I’m seeing a frequent question among Oceanside Wealth members and prospects essentially asking: “How can my monthly earnings between 10-15% be guaranteed?“
Here’s the short answer to your question: They are NOT guaranteed. I’m not entirely sure if prospects and new members are simply assuming otherwise, or if recruiters are feeding other people false information. Be very careful, and make sure you understand the difference. Any forex program that promises guaranteed earnings on a monthly basis is either feeding you half the truth or running off of an illegal ponzi scheme model.
Here’s the truth about Oceanside Wealth: The forex bot that will be used to trade member’s money each month is expected to return about 10-15% each month. Please notice that’s not a guarantee, but a projection based on previous results. Before our funds were available for OSW investing, the forex bot was tested for a 16 month period and earned an average between 13 and 14% each month. 10-15% was a safe benchmark to use after averaging these results. During last month’s test, the monthly returns actually exceeded the average at 16.3%.
But you also need to remember an important aspect of forex trading: You’re going to have “good” months and “bad” months. During the 16 month test period, the lowest monthly return was 3% and the highest was 45%. What exactly does this mean? Essentially, even during the worst of the “bad months,” the Oceanside wealth forex bot still managed to turn a positive trading result; i.e. a profit. While many individual traders lost money during the financial crisis last month (Lehman Bros, etc.), OSW closed out at a positive 16.3%. The robot was able to respond intelligently to the current situation, discontinue trading activities for that day, and focus on the following day.
So, are your earnings guaranteed? No. However, as an Oceanside Wealth investor, will you tend to earn around 10% profit per month or more? Yes, indeed.
One particular individual asked me a follow-up question the other day: “What happens if we see a negative month?”
Well, we haven’t seen one yet in over a year ever since the forex bot’s progress has been carefully monitored. Is it possible that OSW may meet a horrendous trading month and face a small, unfortunate loss sooner or later? Of course; even the most experienced trader can never guarantee perfection. However, let’s just assume that Oceanside wealth faced a trading result of -5% for one month. How badly would your account be hurt if you already had been consistently earning 10-15% each for several months and then discovered an additional 10% profit the following month? Even if a negative month were to occur, the average monthly returns would pad the temporary loss.
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Administrator JD, Broker Jones, Walker Geist, and all the other big players associated with Oceanside Wealth can’t promise you the world; nor will they deceive anyone into believing that your earnings are always 100% guaranteed. However, they can promise you that OSW revolves around a legitimate trading platform, and that average monthly returns can be realistically projected at 10-15% ROI per month.
I can’t speak for everyone, but averages at 10% per month or even higher are impressive enough to satisfy me. And even if my account ever does take a small hit, I could care less. The bigger picture is in sight.
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– Ryan
RyzOceanside@yahoo.com
Very good. I was on the call last weekend and I thought it was hilarious that JD investigated some of those companies promising to pay 120% in a month and found them to be supplying fake photos as proofs. There’s good stuff out there, but all those promising the world are just going to rip you off. Glad to be ‘here’ not ‘there.’
M
Same black box today. Complete BS. What returns since Oceanside has no broker for small accounts at this time?
Gain Capital dumped them when president, Broker Jones, went lunatic online and claimed that internet critics had sent emails threatening his wife and daughters with rape and death. Those e-mails have never been produced and the police and other authorities were never contacted as it is all pure bunk.
Time for Broker to stay sober for good, quit bragging about spanking the wife and get some education, training, certifications and regitrations so he can run a ligetimate business someday. That .68 college average he brayed about isn’t too impressive.
Oceanside is incorporated off-shore and for Americans to participate they will have to form off-shore dummy corporations as well. Doesn’t sound exactly above board to me. Willl the investors who put thousands in seed money into this Titanic ever see a dime? I bet not.
Time to hop in a lifeboat and find a new ship!