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IDEA: Investment website. Need your opinions

Discussion in 'BlackHat Lounge' started by silkuze, May 24, 2010.

  1. silkuze

    silkuze Newbie

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    (sorry if this is in wrong forum, I'm still a newbie )

    Hello everyone,

    Firstly, sorry for my bad English.
    I've got an idea (hope none of you would "steal" it :D) and I need some of yours opinions about it. The idea is an investment website. Sounds like a HYIP to you? But it's not a HYIP. I'll explain how it would work in just a minute.

    It'd be organized in so called "rounds". First, users invest they're money until needed amount (let's say, $100) is collected. Then, the round goes for specified time, lets say, two weeks. In that time, I trade on forex with their money. When the round finishes, I split the profit. I take part of it myself, and the other part of it goes to my users, depending on their share.

    So, I've got some questions for you:
    1. Overall, is this a good idea for an investment website?
    2. How much is a good sum of money to collect (from all users, not one) before the round starts? More money I'd have, the more profit I would make for myself and for my users, but they probably wouldn't want to invest LOTS of money. So, how much?
    3. How long should the round go?
    4. How much profit should I take for myself? Is 50-50 for me and users alright?

    I'd be really happy to hear your thoughts.

    Thanks,
    Justinas
     
  2. jay2success

    jay2success Registered Member

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    I don't think you will be able to split the profit, mostly you will lost and close the website down. Why? Simple! it's because forex is high risk investment and unless you are very good and has very high experience then mostly you will lost. How good you are in forex? Can you make profit from it? Do you have solid method? Do you have high experience? If not then forget it before they sue you and you go to jail.

    In the past, i also have JV with one person to create similar site, but it's very different site and more safer. It's membership site where members pay recurring payment to get list of profitable stocks. We already have all set but the problem is the stock person is too busy so he don't have time. If anyone has very high stock portfolio then maybe we can JV to bring it back to life.
     
  3. MagicMike

    MagicMike Power Member

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    Don't know anything about forex trading so don't know if you can be profitable... but I do know you better have an iron clad "investment club" agreement with your "investors" or you could be in a lot of trouble "making trades on other peoples behalf" and not being a registered broker/dealer.

    Don't know what country you're in... things may be more flexible where you are than USA... but check it out!
     
  4. Jcsarokin

    Jcsarokin Power Member

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    Its a great idea for you, horrible for investors. They either lose all their money, or make back a small amount because your taking 50% of it.

    That and its risky to invest money with someone you've never met
     
  5. twix70

    twix70 Regular Member

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    I am afraid most people will not invest, it will be virtually impossible to convince people you are of good standing. Still they do say there is 1 born every minute!
     
  6. silkuze

    silkuze Newbie

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    Thank you all for your opinions!

    Yes, I've had experience with Forex, and while I was trading with just few bucks or so, I do make profit.

    Well, I've asked about the profit splitting percent. It could even be like 25% for me and 75% for investors.

    For the second part of your post, I do agree with you, but there are people who invest in stuff like HYIPs and Autosurfs, which are simply ponzi schemes... Forex is a risky business as well, but I think it's much more reliable than HYIPs. And as I've said before, I know how to trade.