Show me the money!
Posted on April 4, 2006
Filed Under MoneyMaking |
That’s all I’m asking… where is the *proof* the things pay out! Well right now I can’t give you any as I’m waiting on payments etc *and* intend to compound the income recycling it back through the accounts immediately in order to maximise the profit.
This is a reasonable strategy in some instances, e.g. when you have a number of plans operating, because you can be sure *some* will pay out and cover the losses from those that don’t. However, currently, because I’m only just starting down the road any single failure would all bar wipe out the meagre amount of capital I started with.
Just for reference, I only uploaded AU$100 to egold via e-forexgold which gave me an amount of US$60 or so to use as the  working capital. Once (if?) the plans pay out I’ll split the income between *more* plans only investing $10 or so in each to begin with. I think common sense (of which I admit I have little) tells me that spreading the capital more thinly over several plans ought to ensure that at least some will provide a return. I can increase the amounts invested over time until I arrive at the US$10,000 figures some people invest. Allowing for compounding this ought to take around a year… so I have to be patient… not my style but hey that’s the way it goes.
Of course, common sense *also* tells me that once I’m convinced the plans work then I ought to add as much in as I can. On that basis, I ought to upload around AU$100 a week or so… after all, I would spend more than that on a night out… and I regularly spend $50 on the lotteries which rarely if ever repay even the stake money!
So… watch this space!
Stumble it!
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