{"id":2273,"date":"2009-11-26T06:07:38","date_gmt":"2009-11-26T06:07:38","guid":{"rendered":"http:\/\/money-news-online.com\/blog\/?p=2273"},"modified":"2013-08-08T04:12:01","modified_gmt":"2013-08-08T10:12:01","slug":"251109-racksonfinance-review-and-other-news","status":"publish","type":"post","link":"https:\/\/money-news-online.com\/blog\/2009\/11\/26\/251109-racksonfinance-review-and-other-news\/","title":{"rendered":"25\/11\/2009. RacksonFinance Review and Other News"},"content":{"rendered":"

THIS PROGRAM HAS STOPPED PAYING! PLEASE DON’T INVEST!<\/strong><\/p>\n

Hi everyone! Well a bit later than I had anticipated but I have finally managed to get home and start my second update of the day. I’ve just been to see my local football team Fulham beat Blackburn 3-0 so that has put me in high spirits for the rest of the week. I know that most MNO readers are from the US (so I should really have said my local soccer team, but nobody talks like that here!) and probably have little interest in all that but it was an American who scored two of the three goals if that means anything to you.<\/p>\n

So better late than never as they say. I’ll get around to all the day’s HYIP related stories in just a few moments, but first I want to take a closer look at a new program that I first mentioned on my blog last Monday. You may have noticed it on my monitoring page<\/a> over the last couple of days too. Anyway, it’s called RacksonFinance<\/a> (named after its admin Elizabeth Rackson) and it’s a newly launched short term program. It’s been open about a week or so by now so there is still time to make a fast profit from it.
\n\"\"<\/a>
\nRacksonFinance<\/a> has four investment plans available for you to choose from, two that pay by the day and two that pay on expiry. Although it’s probably fair to say that the first one is really just for testing purposes, it’s not really a viable option and will actually lose you money. Albeit a small loss. It’s quite simple and works like this. For a minimum deposit of just $5 you can invest for just one single day. After that you will have your principal returned along with an interest payment of 0.8%<\/strong>. That’s a profit of $0.04 for your $5, or $0.80 for every hundred dollars.<\/p>\n

But what about the loss? Well, the thing you need to remember is that LibertyReserve<\/a> will charge you a 1% fee. So considering the profit is less than the cost of joining then it’s not really a profit at all. So excuse me for being presumptions here but I guess most of you will want to set your sights a bit higher. Still, if you’d like to test how the whole program works before doing anything serious, then just remember that the option is there should you want it.<\/p>\n

The first of the, for want of a better word, \u201cserious\u201d plans from RacksonFinance<\/a> runs for 10 days<\/strong> and makes daily interest payments. The minimum deposit is $10 and the maximum is $2,000. Your investment will receive 1.5% <\/strong>interest per day and your principal will be returned in full on expiry.<\/p>\n

Moving on to the two \u201con expiry\u201d options, the first and least risky one runs for only 5 days<\/strong>. Your deposit must be between a minimum of $5 and a maximum of $2000. Upon expiry you will receive a once off payment totaling 105%<\/strong>. Remember that that figure includes your principal already.<\/p>\n

And finally the last option available to you runs for 10 days<\/strong>. Investments must again be within the parameters of a $5 minimum and a $2,000 maximum, however the return this time will be 130%<\/strong>. Your principal is also included in that payment. Being so significantly bigger than the other plans, one would suspect that this is where the RacksonFinance<\/a> admin is trying to lead you. It’s also a much bigger risk of course.<\/p>\n

Payment options are extremely limited and will unfortunately only hold the program back. Your choice comes down to just LibertyReserve<\/a> or PerfectMoney<\/a> and while there is nothing wrong with either by themselves, just don’t expect any help in the event of some problems. Bank wires have been mooted by the admin and she tells us they should be in place by Friday. Though for a short term program like this, I would have thought bank wires to be an unlikely option. Payments, we are assured, are made within 12 hours. Oddly enough however is the inclusion of an opt-out clause. I say oddly because the longest term you can possibly tie your money up for is just ten days, but nevertheless the choice to leave early is there if you want it. You will receive 70% of your principal and will be required to surrender all profits earned.<\/p>\n

Things improve a bit on the security front however with RacksonFinance<\/a> being hosted on a dedicated Staminus server and protected from DDoS attacks by SecureServerTech. Also if you were a member of GoldNuggetInvest<\/a> before there recent overhaul you may recognize the script. It’s a customized version of a Tomacero script used under license.<\/p>\n

Should you have any further questions then you are welcome to put them to the admin via the online support ticket system, though you’ll have to be a member first before you can use this. Links are also provided to the main investment discussion forums.<\/p>\n

RacksonFinance<\/a> seems to be going well enough so far if the stats are to be believed. It’s coming up to 190 members after one week and while not exactly Earth shattering it’s a respectable figure considering that as we enter December more and more (and even more!) investors are becoming a lot more selective and extremely wary of what programs the deposit into. This is especially true of short term programs and even more so of programs that start between around now and Christmas.<\/p>\n

My own feeling is that RacksonFinance<\/a> is pretty average. Considering the limits placed on the payment options and the way the plans are so obviously stacked to favor one option in particular it’s hard to say that this one will become a market leader without some major surgery but it’s not without its merits either and there is a few dollars to be made here if you can get in and get out at the right time.<\/p>\n

Other news for today.<\/strong><\/p>\n

I received a couple of complains from my readers last night that their support tickets in SazaInvestments<\/a> (reviewed here<\/a>) have remained unanswered for a couple of days already. I was aware that their team is not online daily due a to a lot of traveling (that’s why the weekly 8%-10% payouts were introduced in the first place) but I know that time is money for the most investors as well so I could understand their frustration. So today the admin offered the following explanation of why that happened. Please read this update below:
\n\u201cWe need to explain to you something. We are a pretty small team and when we are busy with businesses we are using all our members. So sometimes all of us are traveling for business and that’s why the delay in answering support tickets. We always try that in maximum 48 hours to answer all tickets but you are over 4000 members and we are just a few. Please try to understand that all issues will be solved even if it’s a delay in our answers. All missing deposits will be added, all missing earnings and all account balances will be fixed. Just please give us a little more patience. Our support team is back now and till tomorrow will fix all problems and will answer all support tickets. We apologize for this delay but you must understand that we’re doing this for all your profits and for building a stable program for a long time. Thank you all for your trust in us. Regards, SazaInvestments<\/a> Team<\/em>\u201d.<\/p>\n

Some more good news from SazaInvestments<\/a> \u2013 as you might know they have successfully moved their servers to Dragonara over the weekend and it seems now the crediting of all earnings is back to normal. There is even more good news however \u2013 the payouts will be paid on Thursday this week instead of Friday. They made this decision due to the transigent nature of their business and so please don’t forget to request your weekly cashout. The withdrawal button is already open and your weekly withdrawal request has to be made during the next 24 hours. Here is what SazaInvestments<\/a> wrote about that:
\n\u201cWe just had a board meeting and because we will need to travel again for businesses we decided to open the payouts with a day earlier. So the payout button will be open in one hour from now and will remain opened for 24 hours as usual. Please post this on forums so anybody to find out. Because of this all tickets will be solved starting from tomorrow and till Monday. All members with problems to be solved there will get additional payouts on Monday so that anybody to be pleased and happy. We are sorry if some of you don’t understand that businesses are first for you to can be paid all the time for a long time, or if some other competitors are trying to inspire members to get scared but nothing is wrong with SazaInvestments<\/a> and won’t be. We just need to work harder and travel more these days before Christmas and New Year when anybody knows that no businesses will be made. So we just need to make sure we will be stable and will make you happy. Thank you all for your patience and support. Regards, SazaInvestments<\/a> Team<\/em>\u201d.<\/p>\n

Finally, the third and the latest update from the admin of SazaInvestments<\/a> Ricardo (interviewed here<\/a>) which I received today was another reminder about the need to request your weekly cashout to the right payment processor (in order for it to be processed properly). Also please note that all support tickets will be answered next Monday at the latest and those who had any issues will be compensated with extra payouts next Monday. Here is the last update:
\n\u201cAs we already told you we decided to open the payouts earlier this week. So payouts are already opened now and for 24 hours you can request them. Please don’t forget to request them right so that anybody to get them and not having them canceled. Also please keep in mind that we will do our best for solve all support tickets by Monday and for all which had problems we will make additional payouts on Monday. Thank you all again for your trust in us.<\/em>\u201d<\/p>\n

I was paid my principal back today from both plans I was in in 4CountriesCapital<\/a> (reviewed here<\/a>): 2.8% for 30 business days and 16% for 6 weeks. I redeposited into the daily plan again and hopefully 4CountriesCapital<\/a> will earn us more profit with its stable work. You can read more about how 4CountriesCapital<\/a> works by reading my exclusive interview with the founder of the program Jana (read it here<\/a>). Yesterday I found another update on their site about the trading results. Here it is for your attention:
\n\u201cDear Members, Trader of the day was Jakob Knoblauch like yesterday. I was a Tuesday with a profit of 3.55% again on the German TecDax. We are back tomorrow All payments are made once a day. Payments for Wednesday (25\/11) will be paid between 5:00 and 8:00pm (CET). So do not forget to request your profit or principal before.
\nBest Regards. Mrs. Jana Dagg, Founder Member and Managing Director<\/em>\u201d.<\/p>\n

GloTrade<\/a> (reviewed here<\/a>) is also publishing some extensive results of their trading activities. And though I have no idea what they are talking about (perhaps you’re not supposed to!) I will republish the most recent update from their official blog with the latest stats from the program and trading results for the last few days. I remind you that investing in GloTrade<\/a> will give you an opportunity to earn 2% for 20 trading days or 2.5% for 40 trading days with the principal returned back on expiry. Here is the latest newsletter and update from them:
\n\u201cIt’s been a while since the blog was updated and that credit goes to the increasing workload. If there are any important updates they will be made immediately.
\nA few members had inquired about the site stats so here are some numbers:
\nTotal members: 221
\nInvestments : $7800 (approx)
\nWithdrawal : $683.00 (approx)
\nWe noticed that quite a few websites are bringing in promotional contests and so GloTrade<\/a> is also introducing a referral contest starting from next week for members who support and refer new members to the website.
\nAll details on the dates and other relevant information will be posted in our blog.
\nWe would also like to update our latest trading results below:
\nWe had mixed trading sessions so far this week but we are glad that we made awesome profits from them. We have done better before continuously so we have no doubts that we will only get better in future at many trading sessions.
\nNovember 19, 2009
\n1. Sell Trade – Sell DJIA Futures Contract 10350.50 and Bought 10264.50 – Profit : 86 pts
\n2. Buy Trade – Buy DJIA Futures Contract 10450.00 and Sold 10419.00 – Loss : -31 pts
\n3. Sell Trade – Sell FTSE UK Index 5335.75 and Bought 5263.00 – Profit : 72.75 pts
\n4. Sell Trade – Sell CAC40 Index 3814.00 and Bought 3763.00 – Profit : 51 pts
\n5. Sell Trade – Sell Nikkei225 9640.00 and Bought 9538.50 – Profit : 101.50
\nNovember 20, 2009
\n1. Buy Trade – Buy DJIA Futures Contract 10282.75 and Bought 10456.50 – Profit : 173.75 pts
\n2. Sell Trade – Sell FTSE UK Index 5306.00 and Bought 5241.50 – Profit : 64.50 pts
\n3. Sell Trade – Sell CAC40 Index 3776.00 and Bought 3727.00 – Profit : 49 pts
\n4. Buy Trade – Buy Nikkei225 9513.00 and Sold 9443.00 – Loss : -70 pts
\n5. Buy Trade – Buy S&P CNX Nifty 4945.00 and Sold 5038.00 – Profit : 93 pts
\nNovember 23, 2009
\n1. Sell Trade – Sell DJIA Futures Contract 10488.50 and Bought 10372.00 – Profit : 116.50
\n2. Buy Trade – Buy FTSE UK Index 5310.00 and Sold 5367.00 – Profit : 57 pts
\n3. Buy Trade – Buy CAC40 Index 3784.00 and Sold 3821.00 – Profit : 37 pts
\n4. Sell Trade – Sell S&P CNX Nifty 5072.00 and Bought 5095.00 – Loss : -23 pts
\nNovember 24, 2009
\n2. Buy Trade – Buy DJIA Futures Contract 10372.00 and Sold 10445.00 – Profit : 73 pts
\n3. Buy Trade – Buy FTSE UK Index 5322.00 and Sold 5270.50 – Profit : 51.50
\n4. Buy Trade – Buy CAC40 Index 3781.00 and Bought 3814.00 – Profit : 33 pts
\n5. Sell Trade – Sell S&P CNX Nifty 5100.00 and Bought 5064.00 – Profit : 36 pts
\nSo we made 3.4%, 2.75%,2.1% and 1.75% in the past 4 sessions. We will continue to post further updates as and when we have them.
\nVisit our blog for more news and info.
\nAdmin GloTrade<\/a>.<\/em>\u201d<\/p>\n

Sometimes though instead of publishing a proper update about their own activities some programs just republish some news taken from open internet resources. I wonder what’s the purpose of doing that as you will certainly not make yourself look like any kind of an expert in your field if you put somebody else’s article \u2013 a straight copy-paste from HedgeFundsReview website – and try to pass it off as your own. That’s exactly what InvestmentForge<\/a> did again. I don’t know really what is the point of this \u201ccopy-pasting\u201d from other sources about a subject you quite clearly have absolutely no idea about. Will it make you look like an expert? Well, maybe for some but not for me. I know that InvestmentForge<\/a> (reviewed here<\/a>) is still a very good program paying me since April 2009, however such updates like that are simply ludicrous and unnecessary in my humble opinion:
\n\u201cNews from the Hedge Fund Market – 24 November 2009
\nDear members and partners!
\nAnd today we have the fresh News from the Hedge Funds!
\nHong Kong-based management company Enhanced Investment Products (EIP) opened its new hedge fund to outside investment.
\nThe multi-strategy, event-driven Aleph Fund was launched in April with $20 million of seed capital from Asian investment group CLSA, the Iveagh Trust and Triple A Partners. EIP chief executive Toby Bland said after returns of 8.72% for the year to date and the addition of some private capital, assets under management (AUM) now stood at around $23 million. Earn money with InvestmentForge<\/a>!
\nBland said Aleph was an “all-weather fund”, designed to perform well in any market environment. He said it invested in a range of strategies including share class arbitrage, merger arbitrage and convertible bonds.
\nAleph is exposed to markets across Asia, including Japan and Australia. Bland said it currently had no investments in frontier markets like Vietnam.
\n“One of the things that’s become apparent at the moment is a high correlation between all markets, ” said Bland. He added the breadth of Aleph’s investments meant there was always an opportunity to take in one of the markets.
\nBland thought capacity could reach approximately $150 million AUM. “We’re not into building big funds,” he said. Earn money with InvestmentForge<\/a>!
\nHe said EIP wanted to build relationships with investors who would also want to invest in some of the company’s other fund offerings. Those include the Asian-focused long\/short market neutral EIP Overlay Fund and a range of enhanced index funds.
\nThe Aleph Fund is domiciled in Mauritius. Bland said EIP liked the island’s protected cell legislation and the fact it had signed a number of tax treaties with countries including China and Singapore.
\nMinimum investment is $150,000. The fund’s administrator is Citco and its custodian Deutsche Bank.
\nSo, the InvestmentForge<\/a> has gained not bad profit from this. You can notice it by the fast payouts and the stable work of our Company.
\nKeep earn money with InvestmentForge<\/a>!
\nBest regards, InvestmentForge<\/a> Team<\/em>\u201d.<\/p>\n

Well, if you think that only InvestmentForge<\/a> can put something so bizarre as an update then take a look at the message I have received from MoneyPlus<\/a> (an alleged UK registered company):
\n\u201cDear members, We do not make interests Today!
\nThanksgiving Day is a federal holiday celebrated on the fourth Thursday in November.
\nhttp:\/\/www.usa.gov\/citizens\/holidays.shtml<\/a>
\nWe do not make interest payments on official holidays, such as Christmas and Easter. We always send out email notifications informing all our customers on which official holidays we won’t be making interests.<\/em>\u201d
\nSo the question is how an official holiday in the US will affect a company based in the UK where (believe me as I live here) Thanksgiving is not only not a holiday but most people couldn’t even tell you when it occurs! And why should they? Of course, I don’t mean that it’s a sin to take a day off work but at least you could think of some better reason for not crediting members’ accounts. By the way, you are welcome to compare MoneyPlus<\/a> website with another proper UK-based company and see if you can find 10 differences. Maybe then you will probably realize that MoneyPlus<\/a> really has some UK roots, lol!<\/p>\n

I almost forget that tomorrow is Thanksgiving in the US (thanks to MoneyPlus<\/a> for reminding me) so I would like to take this opportunity and to send my best wishes to all American readers of MNO. According to my stats at least every third reader comes from there. Have a good day with your family and friends (which is the most important thing anyway!) and try not to overdo it on the turkey.<\/p>\n

And SolidTrustPay<\/a> (though a Canadian based payment processor) will still be affected by this holiday as their banking institutions are located in the US. So there is a warning on their site telling you that all ACH transactions will be delayed during the next couple of days due to this. So please bear this in mind when you planning your withdrawals from SolidTrustPay<\/a>:
\n\u201cUSA Thanksgiving \u2013 Bank holidays
\nPlease Note: Due to the Thanksgiving Holiday, November 26th & 27th, ACH Transactions requested from November 25th to 27th will be delayed. Please ensure to plan accordingly for this holiday. Transactions due to clear on these days will be cleared. However, please be aware that if there is a delay in your payment, it is due to the holiday.<\/em>\u201d<\/p>\n

There is some good news coming from RosalinFinance<\/a> (reviewed here<\/a>). As you might remember I had to put this program to Waiting status due to some delays (over 48 hours) with the payouts. It seems it was a false alarm as just a few hours later all pending payouts have been processed. I hope it will not happen again in the future. However I didn’t receive the usual update from the admin of RosalinFinance<\/a> explaining the possible reasons behind this delay. So I wonder if there are some cashflow problems. Well, I sincerely hope that was not the case and anyway, I have moved back to RosalinFinance<\/a> to Paying status on my monitoring page<\/a> again.<\/p>\n

Unfortunately I can’t say the same for CorpoNano<\/a> which will still stay in \u201cPaying selectively\u201d status. I know that the admin promised to pay to everybody within the next 24-48 hours so I will give him some more time to fix the issue. Today I have received many emails from my readers regarding the current situation there and I must say I have some mixed feelings about them. On one hand, there are some people still complaining that they were not paid and that their tickets remained unanswered. On the other hand, I received a few emails and messages in my ShoutBox stating that everything was fine and the payouts were processed as usual to them. I even received some payment proofs from a couple of my readers and I get my payments on a daily basis as well so far. Of course, I can’t deny that CorpoNano<\/a> is obviously having some serious problems now and not everybody was paid. So it will stay in the same status until everybody does get paid. I sincerely hope it will happen within the next 24 hours like the admin promised. Otherwise, the program will just collapse as surely such missing payouts cannot and will not be tolerated by investors for much longer. So at this point I suggest not to deposit in CorpoNano<\/a> until all the missing payouts are paid. I know perfectly well that it’s frustrating to wait but suggest you give it another 24 hours in hope that the admin pays everybody by then. Thanks for your emails and feedback, guys, and I appreciate it. Please let me know again if you’re paid or not from CorpoNano<\/a>.<\/p>\n

The last piece of news for today came from OneInv<\/a> (reviewed here<\/a>). First, I’m glad to report that I was paid on expiry from my 124% after 10 days plan. And second, the admin of OneInv<\/a> Carlos (interviewed here<\/a>) just sent out an important update. In this update he informed the members of OneInv<\/a> of his \u201caway\u201d status during the next two days however promised to solve all problems ASAP. The second thing: he mentioned the necessity to not use the same password in his program that you use in others because one of the members were paid to the wrong account due to the instant nature of payments in OneInv<\/a> and due to the fact that somebody hacked his account. So please be aware of that and read the full update below:
\n\u201cHello members! I just want to give 2 news:
\n1.- I’ll be out tomorrow and back on Friday night, I’ll be carrying my iPhone so I can answer most of the tickets, I’ve paid pending STP withdrawals and the rest will be paid on my back.
\n2.- We had a problem with an user that someone cash out his earning to other account, remember that the system is INSTANT, change your password and don’t use the same from other sites, I’ll add a security pin on Saturday.
\nAlso remember our referral contest, and I want you to tell our stats:
\nDeposits:\t$17,902.67 Withdrawals:\t$2,936.57
\nI’m also thinking on give another day bonuses, but I’ll let you know on Friday.
\nP.S: Remember to vote if you get paid.
\nOneInv<\/a> admin<\/em>\u201d.<\/p>\n

The programs that paid me today are: ArbsFund<\/a>, OctProfit<\/a>, RigidPay<\/a>, RosalinFinance<\/a>, EuropeInc<\/a>, FinanceNova<\/a>, ZenithInvestment<\/a>, AimTrust<\/a>, RefMotor<\/a>, MandarinInvest<\/a>, CedexInvest<\/a>, CSMFinance<\/a>, AtlantisMutual<\/a>, IncoForex<\/a>, MoneyCare<\/a>, GoldNuggetInvest<\/a>, GeniusFunds<\/a>, LogicProfit<\/a>, TradeZoom<\/a>, PanaMoney<\/a>, GloTrade<\/a>, InvestmentForge<\/a>, 4CountriesCapital<\/a>, OneDailyPro<\/a>, TheKapital<\/a>, RacksonFinance<\/a>, OneInv<\/a>, PTVPartner<\/a>, BlackDiamondPortfolio<\/a>, KobelCapital<\/a>, Capitalex<\/a>, MajorGain<\/a>, NanoMoneyCorp<\/a>, CorpoNano<\/a>, XagaEnterprise<\/a>, EcosystemFunds<\/a>, AsiaInv<\/a> (the first instant payment received) and AdsXtreme<\/a> (the first payment received).<\/p>\n

That’s it for today, guys. See you on my blog tomorrow with more news from the Industry and another review! And happy Thanksgiving again to those celebrating it!<\/p>\n","protected":false},"excerpt":{"rendered":"

THIS PROGRAM HAS STOPPED PAYING! PLEASE DON’T INVEST! Hi everyone! Well a bit later than I had anticipated but I have finally managed to get home and start my second update of the day. I’ve just been to see my local football team Fulham beat Blackburn 3-0 so that has put me in high spirits […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[4,6],"tags":[],"_links":{"self":[{"href":"https:\/\/money-news-online.com\/blog\/wp-json\/wp\/v2\/posts\/2273"}],"collection":[{"href":"https:\/\/money-news-online.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/money-news-online.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/money-news-online.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/money-news-online.com\/blog\/wp-json\/wp\/v2\/comments?post=2273"}],"version-history":[{"count":0,"href":"https:\/\/money-news-online.com\/blog\/wp-json\/wp\/v2\/posts\/2273\/revisions"}],"wp:attachment":[{"href":"https:\/\/money-news-online.com\/blog\/wp-json\/wp\/v2\/media?parent=2273"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/money-news-online.com\/blog\/wp-json\/wp\/v2\/categories?post=2273"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/money-news-online.com\/blog\/wp-json\/wp\/v2\/tags?post=2273"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}