Saturday, September 02, 2006

FX-Experts In Trouble?

New update on FX-Experts' website :

Dear Members,

After reading this letter, I am sure all my clients are going to be upset, because they all trusted in our potential, but I also can say that a few people will be “happy” and they will say in the blogs and forums: “I said that it would happen”.

What I have to say today, is not that we are closing the company, but that we had a huge lost in the last days.

We will have to change some points so we can get back what we lost without worrying about the weekly profit. We are also changing the broker so we can give you a better service.

We are going to change those points:
- the daily profit is going to be zero;
- we will not accept withdraws;
- we will not accept deposits;

The company asks you to not worry about the situation, our website will be online and we are going to be here working, trying to help you in the best way.

I am sure that most of our clients rely on our service and will understand why we had to change those points. After everything is all right, we will update you, as we always did.

We hope to return to our normal activities in a few weeks.

We are doing everything to provide you a better service.

Thank you,

Marcos Matos.


Hmm.. not the ideal way to start off the month. Hopefully everything will work out well soon. More updates later. Stay tuned..

Saturday, August 12, 2006

Update

NSFG
NSFG’s net return for July was 2.41% which was not a huge amount but July was a very difficult month to trade. Many traders reported big losses so coming out positive is not too bad.

They are now 6-7% up in August and will now lock in that first 5% so that there is a guaranteed 5% return for August. Paul will also be married this month so trading will only be resumed in the final couple of weeks of August.

FeederFund
Joyfund has been added to the list of programs at FeederFund. Joyfund is a commodity options trading company that was created in November 2005 by an experienced commodities trader with more than 5 years experience as a pit trader at MATIF in Paris. Trading performance has been very impressive so far, averaging more than 16% monthly. I will be investing in Joyfund via FF soon.

The July profit for my other FF programs :
FXIG : 3.61%
PSHI : 13.17%

DadNDave’s
I still have a pending cashout from May 31 which has yet to be paid. There are no updates from Dave either although I hear that payouts for 12by12Daily are progressing. Keeping my fingers crossed..

Tuesday, August 01, 2006

DadNDave's To Close in 2007

From dadndave's site :

dadndaves will close in 400 days, on the 4th of September 2007. All existing upgrades will be honoured. You will be able to continue to earn and request cashouts as usual until your upgrades have expired. As of now, we are no longer accepting upgrades, or allowing compounding. Payouts will continue as funds become available, until all members have been paid all their earnings. If you wish to continue earning, you must continue to surf. Thank you for your support over the last 18 months.

David

Thursday, July 27, 2006

Udachu goes private

Udachu Fund and Udachu Invest have announced that they will not accept any new members. They have reached a good number of members and don't need any new members as they are already stable.

Wednesday, July 12, 2006

Update - NSFG, FX-Experts, FF & DnD

NSFG
NSFG were busy changing to a new broker and only managed to trade for the last few days of June. However, they still managed to have a net profit of 3.63%, which is great news. Hopefully everything will run smoothly from now on. These recent developments indicate that things look a lot better for the future of this long-term venture.

FX-Experts
Everything is going along fine although there are reports that say that trades aren’t doing too well of late. I am not too worried though as they are one of the very few programs which has proven to do real trading and losses do occur sometimes.

Feeder Fund
FXIG return for June was 0%. FXIG did not trade last month as they were changing brokerages. This change will provide much lower trading and operational costs which will hopefully translate into greater profit for members in the future. The senior trader is already hard at work and there is every expectation of a good profit being returned in July.

Meanwhile, PSHI posted its return of 12.5% for June.

DadNDave's
Dave is still well behind on payments, blaming it on cash-flow problems and also hackers who stole some money. I have a pending cash-out from May which has yet to be paid.

Meanwhile, Dave has opened up another surf site called 12by12daily which is an exact replica of the now infamous 12DailyPro with a payout of 12% for 12 days, surf 12 sites, 12% referral commission, 7 days of waiting for automated payout and $6 min and $6,000 max purchase.

After Compact Surfing and others went down, I am unlikely to join any more paid-to-surf programs. I will only continue with DadNDave’s until it ends. These PTS programs are all partial ponzis at the very least. I am now only interested in legit investments.

Monday, June 19, 2006

Compact Surfing Is A Goner

The much anticipated update from Compact Surfing has finally arrived. And if you don't already know, it looks like it's bad news, folks. Compact Surfing says that they will close operations until summer time. CS also says that you will be paid a partial refund if you are not in profit yet. I am hopeful but wouldn't count on it. Consider it a bonus if you manage to get any refund.

From their update :
Those members not in profit will be returned a percentage of their initial upgrade purchase dependant upon the total available for distribution. Earnings and referral commissions will be deducted from your pendings in our calculations.

CS crashed faster than I expected given the healthy growth of members on a daily basis. The significant drop of the price of gold is their excuse, which many of us had already speculated when pay-outs were slow. Hope members not in profit (including myself) will get the promised refund.

Friday, June 16, 2006

Compact Surfing Important Update

After several members reported that cash-outs were progressing very slowly with some members nearing the 7 day maximum deadline, Compact Surfing sent out a new update. Basically, it states that all current pending payments, and to all those in the future, will be paid 7 business days following the date of your cash-out request. I believe the reason for this sudden change in pay-out structure is because the price of gold has plummeted recently and, as a result, Compact Surfing’s cash reserves have been deeply affected.

Hopefully, CS will be able to continue to pay out members. In the meantime, we’ll just have to wait and see. Some people see these changes as a red flag. Personally, although I’m skeptical, I haven’t completely given up on CS. However, I might pull out of CS after/if I receive my next pending cash-out.