, can you make appointment for me with heart specialist at Toronto General??
Cuz it feelin pretty weak and a getting faint, a cyaan lif up the anchor chain!!
danews said
Anybody wondering if the breaker will soon trip ?. because if 250 M is being withdrawn now, which is 33 % of the fund. the delay might trigger a further rush for withdrawal which might push it to 25 % of the fund and slow up the thing ( given that it slow already) worse for everybody
CP said
You know this is becoming real funny and hilarious. Tek serious thing make joke.
‘O’ is the only club that has stepped up to the plate and shown anything of this nature to their members…not MD, C+ or WW!!
- Which members? You heard about this via alleged phone calls. Nice PR work D_S_L. Yes Patrica, D_S_L is the defacto director of communications
O did this kinda of member DD like a year ago, but the banks are re-verifying this info
- Which Banks? All of OLINT banks? Re-verification going on ?! Election time!!
Also discussed was the eventual & drastic reduction in club members, to almost half the size.
- So all those you don’t get phone calls should all get out, if they can?
Pretty much opening up of some of D.S key trading accounts, one did show $750 million another showed $100+ million
- Is those documents authentic or of the Carlos Hill nature? Sorry but skepticism is inversely proportional to the length of delay.
In Summary, another sad day. OLINT members have been sold a salad two more weeks to wait and see.
Patricia said
Lots of MO…breathe in, and now breathe out..that’s right..exhale slooowly, there you go! Now find your happy place
Just filling in for Dr.SnB. Sorry I cant write a prescription or a cheque for your full amount
Lots Ofmoney said
Just for the record, so you all know where I stand, if O gave me an opportunity now to close my account, I would take it.
Lots Ofmoney said
…just my 2 cents….I think after sifting through the noise, there is some truth to the 240 mill cheque that is pending, and it will become available soon….I hate it everytime, O always hints (or threaten, however you want to take it)that they are going to reduce their membership….as if they would come out and give members the opportunity to cash out and get all moneys owing right now…. you really think they would ever do that???….the clubs, O included, need us as much as we need them….there is no noble or higher cause for all of them trading and “inviting” us into their club….they, WE are all in it to make money….lets not kid ourselves….OR are we being tested to see who is true and faithful to the flock like when Moses went up the mountain to collect the ten commandments, only to find everybody doubting and living in sin from not hearing from him for so long….which side are you on???…..blind faith?….or a doubting Thomas??….I know, being asked in that context really is a loaded question, and probably most will want to say that they have faith in DS….we all need to ask ourselves, if DS really came to us to ask if we could have all our money back right now, if you would take it…..if the answer is yes, then that is what you should do…ask for it all now….if you are willing to take monthly encashments, then accept these delays and realize that we are at their mercy and just have to be satisfied with whatever they feel like giving us per month….simple as that….it is obvious from the lengthy delays and poor communication that this is their position….like it or lump it…..hope you all have a great day….
RedP said
Floridian @ 1287
If di buttah knife and rope nuh wok mi have some anchor chain and fillet knife fi spare and mi well tempted to backside. This waiting has become a real test of patience mi tell yuh. But still, in all circumstance we supposed to give thanks. Nuh true
Patricia said
D_Silver,
“‘O’ is the only club that has stepped up to the plate and shown anything of this nature to their members…not MD, C+ or WW!!”
Where have they shown this info to their members? Trust me I, and countless others, appreciate your filling us in on the blog, but why isn’t some official communique issued on both sites for all members to see? You see it is timely, honest and clear information that will quell rumours, calm frazzled nerves, and instill confidence.
“Also discussed was the eventual & drastic reduction in club members, to almost half the size. The criteria has not been stated but the club will remain open to Family and Good friends of the club.”
Now, how will we know what the criteria for remaining a member will be?
Will it be because my brother knows him and Wayne from Wolmers,or because Mrs. Smith taught me in school,or because his sister is a good friend of my cousin??, or because of my account balances or because my pig is a church member??
Listen I need to know. So please continue your efforts to keep us informed, because we’re certainly not getting this info from any where else. In fact I move that you be appointed the Director of Communications, because so far, O is doing a p*ss poor job at keep members informed. Now, will sattement be held against me?? hhhmmmm
Opportunity said
D_Silver_Lining,
What do you mean by :
“The criteria has not been stated but the club will remain open to Family and Good friends of the club.”
Was the PM also present?
PipUNIT said
Also in general the forex market is usually always considered a very liquid market, there’s times where it’s higher then others but overall its the most liquid market out there.
PipUNIT said
“D” how do you know this about Oanda? Where’s the proof that they will “close your account if you’re too profitable”. Isn’t Oanda a part of Wachovia? I think it has nothing to do with liquidity. Are you referring to his personal liquidity or the market? He has 750m and either way there’s opportunities ever day to make money whether there’s high liquidity or not. Especially with his low returns he’s been giving he could do that in very few trades. “D” does your last name start with “SAN”? What I’m saying is run the club as a real managaged account with online access to view trading history. I guess since he doesn’t it makes it easier to lie about returns so more flock to the club. A 4 year perfect track record is impressive and draws more people to the club then one that’s up and down every few months.. or should i say one that apppears to be “perfect”
d_silver_lining said
@1285 Lots Of Money
YUP…got 2 calls from different members about the big ‘O’ meeting with Wayne & David yesterday evening to quell rumours and calm among the BIG investors!! A lot of prominent members and member of parliment of our new Govt. was present.
Pretty much opening up of some of D.S key trading accounts, one did show $750 million another showed $100+ million. A Balance sheet was also provided in this meeting and info pretty much showing it will take $200 million to satisfy the present encashment requests. The same document I mentioned from Oanda was produced with July 2nd date for payment of $250 million.
From my understanding this was the last of the due diligence being performed by the bank/broker and it’s to ensure that theirs no dirty money being rinsed thru the club. O did this kinda of member DD like a year ago, but the banks are re-verifying this info.
‘O’ is the only club that has stepped up to the plate and shown anything of this nature to their members…not MD, C+ or WW!!
Also discussed was the eventual & drastic reduction in club members, to almost half the size. The criteria has not been stated but the club will remain open to Family and Good friends of the club.
‘O’ members a 2 more weeks and hopefully all encashments will be satisfied and doubts cleared.
unreal_investor said
Leaving Babylon, “Unfortunately, it just won’t work for numerous reasons.”, yeah true…
Leaving Babylon said
Institutional trading tools are different from retail access. You can’t compare or use a retail trader’s experience to judge. Oanda is one broker, GAIN is another, and iTradeFX is another still and all 3 of them have serious draw backs to the retail client, but all 3 also have their own internal liquidity pools and all 3 have their own interbank gateway. When you’re moving this kind of money you can shop your trade to whomever you’re connected with, because each broker, bank, and market maker will have their own buy & sell price, plus they will each show how much is available at that tick. David’s set-up for trading is far more sophisticated than what most of us will ever be exposed to. Breathe in… breathe out…
Unreal_Investor – A managed structure would sure be nice for times like these, but it would also destroy the institutional pricing access, because those systems could only show Oanda’s pricing (pick your broker for that matter – the pricepoint’s would have to be uniform) and there’s no way D is going to deal with people following his trades, which would be turned into a signal service within the first day. Unfortunately, it just won’t work for numerous reasons.
FuzzyOriginal said
Folks,
After you all receive your encashment, maybe you can open an account with Rove capital. This was mentioned up to last week. It takes about an hour to set up both accounts. And with the $1000 special up to the end of June, entrance is as easy as it will get. July 1, 2008 entrance goes back to $10,000. Took the plunge last night. It sure cannot be any worse than what is going on.
unreal_investor said
PipUNIT, OandA has a nice platform for Managing Accounts, that would have certainly put a bullet in the detractors.
Maybe its a different kind of deal O has with these bucket shop brokers. Man if I had enough money to buy into a business where I win 99% of the time (because mi a bet gainst the novice traders), I would do that and gwan collect a smalls a month end, rather that worry myself about trading. Maybe O,FXCM and iTradeFx a give him a smalls a month end for providing the capital…
ForexGuy said
LOL Floridian @ 1287!!!
Cant stop laughing!!!
D said
alot of you guys have no clue about forex trading if DS indeed uses Oanda as his broker he will definately loose money as a matter of fact if you are too profitable with Oanda they simply close your account and send you your money which they do pretty quickly. Any money manager (that what DS is) trading that amount of equity will use an ECN broker I am of the opinion that O is really having problems with liquidity.
http://www.forexpeacearmy.com/public/review/www.oanda.com
http://www.forexfactory.com/showthread.php?t=5043
PipUNIT said
That’s ff he were running this a a real managaed account and not some “Investment Club”
PipUNIT said
Good Times DS uses Oanda but wont let us setup accounts with Oanda that way we can see what goes on. He takes all the money and opens up one account and trades it all under his company. ZERRRRRRO Transparency. None of this would be an issue if we had accounts with Oanda. We could submit encashments and do placements directly through Oanda and as soon as the trade closes we’d be paid.
fyier said
1253 Missah RedP, your post in 1253 caught me completely off guard. at first mi brain freeze, den when it really hit mi, a couldnt control di laughta. It is such a treat, Mi lef di west so long now dat mi no hear dem expression deh fi a long time. Patois is soooo expressive it just hits the right spot. Gwaan Mr Reds chop some cloth/fabric/claat fi mi.
Floridian said
Lawd God… A wha dis now Faddah?
Suppose Jay or one of dem people deh go hear all this now and decide fi take a prips and see what a gwaan???… Is frazzle them woulda come frazzle wi nerves likkle further…
Dr. Stress now Bless, although yuh husband a pressure yuh, beg yuh two head ache tablet deh cause mi belly start feel billas an mi heart start flutter.
Cho man… This information from O sound like a butter knife and rope business and mi nuh inna it wid them no more… Miss Simit… Is what really a gwaan?!?!?!
CP said
I have not been very happy since I read what that rubbish about due diligence, and I am still upset… anyway I will cool my nerves..
@D_Silver_Lining.
a. When that money, $80/$240 million, lands July 2 ,2008 how many people will be able to get paid now? Dumb question, sorry. Why I am asking, DS will deliver and not let his members down. D_Silver_Lining, you spied on that too?
b. I thought Due Diligence was done a long time ago? Which other Due Diligence going to surface. DS don’t see that him starting to look like Cash Plus, Higgins Warner, May Daisy.? Is that what things have come to? DS come on, do better
c. Hope is fading fast. I think people are getting tired of the hear say. Time for better communications
Lots Ofmoney said
Confirmation on D_silver_linings info……big meeting was held last night, apparently a bank book was produced showing a balance of 750 Mill….some kind of delay from the brokeragers side….I wouldn’t expect money to be flowing till early to mid July….but it seems money is there…..we can’t do anything but wait….sorry I can’t be any clearer…..going to be a long 2 weeks….
unreal_investor said
D_silver_lining, bwoy I never know O use bucket shops, I thought they would at least stick to having only ECN platforms!!!
d_silver_lining said
@ 1279 Roli, I just got a ‘peek’ at this document through my fren that works there. Samething I said, they should just PDF the document and put it on the website.
@1281 I have to agree with ‘K’ find that surprising too LOL
But FYI ‘O’ uses Oanda, iTradeFX and FXCM…and has
K said
@1281….I find that extremely surprising.
unreal_investor said
D_silver_lining, Leaving Babylon, O still using a bucket shop? I hear that OandA turn down WW because WW had too much funds under management…
Leaving Babylon said
D_silver_lining & Roli – I can confirm O’s use of OANDA, but sure would like confirmation of this correspondence as well.
Maria – I know the feeling. Hang in there!
roli said
Well, where can we see that correspondence. D_Silver, that correspondence has to be made where club memebers can see it. Clubmembers cant just be going on “hear say” and speculation anymore.
PEI said
Maria is nuff ah wi heng out fi dry. Di clothes pin whe ah hol’ mi up can barely manage an mi soon drop off ah line di way tings set now. Super D, no lie mi dissapoint bad. I Have to tell di truth.
d_silver_lining said
To add to my above post @ 1275 …it was only lastweek that the due dilligence exercise with their brokers was completed!!! This is factual info seen in a correspondence from O’s broker OANDA addressed to DS stating that due dilligence was now completed and that their request for $240 million would be wired to O’s account July 2nd.
maria said
lint factory heng mi out fi dry. disappointed bad ,made a request from february to deal with some back tax and now the amnesty is going to miss me thru no fault of mine. the blogvipers must be laughing their heads off.
d_silver_lining said
What I’ve heard is pretty similar to what ‘Lots Of Money’ reported…$240 million is to be provided by O’s brokers (trading platform) but these funds will not be received for a week hitting ‘O’s bank July 2nd.
Then these fund have to be sent to NCB JA (only god know what will happen when NCB see that coming) ‘O’ say’s we have to wait 1 more week to get our funds. I personally feel it going to be more like another 2 weeks minimum, just because…
‘O’ should never have sent out that ’stupid’ payment schedule till they had everything settled with brokers and banks…this looks bad on them and I tell them everyday!! ‘O’ loyalist will soon be abandoning ship…even if funds come and everyone gets paid!
We just have to hold strong and have faith!!
RedP said
You guys are depressing the s*** out of me, I going to lock off my computer. Tomorrow guys.
“Sorrow may only last for a night but joy comes in the morning.”
RedP
PipUNIT said
I’m sick of waiting i turned in for it all. I have 3 encashements with lewfam and one large one which will leave very little left in the club. I just pray i get it all out.
Opportunity said
D_Silver_Lining,
You are clearly the man in the know. Help wi out nuh?
danews said
Sadly this is also reminiscent of Higgins Warner, who when the due date of their schedule is about to occur, tells their investors that the bank has hold onto the money and they should wait until they sort out the banking arrangement
RedP said
Not funny Pat.:(
Floridian said
Suppose a man like Jay all go ketch wind of dis ya drama and him decide fi pass thru and see what a gwaan??? Yuh know is frazzle him woulda come frazzle wi nerves likkle further…
Dr. Stress now Bless… even though yuh husband a pressure yuh, beg yuh 2 headache tablet deh nuh, mi belly a hot mi and mi heart a flutter.
Patricia said
“So we will have no new communication probably till the end of July. till them , we will have somebody who know for a “fact” because them brother/uncle/friend/sister in law knows David Smith personally and thats the latest news from him”
Danews, hahaha LOL. As PEI put it “oink oink” is all we’llhear
d_silver_lining said
Hi Guy’s…been busy today & haven’t got a chance to speak to anyone today…will do so in the evening and see what’s the latest going on…then pass it on.
danews said
We will all be speculating till the end of July…
I heard that they will not be putting out another schedule ( may be a good thing) , because I guess it is in writing and can constitute a breach of contract.
So we will have no new communication probably till the end of July. till them , we will have somebody who know for a “fact” because them brother/uncle/friend/sister in law knows David Smith personally and thats the latest news from him.
RedP said
Mi gwine change mi name to Stressed Fed UP RedP Tired Of Waiting In The Wings And Being In It For The Long Haul Living N Babylon to backside.
Jeezam Peeez mi run outta patience now. Mi nuh want nor need everyting, Mi just need some NOW!!
SNB me need a prescription bad bad bad!!!!
K said
If someone more educated and knowledgeable than I am can enlighten me on what I just said I am all ears. I digest all information and always open to another perspective. I am not quick to label people as fraud or con-men and that’s certainly not what I am doing. If I had one question to ask Mr. D that would be it. If he can answer me that satisfactorily in my book then I would be closer to giving him a stamp of approval.
PEI said
I call my pig and the oink I just get is that they dont get pay yet. They were to get pay during this week. They had a personal request from Feb 16th and also put in mine Feb 29 and they were told “hopefully by month end as there is still a backlog.” Even some people from January to get paid.My pig was told this on Friday last. So yuh know seh me a call fi di latest oink oink by Wed/thursday.
K said
here is what I don’t get and it’s not that I haven’t spoken to folks who manage large funds and I see people saying all sorts of things on the blog and I’ve never really commented on it.
As a retail trader – someone who trades 1, 2, 3 lots even as much as 50 lots at a time. You can get in and out of the market quickly. However, as an institutional level broker who can trade 500+ lots or in blocks at a time they just cannot exit the market as a small retail trader. The execution time on those trades aren’t instant. However, this may have a lot to do with the arrangement with the broker on a case by case basis. So with that said, what I’ve longed wanted an explanation on and why this most recent turmoil with the clubs have me a bit skeptical. well let’s say you are trading for just 100 people. more tan likely you are not in the same trade for 1 full month. Therefore, if all 100 peopel came to my trade and said we need our funds. Though the trade would not want to hear that. Assuming he’s been consistently making money he should be able to withdraw frim his broker leaving whatever profit on the trading platform.
Now scale this up for 20000 members, the dynamics change but the crux remain the same. IF profit was being made and you said I need 2 or 3 months to scale out all my open trades and profit was being generated then on paper you should have no problem paying back members. It’s as simle as that and I’ve spoken to individuals who manage large funds and in plain ABC that’s what should happen.
Of course, enter the issue of your broker. He normally says listen, I can normally facilitate X amount in payouts , anything larger then we need Y time. Due diligence can and will occur if a broker things are not legitimate with you.
So to me, that’s why I have issues and all I would like is a little answer from the powers that be why their operation is so different that between them and their broker and the broker’s bank things just don’t appear kosher.
unreal_investor said
Bwoy K, PEI, I agree as well. Being a self confessed O loyalist, I nuh understand why money hafi transfer all over the place. Just do the transfers from where the money deh.
PEI said
Now K me agree 100 percent with what you just said. If super D value his name and integrity he need to come forward and clear the air. Is pure rumour going on and no one knows the truth all we know is people want their money and money not paying. Well me nuh get none!.Worse now we hearing about more delays. Is what that?? That is madness.look how much people from January February dont get a cent.
RedP said
1254 Floridian,
If yuh did tek notice seh mi seh Feb ALMOST finish pay off, dem nuh dun wid feb yet. My march and april draw did fi drop disya week yah so mi call braemar disya mawnin ongle fih fine out seh de funds dem nuh clear yet so my draw dem get put off until HOPEFULLY GOD ALMIGHTY WILLING early July cuz dem seh di funds dem supposed to clear July 2!! Yuh simmi!! So ole tight cuz dem nuh dun feb yet!! yuh seeeet!!
Bwoy mi need a drink. Free up di coolah deh cuz mi colla a get hot!!:(
D_Silver Lining, what the **%^!! a gwaan down deh, yuh nuh hear anything??
K said
lotsofmoney, there are lots of things circulating this morning. One of which I heard is that payments will in fact be delayed by 1 month or so. THen I hear you saying they received 240Mil this weekend which is in vast contrast to what I heard and why the payments would be delayed.
So at the very least all this speculating is not aiding anyone and frankly don’t know where to get reliable information then.
what is also troubling based on what you said is: how does David decide when to meet people? Is it your account has to be of a certain size or you just need to personally know him? if so, what does the “size” need to be?
how is this personal friend able to go and meet super D to get their money before so many other people in the wings.
Based on all the research and due diligence I did prior to joining O I was led to believe DS was a savvy guy. He must not see all these activities and communication from the company and O and what is actually transpiring is doing nothing but tarnishing his name and the entities he control. If he truly of integrity, what is he really doing to clear the air. Otherwise if you are like cash+ boss then you just really don’t care.
Carlos Hill is yet to divulge his assets as requested by the court. If he truly cared about people getting back their money why take so long to make his case.
This whole thing just smell foul and ratty. I would very much like for DS to make me shut up once and for all by setting the record straight.
Lots Ofmoney said
Morning fellow bloggers…..been a crazy morning, and haven’t really got a chance to read all of what I missed….but to answer a few questions….
I had put my request in January but apparently when the new payment plans came out, I had not reposted my encashment as instructed and so my request got shifted to May 5…..thus my mid July due date…I would suggest to anybody waiting to call to make sure you are on the list….
…heard that O had 240 mill released over the weekend to begin payments as of today….contrary to what I read earlier, so who knows what is the truth…..and spoke to 2 friends that know of personal friends that recieved funds….one for 40000 and one for 300,000.00….in fact know of somebody in TCI visiting super D now trying to get funds…
maria said
question? so people who requested their funds from march and wont get it til august wont get any interest from may 31st onwards? i would like to believe that all is well but this is beginning to smell like cashplus with each passing day. am i the only one that thinks so?
Floridian said
RedP…
Is where yuh get that argument that March/April a pay inna July for Olint???
My “scheduled” week was last week and mi nuh get mi pay… Me is a February man and yuh seh that February get payout… Me can confirm to people on yah that mi nuh get nuh pay from Olint yet…
If mi get pay unnu will know, but same way mi nuh get pay, mi a mek unnu know to!!!!
Is what really a gwaan???
GetRich... said
I sure wish I could wake from this nightmare. Both Olint and MD wont give me back my damn money.
RedP said
a coulda chop 2 bumba cl… yuh sih, but mi would haffi do too much repenting, so mih jus gwine trust God and live yah man.
danews said
Olint not pay out any money till basically July/August , So this blog is in for another month of speculation whether Olint is a fraud/ponzi.
RedP said
Hey Jcan, i sure could do with some levity just about now, got anything to post on talk general??
RedP said
Olint march/ April encashment held up until July.:( Feb almost finish pay out.:(:(
danews said
can we deal with another cock and bull story now, since it is now payweek for most of Olint members ?
Although the TCI government maybe tired of the BS, since their TCI FX funds seems to be making TC nationals poorer. they may think that good ol DS is a fraud and freeze him money , thinking that he is using TC national money to pay Jamaicans
PipUNIT said
What’s this crap about Olint’s money being held up by the TCI banks?
PipUNIT said
I trade with IBFX(Interbank FX), and yes you have to leave your computer online all the time with your trading platform open so the Forex autopilot will work. The Forex autopilot is an Expert Advisor that only works with Metatrader. You will have to find a broker that uses that trading platform, which there are several. I prefer IBFX. My internet connection with Comcast is usually fine so I’m not concerned with it dropping. It does set a Take Profit amount so even if you computer is off that number will be hit regardless. But it’s best to always leave it running during trading hours so the Expert Advisor will run and gather data so it can determine how to trade.
Redp said
Leaving babylon, Thanks a mil. Will pass on the info.
RedP
Leaving Babylon said
RedP – Try to encourage him to start with $50k at Dukascopy in Switzerland and denominate the account in Euros or Swiss Francs – anything but dollars really. Tell him to pull A, B, Cs looking for the D on the weekly or monthly charts and then pick the base currecny that is poised to move the best against the USD (he’ll know what that all means). If $50k is just not possible, then take your pick because they’re all about the same. I like MetaTrader 4 platform so FXDD is nice even though they stuck me on a limit order that should have closed for a nice profit. I don’t like FXCM, but at least for a US firm they’re managing a small amount and if you fight with them they will let you open a Euro or Yen account. Unless you’re in the UK $15k is just not going to land you with a great broker, because the only really good ones will insist on a larger deposit, but you can try TradeView Forex. They may accept smaller deposits and they are a part of the Rosenthal Collins Group, which is very much a first class operation.
danews said
FX trading seems to be very hard to understand. In hindsight, there can be perfect analysis.
There is a myriad of things to blame when results are not achieved… but at the same time , these factors were ALWAYS there.
Oil prices, U.S. recession, these are not overnight events.
what is interesting is that in Jamaica , when there is a high outflow of cash, there was a high interest rate ( 16 % to probably stop persons from pulling money ) then now low interest 5 % to normalize the high payment which seems to not have worked.
long and short, if there were good consistent strategies in FX trading, then 90 % would not fail at it. So we basically have to put our money in the hands of the gifted few and hope they are not scamming us.
True Olinter for life said
Reading these blogs provides a lot of cynical humour.
It would be good if naysayers provide facts about DS and Olint’s, as well as MD’s inability to pay.
I say to all doubters, be patient. You will not be told everything about the club and its operations. You came in on blind trust, and like passengers in a plane, you will have to trust the pilot to do his thing. And if not, its okay to jump, just make sure you have your parachute.
I have benefited from DS and Olint far more that I could even imagine. I trusted him then, stuck with him through difficult and uncertain times, and I have no reason to start distrusting him now.
True Olinter for life
RedP said
Good Morning blog friends, hope you had a good safe & peaceful weekend.
Jcan I got your mail, interesting but sad. I mailed you back.
Merc V, Still On The Bus, very glad to see that yuh still deh bout, was starting to get worried that unoo did borrow Floridians butter knife and rope!!:)
Leaving Babylon, Pip Unit, Jcan, Get Rich, I have not started to study Forex yet so do not understand all the dynamics involved nor much of what you all speak about forex. Leave Bab, earlier you stated that alot of traders are on the sidelines watching right now as the market is trending sideways. My bro in law has been studying the MTI package and has been running dummy acct. for a few months. I was talking to him about this whole sideways thing and he said he seems to be trading it quite well and he wants to start live trading soon with a start of 15k.
Question is: What broker/platform should he use. How does he avoid these ‘bucket shops’ and other pitfalls that you guys have been speaking of??
RedP
Stress now Blessed said
Jeremiah….the Lord look out for fools and babies, so mi sure him a look out for me… mi caan’t bother dignify your justification.
Still on the Bus you don’t have no mannaz and no behaviour.
Why you so out of order…”nuh bada mi yah man” what kind of out of order tink dat? I can’t even invite you to sit on the chair you need special care LOL.
ALL MAYDAISY EDIOTS like myself…
I have a friend who turn on her computer only to find a big fat “A” in red next to where the customer service numbers are posted….As far as the first foofoogram stated A will be paid between June 1-13. Dem palace her in there June 17 and den tell har she will get X dollars within 5 business days. The “X” dollars is for standing order, she can’t understand why dem filling standing order from February in June and the amount only accounts for two months so she don’t know why she don’t get for the other two months.
My question to dem two ediat deh is …if the club close why on God’s creation you doing standing order? Why you don’t just give every body dem money and mek dem gwaaan?
Even though we out of order and don’t have no manners and dem caant take it anymore..no, no more – dem still don’t want to let go of people money in the cycle dat dem claim dat dem assingning….DEM STILL A TEK WI FI EDIAT….but dem gwine gwaan till mi have to pull mi weight pon dem…
MAYDAISY IL and DM…. Think and Check..
SNB
CanJam said
I’m a newbie…I’ve tired to post here a few times but it never seems to make it on.
I’m just wondering if anyone has heard about Prosporex… It’s based in J.A. and runs an office out here in Canada. It seems all investment groups took a beating last month. I’m just looking for a little info
RSI said
Pip Unit what forex broker platform are u using?
Voice-Of-Reason said
PIP UNIT
BUT DO YOU HAVE TO BE CONTINUOUSLY ON-LINE . . . FOR IT TO WORK???
CABLE & WIRELESS IS VERY UNRELIABLE!
CP said
Please read this comment….
I have learned that over $80m USD has been wired to the TCI bank over a week ago to relieve the encashments, but the funds have now been put on hold by the TCI regulators.”
http://investforlife.wordpress.com/2008/06/06/how-olint-survived/#comment-167
PipUNIT said
Yea, I had a few issues with Forex autopilot at first, more particularly with Vista but they emailed a Universal version to me that works fine. The yahoo users group has been the biggest help. The actual support for the software from the company is almost nonexistent. Might be hard to believe but this thing has never lost a trade. I have only closed one trade manually once just to give it a chance to maybe change positions. I was in a drawdown for over a week and thought to close it and give it a chance to sell the EUR/USD instead of trying to recover the negative i had. Which it did and after about 4 new trades was back up to where i was after i manually closed the trade. My maximum drawdown was about 16%, I’m trading with about 10:1 leverage. Since June 2nd the trader has made 19 trades of which 18 were with profit. You definitely need to run in on demo to you really learn about it and see how it works. It does not set a stop loss but it does set a trailing stop (not sure exactly how that works) and there is also a end of the month close on your positions. If you are in a trade whether positive or negative it ends it at the 1st of every month. But I think a few in the group have found a way around that, haven’t had to encounter that exactly. Look at it this one if you can get this to work for you and you trade your own money then there’s never a question of “transparency” or “I wonder when they’ll send the encashment”. You’ll learn how to be reliant on yourself and not others. I’m getting tired of Lewfam and the way they operate and are looking for other option. When I get all my money out I’ll probably bust in up with a few never clubs in the USA and may trade some myself.
Rich Kid said
#1231……..thanks Still on the Bus…..wi just haffi gwaan pray yah man – well I joined August 07 and requested funds in February 08 soooooo your person ahead of me if is first come – first serve basis – mi feel lickle betta. Anyway mi sarry seh your husband a look pan yuh wid cross eye – at least your husband still a look ……:-)
Leaving Babylon said
Jcan – That article is real and it is as you said “old news”. Still it is very important as people don’t understand the dangers within the forex market. I had one friend that worked for the famous MTI, which promotes IFX in Jamaica and he quietly told me that the winners to losers was much closer to 99%. You have t deal with professional interbank ECN platforms, which means you have to deal in large volumes of cash.
The danger to the retail trader is having a couple months in a row go well and starting to believe that you have the magic formula – performance requires a much longer track record. Be careful about allowing yourself to believe that you’ve got it all figured out. Draw up your risk parameters and stick to them no matter what and you will live to fight another day. Don’t be ashamed to take that loss, it’s pride that comes before the fall, and it’s pride that will suck you in to holding on to a loser waiting for the market to turn.
unreal_investor said
Voice-Of-Reason, their website was scheduled for maintenance on friday evening so you know how it goes, fix one thing, bruck another…
dress2impress said
Hi Hand2mout
I share your concerns. If there are in fact delays or other problems the Management of O needs to communicate. I would love to know if anyone has been paid since the new encashment schedule. By the way,Lotsofmoney, the encashment date on the website was never correct. Can you say when you requested your encashment?
Still on the bus said
#1223 – Still on the Bus…..you said 2 of your colleagues received funds from MD after being placed in cycle A. Can you discern why they were placed in Cycle A? Lets look if any commonalities exist between them – how long were they in the club, how much funds did they invest, did they have outstanding requests and if so – how long did they place them, what letter dem name start wid, were they man/woman, what religion (7th Day?), dem eat pork or not?…. anything at all
Well ans to ? 1= member since Jan 2007
?#2= dem nva tell me how much money dem invest….I GUESS IT’S A SECRET…tink and check
?#3= previous request for standing orders starting Jan 2008
?#4= Dem last name start with C & T …..First name A & l
?#5= DeM IS MAN AND WOMAN
?#6= Dem no got nuh religion, mi nuh know….Catholic, Anglican,7 day, Jehovah Witness,PNP,JLP,Republican,Democrate………nuh bodda mi yah as me is getting vvvvvvvvvvery ignorant as me is writing .
?#7= If dem eat Pork……………dem can eat anything dem want dem get back some a dem money !!!!!!and me is very sure a nuff cause dem suppose to have a few shillings.
RICH KID STOP RAISE MI BLOOD PRESSURE MI HAVE A WHOLE HEAP A HOUSE WORK FI DO, AND MI CAN’T AFFORD HIRED HELP CAUSE MI HUSBAND STILL A LOOK PON MI CROSS EYE SINCE A MI GO GIVE DEM GAL WE MONEY……..LOL….:-)
Voice-Of-Reason said
Anybody else having trouble logging on to the original O website??
unreal_investor said
GetRich, you hit the nail on the head. Just to add, bucket shops will not take you as a client if you have too much capital to trade with. Also if you make too much money, they will close your account. Fund managers like O, don’t use a bucket shops, they use the bank’s platform to trade.
Rich Kid said
#1223 – Still on the Bus…..you said 2 of your colleagues received funds from MD after being placed in cycle A. Can you discern why they were placed in Cycle A? Lets look if any commonalities exist between them – how long were they in the club, how much funds did they invest, did they have outstanding requests and if so – how long did they place them, what letter dem name start wid, were they man/woman, what religion (7th Day?), dem eat pork or not?…. anything at all
GetRich... said
Stop hunting is real but there are ways to protect yourself. (1) Some ppl trade with a mental stop loss (risky). (2)Never place your stop on even numbers like 202.00 or 202.50. For some reason traders usually place there stops at these locations. Brokers do not hunt individual accounts. They go after areas where there are a bunch of stop losses.
A better alternative is to go with ECNs like MBTrading/EFX Group or Dukascopy. They do not trade against you.
I use GFT because I like the platform but I am sure they hunt stops too although I am yet to get hunted.
Jcan said
Leaving Babylon and other Bloggers, just curious on others view on this comment taken from above article…I was told by someone working for one of these brokerage company that it is indeed a reality and that traders dealing in millions are especially targeted…any other take on this? I know this post is more suited on the FX side of the bus, but not much passengers go back there:-D
“Theres something even more sinister that contributes to the failure of so many individual forex traders. Its the bucket shop operating tactics that many forex brokers employ. Some forex brokers actually trade against their clients. Can you believe it? A lot of forex traders complain about having stops mysteriously hit only to see the market go right back to where it was trading. Its called running stops, which many of todays forex brokers do to their own clients!”
Jcan said
http://allforexworld.com/Snaps/The-Shocking-Truth-about-Forex-Brokers.php
This was emailed to me the other day, might be old news for some
“Ive seen firsthand some extremely troubling statistics of the failure rates of forex traders. Theres a number thats floating around the industry. Its 95 percent! Can you believe it? Upwards of 95 percent, plus or minus a few percent, of forex traders fail. Thats an astonishing figure…”
Ana said
Hello All:
First, I must say that I think all of you are doing and excellent job keeping all of us up to date with the Saga of these investment clubs. You input has been invaluable. I do have a question for all of the Olint members.
I have an “O” TCI account and I think I made an encashment request on 5/14/08. How do I know if it went through and if it was done correctly? What is the “sign” button for on the bottom of the screen? According to the new policy, am I correct to think I will receive funds between the June 15- June 30th cycle?
Thanks
Ana
Still on the bus said
RedP & Mercury
What’s up mi frends, ah bwoy, mi still on di bus, but mi just a hold a back seat and watch di ride, you see I was a very obedient child chile and my mada alway tell mi if you don’t have anything good to sey shet up u mouth, so mi just a hold mi corner …LOL…
Mi is working very hard since mi can’t retire pon O & MD as mi did tink. Mi light cut, dem repo mi computer, di cable gawn, mi can’t find food fi eat so mi very weak and need fi go buy some Cog Liver oil tablet or some suppligen…..HUMOUR…LOL…cause all a did must be a joke.
Anyways I was working on a special project outside of the USA and just got back on Thursday. Did look on the blog a few times but was just too busy.
Still no word from my MD friends, still no cycle although I know 2 people who were in cycle A and received more than 50% of their money…LUCK DEM…must be friends of JEREMIAH!!!!!!!!
I agree with SNB ,this foolishness is going on for tooooo long ,MR.JEREMIAH I will join you in fasting,praying but a tell you dem need more than PRAYERS dem need SCIENCE!!
Red P what’s for dinner tomorrow?
Mercury V continue studing ,study very hard and make sure you get a 4.0 for the semester we the passengers on this Bus is expecting BIG tings from you…………..and why you want to wire money now to O ? wait till tings look little better ,MV mind you nuh so bright unno
Even if my spelling is off, it’s okay cause we have bigger things fi worry about and mi really not interviewing for a job right now and when mi need to mi know how. ….KISS TEETH ..KISS TEETH…MI GAWN A MI BED, I am too tired to think, 1st weekend back lots to do
Hand2mout said
Hi Everyone,
I am getting most concerned about the lack of communication from O. I have heard some very stressful rumours which I refuse to believe but given I have invested my mothers last pennies in this club, concern is an understatement. Has anyone in Jamaica or elsewhere received any money and if not, wouldn’t it be prudent for DS and/or WS to come clean and advise club members of the state of play. I would like to know the truth and feel betrayed by club leaders.
One love
Hand2mout
Mercury Vapor said
Re: Post 1100
RedP said: “Merc V, StillOnTheBus, weh oonu deh?? Yuh hop off??”
Hey RedP, yeah I had to hop off a di bus. Too much work to do right now. Summer classes at my university start and is nuff nuff work fi do now. Mi no have much time fi read and post pon di blog again, but mi will check it every now and then.
By the way, I get through with O-TCI. I emailed them to send me the instructions to wire transfer money to my account…but they haven’t emailed me back yet.
RedP do you, or anyone else, know how to add funds to their O-TCI account? Any help would be really appreciated, thanks.
PEI said
Lots of Mo listen you see every time you post that you dont get your money yet,it vex me bad. So if you dont mind how much are you waiting on is it less than or more than 100k?? You mean you dont even get a part payment just nothing??!!
Something very strange going on.
Jcan said
DW, we really need a lot of Jeremiahs now for all these traders8:)
The above Jeremiah should be ‘while you are at it(that is praying and fasting) for Ingrid and MD’s organization, put a prayer too for all the other traders who are going through the fire….They all need a lot of prayer
DW said
@ Jcan
Yuh too bad….Jeremiah (The weeping Prophet)…hahahaha
Tito said
@ Jeremiah
”I looked back at my agreement and it did not say 15 – 20% guaranteed. It said 15 – 20% was being paid, and I know I got that all the time until recently. The Communigram did say there were problems and the whole world knows there are problems.
Have you been following the stock market?
Have you seen the decline of the US dollar?
Don’t you think these factors would affect 15 – 20% ?”
Currency trading is not affected by the stock market or the state of the economy, whether there’s a recession or a boom price of currencies still fluctuate regardless and money is made on these fluctuations.
Also the decline of USD has no affect whatsoever, again money can be made bothways, when a currency appreciates or depreciates.
RedP said
Its still down Jcan, I’ll check it on Monday as I’m logging off for the weekend. have a great weekend.
RedP
Jcan said
Hey Jeremiah, ‘The weeping prophet’
While you are it, send up a prayer for all traders of these clubs. They all need it right about now.
Red P
I will await availability of your email service 8:)…I tried earlier, not sure if it is working
RedP said
Jeremiah my brother, I’m not in MD but I am a brother in Christ and I have to say that observing all that has been going on concerning MD on this blog and reading whatever communigrams have been posted my conclusion is this.
I have to really question whether the directors truly are followers of the Lord or just “wanna be”christians. Now I am not judging as that is not my calling, however it is my view that if they truly love the Lord they would have the decency to treat their club members with the respect that they are due.
They should seek to be as transparent, approachable about the happenings of the club and more importantly, ppls funds with whom THEY are entrusted. Remember you know, they are making profit off of ppls money as well, they are not doing it for free. they should treat their clients as they themselves would wish to be treated.
If the table was turned do you think that they would put up with the holier than thou attitude that they themselves appear displaying. I for one think that it is an affront to display this type of behavior and at the same time quote the Holy Word of God on their communiques. Do you know how much jinnals there are out there that hide behind the pretense of being a Bible thumping christian?
As one of my blog friends here always says- THINK and CHECK
Love and Peace my brother
RedP
Jeremiah said
Stress now blessed @ 1188
You are right I have confidence in MD. Based on what I have heard from people who know her. They say say she is not only credible and have our best interest at heart, but I have heard people use the word genius to describe her. I have heard many say she is one of the best traders out there. I want to know that the person investing my money is a person of character and one able to withstand the storm and safely guide us to financial victory.
I want MD to do well. If she prospers I prosper, my grandparents prospers, an entire neighbor in JA I want to support will prosper. Not to mention the scholarships I want to provide for all our brothers and sisters who have so much potential but can’t afford the College bill.
I looked back at my agreement and it did not say 15 – 20% guaranteed. It said 15 – 20% was being paid, and I know I got that all the time until recently. The Communigram did say there were problems and the whole world knows there are problems.
Have you been following the stock market?
Have you seen the decline of the US dollar?
Don’t you think these factors would affect 15 – 20% ?
Give MD credit for still paying under these trying circumstances. You are complaining but tell me, how much is your bank paying you per year? I can guarantee its not 20 % a year.
Have you been following the situation in JA? All the clubs are under serious stress. The government is fighting these clubs. The banks are fighting these clubs. Now we have a run on the clubs. Putting that in perspective a different picture emerges. Stress if everyone went to their banks and demanded their money the banks could not pay.
You mention 7 mil. Do you know where your regular bank invest your money? Do you have any control over what they do with your money?
In my opinion the gains posted in a quarterly fashion is a great idea while they wether the storm.
We all agree about the customer service and yes that’s constructive criticism. But I believe in being fair and they have improved.The club started out very small and in short order it grew like hot bread. I don’t think they expected that and I believe they were trying to play catch up. Rome was not built in a day brother, we need to be patient and supportive.
Jeremiah said
Stress now blessed @ 1188
I appreciate the spirit of your response. You are upset yes but I don’t feel venom like I do with some of the other post.
In regards to your statements
You said
>>>you should know why you have so much confidence in Maydaisy <<>>START A CLUB TELLING PEOPLE 15-20% THEN YOU GIVE 15%, 10% and 5% without explanation<<>>TELL ME NOW JEREMIAH, WHY ON GOD’S CREATION SHOULD WE BE FRIENDS WITH MAYDAISY – WHO ACTING LIKE THEY MAY GIVE US BACK OUR MONEY OR THEY MAY NOT?<<<
I am a God fearing man who believes in the power of prayer. I believe prayer changes things so I am going to pray that God intervenes big time. What we need to do is say MD yes we are not satisfied with the customer service but we will all agree to pray for you. If you succeed we will all succeed.
Stress how about joining me on a day to fast and pray for MD and the club?
RedP said
Ask away Jcan, I’d tell you to email me but C&W email server is down just now. You can try anyway.
cjb at cwjamaica dot com
Hey K, I’ll tell you this, regardless of whatever Super D problem is ppl are still putting in funds. My neighbors bredren going to drop 600 LARGE into O. Bwoy I wish I was in a position to have 600k on hand!! You know, dem say that money dont mek yuh happy but I tell you, it sure eases the pain!!
RedP
Jcan said
Red P
Have a question and I think you can help me out…
K said
O has major problems yaah man..as far as I see it DS and his dates and his promises start look cash-plusish….reading LotsOfMoney post mek mi just feel like him really need fi come out and set the record straight rasta. Why all these moving dates? what excuse he’s going to come with in the next communigram?
Paige said
So I have an O account with the columnist and I now have my own OTCI account. I was looking to transfer what I have with the Columnist to my own O account and Columnist told me that could not be done. I would have to withdraw from the account with the columnist and then place it in my OTCI account. Anyone had the same experience and does anyone have any suggestions. For as we all know O has resumed payments but is a little slow in doing so. I would however rather monitoring my own account with O. Better have to deal with one party than two especially when there is monetary issues in the columnists camp. Btw, they recently downsized staff there. Not sure what that means.
RedP said
LOL Newbie, thanks for the levity in these trying times.
newbie said
THREE WOMEN,TWO YOUNGER,AND ONE SENIOR CITIZEN,
WERE SITTING NAKED IN A SAUNA.
SUDDENLY THERE WAS A BEEPING SOUND.
THE YOUNG WOMAN PRESSED HER FOREARM AND THE BEEP STOPPED.
THE OTHERS LOOKED AT HER QUESTIONINGLY.
“THAT WAS MY PAGER ,SHE SAID.
I HAVE A MICROCHIP UNDER THE SKIN OF MY ARM.”
A FEW MINUTES LATER, A PHONE RANG.
THE SECOND YOUNG WOMAN LIFTED HER PALM TO HER EAR.
WHEN SHE FINISHED,SHE EXPLAINED,
“THAT WAS MY MOBILE PHONE ,I HAVE A MICROCHIP IN MY HAND.”
THE OLDER WOMAN FELT VERY LOW-TECH.
NOT TO BE OUT DONE, SHE DECIDED SHE HAD TO DO SOMETHING JUST AS IMPRESSIVE.
SHE STEPPED OUT OF THE SAUNA AND WENT TO THE BATHROOM.
SHE RETURNED WITH A PIECE OF TOILET PAPER HANGING FROM HER REAR END.
THE OTHERS RAISED THEIR EYEBROWS AND STARED AT HER.
THE OLDER WOMAN FINALLY SAID……… ” WELL, WILL YOU LOOK AT THAT…
I’M GETTING A FAX ” !!
Rabbit said
Lots of Money #1201
Thanks for the heads up. Hope they will at least issue an update to the club members.
I should receive an encashment in both the 6/16-6/26 and 6/23-6/27 encashment periods. Nutten yet. Will post when received.
BTW – The dates were never updated on my O account to reflect the June/July date ranges last communicated.
RedP said
Lots of Money 1201
Were you slated to receive during the week of June 23-27, did you request encashment in march??
Just need to know if I’m in the same boat.
If so this does not bode well for me.
RedP
rodger said
lots of money,
when did you request your money from your olint account?
Lots Ofmoney said
Morning….got some disturbing news yesteday, went on my O’s account yesterday and the June encashement date was not longer there…upon calling to find out what was going on to to make sure I was still on the list, was told now my date is 2nd week in July!!!!!…..very POed right now….but just wanted to give everybody the heads up…..Redp…looking kinda bleaky today….maybe at least take a drive out to the beach to chill….you all have a great weekend….btw, the compass card applications are ready now…..
rodger said
Good morning everybody,
I am new and I have a question for Tito.
Is it possible for you to ask DS personally why the encashments here in Jamaica are always delayed?
Why he never comes out here to visit Jamaica to look what is relly going on with his club here.
thanx
rodger
RedP said
Paige it look like nobody wake up yet.
Paige said
testing
1956teach said
Thanks for the clarification on Olint Tci and Tci Fx
Fedup said
SNB #1188: ditto….
RedP said
You guys have a great, safe, peaceful weekend yuh hear.
Tek care of your hubby Pat.
LOM catch a king fish,dolphin or tuna fi dih I!!:)
More Time
RedP
Leaving Babylon said
Bredren – Quick thought on Rove. When I recommended these guys however many weeks ago, just remember that I was only letting you know that they have some decent past performance and that they are legitimate. A lot of due diligence posting going on doesn’t make a lot of sense to me. If there broker is square, it’s your money, and there is very little to be concerned about. Rove can’t withdrawal your funds they only have an LPOA to trade. Even the Vancouver connection – it wouldn’t mean a thing if they didn’t have a Vancouver office. I have an office in another State that I never visit, but I do use it for mail and legal jurisdictional reasons – along with thousands of other business owners.
CAUTION: Some of you may not be prepared for the ups and downs of the forex market. One big difference about transparency is people find out just how serious of a roller coaster ride forex can be. For example, one of the best traders in the US is having one of his worst months right now – it doesn’t mean a thing. All of this has to be viewed over a span of time. Be careful about getting into Rove with the expectation that you’re going to average 6 to 7 percent a month and then bad mouth them if they have a losing month. Even my star trader is sitting on the sidelines a lot right now, because the sideways chop is so bad. When you’re looking for traders make sure that their style fits your risk tolerance or don’t invest. If you make the leap without figuring out what you’re getting into, you’ll be disappointed and frustrated with the ride.
Jcan said
Dawnews/Tito
There are many variables that contribute to the large request for funds at this time beside the “housewife spending mentality” not to mention the negative charge in the fx clubs atmosphere
1.Recapturing principal at the earliest time possible…investors doing the ROI would be doubling around now
2.The middle man is no longer needed for OLINT so investors getting their own individual account and need their money to fund account
3.The now 4.2% – 5% cannot repay monthly interest on loans used for this investment etc. etc(Yes, some persons used loans…the rich borrows to invest also) so it is not straight forward as it would seems. Everyone has their own story and their own level of tolerance
Voice-Of-Reason said
1180 PIP UNIT
I’ve tried Forex Auto Pilot on a dummy account, and it was giving me hell. Dunno if is because I’m using Vista (which is $#%@). I get all kinds of annoying pop-ups and I haven’t really had the time to try and sort it out with them.
Also it seems you have to be always on line for it to work, once you install it onto the EUR/USD 1 min chart. Cause my C&W DSL tripped out once and it seems FAP could’t get out of a position when it wanted to . . . and it almost wiped out my account. I was glad it was only fake money. Help me with this.
John said
Just spoke with them on the phone, they don’t claim to have been online for a long time as stated on their site they started the online portion in May 2008.
Bless said
John
I have spoken to some at Barclay Hedge they have verified the information that you have given stating the change.
They have also stated that they dont validation that data given it is taken at face value, if there are complaints then they will look into it.
They came on their system in April
A whois on rovecapital.com will indicate that they were registered/ created on the 30th March 2008 for one year.
Bless said
John are you saying that the links above is pointing somewhere different because the link is pointing to April data
John said
I just spoke with Rove Capital, they said this error on Barclay has been fixed. The updated corrected name will be updated next month. I just logged in and checked their ranking for April the name has indeed been changed.
Stress now Blessed said
Jeremiah @ 1129 or should I call you ‘Friend of MD?’
Listen, you should know why you have so much confidence in Maydaisy with all the crap that they dish at members.
Remember it’s not what you do is how you do what you do.
START A CLUB TELLING PEOPLE 15-20% THEN YOU GIVE 15%, 10% and 5% without explanation, but a FAT lie saying 20% was never promised.
TELL PEOPLE THEY HAVE THE OPTION TO TAKE THEIR MONEY MONTHLY, THEN THEY CEASE GIVING MONTHLY PAYOUTS WITHOUT A DECENT APOLOGY OR EXPLANATION.
TELL MEMBERS EVERYTHING IS THEIR FAULT…EVEN THOUGH WE DIDN’T SEND ANY MONEY TO ‘THE MOTHER LAND’ $7M TO BE EXACT, THAT STARTED THIS WHOLE MESS.
MOST RECENTLY – TELL MEMBERS OH BY THE WAY, GAINS WILL BE REPORTED QUARTERLY…THEY HAVE BEEN DOING THAT SINCE JANUARY, BECAUSE THEY DID NOT POST GAINS TILL MARCH, AND NOW IT IS JUNE AND THEY STILL HAVE NOT POSTED GAINS FOR APRIL OR MAY BUT IN JUNE TELL US IT IS NOW QUARTERLY
I COULD GO ON AND ON AS TO WHY I DON’T CARE TO BE A FRIEND.
MD is not just lacking customer service, they are lacking the ability to communicate with members with respect.
There are people who have six figures in this thing and don’t want continuous broken promises and POOR or NO customer service, den a proper tongue lashing unrepentant and unapologetic mis-communigramm that does not communicate JACK!
TELL ME NOW JEREMIAH, WHY ON GOD’S CREATION SHOULD WE BE FRIENDS WITH MAYDAISY – WHO ACTING LIKE THEY MAY GIVE US BACK OUR MONEY OR THEY MAY NOT?
THEY BETTER WILL GIVE ME BACK MY MONEY, OR I WILL BE MAKING LIFE VERY MISERABLE FOR THEM…..THAT IS A PROMISE I WILL KEEP!
STRESS now DISGUSTED WITH MAYDAISY
jcan said
paige/Bless: If what the columnist said is honorable, then he is not piggybacking with that club because I recently received encashment within 3 weeks of requesting…
Bless said
John
https://www.barclayhedge.com/managerscorner/perf_ranks/cta/Currency
What does your link says
Bless said
I got it from a another blog
https://www.barclayhedge.com/managerscorner/perf_ranks/cta/Currency
check it out
John said
Bless, where does it say Rove FX Capital ? I just did a search on barclays hedge and it says Rove Capital
John
K said
PipUnit – I’ve come across their site before but when I see such sites I normally lump them all as one – shady…I am glad to hear at least one person have good feedback. Can you drop me an email @ cbthut at hotmail dot com I’d love to get some more info about their strategy and whether to have a serious look at them
Thanks!
K said
pipU – on a 1 minute chart!!! thats some constant scalping. what’s your drawdown looking like?
jahbilly said
1176 Paul H
What is the bet?
PipUNIT said
I’ve been using Forex Auto Pilot for about 2 months and have done over 30% both months. About ready to go live with it. It only trades the EUR/USD on the 1 minute chart. There is an entire yahoo group that supports the product and uses it as well to trade. Getting ready to say astalavista to Super “D” and “LEWFAM”. Tired of the LIES.
Tito said
@ Danews you’ve hit the nail on the head…posting ‘only’ 4% return results in a run!?!
And I like what you say about stocks, having the wrong mentality is why most people lose on the stock markets…basic principal is buy low and sell high…some people’s mentality the price is low so can’t be good, company’s doing very well so they buy the stock once the price is already high, share price drops so they think it can’t be doing well and don’t want to lose money and they sell… so basically they buy high and sell low!
That mentality is also damaging these investment funds/clubs, for example if every single account holder was to withdraw their money from a bank like Lloyds TSB or Barclays or HSBC, for a fact they wouldn’t be able to make good and would collapse or need to be bailed out by the government.
This is obviously a generalisation, but one i’ve made on personal observations.
danews said
The FX market in Jamaica has not been sensitized to losses. which is a normal part of investing.
I have bought stocks which have depreciated. And subsequently appreciated over time. this is normal.
In Jamaica, the minute there is any lowering of rates, there is panic and runs.
The clubs must seriously think about doing an investor profile and only target their products to persons with the appropriate risk profile.
it makes no sense marketing your product to the housewife who needs the money for supermarket.
Tito said
@ Danews, if that’s in response to my post I mentioned different traders as a possible reason for different results. I actually believe that the 16% is DS’ trading as he is the only trader at TCI FX.
Making a bad trade does not make you a rogue trader, making a bad trade and then trying to cover it up (think Nick Leeson at Baring’s Bank and more recently the French guy at Society Generale) makes you a rogue trader.
paul h said
The blog getting ridiculous again.Read the agreement..gains are not automatic or guaranteed. I really believe the days of 8% average are deliberately over. A steady 4% average (or less) will have to suffice.If the clubs become regulated the average will drop a further 2%. Any bets?
danews said
We use DS , singularly and plural.. if we get good returns, we shower praises on David Smith. If the trades are bad, we project that it is a team, and one of the other traders made some bad trades.
This is also a strategy used by some conmen, take the credit for good times and blame rogue traders in times of losses.
Bless said
How can Rove capital and Rove FX capital be the same company legal they are not
clarify please
Voice-Of-Reason said
J’CAN, CHECK UR E-MAIL
Tito said
@ CP will check my prospectus but I’m 99 percent sure that that’s a misquote, there is no mention of Olint TCI in the prospectus, DS is a director at TCI FX which are two different things.
Another reason I believe this to be a misquote is that TCI FX is registered with the FSC here, and Turks is a UK dependent territory with strict rules regarding money laundering etc. To invest with TCI FX a passport, bank letter, work permit and tenancy agreement is required. The bank letter states your income and is used as a measure to highlight any potential money laundering going on (sudden large amounts getting deposited etc).
I believe the same measures aren’t in place for Olint and so I would imagine that the funds can’t be pooled and traded together as that wouldn’t meet the FSC’s requirements if they come under scrutiny.
Again I will find out later today.
Tito said
@ CP will check my prospectus but I’m 99 percent sure that that’s a misquote, there is no mention of Olint TCI in the prospectus, DS is a director at TCI FX which are two different things.
Another reason I believe this to be a misquote is that TCI FX is registered with the FSC here, and Turks is a UK dependent territory with strict rules regarding money laundering etc. To invest with TCI FX a passport, bank letter, work permit and tenancy agreement is required. The bank letter states your income and is used as a measure to highlight any potential money laundering going on (sudden large amounts getting deposited etc). I believe the same measures aren’t in place for Olint and so I would imagine that the funds can’t be pooled and traded together as that wouldn’t meet the FSC’s requirements if they come under scrutiny.
Again I will find out later today.
CP said
@K, No problem K. I just addressed you for your attention, since I see you are interested
@tito. Can you also ask then what i up with the TCI FX website?
Bless said
Jcan, are you a member of the Hill club? and can you say for sure that the Columnist is?
My understanding is the Pig of the columist is not the Hill
K said
Tito, you are in TCI correct? you note tcifx is licensed. as should be O-Tci as said from the said mouth of DS.
Which entity can I contact in TCI to verify this what process does one have to go through to get this approval?
FuzzyOriginal said
RedP
That powder is what they put on the dead.
Tito said
@ K, to be fair that is just 1 month’s return and the fund has been around since 2006. For me the 16% loss was ‘real’ as with any trading you win some and you lose some. Like i’ve said before that loss actually gave me comfort. In any given month I would imagine 5-10 trades are undertaken so you can be be up, and then end up with a loss on the last trade, the percentage posted every month is the net return and even if it was a gain that would have been arrived at after trading gains AND losses during the month.
@ Danews, I’m pretty sure DS is not a one man band and has a team of traders with him hence the difference, but it’s a good point you raise.
I stay with them because I’m dealing with a licensed and registered entity which greatly reduces the chance of any dodgy going ons and also to date there’s no problems with accessing funds. I guess it all comes down to each person’s comfort level and how much risk they are willing to take.
K said
Cp,
I am not a member of Tcifx. I am just interested since there’s a clear link to O. If the prospectus already mentions an investment connection to O again I am surprised at why the rates are so different. That’s my little question I’d love answered by the powers that be. good luck on that one huh.
CP said
@Tito and K
What does the prospectus say about the relationship between TCI FX and Olint? Based on what I see on the other site
“The Fund TCI FX TRADERS LTD (“the Fund” or “the Company”) is an open ended investment company incorporated in the Turks and Caicos Islands on August 16th 2006 and subject to the laws of the TCI. It is established for the purpose of investing through OLINT TCI which is a FX Trading entity, with the object of obtaining constant above average absolute return through a disciplined investment approach”
Source:http://investforlife.wordpress.com/2008/05/30/tci-fx-now-lewfam/
Can you confirm it that is what is in the TCI Prospectus…?
danews said
@ Tito
Logic would suggest that if one club is doing very well ( Olint Ja) and one Club is doing very bad (TCIFX), then he should use the same trading strategy of the club that is doing well on the one that is doing bad.
RedP said
So THATS what the powder was that I found in briefs this morning!!:)
K said
Tito, well at -16+% I would say DS probably is treating it like the red-headed stepchild.
If Wildish is so in cahoots with DS why not just pool his collected funds in O-Tci since his efforts are focused there primarily assuming he believes O is the shiznit.
DW said
@ Newbie
Thanks, we need the humour at this time to ease the tensions.
Tito said
To clarify on the last point I believe it’s a seperately traded fund to Olint, not a feeder club which is why it hasn’t been doing as well as O, but also hasn’t had the same problems with payments.
DW said
LOL….
Tito said
Spoke to Wildish yesterday he said everything is as normal DS is still trading. They’ve moved to a larger office which i’m going to visit today on my lunch break. He also said if I wanted to make any withdrawals no problem let them know in the office and it will get taken care of.
@ Patricia I spoke to him around the same time, he was stressed and getting a lot of aggravation about the losses posted that month, he even said he was going to take his own money out of the fund! I think that was the stress talking, as a person he’s not cut out to deal with angry clients lol.
In regards to difference between TCI FX and Olint TCI they are completely seperate funds. I think that’s why encashment is no problem with TCI FX as they seem to have all their banking arrangements in order and there are no legal shennanigans going on etc. However the problem with TCI FX is that I don’t think it gets a lot DS’ attention, he’s more focused on Olint. That’s my take on it, if I find out anything more will let you guys know.
richesrus said
cold but funny
richesrus said
@1154
lolololol
newbie said
One evening a husband, thinking he was being funny, said to his wife ‘Perhaps we should start washing your clothes in Slim Fast.
Maybe it would take a few inches off of your butt!’
His wife was not amused, and decided that she simply couldn’t let such a comment go unrewarded.
The next morning the husband took a pair of underwear out of his drawer. ‘What the Hell is this??’ he said to himself as a little ‘dust’ cloud appeared when he shook them out. ‘April,’ he hollered into the bathroom, ‘why did you put talcum powder in my underwear?’
She replied .’It’s not talcum powder……It’s ‘Miracle Grow’
newbie said
so PEI you nah get it?
is where the columnist based??
how about we all go back and build our credit unions and leave these alternates?
PEI said
Morning never sleep so good. But morning still. Listen people you see how life ah one funny thing.Me never even did consider a certain issue like Jcan. Now SuperD experience a big run last year end and we also learn that is nuff people and club and so on he trading for who pull out. It seems like they never have no faith. Now my problem is the Columnist man sweeten up the pot and because people did nervous bout SUPER D court case them and things, dem go with Columnist, some all go wid WW and all ah rush was on to jump into the Daisy field. People id a jump Super D ship like mad, and see it deh fi wha???..pure shark inna di water dem. Bwoy mi ah tell unu life is a hell. Well if columnist is a honourable man, him going to have to hug up the loss. Him make money like peas. All me know is me want my money as stated in my account plain and simple.
Jcan said
#1150 V Happi Says PEI and Jcan, the Columnist is an honorable man. I can vouch for him…..
V Happi that is why a lot of investors trusted him when he proclaimed he has been the chairman of this new arm of the club and introduced it as such that a lot of investors who were invested with the “O” at the time piggybacking then on the Builders switch/converted to the other side in so doing contributed to the large encashment burden placed on “O” the 3rd to 4th quarter of 07
Now it is his turn for a large encashment burden because most, if not all investors with him heading for the exit sign….Reaction time comes around so soon…once it seems one has to wait a life time
Why investors were not told of this DD/auditing prior to the exodus of encashment requests?
Why investors were not notified on the web with his prior cumminigram about volatility/traders were adviced to now trade cautiously etc and protecting investors funds with current gains trend etc.. Nothing was mentioned about auditing then
Dont tell me he just woke up Monday around noon after the barrage of phone calls and requests that he needed auditing!
Now investors need to recover funds and he as the chairman and long time chairman of this investment fund- trading by these “traders” just discovering that he now needs auditing? PLEASE
V Happi said
Columnist’s club
Post #1121 “…How him can now say that him never know that from last year the trader did a tell lie and the returns them false?”
PEI and Jcan, the Columnist is an honorable man. I can vouch for him…..unfortunately, not all traders are honest. Sorry
Thank God for DS and I still hold great hope for IL to come through because in her own way she means well or so it seems to me.
……………………………………………………………………………………
I am staying up late trying to keep up with you guys.
Good night
oneLuv
V Happi
HBJ said
Re: post 1081
Thanks for the glimmer of hope DR…hope your little birdie is right =)
d_silver_lining said
@ 1956teach
Olint Corp became Olint TCI, mainly because of the legal matters in Jamaica with the FSC and to protect the investors. Olint Corp is now referred to as their Customer Service Dept. based in Jamaica. Olint TCI is “supposed” to be registered legit in T&C islands.
TCIfx is a fund registered in T&C islands for TCI residents only.
maria said
no i did not sign the new agreement Danews and i requested all my funds. with the current climate i prefer to be on the outside looking in and sleeping peacefully than having a million grey hairs overnight and risk losing everything. as the saying goes want all lose all. if after 3 months things settle back down i might consider rejoining and if it does not i will not be caught.i am not a cultist.
1956teach said
Can someone explain what is the difference between TCI FX and Olint TCI? Thanks
fx. ras said
greetings;;;;;;;;;;;
Paige said
Jcan
#1104
just trying to read between the lines. there is only one club I know of that posted 42% last year and is averaging 18% now and you are a member of said club. Are you saying that this club is the pig for the columnist. correct me if my assumption is wrong.
PEI said
Excuse me William Gray, you get pay June 16th.thats very good to hear but boss plenty people dont get and frustration boiling over.
Patricia said
Just a quick one, no RedP I am not in Rove just chatted live with them and posted the transcript.
On Wildish, I had a very weird telephone conversation with him in March..please dont ask how, but I did. Anyway, based on what he was saying I was surprised to hear that they are still operating together.
d_silver_lining said
tito @ 1137 hahahahahaha!! nice
Well as I said re: TCIfx “i heard it” so may be true…may not be…rumours surface everyday, u never know what to believe anymore LOL
Thx Tito!
Tito said
@ Silver, although the last email received stated they are still trading etc
Tito said
@ Silver, will give John a call after work and see what he has to say.
Tito said
Just pulled this off google but found it quite funny…
A Japanese guy is at Los Angeles International Airport,
waiting for his flight back home to Japan. While he’s
waiting, he goes to the currency exchange counter to change
his remaining dollars.
He counts his money at the counter. “Wait a minute,” he says
to the clerk, “When I came here I got more dollars for my
yen. What’s going on here?”
“Fluctuations.” says the clerk.
The Japanese man stiffens. “Well! Fluck you Americans, too!”
d_silver_lining said
Tito…
As a member of TCIfx do you know if DS & Wildish are closing the fund, and will no longer be trading under TCIfx?
I heard this from someone recently, but honestly not sure how factual it is?
K said
DR, your topic is just what the people on the bus need…a dose of humour
Tito said
@ DR forward the email please LOL
DR said
Hello WARNING!
Don’t allow anyone to tape you while you are doing your lover.
There are a few recordings going around via email and bluetooth.
Be careful!
Tito said
At TCI FX DS didn’t trade the month of May because funds were transferred to a local bank in anticipation of large enchasment requests. Everybody I know received cheques for the whole amount requested within a couple of days which is reassuring but also frustrating.
Will wait and see what next month brings.
About May Daisy, I hope not to offend anyone, but as soon as religion is brought into the equation for any financial scheme, that is a serious red flag for me and I would run a mile.
danews said
@ Jeremiah
What you say, may have hold water.. but given that clubs before has posted schedules and then disappeared..you cannot blame people for being wary.
Cash Plus , and Higgin Warner has set a precedent in this regard.
RedP said
1129
That would be great John, let us all know how it goes and safe travel.
RedP
John said
RedP, I will be visiting the Rove Capital offices in Vancouver next month since i look to deposit more I would like to meet with their management team. I will let you guys know how it turns out.
John
Jeremiah said
I think you guys are so unfair and that is the very reason why you are all being turned out of the club.
You complain when they don’t put up a communigram, now they have put up the gram you complain again.
You state speculation as fact (which is always a no no) by saying no one was being paid when people were being paid. Now you want to move the goal post again and find something else to complain about.
What’s wrong with us Jamaicans?
We are all in the same boat the customer service complain is valid, but some of you guys have gone over board in you criticism. Folks this is not good.
We all know we took a risk and high returns carry high risk .If you had invested in Unit Trusts and other financial instruments from long established companies, the Jamaica Stock Exchange or on Wall Street and it crashed what could you do….NOT A THING” so why get personal? MD has not crashed praise God, but they need to weather the storm.
Your criticism and personal attacks are not helping. All the clubs are in the storm right now. They have indicated a payment plan and we should just wait. This bashing will not help and that’s why many of us are being kicked out. Please stop the bashing and write constructive criticism.
From what I have read in the papers, heard from people there, it seems to me like they are fighting a war on many fronts and the priority right now is to protect the investors money at all cost. Every single club is fighting a war right now just read the papers
As of late has anyone not been able to get them on the phone?
I feel like starting a group called friends of MD. As a matter of fact I might just do that.
MD if you read the blogs there are many people who love and support you. Keep holding on we are praying for you and your team
Friends what we should all be doing is praying for the creator to give MD the wisdom to weather the storm. Once this has passed it will be smooth sailing again and I have a feeling many people will regret leaving the club.
People need help big time. Have you seen the oil prices? have you seen the housing situation? The unemployment rate in the US is 5.5 %. American airlines is planning to cut flight to the Caribbean which means less visitors. When MD flourishes society will be better for it. Those who want to leave, please leave and let the rest of us who want to stay, remain and take our risk.
G-Man said
Two people at my office got funds from the Lint factory.
This I know for a fact.
danews said
Maria,
Did you sign the new agreement ?. Sometimes its a measure of stressful days in anticipation of some future reward.
if you have signed, it means that you are willing to take the stress.
maria said
somehow i am not too comfortable with the lint factory despite the upbeat talk of everyone here. can anyone categorically state for a fact that payments are being made? fact, not heresay.
RedP said
DG, Bizbabe, PEI
Whats up bredrens,
If I’m not mistaken, Patricia had said that she has been with them since Jan. I do believe that someone else posted that they had family links in Vancouver who checked to see if Rove had a physical office there and I think that it was confirmed. I may be wrong, maybe somebody else might remember the former posts.
Question though, do you think it possible/probable that Rove could be a questionable entity and yet be registered on the Barclays hedge?
RedP
Bizbabe said
DG you are really thorough! I have an account with Rove but you have inspired me to take a second look.
PEI said
DG me agree with your position on Rove look funny but you never know still. Right now you have to go over every thing with a fine tooth comb. Right now everybody ah look like tief to me.
PEI said
Gentle people it seem like we been taken for a ride and one we never bargain for. now the latest thing with the columnist motivational speaker mr. williamson is pure foolishness and is like right now me just want out of everything. fooolishness going on everywhere. How him can now say that him never know that from last year thetrader did a tell lie and the returns them false? too much people a tek blackman fi idiot right now. wha happen all of a msudden they going to do audit. whey they wasnt auditing throughout to make sure say everything legit. Look how much example him have with what happening with other clubs. that is rubbish and den talking about they nprotecting us?
Listen me dont want turn into a Higgins warner escapee but me is now very close and it not looking good. So all like Super D better come through cause me really cant take no more excuse and foolishness. I dont see one person here say that them personally get pay is just pure i hear that and i hear this. Is like me a get bringle now
unreal_investor said
UpNawt, I agree 100%. I still have confidence in O though. I also like how this rove capital operates.
CP said
@Danews. A club Tito mentioned posted a loss. Danews you seem very selective in your reading. You missing alot of information
@Tito. I spotted you on another blog promising to get some proof about a certain wildish FX company. You have any information yet?
Tito I think the article posted earlier explained the “nervous” reactions. The doctor on the bus not doing a good job giving the passengers treatment for their nerves. I hope people not drinking alcohol while taking their medication.
WARNING!!! If you taking sleeping tablets or tablets for your nerves or blood pressure do not drink alcoholic beverages.
@K. I do not know his financial credentials. What I can tell you is that he was once CEO of Crown Eagle Life Insurance and a former manager at Life of Jamaica.
UpNawt said
1112 Jahbilly
I agree with you. Paying 10 – 12???? As I see it, any posting of gains (if the gain is really true) is only paper money. It is one thing to “be paid 10 to 12 %” on your money, but it is another thing if you can’t get access to your money when you ask for it. Something is definitely not right in all of this
RedP said
Thanks John
Peace
RedP
John said
Hey RedP
on rove’s site they said to put leverage 1:10
http://rovecapital.com/register%20oanda.html
i think they have it there step 4
hope that helps
J
RedP said
Question:
When filling out the application for Oanda in order to open an account with Rove capital, how much percentage of leverage should one enter?? It ranges from 10% to 50%. I put 10% just to play it safe.
Any recommendations??
RedP
jahbilly said
1111 Danews
The clubs don’t have to post a loss. If you can’t access your money for more than
3-5 months, thats more than a loss. How many people on medication for pressure because of the uncertainty? Its not a loss, its a bangarang!!!!!!!!!!!!
danews said
everything is relative. 4- 5 % is chicken feed when others are paying 10 – 12 %.
but it is great to the back who is paying 1 %.
remarkable is that none of the clubs has ever posted a loss ….
so you can imagine how the people will react if ever a loss was posted
Floridian said
Yuh know, from the other day mi notice this code name of “Columnist” that appear… And all the scratch me a scratch mi head fi try figure out who this “columnist” is them a refer to, mi couldn’t figure it out… So true mi nuh waan look like nuh dunce, mi never ask nuh question is who dem a talk bout and just gwaan pretend like seh mi know a who…
Yuh know, now that mi a look back pon mi life, is nuh wonder mi neva do better inna school… Mi shoulda did ask question instead of gwaan like mi understand and when test come, is pair fail mi did a fail…
Bwoy, mi glad seh somebody ask point blank who this columnist was cause mi have a feeling nuff a wi neva know bout him either, but did fraid fi ask…
So make me get this straight fi everybody… The columnist is Mr. William’s son, that name Tony… Alright… Now mi know a who.
Tito said
Returns of 4-5% a month caused a run??
In my opinion that’s pure greed and stupidity
danews said
So essentially Tony Williamson was cooking the book and cannot sustain a run.
the FX market is very liquid, there ought not to be any extended period for which a client cannot get his money.
CP said
@RedP and Danews, Here is the relevant link. The club not new and appears on the FSC’s list
Run on Olint causes delays in payments, March 3, 2008
http://www.jamaicaobserver.com/news/html/20080302t180000-0500_133125_obs_run_on_olint_causes_delays_in_payments_.asp
You guys not reading the posts on this blog. There are links to many articles he has written.
K said
man o man all of a sudden everybody and their brother has a club. what are Toe-ni’s
financial credentials?
CP said
I hope all ‘O’ are ok. It is really sad what is going on with MD. The daisy crop looking in doubt for this season. Another interesting MD communigram?
@K. Your friends might be in the minority some people are being paid, unless DS hit the 25% ceiling for the month already, then that is serious problem.
@RedP and Danews.
Why so hot under the collar, calm down. Maybe the AC not reaching you all. Anyway here is the answer. The name is pronounced toe-ni, and he is the son of william. He appears in the Gleaner. The club is not new. I will post a link in a separate post.
RedP said
Who the heck is the columnist?? Why all the secrecy?? Stop speaking in secret code!!
danews said
Ok. Who is this Columnist ?. all of a sudden I am hearing of a new club of the columnist.
With big money spending, people need to be clear.. We always operate in a cloudy mode, and then forms groups after they have stolen money in trying to figure out what happened.
The only columnist I see supporting Olint was Mark Wignall, but he said he does not invest.
What is the name of the columnist club, and what rate was he promising ?
jcan said
#1098 Columnnist OLINT’s members are ok from what source I got info from…OLINT is known and investors aware of “O’s” gains.. The unknown group of “traders” that is the origiinal Columnist arm that investors dont know gains and will not be told who the real “PIG” for this arm is..this is the side that is affected!
The bottom line, there is a “RUN” on the club because of greed. CRAPING about ‘protecting investors interest with 5% and 4.2% when the real PIG is putting out more that he could comfortable post another 5%’..now investors said, well, I do not care for your 4.2% and so the EXODUS escalated…all of a sudden DD/auditing/conservative trader now falsifying documents/gains…something must be said….The run cannot take place….hence the so call 3 months with threat to commit a crime by subtractiing from accounts posted!
Remember that investors now can have own account with the “O” ..no need for the Columnist that side…The promise of the gains up to 22% based on the performance of the real PIG for the Columnist arm that posted up to 42% last year now trading cautiously due to volatility in the fx market…posting an average of 18% for 2008…
So with this exodus, the Columnist’s club will not be around for much longer and they know it!!!!!!!!!!!!So they clamp down and is now not only rensing the money now currently in the club but wringing it so hard that they are now planning to commit white collar crime and go back in money posted on paper on the website if they cannot wring enough out by September…
Trusting what happen to the ‘Prayer breakfast bread of life club that this columnist was a part of ‘ will not happen again
Leaving Babylon said
Sorry guys, I’ve been swamped. Thanks RedP, you’ll have fun and it does work. Yeah where is MercV?
More Time!
DG said
Regarding Rove Capital
Two things that I’m not really sure about:
The contact number is the same for Hong Kong and Canada. Seems a bit weird to me. On top of that, I did a search online and apparently, that’s the wrong number of digits for a hong kong toll free number. Apparently.
The next thing that strikes me is that the deadline before the entry amount changes is June 31st. (Look at the News Section for May 15)June has 30 days still. It makes me question validity and integrity if someone can get that wrong on a web site. Ok, simple mistake? Reminds me of Carlos and his September 31 Account Statement. I wouldn’t want such mistakes with my money still! Just a simple mistake? So what happen? No proof-readers?
There’s no GloucHester road in wanchai, hong kong – there is a glouCester road though.
unreal_investor said
“Their excuse was that a trader was embezzling funds and overstating the rates”, that just doesn’t make any sense. K, there are thieves in every organization, right down to the FID and the Banks and these organizations have the tightest checks and balances. “French bank blames trader for $7 billion fraud”
http://www.msnbc.msn.com/id/22818054/
RedP said
Merc V, StillOnTheBus, Weh oonu deh?? Yuh hop off??
RedP
RedP said
Patricia, Leaving Bab, check your mail.
Peace
RedP
K said
Curves,
what a bunch of crock!
somebody please hand me the yellow flag of BS.
Also UWIN is linked to O as clearly stated on their website, so is this trader apart of the O family? and the cloud of controversy continues. If I were a manager, owner or president of any of these operations I doubt I could function in this manner, my productivity would be so low it would be embarrassing.
When you read crap like all this it makes you feel FSC and the bankers have a valid point and gives credence to their call of transparency. To me, risky does not mean shady and all of these outfits have gone into the shady abyss.
Curves said
K.
I agree with you. I requested closure to my acount from UWIN on Monday and Yesterday I received a call saying that they will not be making payments until September. This is real BS. What is really going on? I’d love if someone spill the beans. Their excuse was that a trader was embezzling funds and overstating the rates so they will now have to do DD . According to the rep they can’t guarantee the amount of money in our accounts come September. I will slap a law suit on all these clubs if I have to b/c this is purely miss-management of investors money.
Now MD is really taking ppl for fool. Someone please call them for me and let them know that is not everyone is a christian (Atheist)and some ppl can be offended when they send emails with the quotes. I thought Management was suppose to know these things! All they are doing is using the quotes to play on our psyche.
This is the email from MD.
Trust in the Lord and lean not unto thine own understanding. But in all thy ways acknowledge him and he will direct thy path.”
Greetings Dear Partner,
Current Situation
Firstly, we must say we have received your various feedbacks on the closure. It was indeed a difficult decision for us, but, all things considered, we do believe it is the right one.
We have been saddened by this action far more than you can imagine, as we had a vision of empowering the ordinary man to pursue his dreams and, by so doing, building Jamaica from the bottom up. Building a Jamaica where, for once, we would be charting our own destiny. This, for now, remains only a dream and we are indeed saddened.
HANDLING PAYOUTS
There seems to have been some misunderstanding of the cycle allocations: this, we now seek to clarify. Each and every member is assigned to a cycle. This is so whether not the account is being closed. Any payment at all that a member is to get will only be done in that assigned cycle.
We indicated that we would have started updating the accounts in another two weeks, not completed the update. This process is now in progress and accounts are being updated. This is being done in cycles so the earliest cycles are updated first. We expect, too, that all accounts will be updated before the end of this month.
Once your account has been updated, on logging into your account, regardless of the status, you will see your designated cycle and the month end when that payout commences.
We assure you, too, that persons in cycle A are being paid. Despite what some of you may think you know, this club is quite large. We have prided ourselves on privacy and confidentiality – qualities we will always uphold.
Due Dilligence
As we are currently in the closeout phase, additional documentation will not be accepted.
Accounts for which documentation were submitted within the required period, but were previously not updated, are being updated now and this will be reflected on these accounts before the end of the month.
ONGOING RE-STRUCTURING
Gains Allocation
Further to the introduction of payout cycles, we are also adjusting the periods for the allocation of gains. Gains will now be credited to accounts on a quarterly basis.
Staffing and Personnel
As part of our on-going restructuring, we will be introducing a new Operations Team. We must take the opportunity to thank the present Director and her team for their most invaluable contribution. They have supported us well under extreme pressure and very trying circumstances, and to them, we say a most hearty and heartfelt “thank you” for a job well done. We wish them all well in their future endeavours.
Our Customer Service providers will remain in place until further notice, so there should not be any noticeable difference in that interface with you.
The new team will be introduced to you at the end of this handover phase.
Thank You
We thank you for your prayers, words of comfort and support during our time of bereavement. Thank you very much and we continue to rely solely on the Lord Jesus to carry us through.
(2 Corinthians 9 :6)
Remember this: The farmer who plants a few seeds will have a very small harvest. But the farmer who plants because he has received God’s blessings will receive a harvest of God’s blessings in return.
God bless you all,
Your Management Team
Geotrdr said
1077
Dundee are your refering to the strategy the strategy you posted in 952?
unreal_investor said
Rove Capital is transparent and offering more than 12% p.a. Rove boasts 307.90% since inception. I wander what all those detractors have to say now. The were so adamant that anything over 12% p.a. was ridiculous.
nash said
Jcan, can you email me at lilnashjon_ at hotmail dot com
just want to exchange some ideas
thanks
Chick a Dee said
I too am trying to fingd out what cycle I am at at MD. whether it is bicycle or tricycle. That Communigram last night reminds me of when Alan Greenspan use to comment on economic matters. After reading his comments you had to scratch your head, as you could make no sense of his utterances….. deliberately vague. This is the same thing here. I too found the comment about the new management team very curious. For an outfit that prided itself on being so elusive and secretive, now why are we hearing about new team. Something not right. Anyway, we just have to hold with our bible and hope for a miracle. Like Barack Obama would say… cling to our religion, not guns.
forex rookie said
got into rove last week….wow love it very transparent can see everything …no bs and you can use paypal to draw money or deposit …….”you mean I dont have to wait for a court oreder give a sample of blood and wait a year for my money” what kind of a company is this>>>>lol get into rove……
AR said
Can anyone tell me how long it takes to transfer funds from one “O” account to another. I opened an account and the person I was with transferred the funds to my account last Friday (10th)… as of today it has not registered in my account, yet he has an electornic receipt saying funds have been removed from his account…..
Thanks.
K said
man o man. again I find it all too coincidental how all these schemes are undergoing similar DD and audits and what not all of a sudden. O claims to be over but I still believe they are having issues because friends of mine who had early January requests are yet to receive their funds.
sad to say Jamaica has always been piss poor on customer service and this still shines through in all these schemes. one would think with all the money they are making they would implement at least a world-class customer service so if at least if the ship is sinking you would never suspect it.
It’s time these clubs take some real accountability as they are managing large funds. I disagree when people say it’s risky. Risky does not amount to being shady. Stock market trading is risky, do you see Scottstrade being shady.
Even though C.Hill appear to now have been a con-man at least he was visible and public to an extent. These others folks are just too in the shadow. If you wanted to stay in the shadow then MD, WW for e.g. should never have been so public.
Shame on the whole lot of them! I hope they follow this blog
Jcan said
That’s so unfortunate that the columnist did not even scribble 2 words of enlightenment/encouragement/motivation on the web about this 3 months of DD/Auditing whilst ALL FUNDS are held HOSTAGE for the next 3 months
Voice of Reason, call your inside source and get the real reason cause I for one NOT buying reason given:)
Jcan said
Nash, unfortuately the source I got it from is truthful. Was there a potential run on the Columnist because of the 4.2%? Strange how ALL use the same phraseology and doing DD/shut door without warning for 3 months!
“Voice of reason” posted the other day regarding the columnist revisiting the 4.2%! Was not expecting that this revisit would call for 3 months of auditing:)
Voice-Of-Reason said
J’CAN
I’ve been really out of the loop for a couple of weeks . . . real hectic schedule. But let me know what you’ve heard and I’ll press my little connection and see if I can verify or disprove. Drop me a line at: abba at nym dot hush dot com
Rich Kid said
We just have to pray that those MD thieves are really not thieves. The communigram really looks suspect. What I would really like to know is why are they introducing us to new operations team???????????? Were we introduced to the old one???????????????? That club going on from when and when they are closing most of the accounts – they want to introduce us to their team??????????? I smell a rat
Fedup said
Waiting in the wings @1070 You have left us in the dark re the communigram from MD. What’s your take on this whole fiasco? Who is Antonette? Come on speak up…. Mi read the darn communigram mi self and I can’t understand why all of a sudden somebody leaving? Question is, who is it? What….the kitchen get too hot. It just not right for them to be closing shop and restructuring at the same time. Just don’t mek no sense. If it is IL leaving that worse no mek no sense at all, as she is the main trader. They better live up to them promise and come good by month end. Cause we won’t stand for no new management team that we never give we money to. So, if is so, long run short ketch! That is the warning.
nash said
Jcan, heard the same thing. Hoping it’s not true.
Have a full basket with him
Jcan said
VOICE OF REASON:
What is going on with the Columnist? Got some terrible news:)
DR said
ok let me buss the secret….
From the looks of things MD should be ok by the end of July 2008.
YES, I said that..another six weeks!
But anyway, if they keep their promise we should get all of the blooms by the end of November. Remeber Plants tend to bloom in cycles…..ha ha ha a
DR said
MyDears,
I believe based on my “little birdie” that Sis I. will come through…I am very hopeful….If my friend was not consoling me, I would have been upset with the Daises but he has “inside” information….and say’s I am not to worry….Everything will be alright (eventually).
I remain ‘positive’: We shall overcome!
John said
Some udpate on my fx accounts !
I’m invested in both of these companies right now, I am very happy with the way Rove has been trading this month, nothing spectacular but the account is up about 4-5% since the start of this month. Regarding Managedforexpro both my accounts with them are in draw down, one of them 16% and one of them 5%, I hope they can recover this soon since they were doing decent before. Most managers that I have been keeping track of this month are in the red, so the small 5% from Rove Capital is definately appreciated so far, hope they can keep up the steady gains.
J. Sonachansingh
Floridian said
Floridian here… This is my week for O, no funds yet… Asked my pig what a gwaan and him say that Olint a run 4-5 days behind schedule… That mean to me, all who was supposed to get pay this week, should get pay next week and all who supposed to get pay next week should get fi dem pay the week after next…
So it look to me like the promise that everybody going get pay by the end of June nah come true and it more look like everybody going get pay by the middle of July…
On a more positive note though, him say people a get pay fi sure… So mi haffi go use the following preachings from Dr. Stress now Bless to cool mi nerves and sekkle mi blood pressure.
“Patience mi patients”
UpNawt said
Waiting in The Wings @1068
Begging yuh a fayva….mi waan fi hear more bout the MD communigram and fi yu take pon it. Mi caan get nuh real news from di smaddy who a hol tings fi me. Tenk yuh.
Anthony_dundee said
Hi traders I came across a nice trading strategy and ould like to hire a MT4 programmer to write the code for my strategy can someone help with this, my email is anthonythelandman@yahoo.com
HBJ said
LOL…there is no new operations team for MD…they’ve been receiving threats and are merely making an(albeit pathetic) attempt at distancing themselves.
RedP said
Any update on O payments?? my week supposed to be coming next week. Keeping fingers and toes crossed!!
I really feel it for you guys with MD, I truly hope that they come good and give oonu back your funds. If not fiyah bun fi dem cuz God nah sleep and him no like tief!!
RedP
RedP said
Maria 1070
I had 10K CDN. with BNS and was gettine 82 cents/month interest.LOL
Massa Carke can kiss my a$$!!
No wonder dem hate Super D!!:)
RedP
maria said
oh yeah and i think this is for the year, not month.
maria said
check the rates forsavings and deposits and bear in mind this is before tax !!!
maria said
i have a joke for you guys an gals. click on this site and if a smile doesnt come on your faces then i’m a monkeys uncle. or aunty? lol.
http://www.vmbs.com/site/vmbs/rates/savings/#growth-cad
waiting in the wings said
the posting that Ingrid Lioten post is absolute rubbish another carlos hill fi true she name carla hill. I speculated that they wanted to rinse the monies more lang time but now them have we pon spin cycle.:-)
I am just waiting and hoping that i wake up from this nightmare is 5 figures mi have wid dem and a almost six figures if mi contine to add interest.but mi tap add hintress now.
The reassurance that people are in cycle A is a big lie then is salt everybody who come pon da blog ya salt so.
why she need a new staff if she a close out office. I emailed Antonette Smith and get auto generated reply. so mi figure say a she she a say tanks but no tanks to especially if she (antonette)say to har di people dem look like them want to kill me for them money so you betta try pay them cuse mi caan sleep inna piece. She prabably say to antonette mi a clear out di whole a unno wey know mi business and have dirt pon mi before unno help sink mi and bring in non discriminating newcomers who will not pose such a threat.
if i had the time i would rewrite the communigram fi uuno line by line but wid my interpretation:-)
RedP said
Yardman OnWS All the more reason why God wants us out of debt and wealthy so that we can help less fortunate ppl.
RedP said
Yardman OnWS All the more reason why God wants us out of debt and wealthy so that we can help less fortunate ppl.
PipUNIT said
Is anyone getting paid from Lewfam. The waiting is getting old. Here soon i’m pulling everying out and going to bust it up between a few other forex clubs. Those using retail brokers. None of this “we post the return crap at the end of the month” then it’s 9 days later and no return.
Yardman On Wall Street said
Anguished Letters From Americans
http://www.nytimes.com/2008/06/14/opinion/14herbert.html?_r=1&hp&oref=slogin
A working mother with two young children wrote: “Some nights we eat cereal and toast for dinner because that’s all I have.”
“By February, we ran out of wood and I burned my mother’s dining room furniture. … I’d like to order one of your flags and hang it upside down at the Capitol building. … We are certainly a country in distress.”
unreal_investor said
Bizbabe it is addictive, now you will observe your funds increase/decrease every day so there goes your good blood pressure.
Bizbabe said
I took the plunge and invested $1000 in Rove on June 11. There are two accounts – Rove 1 and Rove 2 and I put $500 in each. You can see the trades in Oanda as they take place. So far I am up $7.04 in Rove 1 and down $7.32 in Rove 2 so I have made no money so far. Also curious is that they didn’t seem to trade yesterday. Monitoring the accounts is addictive because you can see the transactions in almost real time.
RedP said
Patrica, Leaving Bab, Please check your mail.
RedP
RedP said
1054 Geotrdr,
I believe Patricia and some others had posted about Rove before. Their gains aren’t as high as the local clubs but their transparency seems to be excellent. You can check out past performance on the barclays hedge sight. They are having a special for June, 1K US to open an account, normally its 10K. Definitely considering jumping in.
RedP
Geotrdr said
GetRich,
I’m not in MD so I do not have first hand knowledge of what members are going through. You ask why the the payment schedule is the way it is. From the surface it looks to be one of two things.
1) There is no money.
2) They want to use your money to make more money.
I hope it is number 2.
GetRich... said
Someone*
GetRich... said
Read the communigram. More crap as far as I am concerned. They should explain why payouts are now taking several months instead of 5-7 business days. If Jamaican accounts are closed why do we have to wait so long to get back our money? Isn’t it a simple process of requesting the funds from their broker and being paid in like 3 business days? Somehow correct me if I am talking nonsense.
HD said
Samuel Israel is a former hedge fund manager who defrauded clients out of 450 million dollars. In my opinion Jamaican type investment clubs are very much like Hedge Funds. Hedge Fund are somewhat regulated in the US. For example there can be no more than 100-150 investors.
Samuel Israel is just another Carlos Hill. There are a lot of Carlos Hill’s out there … who knows who will be next.
Money and misfortune can change people so be carefull, diversify, invest only what you can afford to lose, understand your risk, secure your principal, make your own decisions and don’t follow the crowd. Most importantly make sure you have control of your money, the wealthy do not have it any other way.
Just some facts….and before anyone think I am just a sceptic trying to scare people I have money in 3 investment clubs including one in Jamaica so there. However, investment clubs is not my only form of investment.
Stress now Blessed said
I have a lot to say about Maydaisy, but I lost what I wrote and I think i need to gather my thoughts and mi temper before I attempt to post it.
I know for sure those two distasteful, disrespectful, don’t have no manners Maydaisy gal dem read this blog, so I have a letter for both of them since I can’t curse at them in the communigram that is always full of what Drivah call TASTELESS CLUTTER!
when I cool off I will write unuh.
Positive said
Read the MD communigram. DR, As you said “we shall overcome”.
I have no doubt that credible news is posted on this blog! I must say even after i receive my encashments, I will still continue to read this blog. Big up! Kevin (Driva)for a job well done.
Now, with regards to the communigram, most of what is being said, I already knew from the information i gathered. I must say though, i can’t seem to agree with the quarterly updating of gains, if accounts are being closed out. What if your cycle is before the end of a quarter? I need to get clarification from MD. Also, what’s with the restructuring?? Who is leaving and why? Will we really be introduced to the new team…. from a club that prides themselves on privacy and confidentiality. Would love to get some other views from fellow MD members with vested interest as well.
Bless.
Geotrdr said
wow Vela you read my mind! Thaks for the info.
Geotrdr said
I think the investment club run is over pretty much over in Jamaica. Before anybody jump on me about fighting out DS , Olint, etc, I am not bad mouthing or being negative about fx trading, fx traders or investment clubs.
The clubs as most of us know are fighting a losing battle. The banks have beat them and it will not be long before the govt comes knocking in some form or the other. If the club is based in JA it salt up now, if it has bank accounts in Ja it salt up now. To make matters worse there is the patty shop management style. The clubs that removes themselves from Jamaica, improves customer service and streamlines payments will survive. I think that only one of the clubs will actually do this. Investors who have their earnings routed to other select countries will also be better off. This is just my two cents and means absolutely nothing
With that said we should start talking more about other fx trading outfits. Rove Capital was mentioned as was Managed Forex Pro. Has anybody take the leap yet? Does anyone have any leads on other fx traders?
PipUNIT said
I say we pull all our money from Lewfam and go with Rove Capital(http://www.rovecapital.com/home.html) and Managed Forex Pro (http://managedforexpro.com/index.html)
VelaInvest said
DD on Rove Capital:
Pros:
Customer service is pretty good I called them several times always pick up and have no problem answering any of my questions. Their online customer service is great and they answered my emails too.)
Risk management slow and steady with about 1 to 5 trades a day they keep them short and close out trades at the end of the day.
Traders When I spoke to Oliver (customer service) He told me that they have two traders, Victor Tam and Arthur Lee
Broker Oanda Don’t know too much about them. But when I did my research pros and cons come out to be 70/30 for the pros. So I asked a friend of mine who is the VP with Provisus Wealth Management http://www.provisus.ca/ (helping a friend out LOL) and he said they are about average when it comes to forex brokers and they have grown a lot in the last couple of years also they are backed by JPMorgan which is a plus.
The Address is a real physical and you can visit their office by appointment only BUT nothing links that address to Rove Capital (so most likely they just move there)
Con:
NOT Regulated or registered with anyone. They said that they are in the process but they couldn’t say how long it would take.
They are proud of there Barclay Hedge ranking (also a part of JPMorgan) but I found that the name is different on the BH site it shows as Rove FX Capital instead of Rove Capital and when I posed the question to them they could not tell me why and said they would look in to it.
Traders I couldn’t find anything on them positive or negative.
If anyone else did any DD please let me know Thanks.
Positive said
YES, DR @ 1047:
You were right on the bat with MD!! they have in deed posted a new COMMUNIGRAM!! PLEASE CHECK FOR FURTHER DETAILS!!
twofi said
MD communigram is available. Log on to your accounts
DoItUrSelf said
Has MD updated all accounts with their cycles now? If so, where should we find this information?
Get Rich... said
Ok…more BS excuses on the way.
DR said
a little birdie told me that MD should be making a statement before the end of this week….I am not at liberty to day who…but let’s see what they will say
d_silver_lining said
Jimmy is correct…payments began later than they stated…i think 3-4 days. So it may push back each encashment period a week…but this has not ‘officially’ been stated.
I heard this over the weekend from an ‘internal source’ something to do with wire transfer of large funds, so they have to send in smaller amounts. They’re trying to smooth this out with and get things back on track as promised…but we just have to wait and see.
trigga said
#1036 called Lewfam on Monday and they said they are waiting on funds from Mr.Smith
been waiting since March.
d_silver_lining said
Hi guy’s….My week is next week!!
Leaving Babylon said
Floridan – Just remember that your cycle starts this week, but depending upon where you last made an encashment request in February may still place you towards the end of the month. For me I had one request in early February and then a larger one in late February, so that may mean that I’m looking at the 26th. However, I’m concerned about Jimmy’s post #1032.
Jimmy – Can you contribute any additional information?
Bless said
Pei
Please email me at myjamgirlb@yahoo.com
danews said
@ RedP.
Opinions may differ, I did not say no news is given here, I said basically no new news is given here for a while. As a result people rehash the same convo.
We are all in waiting mode… and we ask each other what they hear.. and go off in the same song and dance on whether they are Ponzi or real.
Floridian said
Floridian here, just checking in… In case unnu think say me is one ah di nyam and scram people dem that get mi pay and gone.
This is my week for O (according to the schedule)… Nothing yet, but will let you know when I get mine… I too will continue to read this blog because I’ve learned a lot since I jumped on the bus back in early April.
As to the Gleaner article this morning by that bredda calling the forex traders frauds… No doubt some of them are, but when me read what him was saying, claiming he is some financial expert, him not even know the difference between Pyramid and Ponzi and from me see that, mi know him was a fraud himself.
Remember that the basic premise for both these schemes, is taking from Peter to pay Paul but with this minor difference:-
Pyramid – Get people to join and I will pay you a commission for each of those people that you bring in.
Ponzi – Get people to join and I will say to myself, “Thank You, you friggin idiot… Before you ask me to give you a ting for bringing in dem fool yah, you bring them in for free.”
Lots Ofmoney said
Kevin…ditto to RedP’s sentiments, even though at times we go off topic, none the less, the info gathered here at times is quicker than the actual news….and as we know, if it nu go su, it neally gu su!!
…..you really are a fair moderator and have kept the blog clean….I for one enjoy hearing not both sides of the story, but the in between as well….and use my own experience and knowledge to sift through the noise and make my own decisions……
In regards to O…I know personally of somebody receiving already from last week….and rumours of a lot more….as for this week, I am expecting my own….as soon as I receive it, I will post….I have been waiting patiently for almost 6 months…..as I said before my consolation is that I’ve almost doubled again!!! Booooyaaah…..
Kevin said
RedP you are welcome.
So what is the real deal? Have O members been getting paid on schedule or not? I have not seen many affirmative responses. Can any of the closely connected posters shed any light on this? D_Silver Lining, Floridian, Lots of Money, Leaving Babylon???
Folks please remember to use the Talk General page, and for that matter, the other pages as well for posting relevant comments/articles.
RedP said
1034 Danews, speak for yourself, ppl post pertinent info here almost on a daily basis concerning investment and I for one am highly appreciative of the ppl who do so because I stand far more educated than I was two months ago.
Ppl like patricia, Leaving bab, yardman,et al, even jay when he wasnt on his high horse, have all contributed immensely sharing their knowledge of financial matters. I think that you are mistaken to say that there is no news on this blog. Info is posted here that may not pertain to the clubs sometimes but to me some of that info has been invaluable.
So even if dollars start to run I for one will still check this blog on a daily basis.
Kevin, thankyou very much for invest4life!!
RedP
Bizbabe said
Called Lewfam today for status on my encashment. Was told Lewfam still waiting on funds from trader ( I assume O) to pay investors. This is the same excuse given two weeks ago. Has anyone received funds from Lewfam since June 1?
danews said
There is really no news on this blog for the longest while.
what we do is speculate until we get our money or the scheme crashes.
if we get our money and all is well, we move from the blog back to what we were doing before.
if we do not, we continue to speculate and ask each other what we hear
unreal_investor said
Danews, you ask questions first then make your decision, not the reverse. RedP, yup, its all been argued to death…
danews said
because I like the 10 % per month..
but that does not mean that I cannot question what is really going on when I am not getting it, or that I basically want to pull out my money now.
jimmy said
leaving bab #995
forget Feb, I hear most people from Jan are still waiting for a cheque despite the deadline been and gone
RedP said
You guys are rehashing stuff that’s been hashed a million times already!! Bicker all you want, I doubt you’ll see any changes.
unreal_investor said
Geotrdr, you couldn’t say it any clearer than that. Danews “we are jittery when our money are late, and are tired of the cock and bull stories…”, so why you never ask for audited financials before you went in? From they said nope you not seeing it, you should have said, well, I will take back my money to the bank…
danews said
they do not have to provide audited returns…but if they did, it would prove that they are viable.
we are jittery when our money are late, and are tired of the cock and bull stories… yet we do not want them audited
We are perhaps wanting our cake and eat it too..
perhaps the key thing that will cross people minds is that, how do we know that you trade it… what if you are buying extra time to hustle up the money, when people get jittery ?.
How many of us really believe in excessive due diligence and not getting computer software to keep proper accounts.
Geotrdr said
I think people are beating a dead horse by asking for audited reports. Its NOT going to happen. Transparencey is not in the nature of the investment clubs. U give me money, I trade it and give you above average returns. Dont ask me how much I made in the month vs how much I paid out in returns. Don’t ask me what I traded, look just don’t ask me anything. Take your returns when I give them to you and be thankful. With reports the clubs can’t shift money around to keep the members happy…..they can also hide how much they are really making off your money.
If you want transparency open a manage account. I believe some people were talking about rove capital earlier.
unreal_investor said
Danews, private clubs/organizations do not have to provide financial statements, no matter who is requesting it. What makes the people requesting it so important that it must be shown?
danews said
Why has no one taken up the challenge and show audited reposts that shows the consistent 10 % return ?
Why has even the great Olint audited returns is so dismal ?
K said
Unreal_investor, I thought the letter was poorly written in fact. He did not disclose if he ever traded any markets. The fact that he’s traveled to a few places in the world means nothing without some substantive proof behind his claims. I would feel much better when these “experts” attempt to meet with the principals of these schemes and ask the relevant questions to ascertain if they are real or not. But to make blanket statements and have no operational insight can be misleading.
unreal_investor said
Danews, anything is possible… Just like its possible that all the detractors have a (bad-mind) agenda.
Although I do agree that the clubs should treat their members much better than they do irrespective of the ‘nyam and scram’ members.
danews said
Actually the facts are more on the side of the formal sector. no scheme anywhere has ever provided audited statements that they make what they claim they make .
Most people here feel that Olint is cooking the books depending on how jittery the people are.
I believe the 16 percent was cooking the book. look at how Olint AUDITED financial in TCI is vastly different from, his Jamaican returns.
I think that most people just want to ride the wave a make as much money as possible before it crashes.
Curves said
These clubs/schemes have taken us for a ride. In the beginning they had true intentions however, greed has taken over which had led to miss management of funds, slip-ups and portrays an unethical demeanor. I have been doing much thinking and have realized that companies like WW, MD, etc have these qualities since they are unable to make the payments. Since the dilemma with Cash Plus, they now want to set things straight to prevent FSC from interfering. In order to do this they have decided to cease payments and continue trading to make back the money for payouts. This is evident by this so-called pay range they have set up.
Be very careful where you invest your money. It’s better to earn between 3-5% consistently than be pulled in for another haul.
That’s just my intuition.
Overchill said
And with a smirk, he says he would like to see the return of the Cuban lightbulb project. Is this guy for real? Does he have shares in these lightbulbs? Or does he make money from them in other ways?
unreal_investor said
* claims
unreal_investor said
K, you got to be joking if you thing people going take that guy serious. He needs to publish his credentials and the references to prove he has all the experience he gloats about. As the detractors like to say, “show me the proof”. You cant come and make blanket statements like “These guys are frauds” and not show proof. That guy and his statements are a joke. For someone his age, he really does not show the aptitude to be doing all what he claimes to have done.
K said
Guys like these make you wonder.
h**p://jamaica-gleaner.com/gleaner/20080617/letters/letters2.html
DR said
Positive,
Thanks for sharing…..At least I am feeling that “hope” is still alive… I really was planning to give the daises until the end of June before I start asking major questions.
I hope and believe that Sis I and Sis D are doing their best to clear their names, however I HATE the amount of apologies…. Set targets that you can meet, stop saying that you are going to do this and that and then, you come back to apologize and then find a way to say it’s not YOUR fault.
Jamaicans don’t like that.
BTW, the person who will have to wait until cycle J, should continue to get interest UNTIL they are paid.
Tell me something, which cycle is “The Wise” in? IF WW is saying that their clients will have to wait two months, are they in Cycle C or Cycle D?
I have alot of money in The Garden and I would like to collect every cent in July. Miracles still happen.
We shall overcome!
Patricia said
Thanks for the info Lots of Mo and also Jcan(on the ebullion & crypto card)
BN said
ALL MAYDAISY MEMBERS
We think properly organised delay taticks are being used by MD. We know more than 100 persons involved in MD with different amounts, joining different times and no one actually knows any one who got paid recently. MD has never lived up to any of their communication arrangements.We would like you to assist in any way possible. This newly formed club wants good news to all MD members we are basically about organising as much if possible all jamaican members of MD to retreive their funds.
maydaisyactiongroup@hotmail.com
Positive said
Debby @987
I too can confirm that information received from MD customer care. I got through to them on Friday and in addition to that was told that the delays were due to the fact that they had to be reviewing accounts for those persons who were only paid half the interest since the last updates. Apparently these accounts were non-compliant. I know this seems like more excuses, however, i was told they were doing their best to ensure that all members know at least by the end of the month which cycle they were in. Not taking this information as gospel I did some futher investigations using my close connections in the formal banking system and was able to find out that a couple persons recently received some funds from MD. Now, what I can’t say is what cycles, if any, these persons were in. All I was told was that yes, a few recieved funds from MD.
I too is in favour of the action being proposed, however, based on these information I would give them at least until the end of the month to see what’s in their next communigram. Not to mention, I recently spoke with someone who knew IL personally and she was able to tell me that despite the challenges we are having with the club, she could vouch for IL’s credibility and stated that no matter what she will not steal our money, as she is someone who loves to help people. I hope at the end of the day we can all say AMEN.
Just sharing the positives.
Rich Kid said
BN check the email.
Yardman On Wall Street said
Flight cuts may hurt Caribbean tourism
http://www.usatoday.com/travel/flights/2008-06-16-flight-cuts-caribbean_N.htm
Lots Ofmoney said
Hi Patricia…..I know I probably jumped the gun a bit when I mentioned the card prior to having things ironed out completely because the info I can realease is in piece meal….just that everybody was asking questions and was wondering what was going to happen when the old compass card expires….from what I know….this compass card is going to be issued out of Turks and the TCI bank……the company that has the distributorship has nothing to do with your money if it goes belly up…..they just have the licence to act as a rep for the resale of the card…..so the only DD you will have to do is confirm that the bank that represents the card is trustworthy…..and in this case TCI….by the end of the week, applications will be available and a tele # where you can call and ask all the questions…..
Jcan said
Not sure if the post will find its way to the Blog. Just saying I have used/using e-bullion for a while without problem. Friends and family in Ja have e-bullion account with the crypto card and they have no problem doing their own transactions when funds are wired to their e-buillon account. Do your own due deligence/ find out the financial institutions that accept this service and open accountsssss accordingly
Jcan said
So, I must be kicked off the bus stop. Trying to post another alternative way of transferring funds/wire funds via e-bullion and the post just went into thin air:)
Jcan said
http://www.e-bullion.com/
Jcan said
Regarding access to funds without a ‘foreign bank account’ many persons I know have been using e-bullion to receive wire transfers and then transfer the $ to Ja bank ‘accountssss’, so far without problem. Yes, it is not a mistake with those added “s’…As the blogger would say, “think and check”
If expecting large sum it is recommended to get the crypto card. This option is very easy to work with….Just thought I would put this option for comments/due deligence.
I have been using it for a while without problem
http://www.e-bullion.com/
Paige said
#991
WW has a bunch of unprofessional idiots working for them and that is the problem.
Robert Collins is a f!!ker if I’ve ever seen one and he is not to be trusted. Go up to WW and run into this f$$ker and see how he treats you. And he is the voice and face of Worldwise speaking out to the masses supposedly to alleviate panic. He’s nothing but a pompous jerk and some one needs to shot him another box like the box him get di other day.
Patricia said
Lots of Mo, just asking, how much due diligence have you done on this outfit. Somewhere in my memory bank I recall a link with the principal(s) and a prior card called Everestcard, which was, I think, a prepaid debit card as well. It went south, and folks were left in the cold not able to recover funds still on their card….hhhhmmm, just wondering.
Lots Ofmoney said
On a different note….I watched Tiger Woods put on the most amazing display of golf over the weekend and sank an awsome putt to tie yesterday…today they played 18 holes again…and would you believe it, he came from behind again and tied it up on the 18th hole….and like a true champion, put away Roco in a final hole playoff….truly amazing…..and doing this after a 10 week layoff from knee surgury…..he makes what a boring game to most come so alive….awesome
danews said
What is the action plan against the schemes when you think you have been fleeced ?.
the cycle seems to be repeating itself. when Higgins Warner disappeared, people supported, then said to form groups .. then nothing happened.
Same thing with Cash Plus.. but in this case, there are two many suits and counter suits for one to keep track of.
BN said
MAYDAISY MEMBERS
TIRED OF SITTING AROUND AND TAKING CRAP.
THIS IS OUR OPPERTUNITY TO TAKE LEGAL ACTION WHILE WE CAN FIND IL AND DM AND THE OTHER SECRETARIES WHO TOOK OUR MONEY.
EMAIL THE GROUP NOW
maydaisyactiongroup@hotmail.com
waiting in the wings said
Im all for suing ingrid and her cronies so count me in. Dont want no long talking just action aand as far as me see she is into bulls—ing her way through with no cycle at all this is the biggest fraudster cince carlos. although me neva inna dat.
Im expecting good news from the big O this week.
Lots Ofmoney said
Wireless News 03-06-2008 TMS Corp. Inks Pact with Internet Mobile & Caribbean Network WIRELESS NEWS-March 6, 2008-TMS Corp. Inks Pact with Internet Mobile & Caribbean Network (C)2008 10Meters – http:// http://www.10meters.com TMS Corp. has signed an agreement with Internet Mobile & Caribbean Network Ltd. of Kingston, Jamaica. The affiliation will facilitate the sales of the “Compass Pre Paid Debit Card” throughout Jamaica and the Caribbean. The smsComet and eWalletPlus systems will be used for the loading and un-loading of the smsComet Value card, …
Lots Ofmoney said
test
Lots Ofmoney said
Here is a copy of a story confirming the caribbean distributorship for the cards….just saw the application forms…..the delay now is tweaking the website and to get it up and running so everything can be as clear and easy as possible for people to sign up…yes, don’t want the “patty shop” label as some of the other clubs have gotten already
Wireless News 03-06-2008 TMS Corp. Inks Pact with Internet Mobile & Caribbean Network WIRELESS NEWS-March 6, 2008-TMS Corp. Inks Pact with Internet Mobile & Caribbean Network (C)2008 10Meters – http:// http://www.10meters.com TMS Corp. has signed an agreement with Internet Mobile & Caribbean Network Ltd. of Kingston, Jamaica. The affiliation will facilitate the sales of the “Compass Pre Paid Debit Card” throughout Jamaica and the Caribbean. The smsComet and eWalletPlus systems will be used for the loading and un-loading of the smsComet Value card, …
http://findarticles.com/p/articles/mi_hb5558/is_200803/ai_n25317293
compasscardjam@gmail.com for more info…..
RedP said
LotsOfMoney, check your mail please.
RedP
K said
Maria….LOL LOL LOL LOL
you have gone all “Bourne Ultimatum”
Leaving Babylon said
Round 2 for Olint payments starts today. When you receive you’re February encashment deliveries – please post. Thanks.
maria said
how do i know that if i give you my name i wont see tax people at my gate next week? i think i will wait first, lol.
Lots Ofmoney said
compass card….compass card….is the answer to all the clubs having trouble dispersing their money and for people wanting access to funds….
email me your name that you want to use on the card and I will get you on the list, once everthing comes online….hopefully by the end of the day I will have more info….
compasscardjam@gmail.com
RedP said
JahBilly @ 990
I didnt quite understand that “borrowing” part either. Sounded really flimsy.
Can anyone in banking explain??
Patricia said
“Alternative investment scheme World Wise Partners Limited said it is business as usual despite the closure of its accounts by RBTT Bank Jamaica……Public Relations Consultant for World Wise Partners, Robert Collins said the company is now looking at alternative ways to pay its clients….”—Radiojamaica
What is this nonsense now in light of previous communication they had sent to their partners about overseas bank accounts.
Everybody running patty shop and dont know that patty shop is big business??!!
jahbilly said
I would like to hear comments on the reason given by RBTT for closing WW’s account. Not sure if I understand the part about
having to borrow from customer’s account. The reason seem totally absurd to me, but then I’m not all familiar with the law.
danews said
Olint has discontinued use of the Card. they did not give the reason, so it seems like the card is no longer an option
RedP said
Danews @ 986, if my understanding of the card is correct ( I may be wrong ), you can load the card from your club account and if you want to make a deposit you’d probably have to wire transfer to their foreign account. Just speculating of course as bank and finance is not my forte.
debby said
Good news on May, after tirelessly tring to reach them, I actually spoke to a young lady. She states that May is going to be sending out statements quarterly now not monthly. They are still running the cycles. And will begin starting to do encashments as cycles are completed which should be at the end of the month. I got her on the 954-628 number. We should be getting notified soon via another communigram.
danews said
@ RedP
we are looking at alternative options, as it seems like banks and Cards are no longer an option, since they have removed themselves from offering their services to the clubs.
so we have to see what is the next best
Curves said
I’m kinda sick of the laid back attitude these clubs have managing ppl’s funds. We should have suspected that WW was cooking up something when returns were not made at the end of April and I can say the same for MD. I know someone who made a request for encashement in April and he still was not paid. We’re riding in a shady boat.
RedP said
Danews and K, all the more reason for compass card!!
danews said
@ K..
Security is a must.. whether they were issuing cash or not. Also Camera’s.. although I think that is more for internal control.
The issue is not that they will rob you on the compound, but when you leave, this same argument could be said of banks and Western Union, as you are responsible for your own security when your leave.
Persons will not know if you are doing an encashment, opening an account or enquiry.. Plus security could screen all person entering by appointments. it would be a more controlled environment that a bank, so that should reduce the risk factor.
I think the most prohibitive reason is that person do not like carrying large amounts of cash around…
and for the clubs, there is also would be deviating from their core competency, and open cash leads to sticky fingers.
Constructions Companies pay out large amounts of cash to their employee’s on payday from the site. So the idea can work
Curves said
thanks GPS! Although he said so let’s see if it will pan out like that.
RedP said
978 Hi Pat, I get the feeling that this guy is on Leaching payroll.:) When you look at his background it definitely is not in finance so I kinda wonder on what authority he speaks.
RedP
PS I hope your planning to go to Algonquin this summer to catch some trout or bass!!:)
K said
danews – couple of reasons:
1. security concerns – most banks have security guards, granted whether or not they can stand up to the attackers is another matter but at least they are a visible deterrent. They also have video surveillance cameras at the banks as well. WW cannot even get their accounting in order I certainly would not trust them to physical security.
2. Stigma, I am sure a lot of people would believe the average person leaving the facility will have US$ in their possession plus maybe a little more than the average person leaves with say at NCB.
Hey that’s just my take, if they offer it that would be a good idea for those willing to take up the offer and collect their money. I personally would not go. I just feel I’d be a sitting duck.
danews said
@ K
What is the difference from pulling your money from a bank or Western Union, don’t you have the same risk factors.
Patricia said
“But foreign exchange trading is one of the most dangerous businesses for the health of the global economy and of individual national economies and has a huge moral dimension to it. It is more dangerous in its potential consequences than the drugs trade or the arms trade.” – Martin Henry- Gleaner Columnist
..so too is commodities trading, as is seen by the chaos in world’s food supplies and astronomical prices, so too crude oil/gas prices
…so too is the War in Iraq
maria said
this may be a stupid idea but couldnt some deal be worked with western union where they issue cheques in J$ to those who dont mind?
RedP said
Good Morning Ppl, hope you all had a wonderful weekend.
What do you guys think of the following article.
http://www.jamaica-gleaner.com/gleaner/20080615/cleisure/cleisure3.html
Hey LotsOfMoney, check this
http://prokatboats.biz/boats/3660-prokat-sport-fish.html
My brother went on one in Panama, 3ft chop w/high wind, said he felt like he was sitting on my verandah. That one had twin 300hp yanmar deisels. Priced about 280K.
Dont know how much for smith boat, have a friend who knows Don smith well and told me to come up for a sea trial. I told him I aint coming until I have the living goongu in my back pocket cuz I would hate to do sea trial and not be able to buy.:( I couldn’t afford a propellor right now, much less the rest of the boat.LOL I would imagine it’ll probably run about 350 – 400K
More time
RedP
K said
Danews – Jamaica isn’t a safe place…That’s inviting too much risk to your establishment. To employees and customers.
danews said
what is wrong with giving the people Cash in hand from the offices ?. Just like how Western Union gives people Cash, why can’t the schemes disperse cash directly ?.
Simplify the disbursement amout, 5 K, 10 K, 25 K, 50 K, 100 K etc, so the cashier will have these amount pre-package. people who want irregular amount will have to go thru alternative channel.
GPS said
Notice from Worldwise
• Dec 6th, 2007
From The Chairman’s Desk
Dear Partners,
As a valued business
Partner of World Wise Partners Limited it is of priority that we update you from time to time about important developments.
You of course know that World Wise Partners limited trades currency on the international Forex Market. This is how the high yield profits are generated..
As a result of the forex market being an offshore exchange we have always maintained offshore bank accounts to facilitate our various forex trading activities.
These offshore accounts can at any time be used to allow partners to fund their accounts and can be used by WorldWise to remit applicable gains to its Partners anywhere in the World.
The alleged efforts by the bankers association of Jamaica to disrupt the activities of WorldWise Partners will prove Futile.
Currently all of our Bank accounts locally remain open and properly funded. However, if in the future they are closed then we will use our other existing facilities which will cause no delays whether funding or withdrawing from accounts.
We continue to look forward to doing business with you.
Merry Christmas
Sincerely,
Noel Strachan
Chairman
WorldWise Partners Limited
Curves said
So what now with WW since the bank is closing their account! They must have seen this happening down the road and should have had plan B in place. Any thoughts?
BN said
MAYDAISY MEMBERS – IMPORTANT NOTICE
We have formed group to take legal action against MD (IL,MD)and all the other names involved in the club.
INTERESTED
Please email
maydaisyactiongroup@hotmail.com
DH said
Thanks!! Leaving Babylon
Leaving Babylon said
DH – This outfit shops traders, works out IB fee arrangements, and then hopes to land you as a client whereby they will pass you along to the traders, which will be a managed account. There’s nothing shady here, but I would advise you that some information can be misleading if you don’t know the right questions to ask. I was going down a path of working with the party behind this site and a number of other similar sites. I can tell you that their activity is all legal, however they are not prepared for the coming law changes in the US and many of these advertising feeder sites are going to have to be shut down simply because the manner in which they feed to brokers, which requires the brokers to supervise the IB (introducing brokers). So in short you’ll run into misleading sales speak and you are not likely to get the same deal on fees as going to the traders directly.
VelaInvest said
Here is list of Managed Forex accounts that go through the broker Oanda: http://www.geocities.com/micah1j/
DH said
Anybody check out these guys http://www.ManagedCurrencies.info
cash said
guess all the A bicycles have ridden off in the sunset …..b bicycles are at the starting gates. no bicycles been assigned to me yet has anyone here gotten a bicycle or know of any cause i sure dont.i can assure you that we are all gonna get a f… bicycle if any at all
Jcan said
Voice of Reason
Maybe the Columnist is afraid investors will not use the end to sit on and do nothing….but will use the other end to “think and check” as another blogger would say….or, did he get the feed back that investors will be calling on Monday?:):):):)LOL
Anthony_dundee said
Hi any traders in the room, here is a strategy you can try I will do so on demo, please feel free to post WINNING STRATEGIES.
http://forexfactory.com/showthread.php?t=11937
EMAIL ME ALTHOUGH I WILL POST MY RESULTS
anthonythelandman@yahoo.com
Leaving Babylon said
VOR – Please reserve the use of all caps for when you’re SCREAMING!!! If you would like to find where you left off on the site just go to http://en.gravatar.com/ and load an image. Thanks
Voice-Of-Reason said
I HEAR THE COLUMNIST MIGHT BE REVIEWING THE 4.2%. IT MAY BE ADJUSTED . . . HOPEFULLY UPWARDS. PRETTY SURE IT WON’T PASS 5%. BUT, HANG ON FOLKS, SEEMS THE TRADERS ARE ALL GOING THROUGH SOME TURBULENCE. HOPEFULLY BETTER DAYS ARE AHEAD.
Jcan said
To all fathers, have a wonderful day….and I know you all will join me in saying, we are fathers 365 days and 366 days in a leap year
Jcan said
VHappi, I went back and read all the Columnist ” 5 Master Keys to Success” – well penned inspirational articles:)
http://www.jamaica-gleaner.com/gleaner/20080521/news/news6.html
http://www.jamaica-gleaner.com/gleaner/20080528/news/news4.html
http://www.jamaica-gleaner.com/gleaner/20080604/news/news9.html
V Happi said
Post954 Jcan
“That Gleaner COLUMNIST is really a good inspirational motivator”
I agree.
oneLuv
V Happi
Leaving Babylon said
Check your e-mail K
Great article, my friend and I were just saying this exact line this past week, “Life is a curious amalgam of bitter and sweet…” Mos Def.
More Time!
InForTheLongHaul said
V Happi 952
Thanks for link. True words spoken there. From time I said I was going to stick it out and all the negative posts and scaremongering, speculation etc about O has not shifted my resolute. I put in what I could afford to risk and am patiently waiting until the time to reap the rewards. In the meantime, life goes on so mi a mek sure sey di day job continues to get mi attention.
Walk good
IFTLH
debby said
what’s going on with May? Does anyone even get through on the phonelines? I’ve tried tirelessly.
Jcan said
V Happi 952
That Gleaner COLUMNIST is really a good inspirational motivator:)
K said
Leaving Babylon drop me an email at cbthut at hotmail dot com
-cool
V Happi said
Good to see you back InForTheLongHaul . The road has been very rocky these last few weeks/months. But mi Gran madda say…the race is not for the swift but for those who endure to the end.
There was a very positive article by a Gleaner columnist this week which has helped me to refocus….It is about Persistence and Perseverance.
Inspirational writer Dr Richard Kimbro says, “Without [persistence], you can never fully enjoy riches of any kind “ Thought I would share.
http://www.jamaica-gleaner.com/gleaner/20080611/lead/lead10.html
oneLuv
V Happi
Anthony_dundee said
Ok PPl I am a progressive thinker I have 4 managed accts but I want to learn this trading thing so I go and look for some simeple strategy that I can follow, anyway I will post the strategy here if they allow and will post my results: I will post my email and look forward to ppl trying it out (demo acct of course and give some feedback)I will label each strategy so we can keep track. If yu have a strategy that seems fruitful please post. WE CAN ALL BENEFIT!
Taken from:
http://forexfactory.com/showthread.php?t=11937
Strategy 1
OK. I have decided to start a new thread and preview a weekly system that I use which has proven to be more profitable than the trending system. There are many similar systems at this website but I strive for simplicity. The system is again very simple.
Create a weekly chart. Place trades 50 PIPS above or below the close for the previous week. Use a fixed 30 PIP stop. No profit targets. Let the trade run for the entire week and close during the final 30 minutes of the market for the week. The great feature of this system is that more often than not the weekly trend will establish itself and stay in tact from the Monday or Tuesday of the trading session for that week.
GBP/USD Example:
Previous weekly close: 1.9597
Buy: 1.9647
Sell: 1.9547
The following rule is a bit different than most trading systems of this style:
If the “Buy” is executed, move the sell up to the previous weeks close (1.9597 in this case)
If the “Sell” is executed, move the buy down to the previous weeks close (in this case likewise 1.9597)
These two rules permit a more robust and agressive entry after losing trades.
Recommend volatile markets (USD/CHF, GPB/USD, etc.)
Here is the current trade that I am in using the GPB/USD:
Short 1.9597 after a 30 PIP loss on the “Buy” trade.
Use fixed 30 PIP stops.
This system averages approximately 150 pips per week in the GBP/USD market without any intervention. I am a big believer that most people over trade the market. This system will minimize your trades by its very nature.
Happy Trading.
Tkimble
V Happi said
Dream on RedP. You might just get your wish.
oneLuv
V happi
InForTheLongHaul said
Red P 861
Mi still out here. First time this week I checking the blog. Work keeping me busy. New project. Still ‘in for the long haul’ with O. Holding mi corner tight and giving thanks for mi 5.44% May gain. No complaining.
Lots Ofmoney said
RedP….braap…braap!!!!!!…me likey…..Smith boat is awsome….and as you said, love the fact that it has low drift….and most definitely the speed….was trying to get to look at the videos from the site but were very dark….dare I ask…is how much fi one a dem??????
Overchill, your boat is nice too….but a little too modern for me…it almost looks like a brinks truck you know…really boxy….what the heck…why not get both!!!
….later guys and gals…..and to you fathers out there….Happy Fathers Day tomorrow….
InDeRiver said
I feel like I am standing on the pier seeing the steam from the stack of the SSdsx10 saying wow I missed the boat…. but here comes a ferry the Otcix<6 ready to travel in the wake,it will be a rough ride but we may catch that cruise liner albeit next year or so…
RedP said
Bwoy mi nah tell no lie, If I had really strong money, i’m talking the real live goongu, not only would I help ppl but trust me, I would have ALL the toys!!:)
Evo 10, criss boat, pimped out tundra, one denali for cruising, helicopter, and if I feel like just fi cool out at a world class fishing lodge everything woulda nice!!:)
Everytime I drive past HiPro at whitemarl and look on di pretty boat and jet ski mi mouth water.
Mi haffi slap misself and say, “One day RedP, one day!! C’mon Super D, pump up the volume, kick it up a notch!! Mi a get old!!”
Oh how strength of cash is an amazing thing!!
V Happi said
Post 945
You are on top a tings..man. Just waiting on my Daisies…
InDeRiver said
when you guys get your lintels & boats order soome art from here http://www.guyharveyart.com/shopsite_sc/store/html/prints.shtml
RedP said
943 That boat would make me V happy!!:)
V Happi said
Checkout the Diving.
http://smithboats.com/dive.html
oneLuv
V Happi
RedP said
941: Yuh nah lie DH,nuff a dat a gwaan down here. The guy I buy shrimps from in Old Harbour was held up at sea, he was told to chuck off or die. Is a good thing he could swim good cuz de pirate dem gawn wid boat, engine, everything.
Is nuff time that the packer boat dem weh supply pedro cays get held up at sea cuz they carry nuff cash when they coming back to port.
The Coastline is so vast there is no way to police it properly. As usual it takes strength of cash which unfortunately our govt dont have.:(
RedP
DH said
Speed is important where you running from the pirates
RedP said
939 OC Mad!! Yuh bettah name matalon, stewart,blades or issa if you want one of those!!:)
Still prefer my pick though, shallow draft, 500 mile range, 1″ thick kevlar hull, more versatile for fish/dive/cruise and its got kick ass speed!!:)
Overchill said
RedP, I always liked the looks of these
http://www.wally.com
RedP said
913 LotsOfMoney, looks like you and I share an interest. I need Super Dave to start giving 40%/month so I can buy whats on this website!!:) http://smithboats.com/
Also, please email me cjb at cwjamaica dot com , I have a question about marketing.
927 Leaving Babylon, You are quite correct. No Jesus, No peace. Know Jesus, Know peace.
More Time,
RedP
DR said
well well did it have to come to this:
I wonder who is next….Think & Check
http://www.radiojamaica.com/content/view/9016/26/
paul h said
K, 901.. you are sounding like Jay.Anyway managing a large fund is not high school maths.Hypo…. its best to err on the side of caution. The more one has(money) the less risks he takes.Someone with $5000.00 will be up all the time jumping in and out making hits and taking misses ,someone managing $1m or more will be more cautious and steady.Depending on your obligations you can set your goals and choose your risk tolerance and DS is getting more and more risk averse ..can we blame him.Another thing some traders duplicate the trades with their own money @ a higher ratio so the gains on similar trades can be 5% for the club but 30% for the individual.