Im saving around $500 a month

Aimster

Lifer
Jan 5, 2003
16,129
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Besides the bank any other suggestions?

I plan on keeping it in the bank savings for a good 3-4 years.
 

TerranForces

Banned
Sep 6, 2005
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Put it into a forex fund like FXIG. They'll pay around 15% interest a month. If you don't have enough for the minimum ($5000 I think), you could try something like www.feederfund.net. They pool your money and let you get into the top investments for a small fee.
 
Aug 26, 2004
14,685
1
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Originally posted by: TerranForces
Put it into a forex fund like FXIG. They'll pay around 15% interest a month. If you don't have enough for the minimum ($5000 I think), you could try something like www.feederfund.net. They pool your money and let you get into the top investments for a small fee.

15% per month?

shens
 

Perknose

Forum Director & Omnipotent Overlord
Forum Director
Oct 9, 1999
46,844
10,606
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Originally posted by: b0mbrman
Originally posted by: TerranForces
Put it into a forex fund like FXIG. They'll pay around 15% interest a month.

15% a month? That's unpossible...
And measly compared to my instant 50% return fund. You send me $500 each month, I cut you a check for $250. But wait, there's more! For a small processing fee, I even sign the check.

 

TerranForces

Banned
Sep 6, 2005
272
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I really don't feel like making a huge post explaining Forex again, but 15% is more than possible. Below are the returns for FXIG since the beginning.

"FXIG Performance

Figures below show the Net Trading Profits (after Fees) to the FeederFund. Profits will be reported around the 5th of each month for the previous month.

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total
2002 9.1 22.2 19.0 19.1 25.7 20.2 19.9 21.7 316.6
2003 12.3 14.2 25.4 11.9 15.6 33.7 30.1 21.6 10.6 13.1 8.6 21.0 623.2
2004 21.7 14.4 34.6 30.9 32.4 17.4 23.5 27.7 24.5 24.9 26.2 17.1 1281.9
2005 16.2 16.0 22.8 21.3 21.3 21.6 19.2 22.1 19.4 414.5

Average Net Monthly Profit for 2005 - 19.99% | Total shows net compounded return"
 

Evadman

Administrator Emeritus<br>Elite Member
Feb 18, 2001
30,990
5
81
Originally posted by: TerranForces
I really don't feel like making a huge post explaining Forex again, but 15% is more than possible. Below are the returns for FXIG since the beginning.
that means you put in 5000, and get 3.5 million in 4 years. if that were true, everyone on the planet would be in it.
 

shilala

Lifer
Oct 5, 2004
11,437
1
76
Originally posted by: TerranForces
I really don't feel like making a huge post explaining Forex again, but 15% is more than possible. Below are the returns for FXIG since the beginning.

"FXIG Performance

Figures below show the Net Trading Profits (after Fees) to the FeederFund. Profits will be reported around the 5th of each month for the previous month.

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total
2002 9.1 22.2 19.0 19.1 25.7 20.2 19.9 21.7 316.6
2003 12.3 14.2 25.4 11.9 15.6 33.7 30.1 21.6 10.6 13.1 8.6 21.0 623.2
2004 21.7 14.4 34.6 30.9 32.4 17.4 23.5 27.7 24.5 24.9 26.2 17.1 1281.9
2005 16.2 16.0 22.8 21.3 21.3 21.6 19.2 22.1 19.4 414.5

Average Net Monthly Profit for 2005 - 19.99% | Total shows net compounded return"

I got an email from Peter Bender that said the same thing. :)

Buy Real Estate, junior. It's as good as it gets unless you can get in on the ground floor of Paypal, Google or Walmart. They have time machines at ebay...
 

TerranForces

Banned
Sep 6, 2005
272
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I've been in 3 forex programs for close to a year and have tripled my money. I was in a 4th which went out of business, but they refunded my money.
 

tyler811

Diamond Member
Jan 27, 2002
5,385
0
71
Originally posted by: TerranForces
I've been in 3 forex programs for close to a year and have tripled my money. I was in a 4th which went out of business, but they refunded my money.

Need a referral brother to get into the site

 

inhotep

Senior member
Oct 14, 2004
557
0
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look for the best CD rate and put some there. Look for the 3 month 3% ones.
Money Market account.
most importanly, do you want to use the money soon or more like savings type like iras, etc?
 

TerranForces

Banned
Sep 6, 2005
272
0
0
Originally posted by: tyler811
Originally posted by: TerranForces
I've been in 3 forex programs for close to a year and have tripled my money. I was in a 4th which went out of business, but they refunded my money.

Need a referral brother to get into the site

I forgot they went private already. I have to reset my cookies.

I guess I can't post mine since I will get flamed for spam. Just do a google search.
 

vi edit

Elite Member
Super Moderator
Oct 28, 1999
62,484
8,345
126
It's just a question of risk. There really isn't a whole lot out there that will guarantee funds at interest rate that is better than what a standard savings account will net you.

ING Direct is one of the better ones. It normally has some of the highest paying interest with virtually no credit risk.

You could dump it into an index fund or some decent performing ETF's, but there is no guarantee in security of principal under those.

 

vi edit

Elite Member
Super Moderator
Oct 28, 1999
62,484
8,345
126
Originally posted by: TerranForces
Put it into a forex fund like FXIG. They'll pay around 15% interest a month. If you don't have enough for the minimum ($5000 I think), you could try something like www.feederfund.net. They pool your money and let you get into the top investments for a small fee.

LEGAL DISCLAIMER

ALL TRANSACTIONS WITH FX INVESTMENT GROUP ARE PRIVATE NON-BUSINESS TRANSACTIONS, WHICH MEANS THAT THEY ARE EXEMPT FROM THE U. S. SECURITIES ACT OF 1933 AND ALL AMENDMENTS THEREOF, THE SECURITIES EXCHANGE ACT OF 1934 AND THE INVESTMENT COMPANY ACT OF 1940 AND THE RULES AND REGULATIONS THEREOF, AND ANY OTHER SIMILAR ACTS FROM ANY OTHER JURISDICTION. THEREFORE, ALL THE INFORMATION YOU RECEIVE FROM FX INVESTMENT GROUP IS OF PRIVATE INDIVIDUAL NATURE AND IS NOT AVAILABLE TO THE GENERAL PUBLIC.

FX INVESTMENT GROUP IS NOT REGISTERED WITH ANY RECOGNIZED INSTITUTE AS A FINANCIAL ADVISOR OR DEALER IN SECURITIES AS PER THE INVESTMENT ADVISORS ACT OF 1940 OR ANY OTHER SIMILAR ACT FROM ANY OTHER JURISDICTION.

FX INVESTMENT GROUP IS NOT LICENSED AS A BANK OR SECURITY AGENCY AND DOES NOT OFFER SECURITIES.

FXIG is incorporated in Belize, because of regulatory and tax advantages. You can reach us by using the contact us page. Please also note our certificate of incorporation for due diligence purposes.

Not really my cup of tea. Maybe you can make a lot of money with them. But it just seems a bit shady to me.

 

TerranForces

Banned
Sep 6, 2005
272
0
0
FXIG is relatively new, but its long term stability looks decent so far. The key is to diversify. Club4x and ITS are great also.
 

Taggart

Diamond Member
Apr 23, 2001
4,384
0
0
Originally posted by: TerranForces
Put it into a forex fund like FXIG. They'll pay around 15% interest a month. If you don't have enough for the minimum ($5000 I think), you could try something like www.feederfund.net. They pool your money and let you get into the top investments for a small fee.

hedge fund?
 

TerranForces

Banned
Sep 6, 2005
272
0
0
Here is a great blog with someone's forex experiences. You can see that it is easily possible to make a lot of money through this. However, if you are a beginner or don't much time, you can have a company do it for you. FXIG is the most popular site right now and they have some very good traders.

http://www.myforextrading.blogspot.com/