Find the best plan to make money online
Posts tagged easy money
Intervestonline.com – The Top Ways to Make Money Online – They must be joking
Mar 12th
Whenever you do a search on Google for ‘How to Make Money Online’, you will see that intervestonline.com has the top spot in a results search. Their real tag line should be more like ‘How to Make US Money Online’. In my opinion, most of their suggestions are for sites and plans that are just utter garbage. You will note, several of the ones they promote heavily are ones that I have reviewed and found to be nothing but pure rip-offs. As usual, all that their site seems to be about is ways for them to cash in on referrals and the like by recommending these systems to people and trying to give them flowery, glowing reviews. It is no wonder to me that trying to find legitimate ways to actually make money online is nearly impossible these days. There are just so many obvious, blatant rip-off sites around that it is hard to find any of the decent ones. I am a little uncertain how to proceed with my blog here now. I could spend an eternity providing negative reviews of all the bad places, or maybe I should just change direction and provide only information on good methods and information on making money online.
Doubling Stocks – MARL Stock Picking Robot
Feb 4th
I saw this one advertised in several places so I decided to have a look for myself. This place that has the MARL stock picking robot will either sell you a newsletter of free stock picks or sell you the stock picking robot for your own use. The best part of the presentation though had to be the video inviting you to watch over his shoulder as he made over $6,000 overnight in a single trade based on a robot pick for a small telecommunications penny stock.
He starts out by bringing up the NY Times homepage to show you the date and time, then logs into his etrade account to make a trade. Noting that the stock is at a bid price of only $0.13 he proceeds to say he will only buy $2,000 worth and puts in a trade to buy 15,384 shares which would be $2,000 worth at the $0.13 price. However, he adds a limit to the order instead of placing a market order and puts a $0.38 limit on the trade.
Now it is the following day, he brings up the NY Times page again to show you this is so, and then logs into his etrade account once again, this time he puts in a market order to sell 1,450 shares of the stock at its current price of $0.43 for $623. So, what ever happened to the other 14,000 shares? Did he already sell them yesterday? Did he make other trades? Well, we have no way to really know because at no time did you ever see 15,384 shares of the stock in his account. It is hard to believe that anybody with even half a brain would blindly go ahead and buy into this system after viewing such a faulty video presentation. In fact, it should have the opposite effect, watching such a video should scare you right out of wanting to know or hear anything else from this company or person whoever they might be. For all you know, they could have transferred in $6,000 from another account just for the purposes of the presentation.
I have over 30years experience in trading stocks, options and commodities having worked in the past for a large brokerage firm developing stock analysis programs of all kinds. My best advice for you is, if you are considering getting into stock trading, tread carefully, make sure you know what you are getting into before investing any sort of serious money into it. There really are no gimmicky one shot wonder type programs or robots that are going to make you rich overnight. At their best, computer stock analysis programs are just handy tools that you can use along with a lot of other information to help you in your trading decisions and strategies.
Liberty League – Scam
Dec 7th
From what I have been able to find out, Liberty League is actually a pyramid scheme veiled as a product marketing operation. It has been classified as a pyramid scheme in New South Wales Australia after an investigation. From what I gather, to make money, you must produce a substantial number of successful product leads, with guarantees that if you invest enough money into it, your efforts will pay off big. It is a simple enough task to just google it and you can find large numbers of ex-users who were suckered in and lost large sums of money ($15,000 and up) before they wised up and got out. There are also numerous report of phoney results and testimonials being offered by others in the program in an attempt to boost membership into the pyramid beneath them to try to grow their earnings.
While investigating Liberty League, I also came across another company Unified Wealth Solutions which appears to be in league with them. Unified Wealth Solutions is primarily geared towards marketing website design and hosting services, providing customers with turnkey ecommerce stores. But, the implication seems to be they will then attempt to direct customers into the Liberty League system as a way to get marketable products. I welcome comments from anyone with further knowledge or experience with either of these systems, but for now, I will leave them both marked as scams.
Payment Processing Scams
Dec 6th
Payment processing scams are everywhere, they come in countless varieties, but, the general theme is always the same. The business/charity or individual needs your help to simply process some payment for them and you get to keep a substantial part of the payment as your commission just for doing the transaction for them. What could be easier than that? It’s all legal isn’t it? Unfortunately for you these are all scams and you will find yourself in hot water, owing thousands of dollars if you even try one out. If you want to learn a bit more about them, read on.
These scams are very dangerous and you can find them everywhere, in ads, posted on job boards as real legitimate jobs, or by an email you received. Although they come in many flavours, and some are masked better than others, the general theme of these scams is always the same. The scammer will give you some check or even a bank wire transfer into your bank account, along with forwarding instructions for where the payment is to go. You simply withdraw the money from your account after the payment has cleared and forward it to the payee via Western Union, minus your commission and the Western Union fees. The problem for you comes later, you see, all these payments being sent to you have been hacked or stolen from someone else’s bank accounts. As soon as the theft is realized by the bank or person, the issuing bank issues a reversal against your account and now you are on the hook for the entire amount of the transaction. The bank doesn’t care if you were scammed or not, they just want their money back and will do whatever it takes to get it from you. So, if you received a payment for $2,000, withdrew it, kept 10% ($200) and sent the $1800 on, you are now responsible for the entire $2,000, not just the $1800 you sent on. Since you are the one who withdrew the money from your account, you are the one now responsible.
No legitimate business, charity or individual needs your help to process a transaction. These are ALL scams, it is just that simple. If they really needed to have Western Union payments sent to their clients they could do it themselves using their own bank and would not even have to pay a commission. Never get involved with ANY sort of payment processing transaction, and whatever you do, no matter how official the scammers might seem, never give your name, bank or any other personal details, or you could also find yourself the next victim with money being stolen from their account too.