A little candor and a little respect early on when requested would have avoided all this. It was your choice.
Mr. Reza, the poll still indicates the finger to you! Take your behavior elsewhere, and be ashamed that your poor daughter will possiby grow up with you in jail or worse. Find a respectable job and provide honestly for your family. She doesn't care if you have a Ferrari, she cares that you are there. This is a serious post.
FCM, It's a pretty good group of members here. Having said that, I think while rooting out a potential scammer, they think you are acting as a reference or making claims yourself. That's not what I've read from you. Never the less, if you've just come in to speak your peace, I think you've done it. If you have an interest in cars, then perhaps stick around and build your own reputation here.
Okay, I'll bite. I found out about Reza through a mutual friend. Needless to say I was impressed with his lifestyle and being as curious as I am, I decided to look into what he does. I enquired with some of our mutual friends and I heard the SAME thing from everyone. Every one of them used the SAME term - Ponzi Scheme. Now, keep in mind these were not his enemies, these were his friends, and they were genuinely concerned for his family, in fact they are convinced he'll either be in jail or on the run within the next couple years. Naturally, this upset me, so I approached Reza through his instagram, anonymously, and being the only one of his many followers that wasn't a teen or looking to stroke his ego in exchange for some sort of handout, I was very quickly blocked. Every attempt I've made since then has also been blocked immediately. Reza is not a man of his word, and people deserve to know this. He rules his social media with an iron fist, no negative comments last - in fact after he blocks negative comments he often writes a response showing some kind of triumph. I don't have actual evidence to prove he is a fraud, and I don't care to do that. However, I do sympathise with those who have lost their life savings to Reza, who shamelessly flaunts it as his own genius CEO crushing skills. Good luck in the future Reza. My vote is against you. I hope that this forum saves someone from trusting you with their hard earned life savings. I have no respect for Ponzis.
It is refreshing to see counterpoints in the know... Thank you for taking the time and effort to protect others. * This is truth or karma, either way it goes on the + side.
Word to the wise, any one claiming guaranteed returns in the double digits a year is not doing something legit. Claiming that on a monthly returning is completely bogus. Sure some traders can a few good months, or a year or two touching 10-12%, but not long term. Nobody can predict or read the market. Anything could happen to rock it, and then you lose.
This just in- An unscientific analysis has determined that this "poll for delete idea" has FAILED. Image Unavailable, Please Login
Give it thirty days. I have it on good authority that it will appreciate exponentially if we all keep the faith.
A couple days after Reza's first "2 Million Man March" threat, and we're still 1,999,981 posters short. KEEP THE FAITH, THOUGH!
This is not correctly stated. "Double digits" a year isn't a problem. There are many funds that have legitimately claimed returns of 20-30% per year, in a good year. Over the long term, they tend to revert to lower returns of single digit % or low double-digit %, but for some period they have a good run and they can legitimately claim double-digits per year. Double digits per month annualized over the period of a year is a different story. 10% per month annualized is 314% and 15% per month annualized is 535%. 314% to 535% returns over a year are extraordinary and over multiple years is unprecedented. At this level you are playing a lottery. It is always possible that a series of 10 coin flips will come up all heads, but that freak run can and will end with a 50% chance on every flip. 0.1% will have the all heads run, 99.9% lose it somewhere on the 1st through 9th flips. Good money management says you don't commit 100% on any trade, but you do need to commit enough to get a meaningful return and you don't trade only ten times, you trade tens or hundreds of times in a year. The odds are not in your favor. Also, saying 10-15% per month returns are only possible at the small scale is misleading and begs the issue. Anyone who has a small account that achieves a 535% return per annum will soon have a big account, but they will have gotten used to tools and strategies that will fail them. In other words, stating you can get 10-15% returns per month is seemingly intended to entice naive traders into committing funds, but the reality is that most of those naive traders will lose those funds in the end because the coin flip eventually goes against them or the trading strategy doesn't scale. Either way, the money is gone, sooner or later.
I was waiting for someone to comment on that. So we are told to believe that a particular investment strategy only works when you use $25k but doesn't work when you have $1m?? Now that's a bunch of baloney. Kai
This is not necessarily correct. You see, with the right person managing your money, in an account in which you have no ability to withdraw funds on a whim, you too can realize unbelievable monthly returns, consistently, and for years at a time! You can even cash out, as long as the fund manager can delay payment long enough to find new investors with deposits large enough that he can cover your disbursement.
Sure, some people might call it that, but as long as you're one of the first in and get your money out before the whole thing comes crashing down, what's the harm? The poor schmucks that are stuck holding the (empty) bag knew they were taking a risk, right? After all, what kind of a fool would expect to get this kind of return without risk?
Hmmm..... I suppose... but, the fallacy in your logic is that it may be that NO ONE gets their money out... If it worked that way ... could it be said they've been 'Rezza'd'?
