Friday, October 5, 2007

Cash Plus and Olint

What do you think about companies such as Cash Plus and investment club Olint?
CASH PLUS: In recent times, much has been heard about Cash Plus (http://www.cashplusltd.com/,) the company which promises 10 per cent per month on deposits. The company accepts 'deposits' from a minimum of J$100,000.Cash Plus has rarely been outside of the spotlight of the media, what with its full-page ads on its upscale housing developments featuring units costing close to US$1 million. Quite apart from asking whether anyone 'normal' can afford to purchase a house for J$67 million, some persons, while being impressed with Cash Plus and its rapid and aggressive growth in all aspects of business in Jamaica. Is the activity at Cash Plus sustainable?Whatever prejudgments one may harbor about Cash Plus, one important factor seems to be obvious.
With close to 2,000 persons on its payroll, 12 major subsidiaries involved in phone card distribution, telecommunications (Megaphone), development and construction, food, security services, import-export, computers, hotels and restaurants, automobile and auto parts, Cash Plus has become a major player in the corporate world after only five years since the concept came to Carlos Hill, chairman and CEO.

OLINT: According to industry insiders, Mr. David Smith, proprietor of OLINT Corporation (https://www.overseaslocketinternationalcorp.com/request) has for some time been providing high net worth Jamaicans with exceptionally high returns on their US dollars investments. "David has been giving up to a 14 per cent return per month and a 147 per cent return per annum," a source said, "Plus there is no minimum limit on the amount of money you can invest." This is in an environment where brokerage houses are giving up to 7.5 per cent per annum on amounts locked in for two years or more, Mr. Smith has clearly filled a gap.
Mr. Smith does not solicit money. He is simply given money by individuals attracted by the high interest rates. This money is then deposited in a Panamanian bank and used to make money for the investors.
According to website at http://www.dentontyndale.com/blog/?page_id=30 Smith a licensed representative at JMMB he specialized in international FX trading where his career was guided by Julian Mair and Keith Duncan. In his ten year career he spent seven at JMMB honing his craft.
He branched out on his own forming a club where a few friends would trade foreign currencies. The word got around and the club grew making handsome returns of as much as 15 per cent a month for members.
Smith decided to apply his skills and helped people from all walks of life, the testimonials are many and members are happy with both their returns and the way Smith has conducted himself.At this point in time the club is not taking anymore members. David Smith has made it clear that he has never solicited people and that he traded foreign currencies not securities for club members. Also at no time did he offer investment advice. He conducted trades on a currency-trading platform with the daily trading activity running to US$1.9- trillion.

I came across this article on FOREX trading titled:
Best Home Business – Raising Cash an Easy Way to Fund your Business Now
Author:
Monica Hendrix
If you don’t have much capital and you want more here is an easy way to do it. If you have $500.00 how would you like to fund your business with $100,000. Sounds too good to be true Its not here’s how. If you open an online forex account and deposit $500.00 they will let you leverage this money 200:1 200 x 500 = $100,000 so you can increase your profit potentialHANG ON I CAN’T DO THAT!

You may never have considered forex trading as a business before - but it’s easy to learn and easy to raise capital for – if you have never considered it - check these advantages and you will change your mind:

- Anyone can learn forex trading – no college education required!- You can trade in an hour an day or less.

- You only need a computer, internet connection and a few hundred dollars.

- No staff, stock or heavy overhead.

- Work from the comfort of your own home and take breaks as you wish.- Huge profit potential with leverage.

- There is never a recession as one currency falls another is rising meaning there are constant opportunities for profit.

- You don’t need to market your business there is always someone to buy and sell with.

Leverage is the key to this business as it gives you the opportunity to make money fast.

Of course, it’s a double edged sword and can cause losses. However, if you run it as a business and cut your losses and run your profits you can leverage your money and build real wealth quickly. Can You Read A Graph? If you can read a graph you can trade currencies

– Take a look at any chart and you will see trends up and down and many chart patterns repeat. Your aim is to spot them and lock in and run the big trends. This is called technical analysis and with a little practice anyone can do it

– you just need to do your homework. The only thing that will stop you doing this business is if you lack desire and work rate

– if you do don’t bother trying it because it does require effort but the rewards to the effort can be life changing. Do You Have Desire You don’t need a college education

– you need a burning desire to succeed and the discipline to follow a plan

– if you can do this, you can learn to be a currency trader

A Story to Inspire You!

Just to show everything about trading could be learned, legendary trader Richard Dennis taught a group of 14 people, of diverse backgrounds and ages, to trade, none had any previous trading experience – the result?They made him a $100.00 and he taught them in just 14 days! This proves the point that anyone with the right attitude and knowledge can succeed. Ok, you may not become as famous or as rich as this group - but the door is open in this business to anyone – so why not youThink about. Would you rather do the above or try affiliate deals or Google ad word businesses that pay dimes. This business is one where you can get going quickly you only need a small capital base and you can leverage your money.

Sure it’s a challenge – the question is are you up for it?


List of Alternative Investment, some paying 10% or more per month.

1.Lew Fam Club/2. Olint Club/.3. F1investments/.4. CashPlus Investments/5. Visions Increase West.com/6. MayDaisy.com/7. Minvestment.com/8. HigginsWarner.com/9. World Wise/10. Advance Investment Club.com/11. Finanzas Forex Eng/12. Capital Hill Fx Clubs.com/13. A3Union ../14. Kingdom Investments International Unlimited/15. CAREIF Ltd. :: Home/
Warren Buffet, Berkshire's CEO is the most successful money manager in recorded history. The average annual return for the fund since 1990 has been 18.8%, which is almost twice the long-term average annual return of the Standard & Poor's 500 stock index. Big returns, such as a 57.4% and 52.2% gains in 1994 and 1998, helped power the stock. The biggest loss during that period was a 19.9% drop in 1999, as investors went tech crazy.Berkshire's Class A shares sell for over $150,000 as of December 7, 2007, making them the highest-priced shares on the New York Stock Exchange, in part because they have never had a stock split. Shares closed over $100,000 for the first time October 23, 2006. [1]Yet, some of the above mentioned schemes are paying 10 or more percent per month. A return of 10 per cent per month works out to be about 314 per cent a year. This is over 16 times Warren Buffet's historical average.

17 comments:

Mr. Curious said...

Good information on Forex trading. Anyone heard about F1 Investments. Their Platinum Fund has yielded an average monthly return over the past year of 14.69%.

Whoo said...

I too have heard about these investments clubs, Olint (www.overseaslocket.com), Maydaisy (www.maydaisy.com) and Higgins Warner (www.higginswarner.com/) which all pays high monthly intrest rates. I am told that they requires you to be a club member in order for you to have access to their site. Anyone has any further information about these investments.

Anonymous said...

Joan said;
I"ve joined cash plus ,Higgins Warner and World wise.Higgins need $5000(usd) Worldwise $300-$1500 (usd)and cash Plus $100,000(jam). I can reccomend you for Higgins if you so desire

Whoo said...

Thanks Joan maybe I will take you up on that when I’ve receive more information on these investment clubs. Do you know if thy enlist USA resident?

Conscious said...

Investment clubs have been around for a while. Members of investment clubs consist of groups of friends or co-workers, meeting periodically to make decisions about buying or selling and any other update. Each member contributes a sum of money to be deposit in a joint account. This pooled money is then plunged into the market. Members usually take turns at meetings reporting on companies that they are interested in purchasing or selling.
It is very important for the investment club to have checkpoints in place that account for all investments, profits, losses, and other money issues. These checkpoints should be readily available for all members of the club to read at point in time.
I hope this is of help you Whoo.

Whoo said...

Thanks Conscious....

Mr. Curious said...

Anyone involved in Visions Increase West (www.visionsincreasewest.com) and F1 Investments (www.f1investmentsinc.com). Are they paying?

Keeping You Informed said...

There are both positive and negative news for Cash Plus and Olint, this extract is dated Feb. 23, 2007 Source: The Jamaica Observer, Al Edwards,
“In March of last year there was a run on OLINT with it losing 70 per cent of its deposits but it was able to make its payments and has remained viable without any new customers (There is a cease and desist order in place until next month) since November of last year. This speaks to its liquidity.
OLINT has managed to attract a more discerning clientele largely as a result of making returns in US dollars and those who acknowledge Smith's prowess. It is said that he has almost half a billion US dollars in funds under management making him a force to be reckoned with.
Some very reputable players in the financial sector have taken some stick for saying that the high earning returns from these new operations are unsustainable and the height of folly. Michael Lee Chin has said that the best investor in the world, Warren Buffett gives a return of 20 per cent a year, with Lee Chin's own Advantage Fund paying out a maximum of 14 per cent. JMMB has been quick to peruse the landscape and Julian Mair has come up with some innovative products, which are enticing.
Some have said that those who have voiced their scepticism of these high returns are just envious and it's a case of sour grapes. I'd like to think that many of them who are good bankers fear for the small Jamaican investor who cannot sustain shocks. These men are cautioning prudence and advising that investors should make informed decisions before parting with their cash. A Charge of the Light Brigade mentality is not a sound framework to make investment decisions.”
See full Article at:
Jamaica News - Real Estate - Finance http://www.sangstersrealty.com/jamaica_news/jamaica_real_estate_news_finance_27.htm
Source: The Jamaica Observer, Al Edwards, February 23, 2007)
Is Cash Plus turning Jamaican investors barmy?

Keeping You Informed said...

The Investment Clubs I have heard about are: Olint (https://overseaslocket.com/efund/main.html ), f1investments (http://www.f1investmentsinc.com ) Cash Plus (https://intranet.cashplusltd.com/login2.cfm ), Vision Increase West (http://www.visionsincreasewest.com) , May Daisy (http://www.maydaisy.com) ,Higgins Warner (http://www.higginswarner.com) and WorldWise (http://worldwisepartner.com). Some of these clubs you can start with as little as US$600 and some promise a monthly guarantee return of 10% or more per month.

Investor Tip said...

Which financial professional you select is very important for several reasons. You'll want to investigate thoroughly before doing business with a financial professional or firm that has a history of complaints or problems with regulators. Also, you should know that if your financial professional or his or her firm goes out of business or declares bankruptcy, you might not be able to recover your money—even if an arbitrator or a court rules in your favor.

Rev. said...

In this book Secrets of the Millionaire Mind: Mastering the Inner Game of Wealth , Harv Elker suggested the following:

(1) Put 10% of money into a separate bank account designated your Financial Freedom A/C.
This money is used for investment or creating Passive Income streams. The money in this Financial Freedom A/C is never spent-only invested.

(2)Put 10% of money into "play" account. This account is primarily used to nurture yourself. It is for the special things that you enjoy doing like going for a holiday, renting a boat for the day. Or go to a posh restaurant. The rule of this account is that it must be spent every month.

(3)Put 10% into your Long-Term Savings for Spending Account

(4)Put 10% into your Education Account. This is to equip yourself with the necessary skill and knowledge to be financially free. Or, to increase your financial literacy.

(5)Put 50% into your Necessities Account

(6)Put 10% into your Give Account. There is a Universal Law that says the more you give, the more you get.

Whatever money you have , begin managing it now. Do not wait another day. Even if you only have a dollar. Manage that dollar and you well be on the road to Financial Freedom.

To your success and happiness.

Whoo said...

Many people are of the opinion that these Investment Clubs will crumble soon. Then there are other arguments to support their continued success since some have been around for decades. I think it is a case of who is doing the trading for you. Anyway, I would invest in Olint, but unfortunately, Jamaica’s Supreme Court granted Olint a stay of execution on a cease and desist order on the condition that Olint did not accept any new members until the court gave permission to proceed. So far, the court has not given Olint permission to proceed.
As the Rev. said, “Put 10% of money into a separate bank account designated your Financial Freedom A/C. This money is used for investment or creating Passive Income streams. The money in this Financial Freedom A/C is never spent-only invested.”

Lc said...

Hello from Azores.

http://rotadashortencias.blogspot.com/

volvo auto parts said...

Not only is the above situation not acceptable, but there?s no way you can effectively grow your business without an autoresponder.After all, since you now have your website set up to sell your e-book, you are going to need a way to handle the various types of correspondence being sent to you from potential customers.Autoresponders are an effect... you dont agree?

Anonymous said...

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cash advance said...

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Business Cash Advance said...

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