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FIB - Scams 101 - Ye Olde Archives
Posted By: ChristopherSchumacher <stillsmuthNOSPAM@netscape.net> In Response To: I just don't understand how (Dave Mauder (eDave))
Wednesday, 5 January 2005, at 6:41 p.m.
Just wanted to point out a few things on this (couldn't remember if I missed answering it).
$50k per week after 5 years of growth is definately possible. I mean, there's a lady who does $8k a week after 4 years...and she started with $3k spread out over her first year of her own money.
Imagine someone who actually had money to start out with (like Matt does)...could he reach $50k a week? Easily. And that's disregarding the trading itself, just from portfolio growth.
Getting a constant flow of transfers would be the real task...I know there are some folks who have great big floats...but honestly, what other sane person has $50k just hanging out in their e-gold account? And would you really feel good about processing an exchange of that magnitude?
Now us normal folk, that might be a pretty big stretch...or someone really working the system well (I haven't actually run numbers to see if I could do it myself).
I might reach $10k a MONTH over a year...but $10k a week would take some numerical wizardry.
I still stand behind the program though. Regardless of whether the numbers are dead on or not, you're gonna make money. Quibbling over whether it'll be $5k a month or $10k a week...that's just crazy.
Best bet: do your own due dilligence and decide for yourself. If anyone reading does decide to go with the Mazu currency exchange program, look me up on the forum (username waronmarketing)!
Sincerely,
Christopher M. Schumacher
> Maybe I'm honestly missing something, but I still don't see how one could
> make $50K per week with DXGold UNLESS a whole bunch of other people also
> had that kind of money flowing through the system. It just takes too long
> for exchanges to get processed.
> If I just had $50K in ecurrency right now, let's say in e-Gold, I could
> process a whole BOATLOAD of exchanges and make as much as $4000 or $5000
> in fees for making those trades. BUT, then I could see it taking months to
> get the whole $55K exchanged back out to ecurrency so I could do it again.
> Now, if I took that $55K and bought shares in my DXGold portfolio, I could
> earn another $2K or so almost overnight. And 6 days later, that $57K would
> earn another $2200, and so on every 6 days. These numbers are approximate,
> but they could add up quick! Again, as I said in another post down the
> way, I have NO IDEA where all this money is really coming from. It's just
> one merchant swapping currency with another one. One pays a small fee and
> other collects a larger fee. My calculator doesn't figure that way... :-)
> Maybe if you have a buddy in the system who also has an equal amount of
> money, you could just take turns. One week, I run my $50K through and
> collect the fees. Then I OutX it all and my buddy could process the OutX's
> for me. Keep in mind, I have to pay 2.85% to OutX my money back to
> ecurrency. This wouldn't work anyway, because the system doesn't let you
> choose which trades you are going to process. You simply choose to process
> an OutX, you select the ecurrency and the amount you have available, and
> it selects the next available trade waiting in the system. It could be for
> $10, or it could be for $10K (if you told it you had that much).
> Dave
Mazu Currency Exchange Program Reviewed
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