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FIB - Scams 101 - Ye Olde Archives
Posted By: Dave Mauder (eDave) <maudman@NOSPAMyahoo.com> In Response To: For eDave: the distinction between stocks & e-currency that I can't get through my thick skull... (Dave)
Thursday, 12 January 2006, at 8:55 a.m.
In Response To: For eDave: the distinction between stocks & e-currency that I can't get through my thick skull... (Dave)
> I think what also is making me nuts is the fact that something can exist
> that people don't really understand put they put money into it anyway. As
> a salesperson that's frusterating, because I spend everyday showing people
> how great my products are, most of them agree how great my products are,
> and most of them still don't buy. Meanwhile, e-currency does something
> that nobody seems to fully understand but thousands of people sign up
> anyway. Ugh, headhache.
I still think you're giving most people way too much credit. I've honestly only met one person I work with who participates in the company 401K plan AND understands how/where their money is invested. The rest I've talked to HAVE NO EARTHLY CLUE! They are just in the plan because they heard it was a good idea. My wife works for one of the big 3 auto makers, and she says the level of "money dumbification" is equally as high over there. Is that a word? ;-)
My parents have the majority of their retirement money in annuities right now, but neither of them can explain to me what an annuity is or how it works. I know what it is, but I quiz them as part my informal research into how stupid American's (well, most) are when it comes to money. Sorry... I didn't mean to offend anyone! :-)
So....is it really such a stretch to imagine that a bunch of greedy, give-me-something-for-nothing American's would invest their money into DXInOne without a full understanding of how it works or where the earnings come from?? I think not! Heck - I'm one of them! :-)
And I don't mean to sound harsh, but give up the hunt for someone who can explain how it works. I've tried - MANY times, and the info ain't out there. All you'll likely find, as I did, is a few people who *THINK* they know, but will use quotes from the company website, and/or circular arguments to justify the whole thing.
Don't get me wrong, up until the last 4-6 months, DXInOne was VERY good to me. But...I certainly don't claim to understand how it all works or where the earnings really came from. I probably understand about 25% of it.
Who cares about your money? YOU SHOULD!
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