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From the monthly archives:

October 2008

31/10/08. Interview with the admin of GoldNuggetInvest

by MONEY-news expert on October 31, 2008

Today I would like to present you with the interview with the admin of GoldNuggetInvest – a real program that is online since 2006 and is still paying. GoldNuggetInvest is involved in arbitrage betting and the admin is going to tell you more about this activity in his interview. He will also try to answer the question: why is there really no risk involved if you invest with his program? I remind you that you can see more details on the program and my first impressions in the review published here. Today I’ll allow Mr. Spearman the opportunity to speak and to tell us more about his program – GoldNuggetInvest.

“1. Please introduce yourself to my readers. Tell us what previous experience do you have in administrating online programs?

Hello Paul. Let me first express my sincere appreciation for giving us the opportunity to introduce our project to your readers. My name is Robert Spearman and together with my partner Jurgen Wilckens we have founded GoldNuggetInvest back in 2006. Both of us haven’t had any previous experience in running such a program.

2. What is the history behind the formation of GoldNuggetInvest? What was the original concept of the website? When did it start and how have it transformed by now?

I have started arbitrage trading (or betting) in 2001, just after I heard about this money making opportunity, at the beginning with very limited funds of my own and accounts with very few bookmakers. Jurgen an old friend of mine started in 2003 – as well with his own money. At this time it was more or less a hobby for us. We each conducted accounts with a dozen or so bookmakers and since funds were limited we were more busy with moving money from one bookmaker account to another in order to place our sure bets. And this is one of the biggest challenges of sports arbitrage betting. You must know that after you find an arbitrage situation you have to be quick to place your bets with the bookies involved, before the odds change at the other part of the arb, the second or even third bookie, means you don’t have time to move money around. The solution to this challenge is to have funded accounts with as much bookmakers as possible. To make a long story short, we started in 2004 to pool our money together and in 2006 we started to collect money for our betting pool from friends, pals etc. Soon friends started to invite other friends and that was the beginning of GoldNuggetInvest or GNI. Since members been living in different countries there was also a need for a worldwide available and affordable payment processor, which we found at this time in e-gold. Because of the reason that our members deposited with gold, the name GoldNuggetInvest was born. We registered our domain in October two years ago, put up a simple homepage and communicated with our members by email only, there was no script at this time, so members informed us about their deposits and withdrawal requests by email and we were busy keeping our Excel charts up-to-date. At this time we offered only a weekly plan with a profit of 4% and new members by invitation only. However with the ever increasing number of online bookmakers, there are currently around 80 online, and hence more and more arbitrage situations that occur daily, we saw a chance to expand our business to the next level by attracting funds from new members. Furthermore we have developed streamlined processes over the time that enable us to act upon opportunities immediately and as more capital is available the higher number of opportunities we will be able to place bets on simultaneously. More capital also allows us to invest in profitable arbs on events, which are months ahead of time. So we decided to open our doors to online investors without invitation and since we did so on May 1st, 2008 our member base had raised from about 180 to currently close to 700 members.

3. Can you explain the meaning of Arbitrage Betting Pool? How can you make money from it? Please tell us the details of your investment activities.

An arbitrage opportunity in sports betting or other events means that one is able to bet on all possible outcomes of a certain match or event at odds that guarantee profit regardless of who wins that match or event. This is not gambling – it’s just a market phenomenon based on pure mathematics and occurs when bookmakers have different opinions on the result of a certain game or event. Let me give your readers an actual example of such a situation, which we placed the day the interview was conducted:

Football, or for your U.S. based readers, soccer:

English Premier League – Hull City vs Chelsea, the match kicked off on Oct. 29th. Since there is the possibility of a draw, we have three possible outcomes. We found the following situation:

Outcome 1 – Win for Hull City – Odds of 8.60 at Betdaq
Outcome 2 – Draw – Odds of 4.70 at Betdaq
Outcome 3 – Win for Chelsea Odds of 1.65 at Europlay

This discrepancies of the bookmakers opinions guarantees us a profit of 6.9 – 7% and I will explain to you why.

The above situation tells us that Hull City and Chelsea are competing in the English Premier League. It also tells us that Betdaq have odds of 8.60 for the match to be won by Hull City, the same bookie Betdaq have odds of 4.70 for the match to be ended in a draw and Europlay have odds of 1.65 for the match to be won by Chelsea. By applying a simple mathematical formula to those odds, we are able to calculate that we can cover all three possible outcomes of the match and make a guaranteed 6.9 – 7% profit. We have placed our bets in proportion to the odds on each possible outcome. $311.00 staked on Hull City at odds of 8.60 to return $2,674.60, $569.00 staked on the draw at odds of 4.70 to return $2,674.30 and $1,620.00 staked on Chelsea at odds of 1.65 to return $2,673. Therefore we have staked a total of $2,500 and the bets return a risk free profit of 6.9 – 7% – despite the outcome.

We are currently placing more than 3500 of such surebets a month.

4. On GoldNuggetInvest site you stated that there is no risk involved for investors of your site. Can’t you fail? How can it be so? Please explain.

There is absolutely no risk involved for our members! Are there generally risks involved in arbitraging? Yes, but very limited ones: Placing an arb with one bookmaker and then finding the odds has changed when trying to get the other part of the arb on with the second and/or third bookmaker. Therefore we simultaneously place our bets with the bookies involved. The second obstacle is that all bookies have a clause in their rules stating that if they make a mistake, they call it a palpable error, in putting up an odd then they can cancel the bet. One is then left exposed to the other end of the arb. This happened to us twice since 2006 and since each trade is done with only a fraction of our members funds, the risk is calculable. We are paying a very conservative return, having a good margin and therefore we can assure our members that their funds are not at risk at any given time.

5. Tell us more about the investment plans GoldNuggetInvest offers to online investors. What is the minimum and the maximum to deposit? Is the compounding allowed?

We are currently offering two investment plans. Our daily plan is offering a variable profit of 0.7-1.1% daily, on average over the past couple of months it was around 1% daily and a weekly plan with a profit of 6%. The minimum to deposit is $20 for the daily plan and $100 for the weekly plan. Compounding is not an option.

6. As far as I understand there is no expiration for the deposits so one can earn indefinitely. But what if I want my money back?

Yes Paul, that differs us from many other online investment opportunities. Our members deposits do not expire and they can earn money indefinitely. But if they decide to take their money out they can do so after a grace period of 30 days, to protect us from so called hit-n-runners. There is no fee applied for the withdrawal of the initial deposit after the 30 days.

7. What payment processors do you accept and do you plan to add more payment options in the near future?

We are currently accepting LibertyReserve, PerfectMoney and V-Money. We might accept STP and/or AP in the near future, since we got some inquiries regarding this payment systems from prospective members.

8. What script do you use for GoldNuggetInvest website? Is the script secure? Why did you choose it as your online platform?

We are using Tomacero’s Oroscript, which has been customized to meet our demands and tested by independent scripters for backdoors and flaws. We think that this script is advanced, got all the security features a project like ours should have and Mike the programmer is upgrading and enhancing it regularly.

9. What hosting provider do you use? Is GoldNuggetInvest site fully DDoS-protected?

We are hosted on a dedicated server with BlackLotus and have currently Level 3 DDOS protection.

10. What plans do you have for the near future? Are you planning to close your doors to online investors any time soon and become a private program with a limited amount of members?

GoldNuggetInvest might go private again, once we have reached a certain amount of member funds. You must know that there are limitations regarding the bookmakers and we cannot trade arbs with unlimited funds. We aim to have well funded accounts with all possible bookmakers to minimize inter bookmaker balance adjustments which are not only connected with costs – but time consuming as well and during this time this funds cannot be used for our activities. But I guess we will be open for new investors till the mid of 2009 at least. And after that probably by invitation only and only if one of our members is withdrawing a larger stake.

11. In your opinion what differentiates GoldNuggetInvest from similar online programs? What makes it unique and stand out from the crowd?

The main difference is that our members can understand what we are doing with their hard earned money. Our project is for each and every of our members translucent and comprehensible. We are paying a decent and steady return for a long time now and don’t have months of principal lock-up.

12. What would you advise to the online investors when choosing the right program online? Why should they choose GoldNuggetInvest?

Pay attention, be vigilant and do your research when seeking an online income opportunity. Diversify your available funds and don’t stake everything on one card. And if you are seeking long term profits please have a look and visit our site. We are glad to welcome you as one of our members!

13. What is your honest opinion about my blog? Can you give me any suggestions on how to make the blog even more useful for my readers?

Paul, your blog is an enrichment of the online investment community. I appreciate your unbiased opinion, your strictness if for example a program is paying selectively and all your efforts you put into your blog. For me Money-News-Online is the de-facto industry standard in the online investment community!”

I would like to thank Robert for his detailed answers and explanations he provided for the readers of my blog. I hope after this interview many things are made clear for you and now you realize how GoldNuggetInvest can make guaranteed profits from your investments. Anyway, 2 years online is a very long term and I wish the admin and his program at least 2 more successful years. I would like to add that I endorse GoldNuggetInvest program as one of the most reliable ones on the HYIP market now. With all the experience Robert accumulated from 2 years of successul administrating of his program GoldNuggetInvest has a great chance to last for a very long time. This is all for today and stay tuned for another interview that will be published tomorrow!

{ 13 comments }

30/10/08. Frogress Review and Other News

by MONEY-news expert on October 30, 2008

Today I would like to review Frogress autosurf. It seems that there’s nothing special about this program and there are hundreds of similar autosurfs out there. But there is something that really catches the eye when you first visit Frogress website.

First it’s all about the name. It consists of the words “frog” and “progress” and it’s quite logical to describe the autosurf site that strives to become a successful one. Frogs are animals that can only move by leaps, and usually they leap forward (at least I have never seen a backwards one – and I’m a known animal lover). The word” progress” also means ” moving or going forward”. So there’s really nothing too strange about the name Frogress.

The theme of the site also reminds us of the progress the site obviously wants to achieve as you can see running people and jumping frogs. And I quite like this layout – it seems quite fresh and original after all these standard layouts with flashy banners and quasi-businessmen images in suits. It proves that the man who is behind Frogress autosurf program has good taste and a natural flair for marketing. So in this way Frogress really stands out from the crowd.

Other features of Frogress website are quite standard and it’s not difficult to figure out how to surf and earn as the site is based on the well-known Neversay script. Frogress gives you an opportunity to earn 12% for 12 days with cashouts being processed on expiry. You should surf 12 pages daily with 20 seconds per page to earn your 12% daily rebate.

The minimum to upgrade in Frogress is $6 which is the price of 1 ad unit. You can buy up to 1,000 units (total of up to $6,000). Currently three e-currencies are accepted by Frogress: LibertyReserve, AlertPay and SolidTrustPay. I advised the admin of Frogress, Jake, to add StrictPay as well and he’s now working on verification with them. So hopefully, StrictPay will soon be another option to upgrade there as well.

The site is hosted on a dedicated server by iWeb hosting which will be good when the y start to experience massive traffic. I don’t know anything about DDoS-protection implemented to avoid unnecessary downtimes. But I’m going to find out in my upcoming interview with Jake.

But I will conduct the interview only after the first payouts from the current upgrades are processed. I hope you understand that before recommending the program we must make sure that the admin has serious intentions and is paying to his members.

So since Frogress was launched only a couple of days ago the first payouts should be processed approximately in 10 days from now. I will conduct the interview then because in my opinion Frogress should first prove that they are here for the long haul because we saw many examples in the past that a program’s admin can vanish into thin air even before the first payouts are processed.

Although in my opinion Jake is not such a man as I chatted with him for quite a long time. He seemed to me a dedicated and committed person who can make his program successful. Of course, I can’t predict how long Frogress will last but so far it looks very good and I can recommend you to try it out.

Other news for today.

Some good news came today from the admin of 8DailyForever – one of the oldest programs in the industry that has been running smoothly since May 2008 (you can read the detailed review of the program here). First thing: SolidTrustPay has been integrated and now you can buy upgrades via LibertyReserve, AlertPay and SolidTrustPay. This already caused some difficulties and some members reported that their upgrades were not showing in their accounts. So the admin of 8DailyForever Susan notified everybody that she would credit all the accounts manually. This is an update regarding this:
“The STP processor is now fully integrated, so you may use it via your members area!
Both AlertPay and STP have slipped back to manual upgrading, and it seems that happened immediately after STP was integrated last night.
This just means that we have record of all your upgrades in AP and STP, but these will have to be manually added to your accounts till the issue is corrected. This isn’t a problem, as I will begin to work on doing that now. But since over 100 upgrades accumulated overnight, it will take me a little time to catch up. Your patience will be MUCH appreciated.”
Another piece of good news connected to 8DailyForever program is that from now on participation in the Lucky 13% for 13 days plan is no longer limited and you can participate even if you don’t have an active running upgrade in the Phase 1 plan. So grab this opportunity because Susan can withdraw it very soon (I remind you that the Lucky 13 plan was established to celebrate 8DailyForever’s 5 months online). This is what Susan told the members regarding this:
“Just a quick update to let you know that although we had planned that members must have 1 RUNNING (not expired) Phase 1 adpack to purchase a Lucky 13 , it seems the system won’t allow it. I have tried to find a way around it, but nothing seems to work. So I will simply remove the option to have the system monitor this. I think that will work ok!
I have been absolutely snowed under by members cashing out to buy Lucky 13 adpacks!!! WOW…..talk about excitement these past 2 days! Folks, it would really help me if you could limit your requests to one daily. I would appreciate that very much.”

The admin of another popular autosurf AggeroInvestment which is online for more than two months now, Roger, (read my interview with him here) confirmed once more that AggeroInvestment would go private on November, 27. So you have the last couple of weeks to join this wonderful program that is paying 8.5% daily for 15 days of surfing with cashouts processed on expiry. I believe this is just the beginning of the rapid growth for AggeroInvestment and advise you all to join up and start earning. The site is based on a totally different autosurfing script but you will not have any difficulties as everything is perfectly explained on the site which is also translated into 5 languages (Russian translation has just been added) and it’s made by professional translators and not Google or similar online tools. By the way, AggeroInvestment accepts many payment processors but I suggest you use LR or SP because LibertyReserve and StrictPay members are getting paid their cashouts instantly. The conclusion: AggeroInvestment is great and you should definitely check it out!

Despite some naysayers VolcanoInvest program is still doing great after more than 3 weeks online. This is a great achievement for a program that is paying 105% after 1 day, 110% after 2 days and 120% after 3 days. You should definitely check it out if you like fast profits but be aware that the maximum deposits are limited to avoid “hit-n-runners” (you can read more info in my detailed review of VolcanoInvest published here). Of course, the program has suffered some obstacles along the way. First one was connected with continuous DDoS-attacks on their servers that made the admin upgrade their DDoS-protection to the highest level provided by BlackLotus. Now it’s an e-currency issue. The admin’s e-gold account was recently deleted from the system (NOTE: don’t use e-gold now, it’s practically suicidal!). This fact together with the AlterGold issue made the admin of VolcanoInvest sent out an update to all members where he offered the solution in exchanging e-gold and AlterGold deposits to other e-currencies with the ratio 5:1. In my opinion this is a positive step that indicates that the admin is thinking about his members. I had a couple of AlterGold deposits in the system myself so I will update you on how the converting process follows. This is the latest update from VolcanoInvest’s admin Rob for your attention:
“The VolcanoInvest site is working fine and growing. I would like to thank to all members for trust.
1. So, about E-gold first.
After long discussion, E-gold did not give me a chance to recover my account. Account was deleted. You can easy check it, visit: http://4404304.e-gold.com and you will see error: Error: The PAYEE_ACCOUNT specified is not a valid account: 4404304.
Account was not LIMITED – account was deleted. All money are lost. If you need additional information or proofs, I can forward to you all e-mails from E-gold.
I decided to keep members which invested via E-gold by converting E-gold to LibertyReserve or V-Money or PerfectMoney.
How?
Exchange rate is $5 of E-gold = $1 of LebertyReserve or V-Money or PerfectMoney. All members (with E-gold account only) must provide other e-currency account on VI profile (LebertyReserve or V-Money or PerfectMoney). Every E-gold deposit will be converted with initial amount you invested.
2. About AlterGold.
Seems AlterGold is gone forever. Very bad. I also decided to keep members which invested via AlterGold by converting AlterGold to LibertyReserve or V-Money or PerfectMoney. Exchange rate is $5 of AlterGold = $1 of LibertyReserve or V-Money or PerfectMoney. All members (with AlterGold account only) must provide other e-currency account on VI profile (LibertyReserve or V-Money or PerfectMoney). Every AlterGold deposit will be converted with initial amount you invested.
Yes, the exchange rates are low, but much better than nothing.
I plan to start the converting process on next week. Now please check your VI profile and provide other e-currency account for converting.
That’s all. P. S. Spend several minutes for us. Post on Forums and Vote on Monitors“.

I would like to give you a warning regarding FxSlaughter. The program seems to have stopped paying a couple of days ago and I have three pendings now. Since the admin of FxSlaughter didn’t reply my email yet and didn’t provide any explanation I have to move the program to “Waiting” status on my monitoring page and warn you not to deposit in this program till further notice.

As you might be aware another program that is experiencing dificulties with payouts right now is GrandEarners. You may remember that the former co-admin of the program Mathew wasn’t aware of the problem and I had to report it to him last night. That was his answer that I have received today:
“I am really sorry for what is going on, I blame myself for starting what I don’t have time to manage, it looks like the problem is not just a hosting problem as I thought, I emailed Joseph just now and waiting for his explanation.”
So I’m still hoping for a positive outcome for GrandEarners investors and will let you know on my blog if I get some more information regarding GrandEarners issues.

Other programs seem to be performing quite well and I received payouts today from MegaLido, MutualForexFund, FastProfitSurf, SilverInvest, ResidualForexIncome, Tradelite, Commoditex, SurfExchange, VolcanoInvest, NoRiskInvestment, AggeroInvestment, GoldNuggetInvest, TopProfitWorld, PanaMoney, InoFund, SafeAtom, BlueBorgartFunds, MaxShare and 8DailyForever.

I would also like to let you know that I joined MajorBarter program today. MajorBarter is a low-ROI HYIP with a great design and licensed GoldCoders script hosted on a dedicated server. MajorBarter program started just two weeks ago but is already gaining popularity among online investors mostly due to an aggressive advertising campaign and sticky topics on major forums. MajorBarter is offering 2.0%-2.4% for 150 days with payouts only on business days. The principal is not returned at the end of your investment term. The majority of e-currencies are accepted by MajorBarter (LibertyReserve, AlertPay, PerfectMoney, V-Money and c-Gold) and quite a low minimum to invest of $7 make it worthwhile to try it out. I will prepare a review of it which will be published here earlier next week.

I would like to wish you a Happy Halloween if you celebrate it tomorrow as next time I will publish the news and updates on Sunday only (if something unexpected doesn’t happen of course). In the course of the next two days you will be provided with two interviews from the program admins which you may be familiar with. But let it be a Halloween surprise for you all and I will not disclose who it will be! So check out my blog tomorrow and I wish you all a very Happy (and scary!) Halloween!

{ 2 comments }

29/10/08. NoRiskInvestment Review and Other News

October 29, 2008

BE CAREFUL! THIS PROGRAM IS MAKING SELECTIVE PAYOUTS!
Hi, guys! Today I would like to review one more program I have joined recently. This program is called NoRiskInvestment and I think this HYIP could be the next big leader in the industry for the upcoming months.
NoRiskInvestment really looks impressive even at first glance. Their transparency is [...]

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28/10/08. Interview with the admin of SurfExchange

October 28, 2008

This program experienced difficulties since it first came online. First being blamed for copying the concept of MegaLido autosurf, then being unjustly accused of having some connection with some scamming programs from the past. Despite these difficulties SurfExchange has achieved quite some success during the first few weeks of its online activity having now more [...]

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27/10/08. ANOI Review and Other News

October 27, 2008

BEWARE! THIS PROGRAM STOPPED PAYING! PLEASE DON’T INVEST!
Today I would like to review another seemingly great online opportunity and it’s definitely something different from what we are used to. I’m talking about ANOI – American Network of Online Investment. This is a very interesting program and though the minimum to invest is quite high at [...]

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26/10/08. SummitReserve Review and Other News

October 26, 2008

Today I would like to review SummitReserve – the program that has been online for almost a month. It started on September 28 and has about 300 investors so far. It’s not too much but considering that they are not heavily advertised on forums or monitors we can consider this as a moderate success.
SummitReserve only [...]

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