Tuesday, April 10, 2007

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.

1 comment:

Unknown said...

I totally agree with the variable ROI. You shouldn't be under the pressure to deliver the fixed rate - It will only destroy the program. I mean, I don't mind getting 135% :), but I doubt it is sustainable 12months/year. Considering the possibilities, even 110% is a high return...

As for the forex, don't go into it, or better, don't offer any program based on it until you are completely confident that you can pull it off.