Cashbax - Should I take the gamble and go self empolyed with them?

dacouch

dacouch wrote: »

It's such a good system that I can see it replacing mortgages in the next few years. You pay your mortgage company the marketing fee say 30% of house price. In just seven years those cleverer people would have made amazing gains that the bank who gave you the mortgage own investment staff could not do. It would be enough to clear the remaining 70% of your mortgage and get this they also give you the 30% marketing fee back.

Normal mortgages are so last year

Stymie wrote: »

you're getting there slowly.........

It was a sarcastic comment, which also demonstrates how ridiculous their predicted returns actually are.

jamesh01

dacouch wrote: »

It was a sarcastic comment, which also demonstrates how ridiculous their predicted returns actually are.

I think maybe Stymie was being sarcastic... missed that one perhaps??

Stymie

jamesh01 wrote: »

I think maybe Stymie was being sarcastic... missed that one perhaps??

Gotta say - i have a different view having met with Stewart, Tony and Frazer - this is a complete no brainer for me,
My advice is stay in your dead end jobs - keep watching Eastenders and Corrie, splash out down the pub on the weekend, keep bleating about your lot and leave this to people who want to succeed and get on in life.......

Live with passion, help others and make money - sounds like a nightmare........!!

jamesh01

A very enticing thread this one. I don't often frequent forums because I find they are full of people talking about living/ being successful instead of just getting out there and doing it. Sitting on the sofa I think Stymie called it. Who by the way seems to be one of only a few sensible people on here!

Obviously there are some highly 'decorated' users here with thousands of posts which means they must know everything (yes sarcasm just in case there is any confusion) It amazes me that so many users here are having to resort to bad language and the word 'scam' to try and make something stick with no real evidence to suggest they are not doing what they say they are doing. How qualified are these people?? Are they traders with a history of showing returns?? doubt it because they wouldn't be sat here.

FATBALLZ wrote: »

You have to ask why if these people can make a 4% a month return on any amount of money, they don't just get a bank loan for a few million quid at 5% pa and make loads of profit, rather than wrapping it in in some elaborate scheme that makes no sense that they have to sell to both consumers and businesses.

Getting a bank loan for a few million quid??? at 5%??? erm... ok not in touch with reality here. Please let me know if you see any £3m loans floating around because i'll be first in line! Maybe Halifax? Please don't talk about things you don't understand. This is way more complicated than you could comprehend. But rest assured people like me will go to banks for loans for similar activities and funding for businesses that will do so. Build up a trading history and apply for higher and higher amounts in order to grow. That is business, is it not and guess what i'll be using your money that you safely squirrel away each month in your ISA. Thank you.

CapJ wrote: »

Here is the killer argument - lending, even on mortgages is not risk free. Prime mortgages (low risk) have interest rates of approximately 4-6% for new lending. So if Forex trading with an interest rate of 4% a month is truly so risk free, how come all the banks with all their millions and super clever traders don't put all their money into Forex instead of just a small part?

The reason traders generally use a small part of it is to diversify and spread risk. Some more risky traders naturally trade more and inevitably the bubble bursts. Sensibility is the key factor here. After all banks use your money to trade with and we wouldn't want them to loose it would we? In-fact they don't even use it, they leverage it. But let's not go there. Greed is driving your comment here. Hardly a killer argument. You said it there, it's an argument to you. Not a debate, which is what should be happening here.

Richardc wrote: »

The only people I see condemning this are people who are ignorant of how the financial markets work. Here's how this works in a simple way for all to understand... The seller advertises products and services with cashbax - this can be 100% or just 10% - in 7 years time. The buyer buys the product and the seller has to pay a marketing fee relevant to the reward in 7 years. In 7 years, the seller gets their marketing fee back + some profit and the buyer gets their reward. Here's the sticky bit - Cashbax take the money an pass it to a financial institution. Some of the top traders in the world use that money to make more - lots more. Now, most people don't understand how that works, and that is fine, and they only hear of the rogue traders that loose billions. Ok, but, for everyone that loses, there are those tha tgain. With Cashbax, their traders are returning a good profit. If it is a scam, why would the sales people coming in not have to pay? If it is a scam, why can the interested parties take part payments early if they wish...? I am in and so far, thir promises have held. You stay on the side lines if you wish - not everyone has the courage to see a new venture for what it is and wants to damn it all the way. Those people stay poor and whine everyday. your call

ashleypride wrote: »

Me thinks it is you who is completely clueless how 'financial markets' work.

Richardc has presented a perfectly logical argument but instead you say he is clueless on financial markets. @ashleypride what are your credentials please... Do you work for a living? Or are you an active and experienced trader/ investor capable of sustaining passive income from your wealth of knowledge? and presumably savings? Me thinks not!

I would bet that all the sceptics on here have an ISA or maybe a savings account? Particularly as we are on "money saving expert" Where do you think your interest comes from? If you don't grasp this then I would stick to saving money instead of talking about how (not) to invest your money. Leave that to the professionals, leave these conversations for the investment forums and stand by the sidelines.

CapJ wrote: »

Much surer than I am that CashBax will make any money!

Let me put it like this, the banks I have invested it have made money every year, including during the crisis. They have retail arms and wholesale arms. These continue to make money.

All of which is besides the point. If Cash bax really can make as much money as they claim why not do it? Why do they need a complicated scheme to attract money? Get people to invest the money in the underlying trading process if it actually works! The fact that you have tried to set up a cashback scheme to get access to people's money to trade with, instead of just getting investment, shows how little you would be able to convince people you can make money - and that is because you can't. People that believe they can make the sort of money you seem to think you can make normally lose everything.

Banks you have invested in?? Are you a shareholder of a bank? a Director? Is that you Mr. Buffett? or do you mean your Lloyds bank account hasn't dissapeared to the bahamas or gone down? (you are at risk - northern Rock, case in point) How much money? 3%? 3.5? They need peoples money to make the system work. Otherwise they would just be traders. Which they might not want to be? What you need to ask is WHY. Perhaps there is a bigger picture? Why does anyone do anything? Why do people get out of bed in the morning instead of just lying in and claiming doll. Seems like a very complicated way of getting money- working. For the record most HNW's keep well clear of banks. They use them for what they have to when they have to, but otherwise they keep their money far away from them playing with it.

As for the technical bit. It is possible to create 50% a year. Yes statistically you have a 50/50 chance of winning/loosing. However Robmar17 isn't saying that he will do that each month. He is saying 4% is possible conservatively each month. 48% over a year. This is not taking into account compounding which would equate to much more. Which I won't go into because it would be wasted.

RobTang wrote: »

Personally for say a £10,000 id rather pay £5000 for it now (and have some fun with the other 5k) than wait 7 years for a full return (which would not really be a full return due to inflation).

Smaller items, I dont see the point of waiting 7 years, and bigger items im too scared of your financials to take the plunge.

And the Swiss angle doesn't really add anthing for me, I don't see how any sort of investment in Switzerland is any safer than anywhere else.

I just dont see how it can get enough critical mass buy in from retailers and even customers to really make it work (assuming the financials are watertight.)

As for the completely bizarre quote from RobTang. Blimey, You end up with your money back and the item. So if you work on the example of his £5k he doesn't spend having fun (down the pub). He receives his item and then 7 years later he receives his profit. That means that inflation would have to be an incredible amount over the next 7 years??? 15% pa!!! Too scared with larger financing? "fair do's" at least you say it, which is fine but your figures are sooo far out I would recommend educating yourself better.

If say the financials are watertight? Which I don't know. I would more than expect the mass to be enough. Don't forget there will be large private investors in this sort of thing as well. Seeing an good opportunity to make money. Possibly even banks will want to get involved when it starts producing well. You just won't hear about it. They'll all make a fortune. All the "high street" systems will be leaned down to make more believable for the sceptics and Customers and retailers will be happy with a good system that works. IF it works? I'm not saying it will.

Current inflation is 3.6% Anyone getting that in their ISA/ or their house at the moment?

One final comment;

There doesn't seem to be one glimmer of financial sense on here, however I look forward to all your comments. Please leave the stupid "your first quote/ new user stuff at the door" That is not an indication of someones intellect/ understanding/ experience but simply the fact they have just registered on this forum. I also don't wish to get involved in Cashbax, not because I don't think it will work but because I 'do what I do' and it works very well. I just had a spare hour and saw this thread. I actually quite like the Cashbax model and can see that it could work very easily but I have a greater grasp of trading than most. For anyone who wanted a reasonable income with little work it's a great idea.

As Stymie said, continue going about your lives, whining on forums, paying higher taxes, locking all your money up in mortgages which may well be worth-less in these economical times, watch interest rates rise, apply for your pay rises, collect your Tesco points and enjoy the pub. Look forward to retirement! Do what you were all taught to do because the 1% need people like you!!!

If you want to do better, then you should seek to learn. There are many people out there capable of great things from which you can learn but if your attitude is a negative one, you will get nowhere.

Cheers!

"Negativity attracts negativity"

Emmzi

http://forums.bluemoon-mcfc.co.uk/viewtopic.php?f=5&t=195401

I cannot find a genuine personal blog post from anyone who has actually had "cash bax" from them. And I will not have any trust until I do.

Testimonials on their own web site do not count.

Stymie

Great point JamesH01 - the 1% need the 99% to think in a certain way - it enables the 1% to live rich fulfilling lives while the 99% procrastinate and dream,
I am not saying cash-bax is the answer to financial freedom but is is both creative and innovative and I think Stewart and the team should be congratulated - it is certainly a step in the right direction, a new way of thinking.
WAKE UP guys and girls - the world is changing! FAST

Emmzi

Stymie wrote: »

WAKE UP guys and girls - the world is changing! FAST

LMAO. Go push your magic beans elsewhere and come back when you have some hard business results.

ILW

Have the company published their financials yet?

Stymie

Emmzi wrote: »

LMAO. Go push your magic beans elsewhere and come back when you have some hard business results.

I'll keep my magic beans for myself,
My business results are not for discussion here and never will be - all I am saying is do not be ignorant to what is around you. You may not like it, but to actively discourage others when you have no logical argument seems a little childish to me.

dacouch

For an example of a Ponzi scheme fast forward this to 45:40 http://www.bbc.co.uk/iplayer/episode/b00vdg45/New_Tricks_Series_7_Fashion_Victim/