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

RobTang

Dabbler wrote: »

Well here is the thing, if Cashbax is being used as an alternative to discounting (which is the general idea, that rather than discount by 50% you pay the marketing fee of 25% and the customer gets a bigger discount in 7 years), what have people lost if it all goes pear-shaped?
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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.)

Tryhardereverytime

THis is my first post as I was told about the web discussions regarding Cashbax - I have a business - a very successful business & I was approached by one of their Agents - In my decision making process I thought I would checkout what had been written about this company -I have background in finance - albeit 25 years ago but these skills once learned never leave you ! For those of you who"think" they understand this new marketing concept - TRY HARDER ! - For those of you who think it is impossible to succeed - fasten your seat belts - it is ready to fly - for for those of you who seem determined to be negative about this Company - it seems pretty clear to everyone - you must have a personal grudge against someone somewhere along the line ! For my business - it is fantastic - I have made sales offering buyers a Free Cash Reward ! Dont bother asking me to coment to your questions - I am too busy to spend time on this type of "discussoin forum!" Way to busy ! Smile

edinburgher

I have background in finance - albeit 25 years ago but these skills once learned never leave you ! For those of you who"think" they understand this new marketing concept - TRY HARDER ! - For those of you who think it is impossible to succeed - fasten your seat belts - it is ready to fly - for for those of you who seem determined to be negative about this Company - it seems pretty clear to everyone - you must have a personal grudge against someone somewhere along the line ! For my business - it is fantastic - I have made sales offering buyers a Free Cash Reward ! Dont bother asking me to coment to your questions - I am too busy to spend time on this type of "discussoin forum!" Way to busy ! Smile

While this whole post sucked (there's really no other way to say it), this gem made me think of the moment in Dragons' Den when an investor says 'I'm out':

Way to busy

LRDB

It is interesting that no effort has been made to refute anything stated in my last post. Instead of answering the questions lets get the post taken down.

robmar17

The 4% required each month to make this work trading the forex markets is easily achieved. Presently with all the doom and gloom in many of the world markets, the returns I am showing using the exclusive software trading on auto 24 hrs a day is many times better than that. Ask Stewart or Frazer. They have my figures. Also, I am licensed and as such I am a regulated trader. They also have a copy of that license allowing me to trade third party accounts with a limited power of attorney. All that this great concept requires now is a pick up in the British economy, particularly the housing market. If you can't first afford the house or cant get a mortgage if needed, then you cant possibly get 25% or 50% back. But let me assure everyone here, that from my perspective, as a trader, the concept is completely feasible, verifiable, and legitimate.

robmar17

I am talking about safe, conservative trading. Fifteen hundred or so small low risk transactions in the market every week, each one representing a risk of less than 1% of the capital at any one time, then taking a small profit or small loss with a very tight stop loss, and trailing stop loss. Most trades last less than 15 seconds, some are completed faster than a manual trader could blink. The small profits exceed the small losses many times over. And before anyone asks, yes development of the software was a huge investment.

robmar17

ILW wrote: »

4% per month is complete dreamland over and extended period. It is just as likely to lose that amount.

That statement with todays trading strategies and technology is absurd. Do you seriously believe that the major banks like Citigroup, JP Morgan Chase and HSBC make their billions in profits from mortgages and trading the money market. Also be assured they expect to earn much more than 4% a month. According to the Bank of International Settlements in Basel, the daily turnover in the foreign currency markets exceeds 3 trillion US dollars. It is also acknowledged that 90% of trading is for sheer speculation rather than for the purchasing or selling of currencies for import and export. Do you think that kind of volume just comes from Tom, !!!!!!, Harry and me!

ILW

robmar17 wrote: »

That statement with todays trading strategies and technology is absurd. Do you seriously believe that the major banks like Citigroup, JP Morgan Chase and HSBC make their billions in profits from mortgages and trading the money market. Also be assured they expect to earn much more than 4% a month. According to the Bank of International Settlements in Basel, the daily turnover in the foreign currency markets exceeds 3 trillion US dollars. It is also acknowledged that 90% of trading is for sheer speculation rather than for the purchasing or selling of currencies for import and export. Do you think that kind of volume just comes from Tom, !!!!!!, Harry and me!

Just bear in mind that for every trade there is a winner and a loser. So for anyone to make 50% Profit pa that is a loss to others.

robmar17

Yes thats perfectly true, and if you dont want to be a part of cooking the cake and feeling the heat, then you should stay out of the kitchen.

ILW

robmar17 wrote: »

I am talking about safe, conservative trading. Fifteen hundred or so small low risk transactions in the market every week, each one representing a risk of less than 1% of the capital at any one time, then taking a small profit or small loss with a very tight stop loss, and trailing stop loss. Most trades last less than 15 seconds, some are completed faster than a manual trader could blink. The small profits exceed the small losses many times over. And before anyone asks, yes development of the software was a huge investment.

Safe conservative trading does not produce 50% returns on a regular basis.