Awty's Musings

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Awty's Musings
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Posted by: Quartex

Quote

Could we, in the HYIP arena, together, gather enough funds, to get access to some very good traders, forex - stocks - etc., pay them well enough to make it worth their while to work with/for us, with enough capital for them to work freely, put the whole thing together legally and ethically, as a REAL business, and ALL benefit from the combination, while TOGETHER accepting the risk? Yes, I'm thinking. RISKY, but worth it. That's a question I keep coming to more and more... Hmmm..... Possibilities.......

A very interesting idea..! Is this the way forward?

After Nova-Lights, can we ever trust any "HYIP admin" again?

Imagine... the players in the HYIP arena coming together, sticking two fingers up to the "admins" that have been letting us down for years, and going it alone... together.

Creating a shared business owned by the membership, where there is full transparency and democracy in decision making and financial transactions, and where all the financial gains to to the membership, not an "admin".

A business where excellent communication is the norm. Where payouts are set by results, not hype or promises.

A business where a "run on the bank" would be impossible.

A business which could not be brought down by a DDOS attack, a crooked admin or the SEC.

Where the business administrators are trusted individuals, elected by the group, and paid for their time and efforts where results allow.

Where the risk is spread over several real traders doing real trading.

A business which would go fully private and anonymous within a set time.

OK I'm rambling my ideas down here, is this a dream? Or, together, do we have the collective power to make this happen? Would be very interested to see other people's views.

Posted by: panter999

I like the idea..
and the key here is to find the traders..
The rest is possible to acheive.

Regards,
Alex

Posted by: Sstugatz

sure, that sounds like a good idea, and probably is possible but... where do you find and how do you pick the trader?

Posted by: BigDawg

So Awty is now known as Quartex?

Posted by: Anonymous

Quote:

Originally Posted by BigDawg

So Awty is now known as Quartex?

No.

Posted by: Dr. Mac

Greetings all.

Indeed - this sounds like an excellent idea.

As also pointed out, one of the major keys is to find good traders. Note the "s" on the end of that word. Plural!

In some thread or other, one of the heavy-hitters who is converting into trading 100% posted the trading results from 3 traders he is considering to employ.

What came out was that no one trader gets a set % profit every week (of course, that is obvious to anyone) ... but ...

While one trader might do "not so well" this week, the second trader might do much better etc.

In this way, gains (dare I also say losses) are averaged out and should result in a more steady - if not dramatic - graph.

Just putting in some positive ideas and feedback.

Dr. Mac

Posted by: Manos64

many I'm sure share Awty's wishes.

Hope the clamor snowballs..

Posted by: betrdanevr

I think Awty has a great idea, too.

BigDawg, Phil could probably fill us in on who Quartex is.

Terri

Posted by: admin

I have no idea who Quartex is, he or she joined HpHYIPs a few days ago. Terri, Why would you assume that I would know who he or she is, we get about 10 new members a day

Posted by: Quartex

Quote:

Originally Posted by betrdanevr

I think Awty has a great idea, too.

BigDawg, Phil could probably fill us in on who Quartex is.

Terri

I'm not Awty - hence the use of the "Quote" in my original post. I don't understand how anyone could think I was Awty.

Nor do I have any aspirations to run a program or manage others' funds.

I was just floating some ideas. No need for DD.

Let's keep with the original thread pls.

Posted by: awty

Well, I just posted that as an idea, that seems to make sense to me... Whether or not it's possible, I don't know, but that seems to me to be the direction I'm headed, it's just a matter of finding the way...
Jeff
(And, as far as I know, I'm the only 'awty' around, and I don't have multiple ID's anywhere in the HYIP arena...)

Posted by: golddust

I think the conceptual idea is great. Locating traders who are "up" for such an endeavor and their logistics could be the biggest challenge. As we all know, traders have also been blamed for running off with the money.
Then of course the inherent problem of too many chiefs . . . and who would be the "chiefs"? There are those among us who are much better suited for making the choices that would need to be made, then others.

Quartex, I think you must bear with the curiosity as to your identity, especially introducing a thread called "Awty's Musing's". Based on Awty's (the real Awty) respected profile in this (and many other forums), this conceptual idea is credible. However, if you are not Awty, then other members are going to be wary of acting on this idea, without coming to know, through forum participation, etc., your integrity, HYIP knowledge, experience and the like.

No offense intended. Speaking for myself, I am a skeptic.

8-[

golddust

Posted by: golddust

Addendum:

I just read the hpHYIP interview with Awty. NOW is see where this thread originated from, and what Quartex was commenting about.

Just trying to keep up folks, but not always succeeding.

ops:

golddust

Posted by: Quartex

Quote:

Originally Posted by awty

Well, I just posted that as an idea, that seems to make sense to me... Whether or not it's possible, I don't know, but that seems to me to be the direction I'm headed, it's just a matter of finding the way...
Jeff
(And, as far as I know, I'm the only 'awty' around, and I don't have multiple ID's anywhere in the HYIP arena...)

Well, do be sure and let us know if you do "find the way", Jeff !

What a sad state of affairs that we in this HYIP arena have come to, when even a simple post to a forum can arouse feelings like "Who is this character?","Is he impersonating Awty?","Is he trying to scam us?"

No blame is being attached here. Our minds have simply been poisoned by the constant theft of our funds every time we invest with these "HYIP admins". We live in a constant state of jitteriness and distrust. When our money is stolen or mismanaged, we've almost come to expect it.

We have to reassess how we go about things.. Who was it that said, "If you keep doing the things you've always done, you'll receive the things you've always received" - or something similar to that.

In our case, if we keep on throwing money at these "admins", we will continue to haemorrhage cash.

I believe that Awty's idea WILL come to pass eventually, in some shape or form.

Posted by: betrdanevr

Quote:

Originally Posted by hphyips

I have no idea who Quartex is, he or she joined HpHYIPs a few days ago. Terri, Why would you assume that I would know who he or she is, we get about 10 new members a day

Hey, Phil, I was just following up on BigDawg's question; nothing more, nothing less. It only had to do with forum admins having access to I.P. addys or something, at least that's what Mario seems to have on T.G. I meant nothing personal to you, Phil. I didn't intend it as any challenge to ya! :lol: We do live in strange times these days and everybody's gettin' on pins and needles and hopefully it'll rock back to normal soooon.

Regards to all us hphyipers!

Terri

P.S. Now I need to find the interview, too, Golddust! LOL
P.P.S. GREAT interview, Awty. Kudos!

Posted by: droesparky

Jeff

It would seem to me we would still have to trust our money to one person to collect it and place it in a trader account.
Same as a HYI it would seem.

I think if enough of us from the US would get together and form and investment club through a brokerage, we could pump some money in, hire a trader and let him trade stocks. We would have to pay taxes. I think I wouldnt mind taxes to Uncle Sam as oposed to having it stole from me.
Not sure the regs on a invest Club account but there is a member limit I think.

Posted by: jeminc

An interesting read indeed. Would be great if something like this could get off the ground.

Just one thing, Jeff........
budweiser [-X
:lol:
Judy

Posted by: bibinje

it can be done,but every man (or woman)for himself.

Posted by: awty

It's just an idea. So far, I'm trying to plug along, learning trading on my own. In order to do something like I'm thinking RIGHT, there would likely be one HECK of a lot of work involved, and quite a bit of overhead expenses. Which is why I called it 'musing'...
It's just an idea, but I'm thinking there are possibilities...
As for me? I don't want to run anything like that, but I'd help out where I could. From what I gather, there are people in the HYIP arena with some of the skills required...

Anyway, I was just wondering out loud, when I wrote it.... Appears some are thinking that it might work, as well... Don't really know, and I don't have what it takes to put something like this together...

But, something I consider from time to time...

I suppose if some wanted to take this approach a little more seriously, what do people think would be the first step?

For me to even consider it, it has to be all above board, legal, and ethical.

Anyway, the mind wanders at times...

Just my opinion,
Jeff

Posted by: poolforprofits

Isn't there a well known forum that has already tried to do this, who are now cosidered to be scammers?

Posted by: awty

Quote:

Originally Posted by poolforprofits

Isn't there a well known forum that has already tried to do this, who are now cosidered to be scammers?

That was my personal understanding. I have been known to be wrong before, and 99.99999999999999% sure I will be again.

I've seen no proof of actual trading, personally, and from what I can tell, and can find, nobody has seen trading records showing the kind of amounts being traded that would support an entity with the amount of funding that would be required.

Somebody, PLEASE correct me if I'm wrong on this!!!!!!!!!!!!!

Just my opinion,
Jeff

Posted by: panter999

Quote:

Originally Posted by droesparky

Jeff

It would seem to me we would still have to trust our money to one person to collect it and place it in a trader account.
Same as a HYI it would seem.

I think if enough of us from the US would get together and form and investment club through a brokerage, we could pump some money in, hire a trader and let him trade stocks. We would have to pay taxes. I think I wouldnt mind taxes to Uncle Sam as oposed to having it stole from me.
Not sure the regs on a invest Club account but there is a member limit I think.

hmm.. I sometimes wonder if americans know that there is an existing world outside the United States.....
Your idea is great, but that woulld mean this club is not open for the rest of us...
And that we woulld have to organise clubs in each area of this world...

There is really no problem to have someone trade for you..
In the sense of your money not being stolen..
I can give anyone axess to my trading account..and he/she can trade for me..But ONLy I am able to transfer money to my bankaccount from the tradingaccount.

Finding good traders..thats the tough part..
After that...of course..there woulld need to be some sort of managment.. IBC can be created and a board elected..
these things CAN be worked out if there is a will.

As for taxes...I have NO clue whatsoever whay everyone finds it so difficult to know how and what to pay taxes for....
whatever you make in profit..declare that as an income and you will not have to feel guilty for not paying taxes...
this is something that works all over the world..

an IBC is not illegal...
what IS illegal is to hide and avoid to pay tax in the country you reside in from your income wherever it comes from.

Regards,
Alex

Posted by: elementAU

The issue would be the participitants would have to stop trying to earn 1% a day over a smooth time frame. I don't think trading works that way.

The group would have to decide it would accept something like 3-5% a week, with some going to insurance funds and some going to other managed traders.

It would also have to understand that 3-5% is an average and that the group could go 5 weeks and see nothing and then
have a string of good weeks.

Everyone would need to assure the group that they are paying taxes in their individual counrey to keep the abc's out of things.
Give Ceaser his what he is due...someone once said.

Traders could audition for a part of the group;s business.

Just thinking out loud.

Posted by: awty

So, yes, problems. But, is it possible/practical?

Just wondering,
Jeff

Posted by: Quartex

Quote:

Originally Posted by awty

So, yes, problems. But, is it possible/practical?

Just wondering,
Jeff

None of the problems above (IMHO) are insurmountable, although I think that such an endeavour would need a lot of careful planning and organising, before getting off the ground. Time should not be a factor.

As long as there is shared accountability for funds, with sufficient checks and balances, the chances of any fraud should be minimised.

Of course, this organisation would be vulnerable to scammers coming forward as "traders" offering to place funds. DD would need to be exceptional, and investments diversified.

Back to my original point, is it really a viable option, after Nova-Lights, to continue giving money to admins who make (and change) the rules, refuse to divulge trading or financial information (for "privacy" reasons, of course!) and who seem to undergo a profound and evil change as soon as their e-gold accounts reach a certain level.........?!

Just a few thoughts

Q

Posted by: awty

Well, I THOUGHT that I had found something similar in CMTC earlier. But, that's not been without it's share of problems. And, no, time should not be a factor. Doing it RIGHT should be top priority.
Jeff

Posted by: Quartex

Quote:

Originally Posted by awty

Well, I THOUGHT that I had found something similar in CMTC earlier. But, that's not been without it's share of problems. And, no, time should not be a factor. Doing it RIGHT should be top priority.
Jeff

Yes, what happened there with CMTC ? Are they trading yet ?

Posted by: BritinTexas

Hi Quartex

Yes, CMTCfx are trading and their trading results, since they commenced, can be found at www.cmtcfx.com.

Best wishes,

Dave

Posted by: Quartex

Quote:

Originally Posted by BritinTexas

Hi Quartex

Yes, CMTCfx are trading and their trading results, since they commenced, can be found at www.cmtcfx.com.

Best wishes,

Dave

Thankyou Dave.

Posted by: droesparky

I was talking about a US bunch because of tax a legal reasons and not trying to leave any other nation out.

Legaly speaking we have a recourse if someone cheats us and its a all US club. If we have other countries involved then we have the problem of dealing with them legaly.

Nothing else ment by US club.