My 1st Income!

Well, can't really be called income, :P

because I got USD1,000 locked up inside,

now I am just getting USD100 back,

so.... I still have USD900 locked inside....

Oh well.....

This is what happened:

On 30 Nov, I got an SMS:

(I remembered I took a few photos, can't remember where I placed them, will upload once I find them)

Logged into acct, and saw:

That's good, I thought, on the dot, on time,

but it's still e-pts, virtual money, got to get it out and realise it as REAL money!

:-)

So I set up to link the e-pts to my bank acct:

Set up the details, (remember to check from your local bank what is the SWIFT code to ensure the account is credited correctly)

Waited for the link to be completed....

Waited....

Waited....

(seems like years gone by!)

and finally about 7 days later:

It's approved!

Now I want to transfer out the e-pts to make it REAL money,

YES! YES! :-)

But...

I found out something now:

minimum transfer is 500e-pts.... DUH!

:=\

guess I have to wait a while more ....

I am insane!

What am I thinking of?

Putting another US$8,000 into SwissCash when I am not even sure if this thing will evaporate tomorrow?

What am I thinking of?

I am thinking of this:
.... (to be continued, due to shortage of time... watch this space)
.... (I am back actually on 8th Dec after being busy! busy! recently, I did amend this post, but my computer failed and did not save the content! :( )
.... (now I have to re-do this post! :P )

.... I am thinking of this:

This will enable:


1) My 1K account to have a group volume of 10K on the left leg


2) MY friends will have instantly 8K to 9K of volume under them, which would make it easier for them to achieve their Swiss Financial Plan, if they wish to:










I was intending to do this in November, and then later in December I would concentrate on the right leg to build 10K of group volume, then I would be able to qualify for the SFP bonus myself!

But later I found out that I misunderstood the way SFP works....

(to be continued)

Is SwissCash payout sustainable?

There were comments that SwissCash's payout cannot be viable.
SwissCash was referred to as a Ponzi scheme.

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A Ponzi scheme is a fraudulent investment operation that involves paying abnormally high returns ("profits") to investors out of the money paid in by subsequent investors, rather than from net revenues generated by any real business
Ponzi scheme. Wikipedia.com. http://en.wikipedia.org/wiki/Ponzi_scheme
(accessed: November 16, 2006).

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I made a calculation into whether SwissCash's payout, which is 200% profits in 15 month, is sustainable.

Look at the spreadsheet:

If indeed Swiss Mutual Fund is able to achieve an average of 25% to 45% returns per month

It could possibly explain why this "Ponzi scheme" has lasted for more than 1 year, and that I've seen David's SC account that made money.

But then, it could also mean SwissCash is very good at recruiting investor A, and then using investor B and C's moneys to pay off A, and it finally turns out to be another good'o money game scam.... :P

But until evidence from either side comes into the picture, the verdict is still out on SC

I am not promoting SwissCash

I've "invested" with SwissCash

However, I am not doing any overt promotions for it.

I would gain financially if I do that.

However, please NOTE that although I am an "investor" with SwissCash,

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investor.
A person who purchases income-producing assets. An investor as opposed to a speculator usually considers safety of principal to be of primary importance. In addition, investors frequently purchase assets with the expectation of holding them for a longer period of time than speculators.

investor. Dictionary.com. Wall Street Words, Houghton Mifflin Company. http://dictionary.reference.com/browse/investor (accessed: November 08, 2006).

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although I have done my Due Diligence,
I am still not satisfied with the almost virtual existence of the company.

It is thus my conclusion that I am a gambler,

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gam‧ble  /gæmbl/
–verb (used without object)
1. to play at any game of chance for money or other stakes.
2. to stake or risk money, or anything of value, on the outcome of something involving chance: to gamble on a toss of the dice.

–verb (used with object)
3. to lose or squander by betting (usually fol. by away): He gambled all his hard-earned money away in one night.
4. to wager or risk (money or something else of value): to gamble one's freedom.
5. to take a chance on; venture; risk: I'm gambling that our new store will be a success.

–noun
6. any matter or thing involving risk or hazardous uncertainty.
7. a venture in a game of chance for stakes, esp. for high stakes.

gambler. Dictionary.com. Dictionary.com Unabridged (v 1.0.1), Based on the Random House Unabridged Dictionary, © Random House, Inc. 2006. http://dictionary.reference.com/browse/gambler (accessed: November 08, 2006).

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I particularly like #7:
a venture in a game of chance for stakes, esp. for high stakes.

I dare say the ROI is mouth-watering.
But the only reason I dared to, is because I have seen David's account info, which is really enticing.
I hope to have his permission to share the screenshot of his account, for the benefit of the curious.

And one reason I dared to, is, well, I want to grab this opportunity while I can, which, I have learned through EAP, Action! is the key when opportunity beckons.

The other reason is: I want to make the money quickly as seed money so that I can help as many people to be richly abundant in their life and create more Millionaires!
This is my mission and core value, which struck me deeply when I read The One Minute Millionaire (THE most powerful and instructional wealth creation book I've ever read).

To come back to the point of this blog, I will document my involvement in SwissCash, as an open diary for all to view and criticise (constructively, I hope, so that we all can learn something) and evaluate whether this is for real.

All comments welcome!

Let the game begin!