happyhappyhappy said:
Cheers guys, so basically whenever a new scheme comes up claiming to make big profits fast for you, the only safe bet you can make is to bet that they are another con and will fail you.
Seems to me there is no where to put your money that is managed by somebody else and will do a fair bit better than the majority of things you can invest in. In fact I would say the only way to do better than any of the investment schemes out there, is to do what I have been doing all along, buying and selling stocks. I feel in this way, up to now I have managed to stay a little way ahead of the game, but I don't know if this way I will ever get rich on it though. I will keep trying.
the humourous cynicism aside, please conduct your own research.
some of us are hardened cynics, and may well let good opportunities pass us by because of this.
however, if I was interested, I would want to see the statements showing the trades described.
ideally continuous statements from month to month.
a:this helps to ascertain whether they have actually traded the calls.
b: if they do trade the calls, it also helps to assess whether they have been cherry-picking the better trades. ( and also throwing in some losers to make it look convincing )
c: please note there are trades that clump together, and due to margin requirements by the spreadbetters, not all of the trades may have been possible. this needs checking.
d: are the trade shown inclusive of spread ? each winning trade may end up being less than shown, and each losing trade may be more than shown.
basically, if you are interested, check it out intelligently.
if you decide to visit them, let us know your impressions.
