MMG Thread

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Not much to update. Payouts continue to go out right on schedule.
I purposely chose not to list the program in MMG when I first started it 10 weeks ago. I actually didn't want it to have a lot of attention. I have seen other admin promote a program in a pre-launch phase then have a huge launch date with a surge of members and money on day 1 then they are overwhelmed. My goal was to achieve just the opposite effect. I listed it on the blog and then talked about it nowhere else. People naturally found the program on their own through the blog and there has been a steady pace of new member signups.

I decided to go ahead and list the program in the HYIP section of MMG. It doesn't reallly matter to me whether the listing helps bring in additional members. The success of the program does not depend on new members and new money coming in. However, I thought it would be helpful to have a place where people could check in, ask questions and get answers. I will also daily give updates on daily payouts being completed etc.

Update

The program remains open to new members until further notice. If I feel it has reached a point where I need to close it to new member deposits I will give 3 days notice. With periodic reopenings. You will be paid back to the e-gold account you made your spend from in 30 days.
Max is stil $500 min. is $10.

It has been about 2 1/2 months now since the program was launched and all continues to go well. Payouts continue right on schedule. I am doing away with the 15 day plan. Right now there is no interest in the 15 day plan, 100% of the people in the program are in the 30 day plan, so going forward that will be the only option.

Also, I need to clarify how the principal guarantee works. So far everyone has been fully paid with earnings so it hasn't been an issue. Also I don't see it being a current issue since I have not experienced any losses in the last few weeks. However, just to clarify up front. The gurarantee means that if I were to add up total deposits and subtract total withdraws into and out of the e-gold account then people are guaranteed to always have a break even scenario. I am careful to keep cash reserves to cover for losses. So for example if you put in $500 and your spend expires and you are paid $675 and then you put $300 back in again as a 2nd spend your total deposits would be $800 ($500 + $300) your total withdraws would be $675 for a net differnce of $125. If the program experienced significant losses and the "gurantee" portion needed to be utilized, then this example would have guaranteed back to them $125 to bring them back to break even.

Finally, I would like people to start indicating (via email or PM at MMG) when they make their spend what their intentions are at expiration. (payout profits---reinvest principal) (full reinvest), (full payout), (payout $100---reinvest $200) or whatever the case may be. This helps to cut down on processor fees and helps me plan out the cashflow needs. I will not hold you to what you indicate. In other words if you state to "reinvest principal and payout profits only", then change your mind later that is fine, but if you could indicate your plans when you make the spend then try to stick to that then it will help tremendously.

Thanks for all the feedback from the last post. Most chose to email me. The return will stay at 135% over 30 days. However, I will reserve the right to payout a lower amount if I feel it needs to be done due to negative circumstances. This is just being stated as a FYI, but again I emphasize I don't currently see any need to pay out less than 135%.

Thats all for now.

Program update

I figured it was about time for an update.
It has now been over 2 months since the launch date back on Febuary 6th. Really not much to update at the moment. Thus far everyone has been paid right on time. Everyone in the 30 day plan has received 135% return at the end of the 30 day period. I haven't had the need yet to step in and guarantee any principal back due to losses. I will continue to do my best to continue to offer 135% over a 30 day period. As just mentioned so far it hasn't been a problem. I have read up on some other private investment programs out there that are offering some more conservative returns of 120% or 125% after 30 days. I started off a bit ambitious at 150% then quickly realized I needed to cut back to 135%, especially if I was going to offer a money back guarantee if I ended up with losses. As of now it is still 135%, and could continue at this rate the way things are going. However I have tossed around the idea in my head of making it a more variable rate. Meaning if all goes as planned I pay out the full 135%, if an investment in the program experiences a setback then the return may end up being 130%, or 125%. As it stands right now I have felt quite a bit of pressure to deliver 135% even if I were to screw up and only get 125% on a given investment. (Hasn't happened yet, knock on wood) It has kind of been an all or none type of thing, meaning either 135% or your money back if I experience a loss. As I already mentioned it hasn't been a problem thus far being able to deliver on the 135% but it would be nice to feel like I have the flexibility of paying back a lower return if a given investment didn't go as planned.

Right now this change is not being made, and very well may not be changed. At this point I am just looking for some feedback on this. Trying to figure out if this idea would have support from members or if I need to keep it as is. On the flip side, being a variable rate that could be less than 135% that means if things go better than planned the return could even be higher like 140% or more.

Post your comments here in the blog, email me, or send a PM at MMG and based on the feedback I recieve I will decide whether or not to change things.

Final note: The forex idea is being put on hold. I just don't have the time right now. I could pretend like I am doing forex trades and open a forex program, but then I would be like 95% percent of the other programs out there that claim to be making money in forex. I don't want to operate that way. I am a straight shooter and if I am going to run a forex based program, then it is going to really be based on real forex investments. Time available to get involved in this right now is scarce so for not its on hold. Thats all I have for now. I look forward to the feedback.