Now because a company is registered is doesn’t mean that they are a licensed to offer financial service.
They claimed to be insured by an insurance organization in Argentina.
They guarantee 20% per month (simple interest – not compounded)
The Minimum that you can invest is US$5000.00
There are a number of individuals who have received their money to this date (9.10.07)
SHOULD YOU INVEST WITH THEM?
Well that’s totally up to you. Believe it or not, for years there has been a number of international and regional organizations set up locally that have been borrowing money from investors as a means of developing their “product and services”. So the facility is not new.
What one may need to consider is not necessary the LEGITIMACY of an organization but the RELIABILITY and INTEGRITY of that organization.
As a follow up to my previous blog on “Investment Craze or Crash”, I thought it pertinent to write a bit on the whole Swisscash saga. There is a lot of information out there as to what’s happening with Swisscash but still a lot of uncertainty.
It seems in Malaysia, many innocent investors were being cheated by unscrupulous individuals claiming to be aligned to Swishcash. Its appears that a number of persons joined wrong websites promoted by people using Swisscash’s name and as a result Swisscash has become target. But I still am unable to vouch for the innocence of Swisscash in this matter.
On the 21 of June 2007 the Malaysian Securities Commission obtained a Mareva Injuntion on Swisscash and as a result Swisscash websites were not allowed to be accessed by Malaysians as Malaysian internet service providers were informed to block access.
On 18th August, all Swisscash websites were taken off the internet because the Malaysian Securities Commission went further and obtained an INTERNATIONAL Minerva injunction. Unfortunately this affected both Malaysian investors and ALL Swisscash investors.
“The Mareva was sought by the SC following the filing of a civil suit against defendants Albert Lee Kee Sien, Kelvin Choo Mun Hoe, Amir bin Hassan, Dynamic Revolution Sdn Bhd, Swiss Mutual Fund (1948) S.A., SMF International Limited and SMF (1948) International Limited.
The Mareva, which can be viewed here (pdf – 418KB), restrains and prohibits the defendants from:
carrying on the business of Swisscash,
targeting, soliciting and/or collecting funds from the public for investments in Swisscash or any other internet investment scheme, and
hosting or operating the Swisscash websites or operating any other such websites which solicit investments for Swisscash or any other internet investment scheme.
The SC (Securities Commission) secured the Mareva following its investigation on the scheme under the Securities Industry Act 1983 and the Anti-Money Laundering and Anti-Terrorism Financing Act 2001.”http://www.silapbesar.com/blog/
According to friends who are members of Swisscash, the organization intends to create new websites, ‘rebrand’ itself, and carry out investment service by the 15th September 2007. Lets see what will happen.
Greetings Friends 5%, 10%, 15%, 25% – those figures can make your investment account become the apple of your eye, or the spice that leads to hypertension. Are they realistic? I have learnt how to trade on the forex market, and I know of novice traders who have turned there US$1000 mini trading account into to $8000 in less than a day and I also know those who have standard accounts over US$5000 who have lost most of it. So the individual trader can make over 25% in a trade but he/she can lose big. People, I personally am very cautious of clubs/institutions that guarantee above 15% every month.
Since Lewfam and Olint were ‘raided’ by the FSC, these clubs have received much attention in the public fora. Infact, a number of other clubs/organizations have emerged through the grape vines and there seems to be this investment craze, as different investement groups (new and old, bad and good) have tailed the ’bad publicity is good publicity’ waggon.
I advise new investors and potential investors, dont play hopscotch with your money.
Dont run down the big percentages. Aim for a solid investment portfolio by diversifying your investments. Too many persons have all there money tied in high risk investments. I am apart of investment clubs (only 2, as a poor man, I would only consider a 3rd when there is an increase in my cashflow) but I can never vouch 100% for any investment club/ house. Even after much research, an organization that seems to possess longevitity and authenticity may end up being a scam or it may CRASH based upon a number of reasons.
Please stay away from investment clubs/organizations:
With a high level of anonimity Guaranteeing extreemly high returns
With very technical and unclear payout,withdrawal and deposit processes
That do not ensure that members are compliant with the anti-money laundering act.
with a suit address or no permanent mailing address or phone number. There are many people who steal people’s money from laptops in hotel rooms.
Please do your research and invest wisely. Blessings!! _________________________________________________________________________ Andre P. Llewellyn (c) 2007
Cash Plus Group Limited was established in 2002 by mortgage broker Mr .Carlos O. Hill.The organization primarily invests in Real Estate, telecommunications, and the gaming industry (adopted from club documents). Basically, Cash Plus has become a household name in Jamaica primarily because it has become the poor man’s financial messiah and is a way of escape for those desirous of a 10% per month financial hope. To some, it’s a ticking time bomb. If you are considering investing in Cash Plus, you must dare to ask pertinent questions – at least, the most obvious; “Is this ship going to sink with my hard earned money?” Well, I can’t say for sure. But here is some info that may help you decide:
Investors have been getting their returns. That’s important!
The Real Estate market and the telecommunication industry are two industries that possess the dollar signs now and for the future. So Cash Plus seems to be going in the right direction.
Cash Plus presents documented ‘details’ of their plans for future investment expansion/development. It might not be gospel, but it does give investors and potential investors a feel of the ethos of the organization.
Some Red Flags:
They are not regulated by the FSC. It is paramount that the investor ascertains as much information regarding tax issues before investing.
I haven’t read any information regarding their compliance with the anti-money laundering act, nor the insurance of clients’ monies.
It is a high risk investment.
What do you need to join:
A referral fro ma member
TRN
Money – no less than J$100,000 (in the form of a managers cheque)
Proof of Address
Valid I. D.
Character reference (from a Justice of the Peace or Minister of Religion)
I have not posted a blog in a few months, and will be resuming within this month. Thanks for your patience and comments. There is a lot of practical insights that I have absorbed over the few months through experience and theory.
If there is anyone in need of PDF and AUDIO files regarding maximizing your wealth please free to contact me and let me know your area of need. All information provided is ABSOLUTELY FREE!
I think most of us think about retirement too late- or not at all. You might be still thinking that your children are the best retirement policy ever…wake up you’re wrong. You have to decide to take your retirement into your hands. I decided to prepare a simple yet important document on some basic things that you need to consider as you on the right path to retirement.
Firstly your retirement security can be broken down in the following:
1. Insurance
2. Health Security
3. Housing Security
4. Debt and Asset Management
5. Financial Portfolio
So whenever you think retirement, make sure the above factors are always considered. You should therefore be aiming at using the years before retirement to solidify them. Treat them individually, but always remember that they have a collective effect on your retirement security. (I will post blogs on each of these factors soon)
Basic steps towards establishing your retirement security:
1. Estimate roughly how much money you’ll need to live on in retirement.
2. Once you have an idea of how much you’ll need for retirement, calculate what will be available from sources other than your savings, e.g. pension.
3. Get out of debt. If you carry thousands of dollars of credit card balances and pay the minimum payments each month, your potential retirement savings is going directly to your credit card company in the form of interest. Paying only the minimum payment on credit cards is one of the worst financial mistakes you can make.
4. Please ensure that most of your money is not in the bank, you really don’t get any significant interest from banks. Here are accounts you should consider starting and CONSISTENTLY putting money towards:
• Mutual funds accounts. (SECURE)
• A retirement fund. You may also consider a golden harvest/egg account or a credit union account where you receive interest rates NO LESS THAN 11% (in JA).
• A high return investment such as bonds, stocks, and securities, foreign currency trade clubs (stay clear of High Yield Investment Programs). ONLY INVEST MONEY THAT YOU WON’T HAVE A HEADCHE LOOSING!
DON’T PUT YOUR EGGS IN ONE BASKET.
5. Always be on the look out for great investment opportunities. But always be cautious, and get as much information as possible.
6. Consider taking advantage of the Real Estate benefits.
• If you are not a homeowner utilize Low mortgage opportunities (For example; within the next two (2) years, the Jamaican government will be erecting a number of housing developments. The first of the series is the 46 house development in the Portmore vicinity. The Price is 3.8 Million with a little over $20,000 as mortgage payment per month. )
• If you already own your own home, you may want to consider purchasing and renting.
MORE PEOPLE ARE REACHING THEIR RETIREMNT GOALS IN THE 21ST CENTURY ONLY BECAUSE THEY GET UP EACH DAY AND INTENTIONALLY WORK AT IT. YOUR DECISIONS ARE THE ARCHITECTS OF YOUR DESTINY. DECIDE TO RETIRE RICH – YOU CAN DO IT!
MOREOVER, REMEMBER THAT EVEN AFTER YOU HAVE REACHED RETIREMENT AGE YOUR SAVINGS AND INVESTMENTS WILL CONTINUE TO GROW.
IF YOU ARE ONE OF THOSE PERSONS WHO HAVE TO BE SEARCHING FOR COINS BETWEEN THE CUSHIONS OF THE COUCH AFTER YOU PAY YOUR BILLS, THEN THIS IS JUST FOR YOU!
Creating a stream of Residual Income might be something you want to take a look into and get some more information on. When you create residual income, you are taking a step towards making extra money in a manner that does not require constant effort. While with Linear income, what you earn is directly proportionate to the number of hours invested (your typical 9-5 work)
HERE ARE 5 PRACTICAL WAYS TO EARN RESIDUAL INCOME:
1. Join associate or affiliate network marketing programs. There are a number of affiliate programs in Jamaica you can join; Magic Phone, Avon, Melaleuca, GNLD, Herbal Life, and my personal favorite – ACHIEVERS UNION. When I joined achievers union I made $15,000 in the first week by just sending out one email to some friends and putting up 7 flyers one night. That’s literally all I did!
P.S. YOU ONLY PAY ONCE!!!! TO learn how you could make $10,000- $40,000 a month – Sign up for free here http://www.us2jm/wealthmax/information.htm
2. Produce printed copies of art work such as paintings, computer backgrounds and wall papers, etc and advertise on free advertising sites like http://jamaicabuyer.com or http://jamdeal.com
3. Collaborate with someone and publish literary work such as historical articles/manuals or poetry. It could be a one time work but it has the potential to earn you money constantly or at least for a season. This is how authors and artistes make money while they sleep.
4. Have YOUR GSAT, CXC lessons, presentations and/or lectures put on a CD and labeled for students or individuals to purchase. I know a few teachers and lecturers who have done this and have made extra money every semester or every time they make a presentation without even marketing the product. Just Print, Bind and Sell! Or Burn, Label and Sell, that’s it!!
5. Start a savings and/or investment program that pays you residual income in the form of interest or dividends. This could be stocks or bonds. You put money once and you can get up to 22% interest. The money works for you!!
That’s it! I know what just happened, a thought I am too familiar with just popped up in your head -“AH THAT’S TOO MUCH TO DO”. It’s the thought that will keep you from REALIZING what you are made of. Well you can submit to it, or LITERALLY box yourself hard, get up and determine to do something about your financial welfare. My aim is to show you that you can do it – you have to believe you can. I am doing it!
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Contact me at wealthmaxx@gmail.com if you require free resources, suggestions, or if you any have questions. You could also post them on this page under the comments section.
One of the greatest ways to have your money grow exponentially is by having one or more investment accounts that compound. Most wealthy people have a number of long-term accounts that facilitate compound interest. No wonder Einstein called compound interest the eighth wonder of the world!
With compound interest, your money works diligently for you. Because it continually feeds your profit upon itself it grows at a substantially faster rate than with simple interest. Compound interest simply pays you interest on your principal; then, when it is time to pay interest again, you’re paid interest on your principal and the previous interest that you earned.
There are three persons; Coolieman, Whiteman, and Blackman. Each one has money to invest. Coolieman has $45,000. Whiteman and Blackman each have $25,000 to invest. Coolieman places his money into a 20-year investment which pays 12% simple interest annually. Whiteman and Blackman also put their money into a 20-year investment which pays 12% annual interest. However, theirs’ is compounded interest, with Whiteman’s compounding yearly and Blackman’s investment compounding quarterly.
After 20 years, here’s what their accounts would look like:
• The total value of Coolieman’s investment has grown to $153,000.00 (principal and interest).
• The total value of Whiteman’s investment is $241,157.33.
• The total value of Blackman’s account has become $266,022.25
• Additionally, if Blackman made $12,000 (that’s putting aside just $1,000 per month) additional deposits every year during the 20-year period, his balance would increase to $1,259,033.99!
$1.2m in 20yrs in Jamaica is as some would say – foul feed’n. However, a starting principal of $60,000 with yearly additions of 48,000 ($4000 a month) will give you $4,452,316.89 after 20yrs. Note this is just one form of investment you will have in your portfolio.
Most of the accounts I mentioned in the previous post facilitate compound interest, however not all have attractive rates. I highly recommend starting one as soon as possible and leave it until retirement! DON’T DISMISS IT, YOU CAN DO IT!
Blessings!
Andre P. Llewellyn
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Ethnic oriented references made in this document are not racially motivated but reflect Jamaican colloquial expression.
First of all thank you for deciding to read, or download this information. There are a number of investments that one can make however, this document will be looking at the best investment options from the financial landscape in Jamaica. If you are interested in learning about other forms of investment feel free to ask.
What I am offering is specific time, sensitive information. Therefore, some of the rates are subject to change (though not drastically). It is plain, practical yet profound. N.B. I AM NOT A PART OF ALL THESE ORGANIZATIONS. Remember to check out the Robert G. Allen video below the article.
Things to consider:
1. Join an Investment Club (90% chance you will never read this in the papers)
a. Olint Corp – You get on average 10 % per month, like stocks, is a high risk investment. But only two other organizations provide similar returns/profit than this. Plus it compounds if you don’t withdraw profits. You start it with no less then US$1000. You have to wait until March before you can start investing with them because of a court order. (N.B Tax issues may be a factor later this year, though it’s unlikely that this would dramatically affect your investment)
b. Lewfam Investment Club. You get on average 8% per month, like stocks, is a high risk investment. But only two other organizations provide more returns/profit than this. Plus it compounds if you don’t withdraw profits. I would suggest that you start with no less than US$200-300. If your equity management allows you to put more then do so. You have to wait until March before you can start investing with them because of a court order.
Cash Plus Jamaica – I really don’t know all the things that cash plus invest in, I do know that real estate and telecommunications are some though. You start with at least J$100,000.They guarantee 10% return, you receive your money every quarter though (I think there may be monthly encashment). I mention Cash Plus as a suggestion not a recommendation because I am not a part of them. However, some of my friends are members and it works for them.
2. Open a Money Market fund
a. JMMB TAX SHELTER ACCOUNT- It’s a tax free medium term (5yrs) account. It’s a Medium risk account with an interest/return of 12.30% per annum. You have to leave it in for 5 yrs. However, you have access to 75% of your interest every four (4) months (that will be taxed). You can start with no less than J$25,000. Visit www.jmmb.com
b. DB&G http://www.mydbg.com/ also offers a TFI (Tax Free Investment) account and the rates are competitive. The thing is, like JMMB, you are bonded for 5yrs. And especially in the Jamaican economy you cannot predict the rates (especially over a 5yr period), this can drastically affect you interest (not principal). My major issue is you have to start with at least J$100,000 at a rate of 11.95% the most. JMMB’s Tax Shelter is your best bet!
c. JMMB’S SAVESMART JA ACCOUNT – It is a low risk account that you can start with J$1000. The interest is very low (a bit higher than the banks) but it’s a good place to save money. Right now the return is 10.02% on J$25,000. Visit www.jmmb.com
d. JMMB’S SAVESMART US ACCOUNT – It is a low risk account, with the interest rate being 4.81%. You can start with US$500. The interest is low but higher than the banks in JA and some international banks. It is definitely a good place to save your US dollars especially because the Jamaican dollar is weak and seem to be getting weaker. Although you have to start it with US$500, I recommend this account instead of opening a US account in a Jamaican commercial bank. Visit www.jmmb.com
3. Government Securities
As it relates to government securities you may consider Capital and Credit visit http://www.capital-credit-securities.com/default.aspx. However, you have to start with J$100,000.
a. A little info on Bonds
What are they? A bond is a loan, an IOU. You, the investor, are the lender. The organization, for which the bond is created, the one desiring the loan, is known as the issuer. Investing in Government bonds is where you lend the Government money and they give you a certificate. Government bonds are the safest form of corporate investments; this of course is because the government can print more money if they owe people.
b. International/Global Bonds
DB&G’s Global Bonds account is something you may want to consider at some point. http://www.mydbg.com/ the reason why I suggest this is because of the level of diversity it comes with. Additionally, it is great for long term investment.
4. Stocks/shares
You can buy stocks through most financial houses/organizations. The thing with stocks though is that in Jamaica the market is very volatile especially since 3 years ago. I personally don’t invest in stocks again because I have had bad experiences. However, if you find a great and aggressive broker, over J$500,000 (a little exaggeration), and stocks that have GREAT potential, then you may gain. IF YOU GO STOCKS THINK LONG TERM! Of course there are exceptions, but very few. Review the Jamaican stock market daily here; http://www.jamstockex.com/
Things to consider before you make any investments:
1. What is my financial target, and are my investment goals/objectives realistic?
2. Do I want to invest in the short, medium, or long term?
3. The service fees of the organization (management, withdrawal, etc) and taxes the account assumes. Believe it or not these can sometimes deplete your profit. Investigate before you Invest!
4. The rate of return on your investment. You need to know your profit in $$$ and cents. It is one thing to work for your money, but your ultimate goal must be to make your money work for you.
5. The level of risk you are taking. Risk is a must – how much can you handle?
6. The accessibility of your money. “Am I tying up money that I could use to make more interest?” “Can it be wired?” “How many encashment options are available?”
7. The security of your money. Is my money insured, if so how much of it? Note; risk management is not limited to insurance though. I have made investments that are not insured, but I am ok with the risk.
8. Does your equity management allow you to invest in the particular opportunity?
May God Bless you richly,
Andre P. Llewellyn
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All financial advice presented in this document is not upon the mandate of any organization, club, or company mentioned in this document. All information provided is solely based upon the research, experiences and knowledge of the author. It is provided freely and should not be used for monetary gain or financial service.
