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 I was going to wait until next week to post this, but I've decided to take my wife, Linda, to Chicago for her birthday (Monday) and we won't return until Wednesday. We fly out this evening. So here it is... To All Members, I am contemplating some changes to Legisi that will help stabilize the program for many, many years to come. I am looking to diversify our holdings into some much more stable elements. While our Commodities Options and Forex Positions have been extremely profitable, they are also very volatile and may become moreso as we grow larger. Diversifying a large part of our funds into lower risk instruments will mean lower profits and therefore lower rates but it also means much greater longevity and less stress on me. No rate changes will occur until I have the other accounts thoroughly researched and firmly in place and at that time, all members will be able to finish out their current terms at current rates. But I'm thinking that, in 4 - 6 months, Legisi will become 1 single compounding fund paying 6% per 30 days with a $1000 minimum and a 1-year commitment of principle. There will not be a maximum loan limit. What does this mean to the Membership? Well, it's kind of a tradeoff. Current growth patterns would indicate that we will reach the $50M mark in May or June of 2007, if not much sooner. At that time all compounding would end and no new Members or new money would be accepted. All payments would need to be withdrawn. That also means no referrals. But current members would be able to re-deposit their principle until I decide to end the program altogether. With my current stress level, I can see that being a 5 year Maximum time span rather than a 5 year Minimum.  By diversifying into slightly more conservative situations, Legisi would not be able to continue paying 10 - 12.5%. We would lower the rate to 6% per 30 days and become a single fund. But Compounding, New Members, New Money and Referrals would continue indefinitely and the $50M cap would no longer exist. In fact, we wouldn't need a cap at all. We would be able to create a "mix" that would profit the same whether market conditions were rising or falling. We could easily continue Legisi for the next 10 - 20 years, if not longer.  Listen, I know that another rate lowering is not going to create a lot of warm, fuzzy feelings among current Members. All I ask is that you set aside those greedy, "fast buck", "get-rich-quick" attitudes (hey, we all have them, even me) for a second and look at a much larger picture. I think you'll see that this adjustment is definitely the best move Legisi could make for the long term and will benefit us all for a much greater length of time. As we make these adjustments and "cement" our longevity in this so-called "High Yield" arena, Legisi will soon become the standard to which the cheats and scams will be held. They will not be able to compete and we will gradually drive them from the Internet. You, our first-year, founding Members, will deserve all the credit when that day arrives. Thank you all for your patience and your trust. I look forward to your comments... _________________ Legisi Holdings, LLC is NOT an investment company, bank or securities firm. We are not FDIC insured. Every deposit is considered to be a private loan transaction between Legisi Holdings, LLC and its Membership. -- Greg |
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