Wednesday, December 12, 2007

Church members involved with OLINT and other groups

A number of Church leaders across the island of Jamaica met to discuss their members' involvement in high-risk investment schemes.

Pastors met in order to discuss the issue which has become widespread among a number of Christians. During the discussion it was mentioned that some of their parishioners traded with OLINT and other groups but later decided to trade for themselves. The group has since expanded to include other ventures.

It was also stated that similar schemes are owned and run by the Church namely FE One, which according to a minister the company is a retail trading entity and not an investment scheme. A Bishop present used the following definition for gambling: "Gambling is when you put your money at risk to win at the expense of others". He further went on to state that forex trading happens every day and the risk can be reduced.

The church community is against the idea of casino gambling in Jamaica. They are concerned about the social implications casino gambling could have as it could bring in criminal activities on the island. This is very interesting. Can you separate foreign exchange trading activities from gambling?

When you bet on a currency going higher relative to the other, someone has to be betting in the other direction. The money you gain has to be a lost to someone else in order for you to benefit.
The major issue among church groups is whether it is ethical to be involved in these schemes that are seen as gambling by some. What’s your opinion?

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.

1 comment:

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