Tuesday, June 10, 2014

Review of online brokerage accounts::What Is a Brokerage Fee? - What's Your Question?







Review of online brokerage accounts::What Is a Brokerage Fee? - What's Your Question?








It               might               be               time               for               a               Penny               Ponzi               Pyramid               Scheme               on               the               Internet.

One               could               promise               to               pay               100%               interest               on               a               penny               sent               to               a               paypal               account               .

I               once               had               a               mail               art               project               where               I               got               pennies               sent               to               me               from               all               over               the               world               .

I               got               a               lot               of               decorated               pennies               in               the               mail               including               some               transformed               into               collage               animals               with               glued               on               features.

The               deal               was               I               had               to               send               a               penny               back.

Postage               is               way               too               expensive               to               mail               pennies               at               the               price               of               mailing               an               envelope.

A               think               a               penny               pyramid               scheme               would               be               really               wonderful               If               I               could               get               it               to               work               with               paypal.

I               called               may               mail               art               project               LL               Penny's               Pennies               from               Heaven               since               most               flew               in               air               mail.

A               lot               of               people               sent               me               pennies,               pennies               and               more               pennies.

Paypal               ponzi               penny               pyramid               project?

If               I               offered               2               cents               for               every               1               cent               invested               allowing               for               people               to               deposit               only               one               cent               and               no               more               to               the               project               how               long               would               it               take               me               to               go               broke               if               I               were               honest?

It               would               not               be               proper               ponzi               pyramiding               if               I               proposed               to               pretend               I               was               proper.

What               fun               would               that               be?

What               ?

You               have               never               been               played               by               a               ponzi               pyramid               plunderer?

Is               there               some               way               I               can               list               that               on               Ebay?

I               did               sell               Lehman               Brothers               on               ebay               but               am               still               not               aware               that               I               ever               got               paid.

I               saw               some               small               town               in               Pennsylvania               was               selling               the               right               to               name               streets               in               the               town               on               ebay               and               had               plenty               of               bidders.

Why               is               Portland               bothering               with               Chavez               Street               when               it               could               put               streets               names               up               for               sale               in               a               bid               crazy               world               of               ebay?

Some               Idiot               could               put               up               an               "               advertise               here               "               ebay               auction               for               the               right               to               put               an               epitaph               on               people               tomb               stones               .

I               can               see               it               now.

"Joe               Smo               1978-2008               --Coke               is               the               real               thing"               carved               on               a               granite               tomb               stone."               It               could               even               have               a               carved               picture               of               the               classic               coke               bottle.

That               would               not               compare               with               selling               a               service               generating               100%               interest               returns               on               a               penny.

The               problem               with               most               pyramids               schemes               is               they               really               are               not               what               they               are               advertised               to               be,               The               promoter               usually               intercepts               the               puffed               up               pool               of               cash               long               before               the               final               investors               have               a               chance               to               get               their               100%               profit.

It               reminds               me               of               the               Bernanke/               Paulson               bail               out               plans               where               the               700               billion               went               into               banks               that               immediately               stopped               lending               money               as               soon               as               they               were               solvent               again               with               that               new               money.

That               is               where               I               got               the               idea               to               sell               Lehman               brothers.

I               drew               up               a               certificate               and               mailed               it.

i               suppose               the               buyer               ,               who               many               never               have               paid               me               might               resell               it?

I               made               a               big               round               hole               in               the               certificate               with               a               giant               hole               punch               to               demonstrate               the               value               of               the               underlying               assets.
               You               can't               beat               the               federal               government               for               running               a               ponzi               scheme               with               it's               social               security               promises               and               no               underlying               assets....not               even               Bernie               Madoff               can               compete               with               a               multi-trillion               dollar               ponzi               scheme               like               that               one.
               There               really               needs               to               be               a               really               good               inexpensive               ponzi               pyramid               scheme               online               anyone               can               afford               to               loose               a               few               cents               in.

I               was               thinking               of               creating               just               such               a               site               but               suspect               it               may               be               illegal.

Here               is               how               it               might               work:               Anyone               could               send               a               penny               to               my               special               designated               ponzi               penny               paypal               account.

Every               fourth               penny               contributed               would               immediately               be               compensated               with               two               cents               back               the               other               two               cents               would               be               retained               by               the               site               when               the               site               has               retained               ten               dollars               in               cents               it               will               automatically               pay               the               person               paying               in               1               cent               2               dollars               and               retain               the               8               dollars               for               my               charity               called               Ducks               for               A               Bad               Cause.

If               you               lived               in               Portland               long               enough               you               might               know               something               about               Ducks               For               A               Bad               Cause               or               may               even               own               one               of               our               fund               raising               ducks?

Never               mind               what               it               is               .

It               is               a               charitable               bad               cause.

When               the               pot               is               paid               out,               it               starts               again               automatically.

The               paypal               based               site               would               be               blind               so               that               those               sending               in               their               cents               would               not               know               what               number               of               cents               proceeds               their               contribution.

That               sounds               like               a               pretty               good               ponzi               scheme               whose               time               has               come.

I               would               even               be               a               better               scam               if               the               big               payout               was               10               cents               when               the               pot               finally               reached               100               bucks               paying               $99.90               to               my               private               account.

Every               fourth               person               would               get               2               cents               for               1               in               this               scam               and               other               three               would               just               loose               a               stupid               cent.

The               really               luck               person               would               get               ten               times               their               money.
               Double               Your               Money!

Oh               yeah.
               Another               great               site               would               be               an               INTERNET               coin               flipping               site               where               you               could               bet               on               heads               or               tails               with               a               cent.

If               it               were               heads               the               site               would               automatically               pay               you               back               two               cents               or               give               you               two               additional               coin               flips.

If               the               coin               flip               turned               out               to               be               tails               it               would               debit               your               paypal               account               for               an               extra               cent               above               your               original               ante.

Roughly,               if               it               were               a               fair               online               coin               flip,               every               other               flip               would               offer               a               50/50               chance               of               winning               two               cents               or               loosing               two               cents.
               After               writing               this               I               finally               got               around               to               taking               advantage               of               the               free               $25               to               fund               a               FXCM               micro               forex               currency               trading               account               on               the               CNBC               trading               contest               site.

I               quickly               lost               most               of               the               25               dollars               having               no               idea               what               I               was               doing               .

I               bet               their               money               on               trading               buying               and               selling               yen               and               euro               us               dollar               contracts.

I               started               out               OK               turning               25               dollars               into               32               or               35               and               then               continually               bet               wrong               .

After               4               mini               margin               calls               I               ended               up               with               less               than               $4               in               the               account               and               it               is               too               little               to               trade               with               so               I               think               I               am               done               with               currency               trading               now?

Trying               to               predict               short               term               market               movements               in               currency               exchange               is               harder               than               predicting               the               outcome               of               flipping               a               coin               even               with               real               time               charts               ticking               in               front               of               you.

It               is               worth               trying               so               long               as               they               are               offering               free               funded               accounts               of               $25               each.

It               is               a               great               real               life               link               to               the               real               time               currency               exchange               that               comes               in               the               download.

I               sill               have               $3-$4               in               the               account               an               am               tempted               to               try               again               becuse               i               did               win               for               a               while               playing               the               game               but               then               again               probably               not.

Too               bad               they               just               don't               refund               the               free               money               they               give               you               so               you               can               try               again.

Otherwise               they               do               have               practice               accounts               that               may               not               require               any               cash               of               any               sort               to               try               it.
               If               the               FXCM               micro               forex               currency               offer               is               still               available               go               to               cnbc.com               and               find               the               million               dollar               trading               contest,               Unfortunately               it               is               not               a               tiny               ponzi               penny               scam               but               It               can               be               funded               for               a               few               dollars               for               the               fun               of               loosing               money               and               the               system               is               devised               such               that               you               get               margin               calls               that               wipe               you               out               long               before               you               have               to               pay               in               additional               funds               to               cover               losses.

I               do               admit               that               the               idea               of               leverage               trading               of               currencies               in               this               manner               makes               no               sense               to               me.

A               better               account               might               be               a               Zacco               no               fee               brokerage               account               where               if               you               have               enough               assets               you               can               trade               tiny               penny               stocks               with               no               commissions.

I               am               proud               to               have               purchased               6               shares               of               Sirius               Radio               corporation               on               the               site               for               15               cents               each               just               to               see               it               could               be               done               with               no               commission-               If               I               am               wrong               about               the               investment               of               about               90               cents               then               the               US               Pentagon               or               one               of               the               major               political               parties               will               end               up               owning               yet               another               satellite               communications               company               paid               for               by               private               investors               and               my               losses               might               be               90               cents!

Satellite               radio               is               the               future               of               radio               even               if               the               company               does               go               broke               .

So               yes               you               can               loose               money               reading               this               and               it               is               all               your               fault               if               you               do.






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