Recent Comments:
Ann Coulter Subject of Voter Fraud Probe {Politics Daily}
Feb 9th 2009 9:54AM I guess it is no surprise which side of the fence Tommy resides on huh? Nuff said.
How I Spent My Tax Rebate: Paid extra on my mortgage {WalletPop}
May 16th 2008 3:27PM Seems to me that Princess Tracy can't stand the heat she turned up so she is running away to blather on relentlessly where her fan base of 2 or 3 individuals are patting her on the back - at least there she can control who comes back at her with some actual common sense--P.S. did she ever tell us the difference between us and real estate, insurance and mortgage brokers?
How I Spent My Tax Rebate: Paid extra on my mortgage {WalletPop}
May 15th 2008 11:24PM What is the difference? Please spell it out with specific examples - is it in the hierarchy? the pay distribution?
How I Spent My Tax Rebate: Paid extra on my mortgage {WalletPop}
May 15th 2008 10:21PM Tracy,
to continue, please take a look at our structure then take a look at your neighborhood insurance agency, mortgage brokerage and real estate offices- they might be a little offended should you refer to them as pyramid schemes
Perhaps, one should actually investigate and educate themselves about ALL things they feel a need to speak about publicly-
How I Spent My Tax Rebate: Paid extra on my mortgage {WalletPop}
May 15th 2008 10:18PM Tracy, please define a pyramid scheme- can you sketch me a picture of what the hierarchy of one would look like? I am curious. --Here's what I took the time to find out- instead of spouting off about things I don't know about- which by the way- makes one look rather silly--
Pyramid schemes now come in so many forms that they may be difficult to recognize immediately. However, they all share one overriding characteristic. They promise consumers or investors large profits based primarily on recruiting others to join their program, not based on profits from any real investment or real sale of goods to the public. Some schemes may purport to sell a product, but they often simply use the product to hide their pyramid structure. There are two tell-tale signs that a product is simply being used to disguise a pyramid scheme: inventory loading and a lack of retail sales. Inventory loading occurs when a company's incentive program forces recruits to buy more products than they could ever sell, often at inflated prices. If this occurs throughout the company's distribution system, the people at the top of the pyramid reap substantial profits, even though little or no product moves to market. The people at the bottom make excessive payments for inventory that simply accumulates in their basements. A lack of retail sales is also a red flag that a pyramid exists. Many pyramid schemes will claim that their product is selling like hot cakes. However, on closer examination, the sales occur only between people inside the pyramid structure or to new recruits joining the structure, not to consumers out in the general public.
A Ponzi scheme is closely related to a pyramid because it revolves around continuous recruiting, but in a Ponzi scheme the promoter generally has no product to sell and pays no commission to investors who recruit new "members." Instead, the promoter collects payments from a stream of people, promising them all the same high rate of return on a short-term investment. In the typical Ponzi scheme, there is no real investment opportunity, and the promoter just uses the money from new recruits to pay obligations owed to longer-standing members of the program. In English, there is an expression that nicely summarizes this scheme: It's called "stealing from Peter to pay Paul." In fact some law enforcement officers call Ponzi schemes "Peter-Paul" scams. Many of you may be familiar with Ponzi schemes reported in the international financial news. For example, the MMM fund in Russia, which issued investors shares of stock and suddenly collapsed in 1994, was characterized as a Ponzi scheme.(2)
Both Ponzi schemes and pyramids are quite seductive because they may be able to deliver a high rate of return to a few early investors for a short period of time. Yet, both pyramid and Ponzi schemes are illegal because they inevitably must fall apart. No program can recruit new members forever. Every pyramid or Ponzi scheme collapses because it cannot expand beyond the size of the earth's population.(3) When the scheme collapses, most investors find themselves at the bottom, unable to recoup their losses.
Some people confuse pyramid and Ponzi schemes with legitimate multilevel marketing. Multilevel marketing programs are known as MLM's,(4) and unlike pyramid or Ponzi schemes, MLM's have a real product to sell. More importantly, MLM's actually sell their product to members of the general public, without requiring these consumers to pay anything extra or to join the MLM system. MLM's may pay commissions to a long string of distributors, but these commission are paid for real retail sales, not for new recruits.
If you are under 40 forget about getting Social Security {BloggingStocks}
Apr 4th 2008 1:32PM we need more financial literacy in this country so those who are starting out as well as those later in years can have their finances in good order-not learn the hard way- and keep them there- http://liveyourdreams.designingfutures.tv
we can help
Soros calls financial crisis worst since Great Depression, sees more market declines {BloggingStocks}
Apr 4th 2008 12:38AM Teaching Americans how to bail themselves out and become fiscally responsible and financially educated should be the mission- no one is taught anything in school and no one who can take advantage of that ignorance is offering to teach them either - we are!
http://liveyourdreams.designingfutures.tv
Time to refinance: Eight steps to getting the best deal now {WalletPop}
Mar 19th 2008 5:36PM if you can handle the reset through the term of your prepayment penalty (is the prepayment penalty in effect after the ARM adjusts in december and if so for how long?) try this - it may be an option for you.
Frugal living: I've decided to become Amish {WalletPop}
Feb 18th 2008 8:21PM http:\\liveyourdreams.designingfutures.tv
Stretching out a car loan over 7 years? Are you stupid?! {WalletPop}
Feb 18th 2008 8:01PM why not put on HELOC and pay off in 1- 2 years and you might (check with tax professional) get tax deductible interest and that car that will never be worth what is still owed one year to the next is unencumbered-
if it was for a child- you can sell if he stops making payments-etc. - Check out a better way
http:\\liveyourdreams.designingfutures.tv
