Comments on: Top 10 “Due Diligence” Myths

By: 9PlanetReviews - John Stankiewicz

9PlanetReviews - John Stankiewicz — Mon, 25 Sep 2006 21:00:25 +0000

I think that what Israel left out is what he and other Admins like “Dust” or Dustin Fennell, are trying to accomplish in this industry, in trying to legitimize it. So am hoping that he will come back and post here about that.

By: Israel

Israel — Mon, 25 Sep 2006 20:47:37 +0000

Good points JS.

Most of the DD “myths” as you call them can be taken both ways, negatively and positively.

The majority of sites/admins that provide the “proof” or information are not our to scam you. While I do agree that some of the things listed can be falsified, I do not agree with how you are making it seem to the reader.

By: Lazyman

Lazyman — Mon, 25 Sep 2006 09:58:00 +0000

From Knon:
”
I am sure that if a truely â€˜legitâ€™ program was releasing what they did with the investments, no one would invest in the program. The money would have to be in a super high risk position every week to return the 40% a month some programs offer.

Why would they even need outside capital? If they can return 50% a month $10k compounded for a year would give them $1.3 million. Really, I doubt they need your hundred bucks!!!
”

Probably I think by having more investors is to speed things up. With more cash put into trade, if the program is truely legit then they can earn from us investors some % profit as well as earn money for themselves but that is if the program is legit, then everyone gains.

By: Luc

Luc — Sun, 24 Sep 2006 14:35:44 +0000

I’m agree on the fact there’s a lot of Myths in the DD. For instance serious investors used to think they’ll make more money with low rates programs cause they last longer than high rates programs… probably they last longer but not enough longer to be in profit or sometimes enough longer to make a little profit but at the end you can’t make a living with this and don’t get better results than with short-life high rates programs.

So thnx again mbongwe, I really appreciate your search.

By: mbongwe

mbongwe — Sun, 24 Sep 2006 08:15:33 +0000

Chancer, I agree with your grammar comment – actually I don’t like the term due diligence at all. But its so widely used, so I thought it would make sense for anyone

Good points, Knon I always think in the same direction. But as Jude said, even with all the proofs the program can still go down

By: Jude

Jude — Sun, 24 Sep 2006 05:39:10 +0000

Nice point brought out Knon.

Most of the programs that would come out with true trading logs are those of forex tradings, but after being verified once or twice, they’ll stop allowing people to view the outcomes of their trades to stop people from talking.

Some HYIs even with real businesses and investments running, I highly doubt these programs will surface with how they are generating their profits in case of any competitions. Some ventures definitely need capitals from external investors if they are expanding or are requiring a big sum to even initiate; I wouldnt be complaining if most HYIs are doing this.

But most of them are not and its a really thin line between speculating(gambling so to speak) and investing. People might prove themselves with full transparency and access to accounts to let you see that they’re doing work, but things may still fold, people might not prove what they are doing but still pay you for years so to speak.

It’s really that thin line, but you’ll get better if you stay longer, I can’t explain why.

By: Knon

Knon — Sun, 24 Sep 2006 05:23:55 +0000

Has any program ever come out and posted a true trading log for members to view, or proven any true investment? I see that some info is given sometimes, but usually is followed with a NDA being signed, and none of that information is ever released.

I am sure that if a truely ‘legit’ program was releasing what they did with the investments, no one would invest in the program. The money would have to be in a super high risk position every week to return the 40% a month some programs offer.

Why would they even need outside capital? If they can return 50% a month $10k compounded for a year would give them $1.3 million. Really, I doubt they need your hundred bucks!!!

By: chancer

chancer — Sun, 24 Sep 2006 04:12:58 +0000

However, can we change the grammar from “doing DDs…” The grammaton inside me just shudder whenever I see such constructs (and it makes us look amateurish!).

I’m all for a use of phrasology such as “doing research,” etc. when using due diligence as an active term.

By: Jude

Jude — Sun, 24 Sep 2006 02:32:14 +0000

Nice article mbongwe. That ought to be a checklist for most of us people doing DDs.

By: chancer

chancer — Sun, 24 Sep 2006 01:23:55 +0000

A quick comment that things like ‘nice admin’ CAN matter when it comes to those of us who are playing games – that becomes a form of ‘game due diligence’ by neccessity. Not a way to work out whether they’re real, but to work out whether new punters will be drawn into the game, which will make the game run longer. In that case ‘due diligence’ morphs into ‘is this a good bet?’ (Keyword being: bet.)

By: Hecht2k

Hecht2k — Sun, 24 Sep 2006 00:08:14 +0000

Very nice article.
Of course you can fake everything, but i still think a program with phone/office or something else is more trustworthy than a Hyip without those information.

What else should be checked? How much posts the admin made in which forum – lol?
I think thats the whole thing about – knowing nothing – but hoping.