Updates on FFX

Here's an email they sent me some time ago:

New Investment Product:
The new product, presented in the Convention, will be launched in the next few weeks.

We already have the Trading Platform ready, as well as the team of professionals who will be in charge of these investments, as a very high level of specialization is required.

At this moment in time, our Juridicial Department, is finishing the details for the contracts. Once this phase is complete we will activate this type of investment.

We will also publish the technical information about this product, as well as the conditions to be able to participate.
___________________________
It seems like FFX going to be getting into the commodities markets, with big, big returns... I've attached a Powerpoint presentation from the second convention they had (in Brazil), where they talk about the commodities market (*it's in spanish). Now one thing i've noticed about FFX is that they have a tendancy to tweak the details of things they announce. Maybe it's a latin american thing, or a new company thing, but I don't know how many of these projects are still underway. However, it seems like the commodities investments are still being worked on. From what I heard, right now it's only being offered to big investors ($100,000 or more), and will soon be opened up to us little people.

Novedades_II_Convencion_%28Brasil%29.ppt

Improbable Business Ideas

This post is in response to the 53rd comment on my "Entrepreneurs" entry of December 15th, 2007. The comment made reference to a wireless company "My Wireless Rep", and called it a scam.

I beg to differ.

There have been whole empires built on the quote, "There's a sucker born every minute". For Chinese companies that make iPod knockoffs that end up breaking after two months, the suckers are the cheap consumers that think they're getting a deal. For companies like My Wireless Rep, Mona-Vie, Amway, YourTravelBiz and other companies, the suckers are the "representatives".

Don't get me wrong, there's ways to make money in companies like those (obviously, someone up the line is), but if, to sell the product, you have to mention to the client that HE TOO can turn around and become a seller of this wonderful product, it's probably because you're pushing something that can't stand on its own two legs. Take Mona-Vie, for example. A friend introduced me to this product... It's made from the Brazilian Acai fruit, and supposedly works miracles for everything in your body (Makes you lose weight AND fights anorexia!). The thing is, it tastes HORRIBLE! The only way people will buy the 40 dollar bottle of nastiness is if they can somehow be convinced that they will be able to sell it to THEIR gullible friends.

The same thing goes for that wireless company-- on their website, they take the number of total wireless customers in the WORLD (255 million), and tell you that if you can just snag 10,000 of them to sign up for your wireless plan, you'd be banking 24,000 dollars a month.
Sure, the math makes sense, but, honestly-- how many people have you ever convinced to switch their wireless plan? One? Three at the most? The suckers are the representatives, and the head honchos bank the cash. In the end, these aren't scams, just improbable business ideas that require insane amounts of effort to break a profit. Just remember: the bigger the rainbow they paint, the longer the walk is to the pot of gold.

By the way, I'm starting a company, it's called EverMud. I'm selling bags of nutrient-rich mud from the pristine Everglades National Park-- it does wonders for your skin! Rejuvinates, Restores and Revitalizes. PLUS, you get 5 percent of whatever you sell. Be your own boss! 5 oz bags are starting at $19.95. Want in?

Forex investments, La Promesa

So La Promesa is going to launch... in a couple of days? If i'm not mistaken, La Promesa corp will go live from Puerto Rico on the 17th of August. Honestly, I still don't know what they're selling... Most companies give you an idea of what they're launching before they're launching it... Info is really scattered, and it seems like there's going to be an event on the 15th... I'm really really curious to see what they're going to do after their "launch". Hopefully they won't have another "restructuring", like they did after they posted a launch date in January. I want to see actual business plans, and something that doesn't mention faith (yessss, I know faith is important, but I'm picky about who I have faith in... ) We'll see what happens after the 15th (or was it the 17th?), since it seems like there are quite a lot of people that have been sucked into all of this.

FINANZAS FOREX:
It's been a couple of months that i've had my money in there, and don't have any complaints. From the news they've been giving us, it seems like they've been working with Wells Fargo to try to work out bank accounts for the users, to make money transfers easier. It seems like the deal went sour, and people were talking directly to the bank. FFX sent out a memo to investors, saying this: "Les ponemos en conocimiento a todos ustedes que, con el fin de salvaguardar y proteger los intereses y la imagen de nuestra Compañía, serán expulsados todos aquellos inversores que se comuniquen con el BancoWells fargo."
Needless to say, it made me uncomfortable. There's a fine line between company transparency and an irresponsible use of information. But I'm still investigating. The next thing i'm going to do is see if I can turn those supposed earnings I have into cold, hard cash... I want to pull out some money.

By the way, There's commission for me if people sign up for FFX under me. If you're thinking of signing up ANYWAY, why don't you do it through me?

Updates coming sometime later.