mbongwe

Joke or forecast? Only he can tell. Most probably both

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4ebl

Legisi II is a notion raised by supporters of Greg but has never been mentioned by Greg. That is just incorrect hearsay. The only discussion from Greg was to point out that this will never happen.

People do your homework before making suppositions and innuendos. That is the danger of people speaking about something when all they have is an outside perspective. Someone says something, then someone else passes it on as fact, based on their own understanding or interpretation about what was said but without corroborating the statements.

Next thing you know things are being said that so and so did or sayings and actions are being attributed to people that never said or did them.

There is an old Jewish saying that says that gossip hurts 3; the person spoken about, the speaker and the listener.

Ponder that before you pass on hearsay (just another word for gossip).

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SpiderMan

legisi is an obvious pyramid scheme and I find it strange that those of us that should know better prefer to act like lawyers in a cort of law saying - because we have no proof that it is a pyramid scheme we can not form an opinion.

Well ask yourself - if you found a way to consistently make 12.5% on a loan, would you expose that on the internet? (remember legisi offer a strict %). A strict 12.5% on your loan is a sure way to quickly get rich with $100,000 loan. So again, would you expose that on the internet?

If you can not say "yes" to the above question then you already know that legisi is a ponzi/pyramid scheme, and you are being simply hypocritical if you say you can not form an opinion one way or the other.

SpiderMan

littleroundman

Some people WANT to believe it is not a ponzi , even after everything points to a ponzi
(most people believe what they want to believe)


George Soros from the Quantum Fund has one of the best track records in history of mankind, averaging around 25 % a year during 20 years

The very best managers in the world hardly can achieve 30 % on a yearly basis, and still some people WANT to believe that some Greg can achieve that on a bi-monthly basis, funny

Traderj

No no, hahaha.. it is just a bunch of idiotic members in the Legisi forum trying to show Greg how far up his ass they have their noses by saying they are ready to join his new program if he starts one. Greg has made no such claims.

I sometimes believe that the reason some of those people behave like that is the hope that if they get their nose far enough up his ass he will remember their "loyalty" and if any money does get paid they will be first in line.

allinvain

Yep, I know what you mean. When the greed monster bites, rationality goes out the window. However, I do think it is possible to *sometimes* achieve far better than 25% a year, but doing it on a consistent basis is the big problem.

I think LTCM (Long term capital management) pulled something like 40-45% per year for a while until that big financial meltdown that brought it to the grave. Well not quite brought it to its grave as it was bailed out, but the fund is no more.

Unless you are dealing with bonds or real estate I would be suspicious of anyone promising you high yet FIXED returns.

I know that immediately after reading this you will bring up another program that I won't mention here since this is the wrong thread, but yeah, believe me, I am concerned about that other program's claims too.

Anyways, back to Legisi.

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Traderj

Just a minor correction, the reason Soros can "only" earn the returns he does is simply due to the size of his funds, much like Legisi size for that matter. So yes it is reasonable to compare whether Greg would seriously ever be able to earn 12.5% a month on his money.. NOT likely.

But with less money, somewhere under 5 million earning 20% or more a month is not that hard at all and there are MANY active traders that do so.

I am constantly amazed by how people compare apples and oranges when it comes to money management and trading. Not saying you did, but throwing out soros and/or buffett generally don't apply to the small fund manager as they have a lot more room to move their money without worrying about caps and liquidity issues.

allinvain

you know what, that's probably it..silly brown-nosers....that sort of reminds me of PeterB and his toadies.

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Traderj

I still believe it's tied directly to capital size..

yup first sign of run the other way for me... fixed returns are just total nonsense and hype.

allinvain

Yes, you're right about the capital size thing. I forgot to contemplate that while I was posting. Heck I got 500% yield on my mini forex account, but try getting that when your account size is $500 million.

And for you curious ppl, I got those returns during the carry trade unwinding..I was shorting like a madman.

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