Online funds trading

[devion]

Anybody heard about Finanical.org?
https://www.financial.org/Default.aspx?lang=en-US

They are doing US blue chip stocks & I attended a seminar, saw the members whom did the online trading of actual US blue chips.

It is something like a margin trading account though there is no margin call if u lose x amount of dollars.

They also offer 0.25% per day returns for every trading day.
Min amount is US10K and at least 1 year to have this amount stay put else early withdrawal penalty charges.

Tried to google but not much information about them. Mentioned that they are a 37 year old Swiss company based in London. Only recently introduced into SG.

 

[Shiny Things]

They also offer 0.25% per day returns for every trading day.
Min amount is US10K and at least 1 year to have this amount stay put else early withdrawal penalty charges.

Tried to google but not much information about them. Mentioned that they are a 37 year old Swiss company based in London. Only recently introduced into SG.

That's 87% a year. This is a ponzi scheme.

 

[Perisher]

Anybody heard about Finanical.org?
https://www.financial.org/Default.aspx?lang=en-US

They are doing US blue chip stocks & I attended a seminar, saw the members whom did the online trading of actual US blue chips.

It is something like a margin trading account though there is no margin call if u lose x amount of dollars.

They also offer 0.25% per day returns for every trading day.
Min amount is US10K and at least 1 year to have this amount stay put else early withdrawal penalty charges.

Tried to google but not much information about them. Mentioned that they are a 37 year old Swiss company based in London. Only recently introduced into SG.

Best to avoid companies which you can't find any information on. Claiming a 1000 year history means nothing. Crowd sourced User feedback is one of the most important way to know if something is legit.
Having 10k USD stuck for a year is a waste of money and a red flag to me.

 

[BankerX]

That's 87% a year. This is a ponzi scheme.

I agree the returns are too ridiculously high. Plus if they were leveraging, there is no way there wont be a margin call. The fact that they say there isnt one is already very dubious on how they are attempting to make returns for you.

Plus in this current market Temasek made -9% losses last year, GIC revised growth for the next 10 years to 4%pa.

What makes you think this company has such a "magic technique" to beat the market and give you such high returns? Look at the economy around you, what is going to give you 87% return in a year? Even property prices are languishing.

Be very wary of deals that sound too good to be true. They usually are.

 

[FP_IFA]

There is a 0.25% chance a day of you losing that $10k.

 

[Foofighter73]

Exactly what Jack Ma said.

youtube.com/watch?v=eTOaxAinUj8
Sad....

 

[MuppeJack]

And if you bring funds in for the company (from friends, parents, relatives), you get to receive a portion of their invested funds?

Anybody heard about Finanical.org?
https://www.financial.org/Default.aspx?lang=en-US

They are doing US blue chip stocks & I attended a seminar, saw the members whom did the online trading of actual US blue chips.

It is something like a margin trading account though there is no margin call if u lose x amount of dollars.

They also offer 0.25% per day returns for every trading day.
Min amount is US10K and at least 1 year to have this amount stay put else early withdrawal penalty charges.

Tried to google but not much information about them. Mentioned that they are a 37 year old Swiss company based in London. Only recently introduced into SG.

 

[devion]

Some commission I guess. They actually sponsor for Williams F1 racing.

 

[Maeda_Toshiie]

youtube.com/watch?v=eTOaxAinUj8
Sad....

Sure, did you invest in Bernie Madoff?

 

[Foofighter73]

And if you bring funds in for the company (from friends, parents, relatives), you get to receive a portion of their invested funds?

No. You did not get any portion of their investment.

 

[alexchia01]

youtube.com/watch?v=eTOaxAinUj8
Sad....

What ma said is based on poor people looking for genuine business opportunities, not on scams.

For scam like Financial.org, it's wise to avoid.

For people who can't differentiate between scams and real business... Sad!

 

[Foofighter73]

What ma said is based on poor people looking for genuine business opportunities, not on scams.

For scam like Financial.org, it's wise to avoid.

For people who can't differentiate between scams and real business... Sad!

Have you been scammed by similar companies or Financial.org?

When people invested their hard earned money in Lehman Brothers thru DBS Bank. When the company closed or go bust. Do you consider Lehman Brother a scam company or the company that sold their products a scam company?

I guess when we invest we should calculated our investment risk and not call any new opportunity a scam.

Those that see the opportunity and take it will prosper.
Those that see the opportunity and do nothing about it. Will miss it.
Those that dont recognise or grab the opportunity will stay poor forever.

 

[limster]

Those that dont recognise and graphic the opportunity will stay poor forever.

I agree, those that don't recognise a scam will stay poor forever.
Those that recognise a scam will be able to invest in real investments and be "rich by retirement"

 

[Foofighter73]

I agree, those that don't recognise a scam will stay poor forever.
Those that recognise a scam will be able to invest in real investments and be "rich by retirement"

I fully agree.

 

[archcherub]

youtube.com/watch?v=eTOaxAinUj8
Sad....

u must be new here. you probably didn't know a lot of people here are millionaires actually (not sarcastic). i won't name names but go through a few threads and u will begin to know the rich pple.
im pretty sure poor people don't hang around here much.

but salesmen.... tons of them trying their luck here

 

[Shiny Things]

H
When people invested their hard earned money in Lehman Brothers thru DBS Bank. When the company closed or go bust. Do you consider Lehman Brother a scam company or the company that sold their products a scam company?
[...]

I guess when we invest we should calculated our investment risk and not call any new opportunity a scam.

Some things are obviously scams; some things are obviously not scams.

The Lehman minibonds were obviously not a scam, though they were very badly marketed. There was an actual product (bonds backed by Lehman, with some sort of market-linked payoff); they blew up when the company issuing the bonds couldn't repay them. That's not a scam.

This "thing" is promising a guaranteed 0.25% per day - that's 86% per year, which is more than the best hedge funds could ever deliver, and they don't guarantee their returns. Either they've literally cracked the secret of markets and a bunch of guys with their click-and-trade screens are better at trading than the market-making computers and the pure-math PhDs at Citadel or Virtu; or it's a scam. (Spoiler: it's a scam.)

And think about this. If they were actually able to deliver a guaranteed 0.25% per day, why would they tell you? They'd keep the secret to themselves and milk as much cash out of it as they can before someone else figured out their secret.

 

[Foofighter73]

u must be new here. you probably didn't know a lot of people here are millionaires actually (not sarcastic). i won't name names but go through a few threads and u will begin to know the rich pple.
im pretty sure poor people don't hang around here much.

but salesmen.... tons of them trying their luck here

Glad to know there are many Millionair here and I don't need to know who they are. I'm not the one initiate this link. Just want to clarify your misconception. Everyone has the ability to think and make their own decision. If you think this opportunity is not for you then pass it.

 

[Foofighter73]

Some things are obviously scams; some things are obviously not scams.

The Lehman minibonds were obviously not a scam, though they were very badly marketed. There was an actual product (bonds backed by Lehman, with some sort of market-linked payoff); they blew up when the company issuing the bonds couldn't repay them. That's not a scam.

This "thing" is promising a guaranteed 0.25% per day - that's 86% per year, which is more than the best hedge funds could ever deliver, and they don't guarantee their returns. Either they've literally cracked the secret of markets and a bunch of guys with their click-and-trade screens are better at trading than the market-making computers and the pure-math PhDs at Citadel or Virtu; or it's a scam. (Spoiler: it's a scam.)

And think about this. If they were actually able to deliver a guaranteed 0.25% per day, why would they tell you? They'd keep the secret to themselves and milk as much cash out of it as they can before someone else figured out their secret.

Is it difficult to make $25 a day from the market?

 

[alexchia01]

Is it difficult to make $25 a day from the market?

0.25% a day and $25 a day is not the same.

It's not difficult to make 0.25% a day, but it's impossible to make 0.25% everyday.

The reason is we have no control over the market climate, like we have no control over our sky climate.

I can predict when the sky is going to rain, but I can't make the sky rain and I don't know how much rain there is going to be. I can collect lots of water when it rains as I predicted, but I can't promise how much rain water I'm going to collect from that rain.

I can predict when the market is going to move, but I can't make the market move for sure and I don't know how much the market is going to move. I can make money when the market move as I predicted, but I can't promise how much I'm going to make from that move.

The fact that they promise you 0.25% profit everyday, is like they promise you that it'll rain everyday and everyday, they can collect 25% bucket of rain water.

If you don't believe anyone who can call it rain everyday and everyday they can collect 25% bucket of rain water, why would you believe someone who tells you he can make 0.25% profit from the market everyday.

This is why we know it's a scam.

 

[MuppeJack]

Advice to those who are putting their hard-earned money into this is, don't take uneducated risk and throw in hoping to make good returns cause of greed and trust.