Quote:
Originally Posted by picard
They'll be plenty of "see I told you so"-like posts if the program encounters any other issues in the future, but the fact remains that the Legisi-bashers jumped the gun this time around.
.
|
Oddly enough the more of the changes I have seen with the rate being lowered to 6% across the board, and the ten day wait for withdrawals actually make the program seem MORE legit to me. There is always a time delay in getting money from trading accounts as any real trader would know, add to that the time to deal with the exchangers ten days does not seem unreasonable. Plus lowering to 6% (as much as I still hate a fixed rate) is much more doable even with a much larger capital base. The futures trader that handles the pooled fund I manage actually has earned 76% return in the last three months, so roughly 25% per month, but there is no question that he will not be able to keep that up for the long term...but 6%? More than possible for any legit serious long term trader... the question is only the size of the capital, the larger it is the harder it is to move around and earn on. Warren Buffet has often said the biggest issue he has is moving the size of positions he needs to earn money he is happy with.
The only thing that still bothers me is the big "secret" around what he is doing. There is the vague reference to commodities etc.. but if all is above board and legal and so many current members feel, I wonder why there is so little info about his actual income earning activities... still a big red flag to me. But it's simply my opinion and everyone has one.. just like.. well you know....