I am going to assume that, since some people have requested that the following topics be covered, that many other people have the same interests and concerns, but just have not emailed me about them.
Precious Metals--Silver and Gold
I am very concerned about the future of paper currencies whose value is based on nothing more than faith. Faith in governments is fading rapidly. Precious metals have intrinsic value which does not depend on faith in government or in a healthy economy. Typically, the sicker the economy the more they increase in value.
I encourage everyone to invest in precious metals to the extent that they are able. There are a few rules to follow, however:
1. Source--I have been hearing some horror stories of people losing their money to unscrupulous and dishonest providers. It is very important to use a source which is recommended and which people you know have used.
2. Cost--make sure to compare costs. Not all sources charge the same amount and typically wholesale brokers charge less than retail sources. The source I use has a 100 oz. minimum for silver bullion coins, but it is worth buying that way.
3. Internet sources--many people are starting to use MLM programs which sell silver coins. These programs are good for network marketers since it allows them to get lots of "free" coins. It is free for them but it costs their downline and unless you are a good network marketer (which most of my readers will not be since this is a PASSIVE income blog) this is not for you. You will just end up paying about 50% over market for the coins in most cases. I am not using these although I could do quite well simply because I could not recommend them to a newbie in good conscience.
4. Storage--precious metals will need to be stored somewhere. I lack the trust to leave my metals in a storage facility or with a broker. Should there be a meltdown it might become almost impossible to get your metals, and just consider what would happen if they went bankrupt. It is a bit more trouble but worth maintaining physical possession of your valuables.
5. Bullion coins or ingots (bars and rounds)--without any doubt it is less expensive to purchase ingots than bullion coins. You do need to think about this. Ingots need to be weighed and assayed when you decide to sell them, there is no way around this unless you are selling them to a friend. This is complicated, relatively difficult since most people will have to send them away to have this done, and expensive. In addition, they are larger and not useful if you need to trade a small amount only. In the case in which the worst were to occur and you were needing to trade your metals for the necessities of life, then smaller units are more useful than very large units of value.
6. Gold versus Silver--Gold is easier to store but has several disadvantages. Gold always comes in larger value units than silver due to its inherantly greater value. Gold and silver will increase in value but relatively silver will increase by a greater % than will gold. Lastly, silver has more uses, particularly industrial ones than gold, so that the need for silver will always be higher than the need for gold.
Should you be interested in investing with a reliable and lowest cost wholesale source of silver and gold, you can email me using the form at the top of the blog. My source does have a website which lists their current prices, but there is no way to purchase from them online, it must be done over the telephone. And I do have a very good salesman there that I do trust. The big problem with them is that they only ship to Canada and the US.
Traffic Exchanges
I have been surprised to have been asked about traffic exchanges, since I assumed that my readers would not be interested in doing any promoting. It seems that some of my readers are interested in doing some surfing/traffic exchange promoting.
I am not interested in which traffic exchange has the most members, or how many sites are shown daily or how old they are. I am only interested in how many clicks my sites get and how many viewers are interested in what I am showing.
I have used many different traffic exchanges, but 3 are much more effective than any of the others: Traffic Pods, Ts25 and Traffic Swarm.
http://www.trafficpods.com/index.jsp?ref=moonchild29
http://www.ts25.com/index.jsp?ref=moonchild
http://www.trafficswarm.com/go.cgi?657494
Since most of you are not interested in promoting, I am only including the top 3. Should anyone wish to know what some of the other, less productive, traffic exchanges I use are, then please contact me.
Gold Nugget Invest
I will admit to really liking this program. I produces a very consistent and reliable profit. It is also one of the few programs which works equally well as a long term and a short term investment.
One problem is that I have heard from 3 of my readers that they tried to join using my link but still ended up with the wrong sponsor. I have been in contact with admin (Robert Spearman) and he tells me that he will transfer them to the sponsor they intended to join under if they will contact him and request it. In order to avoid this occurring, he tells me that you can either clear cookies before going to the site to sign up or just use a different browser (if you have 2 or more on your computer, and I would recommend having at least 2 for other very practical reasons) to sign up. My username is Moonchild as it always is.
Special Investment Opportunity
I will not specifically mention this investment opportunity since it comes from a private investment club, although it is open to everyone. I am not aware of any prohibition on mentioning it, but I just will not do it.
Anyway, it is a one time investment which will probably only be open through Tuesday 3 March, when their $ goal is reached they will close to further members. It is planned to last at least 6 weeks but up to 6 months. The potential for profit is incredible so that I will not mention it here--you would not believe me anyway. The risk is as low as the program can make it, which is really quite low. Minimum investment is $100 and no maximum.
Before you ask, since I know that quite a few will, I am invested in this program.
If you are interested in investigating this, please use the contact form at the top and email me.
Saturday, February 28, 2009
Thursday, February 19, 2009
Gold Nugget Invest and Birthday Bonus Club
Gold Nugget Invest
This has been a very nice program offering 2 plans a weekly fixed plan offering 6% earnings weekly and a daily variable plan which pays a variable amount depending on performance and averaging about 1% per business day. The minimum investment in the daily plan is $20 and the minimum in the weekly plan is $50.
In the past the earnings either had to be cashed out or left in the balance until there was enough for a new investment. The new daily rollover plan has a $1 minimum and the weekly rollover plan has a $3 minimum and they can be used to accumulate funds until there are enough to put into one of the original standard plans at higher ROI.
This program is just getting better and better.
One problem with the program is the need for anyone to clear their cookies prior to logging in to join since otherwise they may end up under some totally different sponsor than they intended to be under.
Birthday Bonus Club
I ended up receiving 38 birthday gifts and since my birthday, which was less than 4 weeks ago, my downline has grown by 88 more people. Hopefully, this program will still be functioning next January, and I will expect an incredible birthday.
Thank you, all those who have joined and a special thank you to all who sent birthday gifts.
Problems for Programs
Several programs including one private program that I belong to are having a problem caused by allegations by governmental bodies or unscrupulous individuals making use of governmental agencies, of one or members having invested stolen funds and using the programs for money laundering. The problem is that this is a very convenient allegation since it allows funds to be frozen and can make it impossible for the accused to even defend themselves against a charge which may be totally spurious. There is no way to know whether the charges are valid or not, but in any case there is no reason why they should involve the programs in which the funds were invested beyond the funds in question. Whether or not a crime was actually committed the charge itself does a great deal of harm which an individual and a program may or may not be able to recover from.
I can be reached at lisbethcole@yahoo. com (please remove space to use)
This has been a very nice program offering 2 plans a weekly fixed plan offering 6% earnings weekly and a daily variable plan which pays a variable amount depending on performance and averaging about 1% per business day. The minimum investment in the daily plan is $20 and the minimum in the weekly plan is $50.
In the past the earnings either had to be cashed out or left in the balance until there was enough for a new investment. The new daily rollover plan has a $1 minimum and the weekly rollover plan has a $3 minimum and they can be used to accumulate funds until there are enough to put into one of the original standard plans at higher ROI.
This program is just getting better and better.
One problem with the program is the need for anyone to clear their cookies prior to logging in to join since otherwise they may end up under some totally different sponsor than they intended to be under.
Birthday Bonus Club
I ended up receiving 38 birthday gifts and since my birthday, which was less than 4 weeks ago, my downline has grown by 88 more people. Hopefully, this program will still be functioning next January, and I will expect an incredible birthday.
Thank you, all those who have joined and a special thank you to all who sent birthday gifts.
Problems for Programs
Several programs including one private program that I belong to are having a problem caused by allegations by governmental bodies or unscrupulous individuals making use of governmental agencies, of one or members having invested stolen funds and using the programs for money laundering. The problem is that this is a very convenient allegation since it allows funds to be frozen and can make it impossible for the accused to even defend themselves against a charge which may be totally spurious. There is no way to know whether the charges are valid or not, but in any case there is no reason why they should involve the programs in which the funds were invested beyond the funds in question. Whether or not a crime was actually committed the charge itself does a great deal of harm which an individual and a program may or may not be able to recover from.
I can be reached at lisbethcole@yahoo. com (please remove space to use)
Friday, February 6, 2009
Identifying High Risk Programs
Making a passive income depends partly on selecting good programs and partly on avoiding bad programs. There is no magic formula to use to do this but there are some obvious ways to avoid those where you have an above average chance of losing your money. There are several new programs lately which fall into the high risk category for more than one reason, so that your likelihood of success with them is small.
1. new programs, like new businesses online or offline, are high risk. A small number of them will do well and will still be here several years from now, the majority will not. Some will turn out to be scams, some will turn out to be incompetently managed, and some will turn out to have bad luck. It does not matter the cause of failure because the result is the same from your point of view--you lose money.
2. follows from #1--unless there is something very special about a program, avoid programs which are less than 18 to 24 months old because very few bad or scam programs last that long, so the odds of success go up with older programs, but there is always risk, just less risk and better odds with older programs.
3. follow the money--you are getting into a program with the intention of making money. Make sure that you know where the money will come from. Many programs, particularly surf programs, but others also, do no more than pay the earliest members to join out of the money paid by members who join later on. These are called Ponzi schemes and, apart from being illegal, they are also a bad idea since they never survive very long. As long as the number of members is increasing rapidly they are able to pay, but when the number of members joining starts decreasing they rapidly vanish--with the members' money. People ALWAYS lose money in these programs. A small number of those who join early will make money as long as they take their money out early, the rest will all lose.
4. never trust what the owner of a program claims--if they cannot prove what they say, do not believe it. As the saying goes: talk is cheap. People can and do make claims which have no basis in fact. There have been many cases lately where the claims made by program owners were total lies. You need to verify everything you are being told and this can be very difficult to do. If I cannot verify the information, I assume that it is false and stay out of the program. It is safer to do this.
5. check out the owner. This means that if an owner has a history of failed programs in the past, this is a bad sign. If an owner has had failed programs but still returned the money to the members, this is a much better sign. Also try to find out whether there is any reason for the owner to be believed to be capable of managing the program. In a trading program, make sure that the owner has a strong background in trading and has prove several years of better than average trading results. The trading need not be done by the owner, but could be done by a team of traders who are employed to do the trading for the program. The history of proven results is what is critical. After all, you would not hire a stock broker who could not show you evidence that he had been producing good profits for his clients for years.
6. Hype--generally the more hype there is the worse the program. A really good program does not need hype to attract members, the members they want to attract will seek them out and find them. In fact, the best programs are often those which are the most low-key and often are private. One of the real risks of hype is that it is like being caught in a mob. People who are otherwise very methodical and rational get caught up in the excitement and join programs they would otherwise avoid.
Everyone has to start somewhere and even good owners and good programs have a starting point. The question is whether you want to be one of the ones to prove whether a program is good or not. Personally, I would rather let others do that for me. In most of the time they will lose their money and the times when they do not will be in the case of the few good programs--those will be just as good to join a year and a half or 2 years later. There is no real hurry to join good programs and I will have at least have avoided joining the innumerable others which will have vanished with the members money.
Lets be clear about this--there are far more bad programs out there than good ones and far more ways to lose money than to make it. There is no way to totally avoid losing money, but there are ways to reduce the loss by avoiding the programs where you are most likely to lose. Making money depends on making more from the good programs you are in than you lose in the bad programs so the fewer bad programs you lose money in the better off you are.
Request: would those who wish me to personally respond to the questions they send me as comments please include their email address so that I can get back to you.
1. new programs, like new businesses online or offline, are high risk. A small number of them will do well and will still be here several years from now, the majority will not. Some will turn out to be scams, some will turn out to be incompetently managed, and some will turn out to have bad luck. It does not matter the cause of failure because the result is the same from your point of view--you lose money.
2. follows from #1--unless there is something very special about a program, avoid programs which are less than 18 to 24 months old because very few bad or scam programs last that long, so the odds of success go up with older programs, but there is always risk, just less risk and better odds with older programs.
3. follow the money--you are getting into a program with the intention of making money. Make sure that you know where the money will come from. Many programs, particularly surf programs, but others also, do no more than pay the earliest members to join out of the money paid by members who join later on. These are called Ponzi schemes and, apart from being illegal, they are also a bad idea since they never survive very long. As long as the number of members is increasing rapidly they are able to pay, but when the number of members joining starts decreasing they rapidly vanish--with the members' money. People ALWAYS lose money in these programs. A small number of those who join early will make money as long as they take their money out early, the rest will all lose.
4. never trust what the owner of a program claims--if they cannot prove what they say, do not believe it. As the saying goes: talk is cheap. People can and do make claims which have no basis in fact. There have been many cases lately where the claims made by program owners were total lies. You need to verify everything you are being told and this can be very difficult to do. If I cannot verify the information, I assume that it is false and stay out of the program. It is safer to do this.
5. check out the owner. This means that if an owner has a history of failed programs in the past, this is a bad sign. If an owner has had failed programs but still returned the money to the members, this is a much better sign. Also try to find out whether there is any reason for the owner to be believed to be capable of managing the program. In a trading program, make sure that the owner has a strong background in trading and has prove several years of better than average trading results. The trading need not be done by the owner, but could be done by a team of traders who are employed to do the trading for the program. The history of proven results is what is critical. After all, you would not hire a stock broker who could not show you evidence that he had been producing good profits for his clients for years.
6. Hype--generally the more hype there is the worse the program. A really good program does not need hype to attract members, the members they want to attract will seek them out and find them. In fact, the best programs are often those which are the most low-key and often are private. One of the real risks of hype is that it is like being caught in a mob. People who are otherwise very methodical and rational get caught up in the excitement and join programs they would otherwise avoid.
Everyone has to start somewhere and even good owners and good programs have a starting point. The question is whether you want to be one of the ones to prove whether a program is good or not. Personally, I would rather let others do that for me. In most of the time they will lose their money and the times when they do not will be in the case of the few good programs--those will be just as good to join a year and a half or 2 years later. There is no real hurry to join good programs and I will have at least have avoided joining the innumerable others which will have vanished with the members money.
Lets be clear about this--there are far more bad programs out there than good ones and far more ways to lose money than to make it. There is no way to totally avoid losing money, but there are ways to reduce the loss by avoiding the programs where you are most likely to lose. Making money depends on making more from the good programs you are in than you lose in the bad programs so the fewer bad programs you lose money in the better off you are.
Request: would those who wish me to personally respond to the questions they send me as comments please include their email address so that I can get back to you.
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