STTS Investment

[JoshEdward]

Originally Posted by stuffystuffy

Still looking for website design? I sent you an email not sure if you got it.

Yap, i'm still looking for one. I will look into your application and notified you soon

Originally Posted by mastermesh

Josh is still around, just a little slow in replying to PMs or emails sometimes. I think investment opportunity is currently closed, but that does not mean it won't be open in the future. If nothing else, Josh has mentioned that it might be possible to "trade" investment stts points, so it may be possible that if future investment opportunities remain closed, current folks that are invested may have the opportunity to sell their stts points off to new investors?... details still are in the works.

More or less what i got in mind Sorry with the slow reply. Been busy drafting proposal for converting STTS investment to STTS shares. Hope to have it ready soon

[JoshEdward]

Done another updates to the balance of STTS investment account.

Investment Account 0004

[mastermesh]

looking foward to seeing the new investment plan strategies you are working on Josh. Please post em to the social group when you have more details.

[Mukke]

It's amazing how people still fall for the Ponzi schemes in every shape and form people can come up with.

Anyone claiming to offer 1.5% (or however much it is) return on a weekly basis (=87% anual return) is either fraudulent or unrealistic. You decide which it is.

Caveat emptor!

[alh]

Originally Posted by Mukke

It's amazing how people still fall for the Ponzi schemes in every shape and form people can come up with.

Anyone claiming to offer 1.5% (or however much it is) return on a weekly basis (=87% anual return) is either fraudulent or unrealistic. You decide which it is.

Caveat emptor!

For being a ponzi scheme, its very open with exactly what he do with the money, and publish all numbers here:
JoshEdward’s Smart Trade Terminal Solution (STTS)

Ponzi schemes usually aren't very specific about that, and give you no possibility to track the progress of it (since there is none...)

[Tinkis]

As I understand this 1.5% is from refunds and if you don't take it back after one week and leave it untill another week. I think we could get rid of this %. As an investor I'm interested to see operating funds growth as it meens that more stuff will be bought and more profit will be made. In case I was not an investor - if I don't take my refunds back after one week that would be just because I don't want to take small amounts and want to wait till more weekle refunds will acumulate and take all refunds at one time. In that case I wouldn't expect my refunds to grow if I don't sell TT stuff to STTS. If we are still going to use 1.5% interest rate for left refunds i think we will make a big mistake.

[JoshEdward]

Originally Posted by Mukke

It's amazing how people still fall for the Ponzi schemes in every shape and form people can come up with.

Anyone claiming to offer 1.5% (or however much it is) return on a weekly basis (=87% anual return) is either fraudulent or unrealistic. You decide which it is.

Caveat emptor!

Ok , i will deal with this in professional manner. Before starting with investment, i got like 2,500 PED operating capital on hand. I had been accepting TT stuff on daily basis and the supply of it far exceeds the operating capital on hand. Lets say the stuff that i accepted had 103% (very prudent) market value. I had been able to do a complete operating capital cycle (accept 2,500 ped of TT stuff and sell most of them) for 4-5 times weekly. 3% profits from mark up X 5 times = 15% less 70% refunds = 4.5% profits weekly.

Now the investments come in and provide me with must needed additional operating capital. I don;t see why i could not afford to provide interest from investment of 1.5% weekly base on my calculation above.

Furthermore, i will emphasis that most of my investors are satisfied customer of STTS plan. All the dealing had been recorded and all refunds had been made without any hesitation. Please refer to the links provided my alH above or search around for my STTS thread at the services area.

Last but not least, i had always encouraged criticism and feedback on STTS plan so that i could work out what's the best solution and become better through that. However i do think that your accusation is absurd and baseless and could affect my hard earned reputation. So i would like to demand you provide me with any evidence linking me to the "ponzi scheme" that you claim or else let this matter rest.

Regards,

JoshEdward

[JoshEdward]

Originally Posted by Tinkis

As I understand this 1.5% is from refunds and if you don't take it back after one week and leave it untill another week. I think we could get rid of this %. As an investor I'm interested to see operating funds growth as it meens that more stuff will be bought and more profit will be made. In case I was not an investor - if I don't take my refunds back after one week that would be just because I don't want to take small amounts and want to wait till more weekle refunds will acumulate and take all refunds at one time. In that case I wouldn't expect my refunds to grow if I don't sell TT stuff to STTS. If we are still going to use 1.5% interest rate for left refunds i think we will make a big mistake.

Feedback noted. I will take consideration on your proposal and discuss further in our social group.

[Sparhawke]

I am not an investor but I dont think this is a ponzi/pyramid scheme in the least, what Josh has stated earlier is that profits will come out of the sales generated and not out of earlier investments, no-one forces people to invest a set amount of money..it could be 10ped or 1000ped.

The choice is upto you which differs from pyramid schemes where there is a set price to pay.

If investment was still open I would put in a few ped as I see it as something with exponential growth in the future...especially when new planets come online and newbies start coming in.

[mastermesh]

It's definitely not a ponzi scheme... but I could see how you would see it as that due to the recent addition of the investment plan and the way that the interest thing wasn't explained out in super duper simple terms that made it super clear to everyone what the heck was going on. The investors social group is still discussing how to do the dividend type payouts and things... so that it's more of a real investment plan based on % of profits rather than an interest bank type account thing that is based on % of start up cash. The plans are coming along, but can't be released to the public yet since some fine details are still being worked out so that things are "safe" and working legitimately, fairly, and well for all involved.

Buying stuff at tt prices and selling above TT prices is just about the ONLY way to actually make any profits in this game... the hunting/mining/crafting path is very risky since you could lose every pec you feed in to the system over time. The buying stuff at a price above TT values is highly risky since market can crash on any one item at any given time, causing the markup you paid to drop like a rock in water fast... paying TT prices seems to be the ONLY way to really profit and do so safely... STTS just takes that idea and expands it to get others involved, which makes it even more safe in a lot of ways... It could be considered reselling, maybe, but doing so in a good way, since it actually causes markup to go down instead of up like the tons of resellers in this game that don't work with others as much as Josh has been are trying to do in their greedy ways. STTS is just about the ONLY fund in game that looks like it actually will work.

Entropia Investment Fund started out very similar to STTS but messed up in my humble opinion since they bought a lot of TT=0 items, which made them unsafe since now they are basing a lot of their base money on speculation, in hopes that the prices of those items (LAs, Hanger, and Mall Shop) actually go up in price, when they could very well go down over time as new planets, possibly filled with lots of new LAs enter the game (more supply = less demand = lower prices). Before STTS EIF appeared to be the only fund worth getting in to... now STTS is the fund to get in to and stick with... especially since it focuses on helping the entire community since anyone can TT stuff to it, unlike EIF...

Consignment deals are the key to greatness in this game, I think... since they allow various components of Calypso to work together to accomplish goals, similar to the ways that MA seems to want us to do... STTS is one form of consignment so it's not a ponzi deal at all...