Get rich quick? or go bust
July 29, 2008 by moneypenny
Filed under Personal Finance
The problem has always been, who do you trust for financial advice? If you have a broker or financial advisor, or you have experience in trading stocks for your own portfolio, then the answer is easy. Yet many people don’t have access to this level of expertise, or refuse to pay for it. Many of these people fall into the traps that are laid online to get them into hyips, fake currencies trading, and other high risk get-rich-quick schemes that hide under the label of investments.
Most of these are not what they seem, and nearly all of them use the …read more
online payment companies who uses them?
May 9, 2008 by moneypenny
Filed under Personal Finance
Well done Benson for setting up the donation link for Burma. hopefully all you bullion traders will donate some of your returns to those who have lost everything, and let’s hope they open up the borders to help.
Today I’m including a post I made before about online payment companies. For those that think I’ve been after them, heres what I said two weeks ago:
There are surprising demographics. It is not only those who don’t have a credit card, or who are cautious about putting credit card details online. More companies are using it to pay suppliers or freelancers who do work for them. Its a …read more
return vs risk
May 8, 2008 by moneypenny
Filed under Personal Finance
You receive 170% after 7 days
Spent Amount $50 – $299
Invest now!
Here’s a typical bullion ad to trade online, and quite typically there is no mention of risk in the stated fantastical returns. So who wouldn’t want to get a 170% return in a week? This is the kind of thinking that I mentioned in my post on investing online. While driving to work one day in 2000 I saw a billboard that said ” If you can click a mouse you can invest and buy and sell shares online” my response to this kind of thinking? “Yeh, right, and you can also jump …read more
e scams on e trading HYIP s
April 28, 2008 by moneypenny
Filed under Personal Finance
Need extra income? Or are you looking for a safe investment. Then HYIP’s are not for you.
What is a HYIP?
High Yield Investment Program.
HYIP’s are all over the net. Check Google for “investing”. Offering insane returns. For those who are new to e investing, these investments just cannot give the returns stated.
So you’re talking about several days, several weeks, or if they are really good, several months of return, until they close down and start under a new name to avoid all the bad ”news” on them.
Before you lose your money to these scams, Check out www.talkgold.com or www.scams.com, and read the the forums and look in the HYIP area. You will see …read more
Investing and trading in e money digots ( digital shares)
April 28, 2008 by moneypenny
Filed under Personal Finance
Most people know what e money is and have come across pay pal e pay e gold and the like. However, can these digital shares be traded like money or shares? The answer is yes, and as I’ve been saying in my last few posts, this has become a more popular investment. Much has been said about E gold ( based on gold) on this blog in the past, by Mark. I’m going to focus on digots, or digital shares which can be bought and sold and the risks and scams associated with them.
I remember driving down the road one day to work and I saw a …read more





