As stated in previous articles and on the Team Avalanche forums, Oceanside Wealth still plans to launch their forex program on September 1st.
OSW Administrator JD, Walker Geist, and a new presenter, Mark, held the very first Forex specific webinar yesterday night (August 27, 6:30 PDT) and it was extremely exciting to learn about the projected returns, success, and future plans of this software.
For those of you who missed it, there will probably be a recorded version available to you later. Unfortunately, you may not be able to follow along with the visual presentations. Walker did mention that the presentation team would consider holding bi-weekly forex webinars, which means that others will have a chance to SEE the overview of the software nuts and bolts for themselves at a later date. Stay tuned and make plans to attend the next presentation!
After the presentation, the leaders spent well over 30 minutes answering people’s questions. I thought it would be a good idea to re-list some of those important questions and give you the answers along with some of my own recommendations. Here they are…
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What is the minimum/maximum we can invest in the Oceanside Wealth Forex program?
There is NO maximum! It was even stated on the calls that if someone wished to invest over 1 million dollars in this program, they would be allowed to. Desired investment funds must be sent to Oceanside Wealth via bank wire for a $40.00 fee.
The minimum is $100. However, depending on the individual’s situation, $100 is not necessarily a realistic or intelligent benchmark. More on that following the next question…
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Since oceanside wealth requires a monthly service fee of $60, and some people will only be interested in the OSW Forex program investments (and not necessarily the MLM matrix), what minimum investment amount should I recommend to others?
Before I go on, let me clearly state: The answer to this question depends entirely on that individual’s (1.) current matrix position, and (2.) their desires to build their matrix in the future.
Remember: All it takes is 6 people under you in the Oceanside Wealth MLM matrix to have your $60 fee covered each month. However, be forewarned that some people will have no interest in building the business component of OSW. In helping them to decide what the recommended minimum for their specific situation, you must consider all fees.
Each bank wire will cost $40.00. Assuming the individual does not build his matrix or currently have any spillover, you must also compare the $60 monthly fee against the projected monthly returns.
Example:
If a new investor decided to start with $100, he would only be left with $60 after the $40 wire fee. Even if the following month produced a return of 15%, the monthly profit on his remaining $60 is only $9. So, he would pay $100 ($40 wire fee + $60 monthly program fee) for a return of $9, and $60 every month after! That would yield a continuous series of negative cashflow, which is a rather poor business decision.
When you are investing a 3-digit amount, the monthly fees start to eat into your profits so you must be extra careful! Unless your prospects plan to build the matrix, I personally don’t recommend that they start out with less than $400-500 if they are expecting a monthly profit. JD and I both agreed that $300 is the absolute minimum that should be recommended under these conditions.
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(Directed at JD)
Why do you need our money?
To quote JD: “The truth is I don’t need any of your money.” And that is true, especially since the new software is bringing in a consistent 10-15% per month on average.
JD explained on Wednesday that he wants to help people through a new, clean method of Multi-Level Marketing (MLM). A while back, he began to study the various MLM companies out there on the internet. The MLM company who holds the record for creating the most millionaires is just shy of 340.
JD wants to beat that record in the upcoming years. And he wants to do so through Oceanside Wealth and its membership. That’s right- He wants this very company and program to make MLM history.
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There were some other questions as well; unfortunately, I can’t list them all at this time. Once the audio copy of August 27th’s webinar is available, I will post it HERE for you all to download and listen to.
The forex program launches in just a few days; September 1st! And let me tell you folks: After the first Oceanside Wealth Forex presentation, there are a lot of people excited. To quote JD: “Get it now and tell other people about it, before they start telling you!”
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– Ryan
RyzOceanside@yahoo.com
JD is quite the character!! I love his spirit and hope this company really does bust through the records. I sure wish I could have made it for the main webinar but I’m basically leading a double life between the job and my time at home with the fam and the computer. Hope it was fun. I hope to join you next time.
Allthough it has been of a loosely guarded secret, more and more investors are turning to FOREX trading to make money and profit.
If he’ s earning 10 percent a month he really doesn’t need our money. I have yet to hear a drawn out explanation from Jd though I’ m sure they are available. He sounds like a straight up guy to me, though I have a hard time believing anyone online anymore. Just bad experiences I suppose, and I certainly don’ t want to let all that get in the way of something that could be a good opportunity. I’ll continue reading around for now. Thank you everyone.
Hi, I am trying to understand your advice for minimum investments.
If I can not sponsor someone I will always have to pay the $60 fee every month. If we only expect 10% then I need to have at least $600 just to break even right? If we take an abs minimum at $300 and I only earn 10% I would just lose $30 every month.
I’m trying to figure this out and I can see potential. I just don’t see it as worth the trouble unless you have a couple $1000 or more.
Take $4000. 10% gives you $400 and after the fees you have $340. That’s worth it to me, but I would have to wait. I only have $2200 right now and I don’t want to get caught up with a double wire fee.
What do you think?
Hey Barb. Pleasure to meet more oceanside people like yourself. About your question, you can calculate for a 15% monthly return. I guess you only receive 70% of whatever that monthly return is because of oceanside fees, so that would bring you to 10.5% profit you get to keep. Take your $600 recommendation and you’d earn $63 for the month. After monthly fees of $60 you still get profit. So yeah nice job Barb! I think we can count of $600 being a good minimum to mention to our people.
And if my math was wrong in any of that I hope someone will tell me. Sometimes there’s just too many numbers involved.