Comments on: My Advice To Understanding & Preparing for Wealth At Teens http://www.1stMillionAt33.com/2006/06/my-advice-to-understanding-preparing-for-wealth-at-teens/ A site to share my tips, tools, and humble thoughts on the journey to wealth Tue, 27 Jul 2010 22:24:37 -0700 http://wordpress.org/?v=2.8.5 hourly 1 By: Frugal http://www.1stMillionAt33.com/2006/06/my-advice-to-understanding-preparing-for-wealth-at-teens/comment-page-1/#comment-1434 Frugal Fri, 29 Sep 2006 16:13:37 +0000 http://www.1stMillionAt33.com/2006/06/my-advice-to-understanding-preparing-for-wealth-at-teens/#comment-1434 That's very interesting investment. Is it guaranteed 49% for a long period, or every year? If it's guaranteed 49% return every year, or for any period shorter than 5 or 8 years (annualized return > 5%), I think I will suggest two things: 1. Look at the fine prints. There is got to be something else that could cause you BIG LOSS. 2. GET OUT now. Mike. There is nothing and no one in this world who can guarantee you pretty much any amount of return, except maybe using bonds. The only people that can guarantee you a return is central banks who can print money at will. I think this is probably a pyramid scheme. I don't care who trade it. 49% a year, year after year, is simply IMPOSSIBLE. Just sit down and think, if they can do such thing, why would they even offer it to you? They can double their money so fast that they can enjoy the fruits themselves without using ANY of your money. 5 millions will be a piece of cake for them, since the doubling process is so fast. Maybe your partner get 49% return on paper, or maybe he can get this guaranteed return for a couple of years, due to the nature of pyramid scheme that will do to early investors. But a pyramid scheme always collapses at the end. ALWAYS. There is no exception. I did come across a valid guaranteed return investment vehicle, but the number of years to get that return is NOT determinable. Yes, you will get some fixed return of like 50% or 100%, but you don't know how long you will get that. That’s very interesting investment. Is it guaranteed 49% for a long period, or every year? If it’s guaranteed 49% return every year, or for any period shorter than 5 or 8 years (annualized return > 5%), I think I will suggest two things:
1. Look at the fine prints. There is got to be something else that could cause you BIG LOSS.
2. GET OUT now.

Mike. There is nothing and no one in this world who can guarantee you pretty much any amount of return, except maybe using bonds. The only people that can guarantee you a return is central banks who can print money at will. I think this is probably a pyramid scheme. I don’t care who trade it. 49% a year, year after year, is simply IMPOSSIBLE.

Just sit down and think, if they can do such thing, why would they even offer it to you? They can double their money so fast that they can enjoy the fruits themselves without using ANY of your money. 5 millions will be a piece of cake for them, since the doubling process is so fast.

Maybe your partner get 49% return on paper, or maybe he can get this guaranteed return for a couple of years, due to the nature of pyramid scheme that will do to early investors. But a pyramid scheme always collapses at the end. ALWAYS. There is no exception.

I did come across a valid guaranteed return investment vehicle, but the number of years to get that return is NOT determinable. Yes, you will get some fixed return of like 50% or 100%, but you don’t know how long you will get that.

]]> By: Mike Gauthier http://www.1stMillionAt33.com/2006/06/my-advice-to-understanding-preparing-for-wealth-at-teens/comment-page-1/#comment-1430 Mike Gauthier Fri, 29 Sep 2006 06:29:11 +0000 http://www.1stMillionAt33.com/2006/06/my-advice-to-understanding-preparing-for-wealth-at-teens/#comment-1430 Mr. Frugal How are you sir? I happened to come across your site searching for ways of leveraging big money through a process much like the Marshall Plan. I'm not sure if you are familiar with the concept but my partner participates in such from Copenhagen, Denmark through his bank there. The minimum investment is $5 million and you are guranteed 49% on your money. A trader will trade it or something 20x a day and create enormous wealth. It is not actually money just the credit that is being leveraged. Can you dwell on exactly what the trader does with the credit, that process is still unclear to me. Thanks alot, Mike Mr. Frugal

How are you sir? I happened to come across your site searching for ways of leveraging big money through a process much like the Marshall Plan. I’m not sure if you are familiar with the concept but my partner participates in such from Copenhagen, Denmark through his bank there.

The minimum investment is $5 million and you are guranteed 49% on your money. A trader will trade it or something 20x a day and create enormous wealth. It is not actually money just the credit that is being leveraged.

Can you dwell on exactly what the trader does with the credit, that process is still unclear to me.

Thanks alot,

Mike

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