I'm Not That Stupid
Before you read this post, try visiting this website and seeing how full of prospect this investment is, then come back.
Many people think that they're wise enough to not fall into obvious scams. But when a scam is beautifully marketed as a high returns investment, that's a different story.
Most people have heard of the Sunshine Empire scam, and most definitely heard of something called a Ponzi Scheme.
A pretty recent one that's suspected to be a Ponzi is JJPTR, and I think this blogger has given a pretty good introduction to JJPTR.
It's 20% promised ROI and they only do Forex trading. I doubt even the best Forex traders in the world can promise 20% monthly with continued success.
Even after the owner of the scheme mentioned that the accounts were compromised and several hundreds of millions were lost in a span of a few hours intentionally, investors chose to believe it. There's no conclusion to it yet, so I won't speculate.
However the premise of such investments seem extremely suspicious and I'm even surprised investors are still pouring despite very obvious warning signs.
Some people enter Ponzi schemes thinking that as long as they're not the last few, they're earning some money. They're right, but it doesn't make you smart. It makes you a jerk.
JJPTR has plans to set up another investment to regain losses and I see that many people are going into it. At this point I'm just waiting to see how it unfolds.
If there's anything that's too good to be true, with low risks and high returns or even worse, no risk and high returns, it's best to steer clear.
I would still revert to good ol' indexing, and have a conscious free mind doing things I love to do.
-WC
Before you read this post, try visiting this website and seeing how full of prospect this investment is, then come back.
Many people think that they're wise enough to not fall into obvious scams. But when a scam is beautifully marketed as a high returns investment, that's a different story.
Most people have heard of the Sunshine Empire scam, and most definitely heard of something called a Ponzi Scheme.
A pretty recent one that's suspected to be a Ponzi is JJPTR, and I think this blogger has given a pretty good introduction to JJPTR.
It's 20% promised ROI and they only do Forex trading. I doubt even the best Forex traders in the world can promise 20% monthly with continued success.
Even after the owner of the scheme mentioned that the accounts were compromised and several hundreds of millions were lost in a span of a few hours intentionally, investors chose to believe it. There's no conclusion to it yet, so I won't speculate.
However the premise of such investments seem extremely suspicious and I'm even surprised investors are still pouring despite very obvious warning signs.
Some people enter Ponzi schemes thinking that as long as they're not the last few, they're earning some money. They're right, but it doesn't make you smart. It makes you a jerk.
JJPTR has plans to set up another investment to regain losses and I see that many people are going into it. At this point I'm just waiting to see how it unfolds.
If there's anything that's too good to be true, with low risks and high returns or even worse, no risk and high returns, it's best to steer clear.
I would still revert to good ol' indexing, and have a conscious free mind doing things I love to do.
-WC
