http://www.esnips.com/web/FundamentalAnalysis
contact
rajeevmundra@yahoo.com
Wednesday, August 23, 2006
Sunday, August 20, 2006
Video on how to spot explosive moves & reversals
Video=How to spot explosive moves-reversals
--------------------------------------------------------------------------------
Gents
please watch video and get the point how to catch price reversals ahead of time
http://win-at-trading.com/technical-analysis-video-pattern1.html
------------------------------------------------------------
JEFF wILDE SAYS
I will say it once and I will say it hundred times more, Keep It Simple!
With that in mind I am going to share with you a technical analysis video that will help you quickly identify some potentially explosive moves which can lead to some very nice profits.
The best part is these setups are easy to see and happen in all markets and time-frames. So regardless if you day trade, swing trade or position trade this video can help raise your game.
To your success!
COURTESY
Jeff Wilde
Editor: Win At Trading
--------------------------------------------------------------------------------
Gents
please watch video and get the point how to catch price reversals ahead of time
http://win-at-trading.com/technical-analysis-video-pattern1.html
------------------------------------------------------------
JEFF wILDE SAYS
I will say it once and I will say it hundred times more, Keep It Simple!
With that in mind I am going to share with you a technical analysis video that will help you quickly identify some potentially explosive moves which can lead to some very nice profits.
The best part is these setups are easy to see and happen in all markets and time-frames. So regardless if you day trade, swing trade or position trade this video can help raise your game.
To your success!
COURTESY
Jeff Wilde
Editor: Win At Trading
Options trading video to watch
Video on options trading-Learn now-rvlv gifts
--------------------------------------------------------------------------------
Hi gents,
This is for new investors afraid of entering options market.
-----------------------------------------------------------
RVLV stands for video based education.Watch the presentations,the movie,learn it all.
If you appreciate my time and effort in this direction,please speak out.
If no positive response, I will stop doing.
Is there any other post using video as support education?
Since I have pressing demands on time,and have more other profitable assignments,I have come to this conclusion.
-----------------------------------------------------------
Watch this video!!!!!
The truth about options trading
Are they all that bad?
How can they help you hedge? risk controller? profit enhancer? yes they are
options
depend on underlying stock price, time (period as it passes), volatility
buyer of a call has unlimited profit potential,limited risk
seller of a put has? listen to video
http://www.options-university.com/Videos/IntroToOptions/YC/
please comment
--------------------------------------------------------------------------------
Hi gents,
This is for new investors afraid of entering options market.
-----------------------------------------------------------
RVLV stands for video based education.Watch the presentations,the movie,learn it all.
If you appreciate my time and effort in this direction,please speak out.
If no positive response, I will stop doing.
Is there any other post using video as support education?
Since I have pressing demands on time,and have more other profitable assignments,I have come to this conclusion.
-----------------------------------------------------------
Watch this video!!!!!
The truth about options trading
Are they all that bad?
How can they help you hedge? risk controller? profit enhancer? yes they are
options
depend on underlying stock price, time (period as it passes), volatility
buyer of a call has unlimited profit potential,limited risk
seller of a put has? listen to video
http://www.options-university.com/Videos/IntroToOptions/YC/
please comment
HOW DO YOU HANDLE TRADING LOSSES?
Trading losses- how do you handle losses?
--------------------------------------------------------------------------------
Gents,
LOSS in trading- how do you handle loss?
Loss happens more frequently than profit.
So to control it, we need to have a strong plan and quick actions.
Lessons From Losses
you need to have a fairly high ratio of winning trades to losing trades,
EVERYBODY HAS LOSING TRADES. That's part of the business of being a trader.
-----------------------------------------------------------
I say a great deal of knowledge can be gained from a losing trade.
1)Before I bought the stock, I noted my exit plan in the event the stock turned against me.
Sometimes the stock did turn down, so I did not exit right away. I decided to hold the stock because I knew a better earnings announcement is due.I expected good earnings news.
The stock had
remained above both horizontal price support,
the 200 day moving average, and
another uptrend support.
I planned to exit on
1)a break below the horizontal price support and
or 2)the 200 day moving average.
Earnings were announced and the net income was up 60% over the same period the prior year, earnings and revenue also were up. Great news.
Guess what? The stock plummeted. It gapped down 5% on the open the next morning and it has continued to fall .
All this followed a good earnings report. I sold out that same day and it just continued to drop for the next two days.
What can I learn from this lousy loosing experience? This trade certainly reminded me that all trading involves risk.
How do I protect my investment?What actions to take?In this LOSS situation, I WAS SUPPOSED TO BUY protective PUT OPTIONS BUT this stock has no options. I was supposed to place a stop loss order,
But, I placed an alert.. The truth is a stop loss order would have done no good.
WHY STOPLOSS CANT HELP IN A STEEP SUDDEN PRICE DROP
When a stock falls down, a stop loss doesn't help much since a stoploss sends the order to the market as a market order once the price is hit or passed. Obviously, the gap or price sudden fall would take it through any stoploss you would have placed.
wHAT TO DO in such a situation?
Get out of a position before earnings are announced- is a good practice.
Though the good earnings are announced were great yet my stock dived down. In the future, I decided not to hold onto a stock through the earnings announcement.
Notice and observe how often stocks drop right after an announcement? If bullish, I do a better thing by not holding stocks at the time of the announcement.
Of course, I miss a some big price moves, but it is better than taking a large loss.
I learned to stick to my money management plan because my risk is always limited and even when I take a big rupee per share loss I am still ok overall.
That's why one must have a money management plan. It is also good knowledge that I want to mpve out with my first exit. The proverb is the first loss is the best loss.
I see that a lot of traders quit when they have a bad trade. No trader, is going to have winners every time. I can prove how a trader could make a profit through proper money management even if he lost 60% of his trades. I hate losses and more so, I hate big losses,
Successful trading requires many things:
patience,
money management skill,
knowledge of strategies, risk awareness.
It comes only with hard work and persistence and even then everyone may not be so lucky.
When you risk your money in a trade, you need to assess risk as it applies to you and your personal business plan.
Again, you need to continue your education, paper trade before risking real money and establish a relationship with your mentor -finance consultant .
rvlv
--------------------------------------------------------------------------------
Gents,
LOSS in trading- how do you handle loss?
Loss happens more frequently than profit.
So to control it, we need to have a strong plan and quick actions.
Lessons From Losses
you need to have a fairly high ratio of winning trades to losing trades,
EVERYBODY HAS LOSING TRADES. That's part of the business of being a trader.
-----------------------------------------------------------
I say a great deal of knowledge can be gained from a losing trade.
1)Before I bought the stock, I noted my exit plan in the event the stock turned against me.
Sometimes the stock did turn down, so I did not exit right away. I decided to hold the stock because I knew a better earnings announcement is due.I expected good earnings news.
The stock had
remained above both horizontal price support,
the 200 day moving average, and
another uptrend support.
I planned to exit on
1)a break below the horizontal price support and
or 2)the 200 day moving average.
Earnings were announced and the net income was up 60% over the same period the prior year, earnings and revenue also were up. Great news.
Guess what? The stock plummeted. It gapped down 5% on the open the next morning and it has continued to fall .
All this followed a good earnings report. I sold out that same day and it just continued to drop for the next two days.
What can I learn from this lousy loosing experience? This trade certainly reminded me that all trading involves risk.
How do I protect my investment?What actions to take?In this LOSS situation, I WAS SUPPOSED TO BUY protective PUT OPTIONS BUT this stock has no options. I was supposed to place a stop loss order,
But, I placed an alert.. The truth is a stop loss order would have done no good.
WHY STOPLOSS CANT HELP IN A STEEP SUDDEN PRICE DROP
When a stock falls down, a stop loss doesn't help much since a stoploss sends the order to the market as a market order once the price is hit or passed. Obviously, the gap or price sudden fall would take it through any stoploss you would have placed.
wHAT TO DO in such a situation?
Get out of a position before earnings are announced- is a good practice.
Though the good earnings are announced were great yet my stock dived down. In the future, I decided not to hold onto a stock through the earnings announcement.
Notice and observe how often stocks drop right after an announcement? If bullish, I do a better thing by not holding stocks at the time of the announcement.
Of course, I miss a some big price moves, but it is better than taking a large loss.
I learned to stick to my money management plan because my risk is always limited and even when I take a big rupee per share loss I am still ok overall.
That's why one must have a money management plan. It is also good knowledge that I want to mpve out with my first exit. The proverb is the first loss is the best loss.
I see that a lot of traders quit when they have a bad trade. No trader, is going to have winners every time. I can prove how a trader could make a profit through proper money management even if he lost 60% of his trades. I hate losses and more so, I hate big losses,
Successful trading requires many things:
patience,
money management skill,
knowledge of strategies, risk awareness.
It comes only with hard work and persistence and even then everyone may not be so lucky.
When you risk your money in a trade, you need to assess risk as it applies to you and your personal business plan.
Again, you need to continue your education, paper trade before risking real money and establish a relationship with your mentor -finance consultant .
rvlv
Finding Millionaire stocks
=================================================================
Millionaire in the making by stock investing
--------------------------------------------------------------------------------
By
Rameshbabu Velidi
Long term investing -Momentum based
----------------------------------------
Newton’s Second Law of Motion is creating a new class of millionaires. And it’s doing so at speed of light.
All you need is two stocks to make 10000 into 1 million!
You may not remember much about your physics classes in school. But you likely remember Newton’s Second Law:
A body in motion tends to stay in motion.
This fundamental force of nature is the reason an elite group of traders and investors are restricting their investments to only the fastest-moving stocks in the market. Why?
First of all, because "the trend is your friend."
People go buying after upmovers
How are the millionaire maker companies?
These companies lead the nation – and the world – in innovative products and services, sales growth, high returns on equity and blockbuster earnings. And therefore their share prices tend to "stay in motion" – in a pronounced upward trend. And,
Second, because the profits from doing so are nearly unbeatable.
Whether the major indices move up or not,it is irrelevant to investors riding the nation’s sizzling momentum stocks
This is about jumping on momentum stocks that are stripping the paint off the rest of the market, and selling them when we find something moving even faster.
What do these great guys have in common?
John D. Rockefeller made his fortune in oil.
Andrew Carnegie built his empire on a foundation of steel.
Cornelius Vanderbilt discovered his road to wealth in transportation.
Each of these titans "seized the day" and made their big move in an industry with unlimited potential and universal demand.
The Secret of Building Significant Wealth
The secret is simple, but ignored time and again.
In a nutshell, the most successful investors build wealth by finding a few companies with a product or service that can't quite keep up with demand. These gurus unload their losers quickly, and ride the long, soaring profit waves of their few BIG winners. The money they make from those winners overwhelms the losses from their losing stocks.
In other words, they aim at the right targets and swing for the fences. They're interested in hitting homers, not singles or doubles.
Look for stocks that are on the brink of monster growth because of reasons that are sound - sales, operating margins, profitability, strategic vision, recent emergence, and a product that people can't do without
Want to know how two carefully chosen stocks could turn $10,000 into $1 million?.
It boils down to pure mathematics.
------------------------------------
If you invest $10,000 in one stock and it rises ten-fold, you now have $100,000. If you then take that money and reinvest it in another stock that rises ten-fold, your $100,000 will be worth $1 million dollars.
--------------------------------------
How difficult is it to find a stock that rises ten-fold? If you know what you're doing, it's not that hard.
How to Find "millionaire" Stocks,Big Winners with Momentum?
According to Sir Isaac Newton, "a body in motion tends to stay in motion." This law applies to certain stocks.
-------------------------------------------------------------
WHAT ARE THE CHARACTERISTICS OF GREAT STOCKS?
Based on big movers of the past,
here are ten of the factors that help us find stocks (like the one I mentioned) with momentum that has only just begun...
----------------------------------------------------
1.They were an IPO within the past eight years.
2.They have annual earnings growth of at least 24%.
3.The average percentage increase in earnings for the current quarter is at least 34%.
4.They have a P/E ratio of 31 or more.
5.They have a relative strength rating of 85. (That means they are already outperforming 85% of the stocks in the market before they make their MOVE.)
6.Their relative strength has been growing for at least the past six months.
7.They have an average of at least 5 million shares outstanding.
8.They have average daily volume that exceeds 75,000 shares.
9.Their industry group is in the top 30% of the market.
10.They have a median stock price of Rs 1000 plus.
-------------------------------------------------------------
When you boil it down this way, it may seem as though the process is purely a numerical exercise.
But, like most things in life, it's not that simple.
First of all, you must know exactly how to apply those qualifications to different sectors of different industries under different market conditions.
Secondly, you need access to a proprietary database that contains the relevant data on more than 9,000 publicly traded companies.
Thirdly, you must be qualified to interpret the mountain of quantitative and qualitative information that you uncover. That takes years of experience.
Finally, even if you have the knowledge, the skills, the contacts and the money to ferret out these few stocks, you would need to spend hundreds of hours screening all the potential candidates.
Timing Is Everything
YOU NEED TO BE guided on how to earn and also how to protect profits.
The strategy is twofold:
1. Buy the stock before it blasts off.
find a company that is about to begin its big move upward.
2. Sell it as close as possible to its highest point.
you need to put a "sell stop" below every recommendation, and if the stock goes down that point,then you sell to lock in your profits or protect yourself from significant losses.
HAVE A SYSTEM WHICH DOES THIS[
B]The beauty of this system is that as the stock bursts into the profit zone, you need to gradually moves the sell stop upward behind it. The higher the stock goes - and the bigger the profits - the higher the sell stop goes. As long as the stock is moving up, you never think of a sell.[/b]
"That's the secret to uncovering a stock that rises ten-fold."
"You never, ever sell your winners early. You always cut any losses that develop quickly, and let those profits just continue to run and run."
Even if the economic recovery is not going to set records this year, facts point out that "it doesn't really matter for select group of stocks. When a company does all the right things - increases sales, pays down debt, buys back shares, and grows at a double- or triple-digit rates - the market will reward its shareholders.
pS; ARE THERE ANY SUCH INDIAN STOCKS NOW AVAILABLE? Awaiting answers------
Millionaire in the making by stock investing
--------------------------------------------------------------------------------
By
Rameshbabu Velidi
Long term investing -Momentum based
----------------------------------------
Newton’s Second Law of Motion is creating a new class of millionaires. And it’s doing so at speed of light.
All you need is two stocks to make 10000 into 1 million!
You may not remember much about your physics classes in school. But you likely remember Newton’s Second Law:
A body in motion tends to stay in motion.
This fundamental force of nature is the reason an elite group of traders and investors are restricting their investments to only the fastest-moving stocks in the market. Why?
First of all, because "the trend is your friend."
People go buying after upmovers
How are the millionaire maker companies?
These companies lead the nation – and the world – in innovative products and services, sales growth, high returns on equity and blockbuster earnings. And therefore their share prices tend to "stay in motion" – in a pronounced upward trend. And,
Second, because the profits from doing so are nearly unbeatable.
Whether the major indices move up or not,it is irrelevant to investors riding the nation’s sizzling momentum stocks
This is about jumping on momentum stocks that are stripping the paint off the rest of the market, and selling them when we find something moving even faster.
What do these great guys have in common?
John D. Rockefeller made his fortune in oil.
Andrew Carnegie built his empire on a foundation of steel.
Cornelius Vanderbilt discovered his road to wealth in transportation.
Each of these titans "seized the day" and made their big move in an industry with unlimited potential and universal demand.
The Secret of Building Significant Wealth
The secret is simple, but ignored time and again.
In a nutshell, the most successful investors build wealth by finding a few companies with a product or service that can't quite keep up with demand. These gurus unload their losers quickly, and ride the long, soaring profit waves of their few BIG winners. The money they make from those winners overwhelms the losses from their losing stocks.
In other words, they aim at the right targets and swing for the fences. They're interested in hitting homers, not singles or doubles.
Look for stocks that are on the brink of monster growth because of reasons that are sound - sales, operating margins, profitability, strategic vision, recent emergence, and a product that people can't do without
Want to know how two carefully chosen stocks could turn $10,000 into $1 million?.
It boils down to pure mathematics.
------------------------------------
If you invest $10,000 in one stock and it rises ten-fold, you now have $100,000. If you then take that money and reinvest it in another stock that rises ten-fold, your $100,000 will be worth $1 million dollars.
--------------------------------------
How difficult is it to find a stock that rises ten-fold? If you know what you're doing, it's not that hard.
How to Find "millionaire" Stocks,Big Winners with Momentum?
According to Sir Isaac Newton, "a body in motion tends to stay in motion." This law applies to certain stocks.
-------------------------------------------------------------
WHAT ARE THE CHARACTERISTICS OF GREAT STOCKS?
Based on big movers of the past,
here are ten of the factors that help us find stocks (like the one I mentioned) with momentum that has only just begun...
----------------------------------------------------
1.They were an IPO within the past eight years.
2.They have annual earnings growth of at least 24%.
3.The average percentage increase in earnings for the current quarter is at least 34%.
4.They have a P/E ratio of 31 or more.
5.They have a relative strength rating of 85. (That means they are already outperforming 85% of the stocks in the market before they make their MOVE.)
6.Their relative strength has been growing for at least the past six months.
7.They have an average of at least 5 million shares outstanding.
8.They have average daily volume that exceeds 75,000 shares.
9.Their industry group is in the top 30% of the market.
10.They have a median stock price of Rs 1000 plus.
-------------------------------------------------------------
When you boil it down this way, it may seem as though the process is purely a numerical exercise.
But, like most things in life, it's not that simple.
First of all, you must know exactly how to apply those qualifications to different sectors of different industries under different market conditions.
Secondly, you need access to a proprietary database that contains the relevant data on more than 9,000 publicly traded companies.
Thirdly, you must be qualified to interpret the mountain of quantitative and qualitative information that you uncover. That takes years of experience.
Finally, even if you have the knowledge, the skills, the contacts and the money to ferret out these few stocks, you would need to spend hundreds of hours screening all the potential candidates.
Timing Is Everything
YOU NEED TO BE guided on how to earn and also how to protect profits.
The strategy is twofold:
1. Buy the stock before it blasts off.
find a company that is about to begin its big move upward.
2. Sell it as close as possible to its highest point.
you need to put a "sell stop" below every recommendation, and if the stock goes down that point,then you sell to lock in your profits or protect yourself from significant losses.
HAVE A SYSTEM WHICH DOES THIS[
B]The beauty of this system is that as the stock bursts into the profit zone, you need to gradually moves the sell stop upward behind it. The higher the stock goes - and the bigger the profits - the higher the sell stop goes. As long as the stock is moving up, you never think of a sell.[/b]
"That's the secret to uncovering a stock that rises ten-fold."
"You never, ever sell your winners early. You always cut any losses that develop quickly, and let those profits just continue to run and run."
Even if the economic recovery is not going to set records this year, facts point out that "it doesn't really matter for select group of stocks. When a company does all the right things - increases sales, pays down debt, buys back shares, and grows at a double- or triple-digit rates - the market will reward its shareholders.
pS; ARE THERE ANY SUCH INDIAN STOCKS NOW AVAILABLE? Awaiting answers------
FREE TRADING E BOOK DOWNLOADS
http://breakouttrading.blogspot.com/2006/08/more-trading-related-study-material.html
Sunday, August 13, 2006
Answers to Objections raised on internet
Rameshbabu Velidi
Thanks Sydney Pereira for providing the necessary info in response to those objections raised by the same single newspaper correspondent.
---------------------------------------------------------------------------
What is the truth in the reports on net?
Response to Negative article on Goldquest.
FIRST ONE
Chennai police end their quest, arrest three GoldQuest officials
Venkatachari Jagannathan 25 August 2003
In reply let me say that the company in question is "Questnet Enterprises India PVT LTD" and not Goldquest as stated in the report. Goldquest does not operate in India. It is one of the companies of Quest International, and it owns 51% of M. H. Meyer's mint in Germany which makes the coins. Questnet is merely the marketing agency for the coins. So for the report to say that three officials of Goldquest were arrested is Bullshit. If this report can make a major error here, the rest of the report is also suspect.
The second point I would like to make is when this company started, a politician just got elected and allegedly realised the opportunity to make money. The person allegedly wanted 25% of the company shares which the company refused to give here. At that point of time you could buy a coin on installments, and it at no point of time cost only Rs 16,800. It was somewhere between 23,000 and 25,000 for a coin. The powerful politician allegedly sent three cronies to purchase coins. They took it in installments, paid Rs 16,800, and when they did not get their coin, allegedly launched a false police complaint. There was never a time that you had to get 10 people to join before you got your coin.
The complaint was that the company refused to give the Gold Coin even after paying the money.The police then arrested three directors of the company and the company was allegedly pressured to give the shares. When they refused a court case was launched against the company and directors. Mrs. Nalini Chidambaram, the present Finance Minister's wife defended this company in the Madras High Court, and the case was thrown out, and the directors released. She has now been appointed Legal Councilor to the Company.
From what I have told you can realise how this report has been drafted to fool people.
Here are the points that I would like to stress.
1. Why have they given the wrong company name?
2. What are names of the people who made the comp-laint?
3. Who are the directors who were arrested?
4. Who was the senior police officer who filed the chargesheet?
5. What were the exact contents of the chargesheet?
6. How was it refuted in court?
7. Last, what was the judgment given in court?
When you have all the answers to the questions raised above, you can make your own judgment and disbelieve the half truths in the report.
---------------------------------------------------------------
We now come to the second article which I will reproduce here below.
Second one
Co(i)n job?
Many suspect GoldQuest is running a money chain scheme, but the unperturbed company is busy expanding operations
Venkatachari Jagannathan 8 July 2003
Response to this report
Here again there are plenty of mistakes in this second report.
The company is again mentioned as Goldquest when it should be Questnet India pvt ltd whome we all deal with. The company does not bring out one ounce coins in India. They are normally 6 grams and valued as one UV or Unit Value. There are a few coins of UV 1.1 to 1.4. The coins available in India are only very few from the Goldquest International Catalogue. From Goldquest International you can get coins of upto 50 grams or five ounces.
Also let me tell you that a pyramid is one of the most reliable structures in the world. Every large or small company resembles a pyramid, why even the Government of India is structured as a pyramid. So what is so bad about a pyramid. They are not talking about a pyramid being illegal but what is called Pyramiding that is illegal. Questnet is certainly not a pyramiding operation, as pyramiding is banned in most countries of the world including India.
If this were not so, the court in Chennai would not have put a restraining order against the police. Again the number of coins made are not 10,000 to 20,000 per coin but 2999 to 9999 per coin.Next the purity of the coins. It can certainly be tested, but not in the old way by rubbing it against a stone and checking the colour. This will damage the coin slightly, and the value will go down. Also the coin is so soft it can be dented just by dropping it. Remember the value of ny numistic coin is highest when it is without any flaw.
Any modern jeweller will have an electronic purity checker which will tell you the carat value of the gold, and the proof scale. Several of our members have taken their coins to Tanishque the famous jewelers in Mumbai and have had their coins checked at 24 carats and 999.9 fineness which is just what the company states.
Also the coin should not be touched by your fingers as your fingerprint impression can appear on the coin, and it will have to be sent back to Germany for polishing. But using fine cotton gloves they can be held by your fingers. If you can see the QI DVD released in 2006, they show how the coins are made at the Meyer's mint, and at the end you see a woman worker checking each coin using gloves, before they are packed into their plastic boxes for transportation.
Again the time taken to get your coin in Mumbai is eight weeks and not three weeks as the report says. When you are making 9999 coins of a particular design, you do not make them all at one time. They are made a few hundred at a time. Even Meyer's mint will not be able to make all coins upto their full number, rather they will not have that much gold in stock. The coins when made are first sent to the Hong Kong head office. From there, the coins for India are sent to Chennai. They take time to pass through Customs, and from there are sent to Mumbai and then distributed by Blue Dart couriers. All this takes roughly 8 weeks.
Let us next talk about the price of the coin.
The numismatic value of the coin is set at almost five times the price of the gold, and not two times as your report says. This is because the company gives back as commissions 60% of the numismatic price of the coin. Let me give you an example. The price of potatoes in Mumbai is on an average about 6 to 8 rupees a kilo. If you buy one of these fancy packets of potato chips of 100 grams it will cost you 10 rupees. You don't think about it. The potatoes, the processing, and the packet should not cost more than 2 rupees. Say another one rupee tax. Cost to the company 3 rupees. Can I ask you why are you paying 10 rupees for that packet. Where is the money going? The money is going to profits of the company, distributors commissions, dealers commissions, retailers commissions, and large payments to guys like Sharukh Khan, Amir Khan, you understand what I mean, and to the advertisers.
Do we have distributors, dealers, retailers, filmstars, and any advertising in Questnet? Certainly not. All this money saved is paid as commissions to the IR members. That is why the coin price is structured as any other product would be, but here you as a member can benefit and reach a goal of 3.5 crores per year. It is not impossible.
Next, not all coins are legal tender. The reserve bank made two numismatic coins of a 100 rupees and 5 rupees in 2002. These were not legal tender, and not made of Gold or Silver. They were normally made of nickel and copper and a few other metals. The Government sold them for 1099 rupees a set. More than ten times the value. Also Meyer's mint in Germany makes legal tender coins for many countries of the world, including Australia and the United Kingdom, and is well respected. Please visit the site to know more. As far as the appreciation of the coins is concerned, you have to sell it to an avid collector who really wants the coin. You will get a great deal more than you paid for it if you wait and find the right buyer. The thing is that you invest 30,000 in the company, and in 8 weeks receive an asset which is a numismatic coin. Even if the company folds,winds up, you still have your asset which will fetch you a good price as I have mentioned above. The company's turnover this year is poised to cross one billion dollars, and the very idea of it folding is ridiculous. So you will always have a good business opportunity, and can make a great deal of profits, upto 3.5 crores a year.
You will fail only if you get disheartened and stop working.
-------------------------------------------------------------------------------
Thanks Sydney Pereira for providing the necessary info in response to those objections raised by the same single newspaper correspondent.
---------------------------------------------------------------------------
What is the truth in the reports on net?
Response to Negative article on Goldquest.
FIRST ONE
Chennai police end their quest, arrest three GoldQuest officials
Venkatachari Jagannathan 25 August 2003
In reply let me say that the company in question is "Questnet Enterprises India PVT LTD" and not Goldquest as stated in the report. Goldquest does not operate in India. It is one of the companies of Quest International, and it owns 51% of M. H. Meyer's mint in Germany which makes the coins. Questnet is merely the marketing agency for the coins. So for the report to say that three officials of Goldquest were arrested is Bullshit. If this report can make a major error here, the rest of the report is also suspect.
The second point I would like to make is when this company started, a politician just got elected and allegedly realised the opportunity to make money. The person allegedly wanted 25% of the company shares which the company refused to give here. At that point of time you could buy a coin on installments, and it at no point of time cost only Rs 16,800. It was somewhere between 23,000 and 25,000 for a coin. The powerful politician allegedly sent three cronies to purchase coins. They took it in installments, paid Rs 16,800, and when they did not get their coin, allegedly launched a false police complaint. There was never a time that you had to get 10 people to join before you got your coin.
The complaint was that the company refused to give the Gold Coin even after paying the money.The police then arrested three directors of the company and the company was allegedly pressured to give the shares. When they refused a court case was launched against the company and directors. Mrs. Nalini Chidambaram, the present Finance Minister's wife defended this company in the Madras High Court, and the case was thrown out, and the directors released. She has now been appointed Legal Councilor to the Company.
From what I have told you can realise how this report has been drafted to fool people.
Here are the points that I would like to stress.
1. Why have they given the wrong company name?
2. What are names of the people who made the comp-laint?
3. Who are the directors who were arrested?
4. Who was the senior police officer who filed the chargesheet?
5. What were the exact contents of the chargesheet?
6. How was it refuted in court?
7. Last, what was the judgment given in court?
When you have all the answers to the questions raised above, you can make your own judgment and disbelieve the half truths in the report.
---------------------------------------------------------------
We now come to the second article which I will reproduce here below.
Second one
Co(i)n job?
Many suspect GoldQuest is running a money chain scheme, but the unperturbed company is busy expanding operations
Venkatachari Jagannathan 8 July 2003
Response to this report
Here again there are plenty of mistakes in this second report.
The company is again mentioned as Goldquest when it should be Questnet India pvt ltd whome we all deal with. The company does not bring out one ounce coins in India. They are normally 6 grams and valued as one UV or Unit Value. There are a few coins of UV 1.1 to 1.4. The coins available in India are only very few from the Goldquest International Catalogue. From Goldquest International you can get coins of upto 50 grams or five ounces.
Also let me tell you that a pyramid is one of the most reliable structures in the world. Every large or small company resembles a pyramid, why even the Government of India is structured as a pyramid. So what is so bad about a pyramid. They are not talking about a pyramid being illegal but what is called Pyramiding that is illegal. Questnet is certainly not a pyramiding operation, as pyramiding is banned in most countries of the world including India.
If this were not so, the court in Chennai would not have put a restraining order against the police. Again the number of coins made are not 10,000 to 20,000 per coin but 2999 to 9999 per coin.Next the purity of the coins. It can certainly be tested, but not in the old way by rubbing it against a stone and checking the colour. This will damage the coin slightly, and the value will go down. Also the coin is so soft it can be dented just by dropping it. Remember the value of ny numistic coin is highest when it is without any flaw.
Any modern jeweller will have an electronic purity checker which will tell you the carat value of the gold, and the proof scale. Several of our members have taken their coins to Tanishque the famous jewelers in Mumbai and have had their coins checked at 24 carats and 999.9 fineness which is just what the company states.
Also the coin should not be touched by your fingers as your fingerprint impression can appear on the coin, and it will have to be sent back to Germany for polishing. But using fine cotton gloves they can be held by your fingers. If you can see the QI DVD released in 2006, they show how the coins are made at the Meyer's mint, and at the end you see a woman worker checking each coin using gloves, before they are packed into their plastic boxes for transportation.
Again the time taken to get your coin in Mumbai is eight weeks and not three weeks as the report says. When you are making 9999 coins of a particular design, you do not make them all at one time. They are made a few hundred at a time. Even Meyer's mint will not be able to make all coins upto their full number, rather they will not have that much gold in stock. The coins when made are first sent to the Hong Kong head office. From there, the coins for India are sent to Chennai. They take time to pass through Customs, and from there are sent to Mumbai and then distributed by Blue Dart couriers. All this takes roughly 8 weeks.
Let us next talk about the price of the coin.
The numismatic value of the coin is set at almost five times the price of the gold, and not two times as your report says. This is because the company gives back as commissions 60% of the numismatic price of the coin. Let me give you an example. The price of potatoes in Mumbai is on an average about 6 to 8 rupees a kilo. If you buy one of these fancy packets of potato chips of 100 grams it will cost you 10 rupees. You don't think about it. The potatoes, the processing, and the packet should not cost more than 2 rupees. Say another one rupee tax. Cost to the company 3 rupees. Can I ask you why are you paying 10 rupees for that packet. Where is the money going? The money is going to profits of the company, distributors commissions, dealers commissions, retailers commissions, and large payments to guys like Sharukh Khan, Amir Khan, you understand what I mean, and to the advertisers.
Do we have distributors, dealers, retailers, filmstars, and any advertising in Questnet? Certainly not. All this money saved is paid as commissions to the IR members. That is why the coin price is structured as any other product would be, but here you as a member can benefit and reach a goal of 3.5 crores per year. It is not impossible.
Next, not all coins are legal tender. The reserve bank made two numismatic coins of a 100 rupees and 5 rupees in 2002. These were not legal tender, and not made of Gold or Silver. They were normally made of nickel and copper and a few other metals. The Government sold them for 1099 rupees a set. More than ten times the value. Also Meyer's mint in Germany makes legal tender coins for many countries of the world, including Australia and the United Kingdom, and is well respected. Please visit the site to know more. As far as the appreciation of the coins is concerned, you have to sell it to an avid collector who really wants the coin. You will get a great deal more than you paid for it if you wait and find the right buyer. The thing is that you invest 30,000 in the company, and in 8 weeks receive an asset which is a numismatic coin. Even if the company folds,winds up, you still have your asset which will fetch you a good price as I have mentioned above. The company's turnover this year is poised to cross one billion dollars, and the very idea of it folding is ridiculous. So you will always have a good business opportunity, and can make a great deal of profits, upto 3.5 crores a year.
You will fail only if you get disheartened and stop working.
-------------------------------------------------------------------------------
Saturday, August 12, 2006
What do you require to pursue Goldquest Business?
Gents,
REMEMBER YOU ARE NOT GOING TO SELL GOLD COINS. yOU ARE THERE TO SELL A MAGNIFICENT BUSINESS OPPORTUNITY TO MAKE PEOPLE RICH.
you fail to succeed in this business if
a)Dont join
b)If you give up
c) if you dont help your clients to move ahead
FOLLOWING ARE THE THINGS YOU NEED MOST if you want to succeed in Gold Quest Business.
1. Focus
2.Get fully trained by attending the meetings,leaders.
3.Strong will and motivation to help those that follow you,by training them
What can lead to failure?
1. Lack of correct attitude to convince people about business.
yOU CANNOT FORCE SOMEONE TO ACCEPT. you need to explain fully well.
2.you cannot balance left and right under you
3.Giving up easily. (Never give up is what you need most)
4.It is not the gold coin you buy you need to focus on.
It is not the appreciation in coin value.
It is the business opportunity the company provides you that is your focus.
Company gives you a vehicle to travel to a destination. What you pay is the admission fees to enter into the scheme,the business. You can reach 3.5 crore
level only if you join, only if you understand the business and move it forward.
It is upto everyone to get into the vehicle to reach destination.
5.you are not doing a favour to anyone by joining.
You are doing yourself a favour by becoming a member to become rich.
6.YOU CANNOT GET AT LEAST TWO PEOPLE TO JOIN.
How it works?
Every one has a circle of influence from 2 to 5 persons.
You try to get at least two members to join.
THese two will in turn get two members each
What if they cannt? You as their leader must help them because your success depends on their success.
yOU MAY SAY
If I join, I will pay the money and have to wait about three months till I receive my gold coin.Yes that is true.
Why you joined? To get gold coin?
NO, you joined to avail the busiss opportunity to reach from 30k to 3.5 crore
From the moment you join and get your referal number, you can move ahead with business,you can get people to join within minutes of joining.
THAT IS YOUR MONEY MAKING OPPORTUNITY. That is your focus.
Remember
your vision is to get to your finacial freedom.
It is not the coin.
It is your commissions.
THEY MULTIPLY EXPONENTIALLY.
REMEMBER YOU ARE NOT GOING TO SELL GOLD COINS. yOU ARE THERE TO SELL A MAGNIFICENT BUSINESS OPPORTUNITY TO MAKE PEOPLE RICH.
you fail to succeed in this business if
a)Dont join
b)If you give up
c) if you dont help your clients to move ahead
FOLLOWING ARE THE THINGS YOU NEED MOST if you want to succeed in Gold Quest Business.
1. Focus
2.Get fully trained by attending the meetings,leaders.
3.Strong will and motivation to help those that follow you,by training them
What can lead to failure?
1. Lack of correct attitude to convince people about business.
yOU CANNOT FORCE SOMEONE TO ACCEPT. you need to explain fully well.
2.you cannot balance left and right under you
3.Giving up easily. (Never give up is what you need most)
4.It is not the gold coin you buy you need to focus on.
It is not the appreciation in coin value.
It is the business opportunity the company provides you that is your focus.
Company gives you a vehicle to travel to a destination. What you pay is the admission fees to enter into the scheme,the business. You can reach 3.5 crore
level only if you join, only if you understand the business and move it forward.
It is upto everyone to get into the vehicle to reach destination.
5.you are not doing a favour to anyone by joining.
You are doing yourself a favour by becoming a member to become rich.
6.YOU CANNOT GET AT LEAST TWO PEOPLE TO JOIN.
How it works?
Every one has a circle of influence from 2 to 5 persons.
You try to get at least two members to join.
THese two will in turn get two members each
What if they cannt? You as their leader must help them because your success depends on their success.
yOU MAY SAY
If I join, I will pay the money and have to wait about three months till I receive my gold coin.Yes that is true.
Why you joined? To get gold coin?
NO, you joined to avail the busiss opportunity to reach from 30k to 3.5 crore
From the moment you join and get your referal number, you can move ahead with business,you can get people to join within minutes of joining.
THAT IS YOUR MONEY MAKING OPPORTUNITY. That is your focus.
Remember
your vision is to get to your finacial freedom.
It is not the coin.
It is your commissions.
THEY MULTIPLY EXPONENTIALLY.
LONG TERM INVESTING-WARREN bUFFET -SOFTWARE DEMO
Long term trading-like Warren Buffet-E books and software.
--------------------------------------------------------------------------------
Gents,
Are you interested to go after value investing?
BUY THE STOCKS HAVING PRICE BELOW OR EQUAL TO INTRINCIC VALUE
SIT TIGHT FOR LONG PERIOD
Learn it all at
http://www.conscious-investor.com/
free demos to learn
http://www.conscious-investor.com/so...emo/demous.asp
================================================
How Conscious Investor Helps You Identify the Right Company
-- and What Price to Pay for It.
Conscious Investor® is a sophisticated, yet user-friendly, analysis tool that has been designed to allow all investors to follow a systematic, business-like approach to buying and selling stocks.
Until now, selecting outstanding companies and calculating what price to pay for them has been excessively challenging and time consuming, if not downright impossible.
View the Free Demo!
Conscious Investor® completely changes the face of the selection process, and gives you an edge that has never before been available to ordinary investors. You will quickly gain immunity from all the conflicting opinions expressed daily by the talking heads, the gurus, the newsletters, and even your neighbors.
The first step is to scan individual sectors, or even the whole market, to find the small minority of stocks that meet our stringent “Buffett-style” criteria. This scanning combines crucial company information with proprietary tools to estimate future profitability of an investment in any of the companies.
These scanners alone will save you literally hours of time researching potentially wealth-eroding companies.
The second step is to perform more analyses on any of the companies that have been passed through the initial filters.
The third step is calculating the right price to pay. This is where the power of Conscious Investor really comes to the fore. It is not a question of whether a stock is undervalued or overvalued according to some theoretical model. Rather, what Conscious Investor does is calculate precisely what return you can expect under your own margin of safety.
Problem?
The software is for usa stocks. never mind, It can be applied to indian stocks as well.
Point is Do you catch the concept?
DO YOU HAVE THAT VISION FOR LONG TERM?
IT IS BUY AND HOLD INVESTING FOR HIGH VALUE STOCKS.
--------------------------------------------------------------------------------
Gents,
Are you interested to go after value investing?
BUY THE STOCKS HAVING PRICE BELOW OR EQUAL TO INTRINCIC VALUE
SIT TIGHT FOR LONG PERIOD
Learn it all at
http://www.conscious-investor.com/
free demos to learn
http://www.conscious-investor.com/so...emo/demous.asp
================================================
How Conscious Investor Helps You Identify the Right Company
-- and What Price to Pay for It.
Conscious Investor® is a sophisticated, yet user-friendly, analysis tool that has been designed to allow all investors to follow a systematic, business-like approach to buying and selling stocks.
Until now, selecting outstanding companies and calculating what price to pay for them has been excessively challenging and time consuming, if not downright impossible.
View the Free Demo!
Conscious Investor® completely changes the face of the selection process, and gives you an edge that has never before been available to ordinary investors. You will quickly gain immunity from all the conflicting opinions expressed daily by the talking heads, the gurus, the newsletters, and even your neighbors.
The first step is to scan individual sectors, or even the whole market, to find the small minority of stocks that meet our stringent “Buffett-style” criteria. This scanning combines crucial company information with proprietary tools to estimate future profitability of an investment in any of the companies.
These scanners alone will save you literally hours of time researching potentially wealth-eroding companies.
The second step is to perform more analyses on any of the companies that have been passed through the initial filters.
The third step is calculating the right price to pay. This is where the power of Conscious Investor really comes to the fore. It is not a question of whether a stock is undervalued or overvalued according to some theoretical model. Rather, what Conscious Investor does is calculate precisely what return you can expect under your own margin of safety.
Problem?
The software is for usa stocks. never mind, It can be applied to indian stocks as well.
Point is Do you catch the concept?
DO YOU HAVE THAT VISION FOR LONG TERM?
IT IS BUY AND HOLD INVESTING FOR HIGH VALUE STOCKS.
How to make Rs 10 Lacs in 3 years, and from how much?
HOW DO YOU MAKE Rs 10 LACS IN 3 YEARS? What is your starting capital?By Rameshbabu Velidi
The question is not a simple one.
There may be more than one answer.
Time peroid=3 years=36months each having 22 trading days.=792 days of trading.
Medium to invest=stocks(simple),index futures,options-both the last 2 need study
10laks=target amount at the end of 792days
---------------------------------
Assuming you make 4% a month, or 10% a quarter of three months,
If you start with Rs 3 laks, assuming no losses, at 4% gain every month, you will end up reaching a target amount of 12.31 laks after 36 months.
If you just trade for for 31 months you reach 10.11 laks.
--------------------------------------------------------
Assuming you make only 2% a month on 3 laks, you reach a conservative estimate of
6.12laks at the end of 36 months. if you dont loose any thing.
---------------------------------------------------------
Assuming you manage to make 3% every month by your trading, you reach a
target level of 8.69 Laks at the end of 36 months.
------------------------
That is calculations to begin with.
The fact remains in trading losses are always there. How much and how do you control it decide the maximum loss one can encounter. so you have to make allowances for the losses apart from profits.
The only way you can do it is by trying for more profits and less losses.
How do you handle these losses?
Fix up your maxium loss level in advance and get out of market once your loss levelk is hit.
Money management is the key. trade ten trades,have 6 losses at 2% each,gain 4 trades at 8% each,net gain=32-12=20%
If you want to make 4% a month, you need to aim at making 8% , and even if you loose 4%, still you reach your target.
what is thing you will trade? onE OF= stocks,futures,options
which is the method you will use?
Daytrading,Swing trading,Long term trading
Day trading.
Not an easy thing if you dont know what giant evil demon you are dealing with, and if you dont have right kind of weapons,you might loose all you got.
weapons=a trading software, auto squareup facility, a very low brokerage at 0.02%,faster trade execution,and right stocks with high volatility to trade,and above all
A strict risk control strategy in the face of sudden market crashes. Smart people with smart techniques can only do this.
Swing Trading.
you buy stocks at right timing ahead of uptrends,well before a trend really begins, and you exit after weeks and months with maximum profits. If a marketcrash occurs after you bought stocks,you must have an automatic exit from all your positions minimising major losses. point is you invest along with major indices and exit fast if the indices begin to dive down.Trendline techniques can help a lot.
Long term trading.
Part-1 Warren Buffet style=value investing
Part-2 Nicolas Darvas style=Box theory
Part-1
Every one says Dont buy and hold-you will loose.
Warren buffet is one guy who proved to the world that you can make maximum profits doing a buy and hold,but only if you select best of the stocks and buy them at best of times at lowets of prices. it means vision,waiting,long period of time,proper evaluation and selection of stocks,above all right timing to enter.
People who bought infosys shares at 90 rupees or 150 rupees reached a value level of 3 laks from 9000 or 15000 rupees in a span of three years. these people just bought and stayed cool.wipro -same thing happened.
Part-2 Nicolas Darvas The great Box theory.
Darvas found that prices fluctuate normally in a box where the top of box is the highest price in a short span of 3 to 5 days,and bottom of the box is the lowest price made by the stock in same time span. The theory says prices consolidate in a narrow box zone before they break out in price through the top of the box.
Simple approach is VERY POWERFUL.
wHAT TO DO? just buy a darvas box software, buy only if the price breaks through the top of box and sell off if the price falls through the bottom of the box.
------------------------------------------
now think about all these methods pick your vehicle and travel to your destination.
....What is the mininmum amount we need to invest in
stocks...to make 10 lakhs in 3 yrs???...
The question is not a simple one.
There may be more than one answer.
Time peroid=3 years=36months each having 22 trading days.=792 days of trading.
Medium to invest=stocks(simple),index futures,options-both the last 2 need study
10laks=target amount at the end of 792days
---------------------------------
Assuming you make 4% a month, or 10% a quarter of three months,
If you start with Rs 3 laks, assuming no losses, at 4% gain every month, you will end up reaching a target amount of 12.31 laks after 36 months.
If you just trade for for 31 months you reach 10.11 laks.
--------------------------------------------------------
Assuming you make only 2% a month on 3 laks, you reach a conservative estimate of
6.12laks at the end of 36 months. if you dont loose any thing.
---------------------------------------------------------
Assuming you manage to make 3% every month by your trading, you reach a
target level of 8.69 Laks at the end of 36 months.
------------------------
That is calculations to begin with.
The fact remains in trading losses are always there. How much and how do you control it decide the maximum loss one can encounter. so you have to make allowances for the losses apart from profits.
The only way you can do it is by trying for more profits and less losses.
How do you handle these losses?
Fix up your maxium loss level in advance and get out of market once your loss levelk is hit.
Money management is the key. trade ten trades,have 6 losses at 2% each,gain 4 trades at 8% each,net gain=32-12=20%
If you want to make 4% a month, you need to aim at making 8% , and even if you loose 4%, still you reach your target.
what is thing you will trade? onE OF= stocks,futures,options
which is the method you will use?
Daytrading,Swing trading,Long term trading
Day trading.
Not an easy thing if you dont know what giant evil demon you are dealing with, and if you dont have right kind of weapons,you might loose all you got.
weapons=a trading software, auto squareup facility, a very low brokerage at 0.02%,faster trade execution,and right stocks with high volatility to trade,and above all
A strict risk control strategy in the face of sudden market crashes. Smart people with smart techniques can only do this.
Swing Trading.
you buy stocks at right timing ahead of uptrends,well before a trend really begins, and you exit after weeks and months with maximum profits. If a marketcrash occurs after you bought stocks,you must have an automatic exit from all your positions minimising major losses. point is you invest along with major indices and exit fast if the indices begin to dive down.Trendline techniques can help a lot.
Long term trading.
Part-1 Warren Buffet style=value investing
Part-2 Nicolas Darvas style=Box theory
Part-1
Every one says Dont buy and hold-you will loose.
Warren buffet is one guy who proved to the world that you can make maximum profits doing a buy and hold,but only if you select best of the stocks and buy them at best of times at lowets of prices. it means vision,waiting,long period of time,proper evaluation and selection of stocks,above all right timing to enter.
People who bought infosys shares at 90 rupees or 150 rupees reached a value level of 3 laks from 9000 or 15000 rupees in a span of three years. these people just bought and stayed cool.wipro -same thing happened.
Part-2 Nicolas Darvas The great Box theory.
Darvas found that prices fluctuate normally in a box where the top of box is the highest price in a short span of 3 to 5 days,and bottom of the box is the lowest price made by the stock in same time span. The theory says prices consolidate in a narrow box zone before they break out in price through the top of the box.
Simple approach is VERY POWERFUL.
wHAT TO DO? just buy a darvas box software, buy only if the price breaks through the top of box and sell off if the price falls through the bottom of the box.
------------------------------------------
now think about all these methods pick your vehicle and travel to your destination.
....What is the mininmum amount we need to invest in
stocks...to make 10 lakhs in 3 yrs???...
Friday, August 11, 2006
Why gold quest is not like other networking companies
WHY QUESTNET IS NOT LIKE OTHER NETWORKING COMPANIES
BY SYDNEY PEREIRA
(Graphics are missing-will be added soon)
(Note: To receive original ms word file,please e mail me your request at ramesh151@yahoo.com )
Many people when told about Questnet and Goldquest immediately say OH! It is like Amway or it is a scam, a chain, a pyramid or a Multi Level Marketing scheme or some other such nonsense without even trying to understand what it is. Questnet is unique in that there is no other business opportunity like it anywhere. And I will call it a Business, because it is hard work just like in any other business.
First let me explain to you what a Multi Level Marketing scheme or MLM as it is referred to is.
As the name implies, the amount of commission that you receive depends on the level you are at. Look at the diagram below. (So sorry -missing graphics)
YOU
A B
Here you are the head of your organization and you are selling products for which you receive commission. When you sell the products directly to a customer, you earn the highest commission say 20%. But there is only that much you can do by yourself. If you want your turnover to increase you need more people to sell the products, and you will have to give them a commission or else they will not be interested. So now you have got two others A and B to join you, and whatever A and B sells earns you a commission, let us say 10%. Now A and B will not be satisfied with the volume of business that they are doing, and will want to recruit more people to sell the products. Assume that they get two people each as the figure below shows.
Here A has C on left and D on right under him.
B has E on left and F on right under him.
Now C, D, E, and F will want their 10% margin from A and B, what is left is 10%, and if that is shared, it will work out to 5% each for A and you. But it is not shared equally as this is a MLM scheme and the commission depends on the level on which you are. So A will get more than 5% and you will get less than 5%.
As you can see, this is a law of diminishing returns. As the business builds, you at the top get less and less. So the only way you can maximize your commissions is by selling maximum directly to your customers, and having the maximum number of people directly below you, that is in the layer directly below you.
Another disadvantage in other schemes is that you are selling products on a commission basis; you have to stock up these products like a shopkeeper, and remember that these products have expiry dates. You have sell them before they expire, and many such schemes have a quota for you to fulfill in a given time period.
In the Questnet business plan every one gets an equal commission. It does not matter on which level you are. If a person ten levels below you joins, you will be credited with your commission, and in due course when your left and right sides balance, you will get your cheque.
No other business offers you this opportunity. You have to stock nothing; there is no expiry date, no quota, and no time frame. You can start your business, do nothing for two years, and then take off from where you started without loosing any advantage.
A PYRAMID SCHEME
People will tell you that this is a pyramid scheme. Do you really know what a pyramid scheme is? Perhaps you have received a letter stating Do you want to be a millionaire? Then send one rupee by money order to each of the following with instructions to each of them? The number of names will never be more than nine, and it will cost you only nine rupees. This is a pyramid scheme. One of the names on the top is the name of the person who started the scheme. He will always receive one rupee from every one who joins the scheme. The others will be those below him in a calculated order and every one below will receive something in a descending order. So those at the top will receive the bulk of the money, those at the bottom will be only contributing and receiving nothing.
Can you call the Questnet business opportunity a pyramid scheme? (In pyramid scheme, the top people receive all the money). This is utter rubbish.
Another argument is that the people on the bottom most rows pay for the top most rows to prosper. Shall I give you an example?
Say that you have enrolled in the Questnet Business and have been moderately successful. After working hard for one year you have sixty-four people on your lowest layer, thirty-two on your right and thirty-two on your left. Let me give you a diagram as shown below.
We have reached a bottom layer of 32 persons on the left and 32 persons on the right. Imagine that 31 people on the right and 31 on the left go to sleep and do nothing further. They have tried to do the business for a few months, have not succeeded, and have decided to give up. While the one guy on the left, who hasn’t given up is a very dynamic person and has seen tremendous success, the other guy on the right has still not given up and has collected 14 persons below him, and his success has stopped. Let us simplify it by putting it in a diagram.
As we can see the one guy on the left has reached 1024 persons below him on the lowest level that means about 2047 persons directly below him. What will he earn? If he has bought a single coin, he will earn roughly Rs. 2000 per coin below him. That will work out to over 40 lakhs. What will YOU get?
Up to the balanced level of 32 + 32 people, the number below you will be 126 persons, and that will earn you two lakhs and fifty two thousand. Below that, the man on the right has only 14 people below him, so you will get a cheque for 14 + 14, and that is 56,000 rupees. That is all. Just imagine, the guy right below you has earned over 40 lakhs, and you, even after being right on top, are stuck at an earning of just over three lakhs. Can you ever call this a PYRAMID Scheme? It is ridiculous to do so.
A CHAIN
This is another fallacy. People use this term without knowing what this term really means. A chain will work as long as there is not a single break anywhere. One break and the chain ends.
In the last example that I showed you, we had reached a stage where 31 persons on the right and 31 persons on the left stopped working. This left only one person on the right and one person on the left. If both these persons continue, the business will still run very well. It is only when ever one on one side stops, that the business can stop. But even here there is a remedy.
If you want to accelerate the business, you can always buy another coin and place it below anyone of the eight on the right in the last example. Your business will still continue.
BY SYDNEY PEREIRA
(Graphics are missing-will be added soon)
(Note: To receive original ms word file,please e mail me your request at ramesh151@yahoo.com )
Many people when told about Questnet and Goldquest immediately say OH! It is like Amway or it is a scam, a chain, a pyramid or a Multi Level Marketing scheme or some other such nonsense without even trying to understand what it is. Questnet is unique in that there is no other business opportunity like it anywhere. And I will call it a Business, because it is hard work just like in any other business.
First let me explain to you what a Multi Level Marketing scheme or MLM as it is referred to is.
As the name implies, the amount of commission that you receive depends on the level you are at. Look at the diagram below. (So sorry -missing graphics)
YOU
A B
Here you are the head of your organization and you are selling products for which you receive commission. When you sell the products directly to a customer, you earn the highest commission say 20%. But there is only that much you can do by yourself. If you want your turnover to increase you need more people to sell the products, and you will have to give them a commission or else they will not be interested. So now you have got two others A and B to join you, and whatever A and B sells earns you a commission, let us say 10%. Now A and B will not be satisfied with the volume of business that they are doing, and will want to recruit more people to sell the products. Assume that they get two people each as the figure below shows.
Here A has C on left and D on right under him.
B has E on left and F on right under him.
Now C, D, E, and F will want their 10% margin from A and B, what is left is 10%, and if that is shared, it will work out to 5% each for A and you. But it is not shared equally as this is a MLM scheme and the commission depends on the level on which you are. So A will get more than 5% and you will get less than 5%.
As you can see, this is a law of diminishing returns. As the business builds, you at the top get less and less. So the only way you can maximize your commissions is by selling maximum directly to your customers, and having the maximum number of people directly below you, that is in the layer directly below you.
Another disadvantage in other schemes is that you are selling products on a commission basis; you have to stock up these products like a shopkeeper, and remember that these products have expiry dates. You have sell them before they expire, and many such schemes have a quota for you to fulfill in a given time period.
In the Questnet business plan every one gets an equal commission. It does not matter on which level you are. If a person ten levels below you joins, you will be credited with your commission, and in due course when your left and right sides balance, you will get your cheque.
No other business offers you this opportunity. You have to stock nothing; there is no expiry date, no quota, and no time frame. You can start your business, do nothing for two years, and then take off from where you started without loosing any advantage.
A PYRAMID SCHEME
People will tell you that this is a pyramid scheme. Do you really know what a pyramid scheme is? Perhaps you have received a letter stating Do you want to be a millionaire? Then send one rupee by money order to each of the following with instructions to each of them? The number of names will never be more than nine, and it will cost you only nine rupees. This is a pyramid scheme. One of the names on the top is the name of the person who started the scheme. He will always receive one rupee from every one who joins the scheme. The others will be those below him in a calculated order and every one below will receive something in a descending order. So those at the top will receive the bulk of the money, those at the bottom will be only contributing and receiving nothing.
Can you call the Questnet business opportunity a pyramid scheme? (In pyramid scheme, the top people receive all the money). This is utter rubbish.
Another argument is that the people on the bottom most rows pay for the top most rows to prosper. Shall I give you an example?
Say that you have enrolled in the Questnet Business and have been moderately successful. After working hard for one year you have sixty-four people on your lowest layer, thirty-two on your right and thirty-two on your left. Let me give you a diagram as shown below.
We have reached a bottom layer of 32 persons on the left and 32 persons on the right. Imagine that 31 people on the right and 31 on the left go to sleep and do nothing further. They have tried to do the business for a few months, have not succeeded, and have decided to give up. While the one guy on the left, who hasn’t given up is a very dynamic person and has seen tremendous success, the other guy on the right has still not given up and has collected 14 persons below him, and his success has stopped. Let us simplify it by putting it in a diagram.
As we can see the one guy on the left has reached 1024 persons below him on the lowest level that means about 2047 persons directly below him. What will he earn? If he has bought a single coin, he will earn roughly Rs. 2000 per coin below him. That will work out to over 40 lakhs. What will YOU get?
Up to the balanced level of 32 + 32 people, the number below you will be 126 persons, and that will earn you two lakhs and fifty two thousand. Below that, the man on the right has only 14 people below him, so you will get a cheque for 14 + 14, and that is 56,000 rupees. That is all. Just imagine, the guy right below you has earned over 40 lakhs, and you, even after being right on top, are stuck at an earning of just over three lakhs. Can you ever call this a PYRAMID Scheme? It is ridiculous to do so.
A CHAIN
This is another fallacy. People use this term without knowing what this term really means. A chain will work as long as there is not a single break anywhere. One break and the chain ends.
In the last example that I showed you, we had reached a stage where 31 persons on the right and 31 persons on the left stopped working. This left only one person on the right and one person on the left. If both these persons continue, the business will still run very well. It is only when ever one on one side stops, that the business can stop. But even here there is a remedy.
If you want to accelerate the business, you can always buy another coin and place it below anyone of the eight on the right in the last example. Your business will still continue.
Thursday, August 10, 2006
SWING TRADING TECHNIQUES
Market Timing For Swing Traders
Your market timing strategy is critical your success as a swing trader.
When the stock market rallies, 3 out of 4 stocks will move up with the market.
On the other hand, when the market sells off, 3 out of 4 stocks will decline with it.
Knowing this, doesn't it make sense to time your trades to the market? YES!
Market Timing Using Moving Averages
The first thing you want to look at is a chart of the S&P 500. Look at the 10 period simple moving average (sma) and the 30 exponential moving average (ema) to determine if you should be focusing on long positions or short positions.
Here are the rules for timing your trades to the market using moving averages (daily chart):
If the 10 sma is above the 30 ema, you should be focusing on long positions only.
If the 10 sma is below the 30 ema, you should be focusing on short positions only (or stay in cash).
This simple technique will tell you what type of trades (long or short) you will be concerned with right now. It identifies the underlying trend to keep you on the right side of the market. This part of your market timing strategy answers the question of WHAT types of trades to focus on.
Ok, now we know whether or not we will be trading on the long side or the short side.
Now we need to answer the question of WHEN to buy and when to sell.
That is where Williams %R comes in...
Market Timing Using Williams %R
I'm not really a big fan of technical indicators but Williams %R is useful to get a "general idea" of when the market has reached a short term extreme and is likely to reverse. It calculates the close in relation to the range over a set period of time. The default setting in most charting packages has it set at 14 periods, but we would like it to be a little more sensitive than that so we will use a 3 period setting. Here are the rules for timing your trades using Williams %R.
When the 10 sma is above the 30 ema, we will look to go long when Williams %R is less than -80.
When the 10 sma is below the 30 ema, we will look to go short when Williams %R is greater than -20.
See how we are NOT predicting what is going to happen in the future. That is a waste of time. Instead, we are reacting to whatever the chart tells us to do.
Use this market timing method to identify when to establish long or short positions. Once you are in a stock, trade the chart of the stock itself and forget about the market. Often times, stocks will trade contrary to the market. Use your specific entry and exit strategy to get into and out of individual stocks!
For more information on this topic including example stock charts visit:
http://www.swing-trade-stocks.com/market-timing.html
Your market timing strategy is critical your success as a swing trader.
When the stock market rallies, 3 out of 4 stocks will move up with the market.
On the other hand, when the market sells off, 3 out of 4 stocks will decline with it.
Knowing this, doesn't it make sense to time your trades to the market? YES!
Market Timing Using Moving Averages
The first thing you want to look at is a chart of the S&P 500. Look at the 10 period simple moving average (sma) and the 30 exponential moving average (ema) to determine if you should be focusing on long positions or short positions.
Here are the rules for timing your trades to the market using moving averages (daily chart):
If the 10 sma is above the 30 ema, you should be focusing on long positions only.
If the 10 sma is below the 30 ema, you should be focusing on short positions only (or stay in cash).
This simple technique will tell you what type of trades (long or short) you will be concerned with right now. It identifies the underlying trend to keep you on the right side of the market. This part of your market timing strategy answers the question of WHAT types of trades to focus on.
Ok, now we know whether or not we will be trading on the long side or the short side.
Now we need to answer the question of WHEN to buy and when to sell.
That is where Williams %R comes in...
Market Timing Using Williams %R
I'm not really a big fan of technical indicators but Williams %R is useful to get a "general idea" of when the market has reached a short term extreme and is likely to reverse. It calculates the close in relation to the range over a set period of time. The default setting in most charting packages has it set at 14 periods, but we would like it to be a little more sensitive than that so we will use a 3 period setting. Here are the rules for timing your trades using Williams %R.
When the 10 sma is above the 30 ema, we will look to go long when Williams %R is less than -80.
When the 10 sma is below the 30 ema, we will look to go short when Williams %R is greater than -20.
See how we are NOT predicting what is going to happen in the future. That is a waste of time. Instead, we are reacting to whatever the chart tells us to do.
Use this market timing method to identify when to establish long or short positions. Once you are in a stock, trade the chart of the stock itself and forget about the market. Often times, stocks will trade contrary to the market. Use your specific entry and exit strategy to get into and out of individual stocks!
For more information on this topic including example stock charts visit:
http://www.swing-trade-stocks.com/market-timing.html
DOUBTS AND CLARIFICATIONS ABOUT GOLDQUEST
Hi Mayur,
Thanks and you are welcome.
Dont believe it because I said it. Unless logically supported,and satisfying dont begin
Few things To say from myside.
1. First thing. Dont be too fast to just begin new thing just like that.There is no hurry. My slogan is Investigate,INVESTIGATE,INVESTIGATE
2.Question everything you doubt,convince yourself.
3.Once you cross those two zones, Enter whole heartedly.And in all sincerety.
To be honest, I myself donot know much.still learning.I have people asking me-would you like to join? I said,may be yes,only after I convince myself.
In short, I feel here is the vehicle which can take you from 30k starting point to a destination of 3.5 crore. The point is Do I want to board it or dont I like to board it?
What is required?
After a person joins, all he needs to do is get at least two new members to join in a period ranging from one week to a longest period of a month or a quarter of three months.And one has to become a leader to help all those that follow him to learn the process of expanding.YOU cannot sit tight and watch. one needs to act. That is all.
Now Answers to your other queries
1. This is not a pyramid scheme.In a pyramid scheme,some people get more,much more.some people get more by doing nothing,but through the hardwork of all others that join later.How it is different from AMWAY?or others?In Goldquest, all people get equal commission if they meet the requirement.Second, whoever works,gets the benefit whether he joined early or late.
2.you can join from anywhere.that is not a problem.
3.Will this company stay around?
Many MLM came and gone. Yes of course.Where is the surety this wont go? I think that was your question.My answer is simple.Gold quest was there since 1998. It is still there today.
As on the last time I got the info, there were 110000 members alone in India(around 1st august2006). Every month it grows by an an approximate 211 members. I had a chance to see through a friend of mine on oneday alone there were about 17 new entrants in a mater of say less than one hour.This info does not mean you hurry up.It is just the facts I have at this time.
What is the focus and AIM?
RYTHM = RAISE YOURSELF TO HELP MANKIND.and mankind starts with myself or yourself.FirstYOU NEED TO RAISE YOURSELF TO HELP YOURSELF.
Thanks and you are welcome.
Dont believe it because I said it. Unless logically supported,and satisfying dont begin
Few things To say from myside.
1. First thing. Dont be too fast to just begin new thing just like that.There is no hurry. My slogan is Investigate,INVESTIGATE,INVESTIGATE
2.Question everything you doubt,convince yourself.
3.Once you cross those two zones, Enter whole heartedly.And in all sincerety.
To be honest, I myself donot know much.still learning.I have people asking me-would you like to join? I said,may be yes,only after I convince myself.
In short, I feel here is the vehicle which can take you from 30k starting point to a destination of 3.5 crore. The point is Do I want to board it or dont I like to board it?
What is required?
After a person joins, all he needs to do is get at least two new members to join in a period ranging from one week to a longest period of a month or a quarter of three months.And one has to become a leader to help all those that follow him to learn the process of expanding.YOU cannot sit tight and watch. one needs to act. That is all.
Now Answers to your other queries
1. This is not a pyramid scheme.In a pyramid scheme,some people get more,much more.some people get more by doing nothing,but through the hardwork of all others that join later.How it is different from AMWAY?or others?In Goldquest, all people get equal commission if they meet the requirement.Second, whoever works,gets the benefit whether he joined early or late.
2.you can join from anywhere.that is not a problem.
3.Will this company stay around?
Many MLM came and gone. Yes of course.Where is the surety this wont go? I think that was your question.My answer is simple.Gold quest was there since 1998. It is still there today.
As on the last time I got the info, there were 110000 members alone in India(around 1st august2006). Every month it grows by an an approximate 211 members. I had a chance to see through a friend of mine on oneday alone there were about 17 new entrants in a mater of say less than one hour.This info does not mean you hurry up.It is just the facts I have at this time.
What is the focus and AIM?
RYTHM = RAISE YOURSELF TO HELP MANKIND.and mankind starts with myself or yourself.FirstYOU NEED TO RAISE YOURSELF TO HELP YOURSELF.
How the average indian can get rich?
How the average indian can get rich?
Gents,Every Indian dreams of getting rich.India lost its wealth between year 1600 and year 1947.Indians were left basically poor.
Now looking at ways and means of making average indian rich, we seem to have just three or four options.Leave out natural options like getting a good job based on a good qualification and Starting a business of your own.I EXCLUDE ART AND NUMISMATICS time being as not suitable.
What are the options available?
1. Real estate
This is for middle class folks. Invest above a Lakh and depending on your luck your money can grow 10 times to 20 times in a span of 5 to 10 or 15 years.
2.Stock markets
Lower middle class to rich can enter and get rich.Danger is you get rich and you can loose it all also if you dont take care.Getting into company shares like infosys and wipro etc made new generation millionnaires.
3.Gold quest
What about those guys that have no qualification, no education,but have limited funds and ready to work? Gold quest can help them to reach a daily income level ofStart with 30000 and go all the way to 3.5 crore in 5 or 10 yearsdepending upon your hardwork and capability to expand.After 6 members join after you have joined, a cheque is generatedfor an amount of approximately Rs 12000 and you get it as commission.Most impotant thing is keeping balance on left and right to be eligible for commissions. The commissions multiply exponentially as the network expands ,of course,with a balance on right and left sides of the thing.The power of the scheme is simply explained by this
say CONSIDER TWO OPTIONS.
some gives you a lakh Rupees every day for thiRty days orthere is an option to get a rupee on first day,get double of it on second day and go on binary multiplication for a monthwHICH ONE DO YOU CHOOSE?30 LAKHS OR 103 CRORES?(1033741000 TO BE EXACT),say plus 100 croreThe power of gold quest is like that.
To know more please read goldquest post.
Gents,Every Indian dreams of getting rich.India lost its wealth between year 1600 and year 1947.Indians were left basically poor.
Now looking at ways and means of making average indian rich, we seem to have just three or four options.Leave out natural options like getting a good job based on a good qualification and Starting a business of your own.I EXCLUDE ART AND NUMISMATICS time being as not suitable.
What are the options available?
1. Real estate
This is for middle class folks. Invest above a Lakh and depending on your luck your money can grow 10 times to 20 times in a span of 5 to 10 or 15 years.
2.Stock markets
Lower middle class to rich can enter and get rich.Danger is you get rich and you can loose it all also if you dont take care.Getting into company shares like infosys and wipro etc made new generation millionnaires.
3.Gold quest
What about those guys that have no qualification, no education,but have limited funds and ready to work? Gold quest can help them to reach a daily income level ofStart with 30000 and go all the way to 3.5 crore in 5 or 10 yearsdepending upon your hardwork and capability to expand.After 6 members join after you have joined, a cheque is generatedfor an amount of approximately Rs 12000 and you get it as commission.Most impotant thing is keeping balance on left and right to be eligible for commissions. The commissions multiply exponentially as the network expands ,of course,with a balance on right and left sides of the thing.The power of the scheme is simply explained by this
say CONSIDER TWO OPTIONS.
some gives you a lakh Rupees every day for thiRty days orthere is an option to get a rupee on first day,get double of it on second day and go on binary multiplication for a monthwHICH ONE DO YOU CHOOSE?30 LAKHS OR 103 CRORES?(1033741000 TO BE EXACT),say plus 100 croreThe power of gold quest is like that.
To know more please read goldquest post.
Difference between MLM and Gold quest
Difference between MLM and Gold quest
Gents,How does GOLD QUEST COMPARE WITH MLM companies like AMWAY?
AMWAY Versus Gold quest(GQI)1. MLM company is purely after profits.
GOLDQUEST is basically a charitable company,with RYTHM as motto,and happy with 8% profit on turnover.Aim is to give back to the people.
2.MLM companies are typical pyramid structure based. the man on the top,or the early joining guys get most of the benefit. the people below them work hard while people at the top get big bucks for doing nothing.
GQI have the balancing of 3 members on left and 3 members on rightPeople below work hard and only partially help the people at the top.It is possible that people below you can make more money than you if they work hard. Whoever works more gets more. Joining late means no big disadvantage. people who work most get the most of the benefit.IT IS A FAIR GAME.So no comparison with AMWAY.
3.MLM companies have slabs, quotas. If you dont sell fast enough,you end up going to zero commissions and commissions are diffrent at various levels.
GQI hAS NO SLABS,NO QUOTAS,NO TIME LIMITS.EQUAL COMMISSION FOR ALL MEMBERS.
4.AMWAY PRODUCTS GOT A SHELF LIFE and expiry date. you cannot trade it for cash later and value never goes up but diminishes with time.
Gold quest the products are having no shelf life problem, no expiry date,can trade gold for cash later, value generally goes up. And dont forget the numismatic value,particular coin having very high demandIf anything missing please let me know.
Gents,How does GOLD QUEST COMPARE WITH MLM companies like AMWAY?
AMWAY Versus Gold quest(GQI)1. MLM company is purely after profits.
GOLDQUEST is basically a charitable company,with RYTHM as motto,and happy with 8% profit on turnover.Aim is to give back to the people.
2.MLM companies are typical pyramid structure based. the man on the top,or the early joining guys get most of the benefit. the people below them work hard while people at the top get big bucks for doing nothing.
GQI have the balancing of 3 members on left and 3 members on rightPeople below work hard and only partially help the people at the top.It is possible that people below you can make more money than you if they work hard. Whoever works more gets more. Joining late means no big disadvantage. people who work most get the most of the benefit.IT IS A FAIR GAME.So no comparison with AMWAY.
3.MLM companies have slabs, quotas. If you dont sell fast enough,you end up going to zero commissions and commissions are diffrent at various levels.
GQI hAS NO SLABS,NO QUOTAS,NO TIME LIMITS.EQUAL COMMISSION FOR ALL MEMBERS.
4.AMWAY PRODUCTS GOT A SHELF LIFE and expiry date. you cannot trade it for cash later and value never goes up but diminishes with time.
Gold quest the products are having no shelf life problem, no expiry date,can trade gold for cash later, value generally goes up. And dont forget the numismatic value,particular coin having very high demandIf anything missing please let me know.
Monday, August 07, 2006
A presentation of Gold Quest
A PRESENTATION OF GOLDQUEST
BY
SYDNEY PEREIRA
We all are here today because we are interested in learning about a new business opportunity that can enable us to earn a considerable income even if we have a regular job. For all of us who here, who live and work in India’s metro cities, I myself live and work in Mumbai, life has become progressively harder every succeeding year. Today no one works for eight hours. It is normally ten to twelve hours, and there is no overtime. We reach our offices in a frazzled condition by our commute in the morning, and we are even more hassled when we reach home at night. Most of us work six days a week, at least I do. How much do we earn? And worse still how much do we save? Can we own a good home in Mumbai? Can we get a good education for our kids? And lastly will our savings ensure us a secure life when we retire?
When we were younger we used to dream, of owning a three bed room home in Bandra, a luxury car and an ordinary one, holidays abroad, kids going to Doon school, medical or engineering higher education, at least two crores invested in securities, a bungalow in Lonavala, and sometimes even when we get older we dream such dreams. If we come back to reality and try to work out what such a dream will cost we will find that we need close to twelve crores. Can a normal person earn such an amount in his lifetime? That seems a dream and not reality. How does one earn money anyway? There are only three ways to earn money.
1. A Salary.
2. Business.
3. Investments.
Assume we have a very good executive position with a salary of two lakhs a month, how much can we save? Seventy thousand will go in taxes, and remember that we will be living at a level equal to our financial position, so we need club membership, we will be paying EMI’s on our home and car, khanna peena and other kharcha, entertaining and socializing, and what do we save? Twenty thousand a month? Not a bad figure actually as most people do not even earn that much in a month. So we save two lakhs forty thousand a year, twenty four lakhs in ten years, or one crore in forty years of working. When you retire what will you have? A home fully paid for, two cars in rotten condition, your building will now need massive repairs, and as long as you haven’t spent for any major acquisitions, you will have one crore in the bank.
Do you know what it costs to become a doctor today? I was asking our family GP and he told me forty lakhs. If both your kids want to become doctors you will be wiped out. My calculations here are very basic, the point I am trying to put across is you can never realise your dreams even with a salary of two lakhs a month. So is there any other solution? The answer is yes there is.
THE COMPANY.
In 1998 a group of economists from the European Union, several ex members of the UN, the World Bank, and the IMF got together to form a company called Goldquest International LTD based in Hong Kong. This company’s aim was RHYTHM, or Raise Yourself To Help Mankind. It wanted to help as many people as possible to raise their standard of living, and it also did a great deal of charitable work. In the fourth year of its existence it did a turnover of US $ 260 million. This is the highest of any company in its fourth year of business, overtaking the turnovers of Microsoft and IBM in their fourth year of business. The turnover this financial year 2006 to 2007 is set to cross a billion dollars.
Goldquest came to India in 2004 setting up headquarters in Chennai. The wholly owned Indian subsidiary is called Goldquest International Pvt Ltd. The mother company is QI LTD a multinational conglomerate with diverse business interests around the globe. Questnet distributes products from several of its sister concerns, it distributes fine gold products from Goldquest, vacation memberships from Quest Vacation International, telecom products from Quest Technologies and financial solutions from Quest Financials.
Questnet is in the process of tying up with the aviation wing of QI which is being set up in Bangalore and which will become operational in 2007.
adviserQuestnet is also certified under ISO 9001 : 2000, the quality management system valid till May 2008, and the financial advisor to the company is Mrs Nalini Chidambaram, wife of our Finance Minister. So much for the company and its background, but how does this help us.
Questnet had done research to find out what would constitute a very comfortable living standard that was international in its scope. Most countries have done the reverse; they have defined what constitutes a poverty level. In India this level is equal to an income of Rupees eighteen thousand a year or less. Questnet’s level was defined as a level that gave you “Financial Freedom”. An income level that would enable you to live in extreme comfort anywhere in the world. And remember that this level was quantified mainly by Europeans. They defined this level at US $ 3000 dollars, not per year or month or even per week, but per day. Questnet takes the figure of Rupees 46 to the dollar for ease in its calculations. At this rate a satisfactory income according to Questnet would be Rupees 1,38,000/- per day. Working for five days a week and 52 weeks per year, this income would total Rupees 3.58 crores per year. If you earn this figure, then Questnet would deem that you are Financial Free.
When this company was formed, its directors had to decide whether to offer a product or a service. They decided to offer a product, but with four stringent criteria. It had to be
1. Universally Accepted. Recognizable all over the World.
2. It had to have instant liquidity.
3. Did not have to suffer from shelf life.
4. It had to have a price that kept steadily appreciating over the years.
Now these criteria can obviously be met by any precious metal, Gold Silver Platinum and so on, what about price? That was the real issue. I am going to write a word below and I will ask you whether you can recognize it.
NUMISMATICS
Numismatics is the science of collecting coins, medallions, currency and other rare objects. But, intrinsic to this numismatic concept is the rarity factor. Following the simple laws of demand and supply, if something is in demand and the supply is limited obviously, the price goes up. I will give you the example of an American Double Eagle coin, Double Eagle is 20 dollars, minted in 1933. This was not a specially minted coin but was released in a limited quantity. One such coin in mint condition was auctioned at Sotheby’s two years ago for, seven point six million dollars. Last year Questnet had sold to its IR’s (Independent Representatives) a Mother Theresa Gold coin which was snapped up. This year it was auctioned by Ebay for US $ 6000. This is six times more than was paid for it last year. If you go to Google or Yahoo and type in Numismatics, you will be hit by over 3 million sites. Even the Government of India is in the business of numismatic coins. Last year they released a three coin set of Veer Durgadas. Three coins of denominations of a hundred, a ten and a one rupee coin. These are non circulated tender. These coins were available under stringent conditions. You had to deposit a demand draft with the Reserve bank of India during a stipulated period, and they made as many sets as there were drafts. Delivery was after eighteen months, with the government having the right to extend this period. The price of the coins? Rupees 1175, a premium of at least 1000%. And how were they able to charge such a premium? Because the Government is aware of the huge interest in numismatic coins, and the large number of collectors.
Questnet decided that they will get these coins made in 24 carat gold, or 999.9 fineness as it is know in the industry. These coins would be minted at the H Meyers mint in Germany, one of the twenty three private mints in the world, and one of the top two or three in the world. The coins would be minted to what they call Mint Proof Standard of Excellence. They are so good that if you saw a coin, you would see your face in it, and if you take off the protective cover and put your fingerprint on it, you cannot blow on it and wipe it off. That stain for that little defect will not be removed, and you will have to send it back to West Germany. These coins are limited mintage coins, ranging from 2999 to 10,000, depending on the series. Now the series covers famous persons like Lady Diana, Nelson Mandela, Mahatma Gandhi, Jawaharlal Nehru, famous sportsmen, Don Bradman, Rudy Hartono the badminton ace, sporting events Fifa World Cup, Athens Olympics, revered persons like Mother Theresa, Pope John Paul the Second, Shirdi Sai Baba and places of worship, the Holy Kabba, the Siddivinayak temple. The Siddivinayak temple coin, as a matter of fact was launched by the Chief Minister Vilasrao Dehmukh in July 2005, and it was made to a limited mintage of 4999 coins. Within four months this coin was snapped up by those of us in the business, and it is not surprising because every Tuesday, if you are aware of what’s going on in Dadar, thousands and thousands of pilgrims come from all over Mumbai, to receive Prasad, Prasad at the Siddivinayak Temple. The holy Kabba, 2999 coins. When this series is over, with a billion Muslims worldwide, the mind boggles at the numismatic value that the coin will get in future. Remember that the coins once made have their moulds destroyed so that you cannot get another coin of the same type same weight etc. These coins are issued or minted under exclusive licenses from various official issuing Authorities, various Governments and so on.
Now let’s say that you like what you hear, well let me also tell you that the Siddivinayak coin that was sold last year is reported to have risen by 45%, the Mother Theresa coin was auctioned for US $ 6000, and what the other coins will fetch is unknown. We would only be speculation if we set any price. What we do know is that the coins will fetch a much higher price than what we paid for them, if we offer them for sale later. So assuming that all I have told you has made you decide to buy a coin, you will come to me and say, “Sydney, I would like to buy a coin, can you tell me where is it available?” And I will have to tell you that there is no dealer or distributor or retailer. You can only get it by being referred into the purchase by a satisfied customer of Questnet. It is similar to opening a bank account. Without an introduction you will not be able to open a bank account. So the referral is like the introduction. You can introduce any number of people to open a bank account, but you get only two referrals per coin. Once you get a referral, you can open your account with Questnet. You get a virtual office on the website of Questnet, you get the equivalent of an account number with a password facility, you get a nomination facility, and you have to furnish several pieces of personal information for security purposes. All transactions can be done by e-commerce using a credit card, or by issuing a pay order to the company. They will then issue you with the equivalent in e-cards which you can use to make to make payments on the net.
Anyone who purchases a coin gets only two referrals for his lifetime. So you get your own referral first, register yourself and purchase the coin of your choice. The coin normally takes eight weeks to be delivered, as it goes from Germany to Hong Kong, from there to Chennai, and from there to Mumbai. All deliveries in India are done by Blue Dart couriers.
Now when you buy the Goldquest coin you get three values to the coin.
The value of the precious metal, i.e. the cost of the raw gold.
The numismatic value of the gold.
A business opportunity. This opportunity puts the first two values in the shade.
This business opportunity is based on the Binary plan, and is very very powerful in execution.
Just to explain how powerful it is I will give you an example where I offer you a choice between two proposals.
For a period of a month (30 days) I can offer you one lakh on the first day, one lakh on the second day, and so on and so forth till the last day. OR:-
For the same period of one month, I can offer you one rupee on the first day, double it to two rupees on the second day, double it to four rupees on the third day and so on and so forth till the thirtieth day, which offer will you accept?
Most people accept the first offer, why? Because they see straight away that in thirty days you will receive thirty lakhs, in the second case you are starting with one rupee on the first day, two on the second day, four on the third day. How much can it reach? You will be shocked. Look at the table below. I have calculated the figures as they double every day till the last day.
SUNDAY
MONDAY
TUESDAY
WEDNESDAY
THURSDAY
FRIDAY
SATURDAY
1
2
4
8
16
32
64
128
256
512
1024
2048
4096
8192
16348
32768
65536
131072
262144
524288
1048576
2097152
4194304
8388608
16777216
33554432
67108864
134217728
268435456
53,68,70,912
You will see from here that the amount received on the thirtieth day itself is Fifty Three Crores, sixty eight lakhs, seventy thousand nine hundred and twelve rupees. And the total amount received in the thirty days? It is the astonishing Rupees One Hundred and Three Crores, thirty seven lakhs, forty one thousand, eight hundred and twenty three only. And you opted for thirty lakhs?
This is the power of a geometric progression or duplication as it is called by Goldquest. And this is the way sales of Gold coins are conducted and the way vast profits are distributed as commissions. So let us go on to the plan.
THE PLAN. ( please refer a ms word file prepared with diagrams)
The plan as devised by Goldquest is a Binary plan.
It has a Left side and a Right side, and the levels or steps go down in powers of 2. So we will have “YOU” on top as 2ยบ, then on the next line 2¹, followed by 2² on the next line, and 2³ on the next line and so on. This corresponds to one on the top, followed by two on the line below, followed by four on the line below, followed by eight on the line below, and so on and so forth.
Let us draw a chart to show the plan clearly.
YOU
LEFT RIGHT
You are right on the top of this chart. You have just purchased a coin, and you have two direct referrals which you can use. The referrals can enable friends or family members or anyone for that matter to purchase a coin each. There is a left and a right side to the plan and the centre dividing arrow separates the left from the right.
No human being lives like a hermit. Everyone has what I would call a sphere of influence, or a circle of influence. This would include those people who are closest to you, and who trust you and believe you completely. They could be friends, colleagues or family. Normally a circle of influence on an average would comprise of at least two to five individuals. You have to really believe in this business yourself before you can persuade someone close to you to join you. Now when you explain the business plan to people in your circle of influence, you will surely get two people to join you. They can purchase a coin each through your two referrals, and you can place them one on the right and one on the left. The figure will now have changed with you above and two below you.
YOU
A B
LEFT RIGHT
Here we see “You” on top with A on your left and B on your right. Now all three of you have purchased a coin, and does it benefit you? “YES”. When A and B purchase a coin each, you are credited with a sum of Rupees 1917/- from A and B each. Let us round it up to Rupees 2000/- so that our figures are easier to calculate. At the end of this step, you have a credit of Rs 4000/- from A and B.
What happens next?
A and B both have two referrals each which they can use, so they reach out into their circle of influence and get two people each to purchase a coin. We have now reached the next step, and the figure will have changed again. Let us see what it looks like.
YOU
A B
LEFT RIGHT
D C E F
In the new figure A has C on his left and D on his right, below him, and B has E and F similarly below him. As explained earlier,
A will now be credited with Rs 2000 from C and D,
and B will be credited with Rs 2000 from E and F.
What about YOU? Will you get anything?
The answer is YES, You too will be credited with Rs 2000 from C, D, E, and F. So at this point you will be credited with a total of Rs 12,000. When will all this credit be converted into cash?
YOU
A
B
LEFT
RIGHT
D
C
H
F When you have three coins on your left, matched by three coins on your right, your credit is converted into a cheque. Questnet will now send you a cheque of Rs 11,500, less TDS of 5.6%.
This would not have been possible in a MLM (Multi Level Scheme). In an MLM scheme, if C purchased a coin, A would get Rs 2000 and You would get say Rs 1000. If someone below C bought a coin, C would get Rs 2000, A would get Rs 1000, and You would get Rs 500. The amount of commission you get depends on the level on which you are. In this business, everyone gets the same commission, independent of which level you are on. Another thing to remember is that you do not need to have every body placed in such a symmetrical position. It could be any three coins on the left balanced by any three coins on the right.
Here we have an unsymmetrical figure. The left is balanced but the right is not, B has no one on the left, F has no one on the left, and H has nobody below. But You have three on the left and three on the right so you will collect your commission of Rs 11,500.
In the next step, C, D, E, and F, will use their two referrals each, to get eight more people into the business. The figure, if drawn, will become unwieldy, so we will use a table, and a time frame of one week for every step. This time frame would very well be even one day or even two months in practice, but one week is convenient for our calculations. Let us start the table in the first week where you get your two referrals.
Week
Number of People
Earnings
1st
YOU+ 2
None
2nd
YOU + 2 + 4
11,500
3rd
YOU + 2 + 4 + 8
11.500
4th
YOU + 2 + 4 + 8 + 16
34,500
5th
YOU + 2 + 4 + 8 + 16 _ 32
57,500
6th
YOU + 2 + 4 + 8 + 16 + 32 + 64
1,26,500
Total Received
2,41,500
· In the first week with two coins below you, you earn nothing.
· In the second week you have six coins below you, with three on the left and three on the right, and you receive Rs 11,500.
· In the third week you have eight more people joining under you, four on each side. You will receive your commission of Rs 11,500 for three plus three, leaving a balance of one plus one coin, to be used in the calculated commission of the next step.
· In the fourth week we have sixteen more people who have joined, eight on the left and eight on the right. With the balance of one plus one left over from the previous step, we will have nine plus nine coins on the left and right respectively. This gives us three sets of three on each side, and a commission of Rs 11,500 multiplied by three, which is Rs 34,500.
· In the fifth week we have thirty two new people joining, sixteen on each side. We now have five sets of three on each side with a balance of one plus one, giving us a commission of Rs 57,500.
· And in the sixth and the last week of this calculation, we have sixty four more people joining, thirty two on each side, with the previous balance making up eleven sets of three on each side and giving us a commission of Rs 1,26,500.
· In all, the figures for the six weeks total up to a grand sum of Rs 2,41,500.
As you can see from the calculations above, you have received Rs 1,26,500 in the sixth week. Divide this by a five day working week and you have earned Rs 25,000 per day. This will gradually increase to 50,000, 75,000, 1,00,000, to 1,25,000, and 1,50,000 a day. But you will not receive anything above 1,38,000 a day. At this point, the company Questnet will say you are financially free, and anything earned above this will revert to the company.
This is the basic plan that has been shown to you here. The next question is what will it cost me to enter this business?
If we had to earn Rs 3.58 crores a year, what would it cost in terms of either doing traditional business, or from investments?
If we assume that the return from business is 20% per annum, we would need an investment of approximately eighteen crores, to get a return of three point six crores a year. If we had to earn this sum from mutual funds, which give an average return of 10%, our investment required would be Rs Thirty six crores. No ordinary person can afford these sums. So what is the cost of the coin that can earn you a return of Rs three point six crores? If I told you six lakhs, would you consider it a good investment? Yes, the returns are very good, but I cannot afford six lakhs. If I said now said that I would be willing to give you the coin for Rs 60,000, would you consider it a good investment? Again “Yes”, an excellent return for a sum of Rs 60,000. OK. Take the coin for its selling price which is Rs 28,100. Now what do you think of this business opportunity?
Let me show you another table where we want to invest Rs 30,000. We can invest in the coin, or say in mutual funds giving us a return of 10% per annum. And also assume that the coin costs Rs 30,000, a round figure, and for each coin below us we earn a round figure of Rs 2000.
Year
Amount invested
Return from MF
percentage
Number of coins below you
Return from Goldquest
Percentage of return
1st
30,000
3,000
10%
20
40,000
133%
2nd
30,000
3,000
10%
200
4,00,000
1333%
3rd
30,000
3,000
10%
2000
40,00,000
13,333%
4th
30,000
3,000
10%
20,000
4,00,00,000
127000%
Total
12,000
4.44.40,000
From the table we can see that our earnings from mutual funds remains constant at 10% per annum or Rs three thousand per year, but what happens when we invest it in a coin?
We have to use our referrals to enable two of our friends to purchase gold coins, and them help the new people to do the same. We had in a previous example taken two months for one step. If we calculate at that rate, in a year we ought to have 126 people below us. Perhaps this is too optimistic a figure. Assume that in a whole year, we succeed in convincing only twenty people to join the business; we will still have earned Rs 40,000. Also assume that in the succeeding years each of these people works half as hard as we did in the first year. Each one brings in only ten persons. So at the end of the second year, we have two hundred coins below us, and we have earned four lakhs.
The same thing happens during the third and fourth years. At the end of the third year, we have two thousand coins below us, and we would have earned forty lakhs, and at the end of the fourth year, we would have earned four crores. Well not four crores, as the company would pay us only three point five eight crores. This is a very conservative plan, which can be achieved in four years with a little effort. Most people who work hard reach the figure of two hundred coins in as little as six to eight months.
There is another aspect of the business which I will touch upon here. You can have hard work, and you can have hard and smart work. There is quite a difference between the two. If after a years hard work you have two hundred people below you, what would you have earned? 200 X 2000 = 4,00,000, or four lakhs.
If you want to be really smart, you would buy three coins at a time, called a Triple Header and double your profit.
BOB
100 COINS 100 COINS
LEFT RIGHT
Look at the figure above. Bob has a hundred coins on the left and a hundred coins on the right, and he has earned Rs four lakhs. Suppose Bob had taken a Triple Header of three coins what would the figure look like?
When you take a Triple Header, you refer yourself twice. Let us assume that Bob has bought a Triple Header. So you have Bob 1, on the top, Bob 2, on the left and Bob 3, on the right. Let us see what the figure looks like.
BOB1
BOB 2
BOB 3
LEFT
RIGHT
50 COINS
50 COINS
50 COINS
50 COINS
Here Bob has done the same amount of work and has a total of two hundred people below him, but because Bob have three coins he has distributed the coins in groups of fifty, to maximize his returns.
Now Bob 2 has fifty on the left and fifty on the right, so Bob 2 earns a commission of two lakhs. Similarly Bob 3 on the right also earns a commission of two lakhs. But what about Bob 1? He has hundred on the left and hundred on the right, and earns four lakhs. So, Bob totally earns Rs eight lakhs. Double the return for the same work. But what happens when you reach the limit of 3.58 crores? Does the excess go back to the company?
Not in this case. The limit is 3.58 crores per coin, and since you have three coins, you can earn up to 10.7 crores per year. Anything in excess of this will be returned to the company.
Effectively, with a triple header, your earning per coin goes up to Rs 4000 per coin instead of the previous Rs 2000 per coin.
The next question most people ask is:-
HOW CAN THE COMPANY PAY OUT SUCH LARGE SUMS OF MONEY AT EVERY LEVEL?
If we take an organization built up over time, it may have covered many steps, and may have a large number of members. We can always work out the income and expenditure for any kind of structure. So let us take a structure which is totally balanced, so that the company has to pay out the maximum. If the structure was lob sided, say one of your direct referrals below you did not do anything; you may have 10,000 coins below you on the left, and one direct referral on the right. In this case you would not receive a single naya paise. So let us look at a structure that goes down four levels, and work out the income and outflow.
YOU
A
B
LEFT
RIGHT
C
D
E
F
H
G
I
J
K
L
M
N
V
U
W
X
Y
Z
1
2
3
4
T
S
R
Q
P
O
Look at the structure on top and count the number of coins on the left and right, and determine how many people will receive commissions. We can see straight away that G to N will not receive any commissions as they have only one on the right and one on the left below each one of them. You, and A, B, C, D, E, and F will receive commissions. Also you have purchased a coin, and you have fifteen coins on your left and fifteen coins to your right, so there have been thirty one purchases of coins from the company. So now let us draw a chart and put in the amounts.
Name of Person
Amount
C
11,500
D
11,500
E
11,500
F
11,500
A
23,000
B
23,000
YOU
57,500
TOTAL
1,49.500
RECEIVED BY COMPANY
8,71,100
We can see that the company has received Rs eight lakhs seventy one thousand one hundred totally from sale of coins at Rs twenty eight thousand one hundred each, and has paid out Rs One lakh forty nine thousand five hundred only. You can work out this example to any level, and you will find that the company always stays ahead by several steps. It never pays out more than 60% of its profits in the worst case scenario.
WHAT IS THE PRACTICAL FEASIBILITY OF SUCH A PLAN, AND HOW DOES IT WORK?
This business will never succeed if it is run by a loner, or a person working alone. To run this business successfully you need team work, you need to build you own organization, and you need to impart a great deal of training to your own people. To succeed you need to learn to do three things.
1. Learn how to give a presentation.
2. Learn how to answer questions and objections about the business.
3. Learn how to build your own organization.
When you first heard this presentation of the business plan, you might have decided to join immediately, or on careful reflection a few days later. But once you decided to join, you had to convince two others to join you in this business. So how do you do that? Simply by giving the same presentation that you heard when the plan was presented to you. Do you think that it is that simple? No, it is not. If you try to present this plan to someone and you mess it up, (which you are quite likely to do since you have no practice or experience), you will put that person off forever. So what do you so? You get the leader who presented the plan to you in the first place, and under whom you are, to present the plan to your friends. If he is convincing enough, (and he will be since he convinced you), your friends will be prepared to join below you, and you will have obtained your monetary credits from your two referrals. So what do you do next? Do you say I have got my two persons to join, and my job is over. It is up to the two of them to get their two referrals each. No you cannot do that. Your leader helped you when you needed help to get your two referrals to join, so you have to imbibe that culture and help them to get their two referrals each. How do you do that? By learning how to present the business. In the beginning you can get the help of your leader several times, but you have to learn how to present, and then teach others how to do so, so that the organization can grow, after all you are the head of your organization. You learn by listening to as many presentations as possible. Take notes, and practice giving the presentation in front of a mirror, or even in front of your cat, it won’t object. When you are ready, give the first half of the presentation in the presence of your leader, and let him give the second half. Reverse it the second time. When you are confident, give the full presentation.
What do you do next? You teach your two referrals how to present. Once they have learnt the art, there will be three of you that can present. Next work on the next four referrals. Once they too have learnt, they will be seven of you who can present, and then teach. This work culture has to be passed down. Once you set an example, the others will follow.
Next you have to teach the others how to answer objections and questions. A leader must always know how to answer objections. Learn from your leader.
If you do all this, before you know it you will be the head of a large organization, and you will be receiving your weekly commission cheques, which will grow larger and larger every week. As you can summarise from this presentation, there is a lot of training material to go through before you even try to approach anyone for a presentation. Even approaching anyone to set up an appointment is an art. After you decide to join, you should not say anything to anyone, you should not even try to approach anyone for a presentation, or worse try to give a presentation yourself. Just take advice from your leader and do as he says. He will always go all out to help you, because only if he helps you to make your commissions, will he make any himself.
Sydney Pereira
April 16th 2006.
BY
SYDNEY PEREIRA
We all are here today because we are interested in learning about a new business opportunity that can enable us to earn a considerable income even if we have a regular job. For all of us who here, who live and work in India’s metro cities, I myself live and work in Mumbai, life has become progressively harder every succeeding year. Today no one works for eight hours. It is normally ten to twelve hours, and there is no overtime. We reach our offices in a frazzled condition by our commute in the morning, and we are even more hassled when we reach home at night. Most of us work six days a week, at least I do. How much do we earn? And worse still how much do we save? Can we own a good home in Mumbai? Can we get a good education for our kids? And lastly will our savings ensure us a secure life when we retire?
When we were younger we used to dream, of owning a three bed room home in Bandra, a luxury car and an ordinary one, holidays abroad, kids going to Doon school, medical or engineering higher education, at least two crores invested in securities, a bungalow in Lonavala, and sometimes even when we get older we dream such dreams. If we come back to reality and try to work out what such a dream will cost we will find that we need close to twelve crores. Can a normal person earn such an amount in his lifetime? That seems a dream and not reality. How does one earn money anyway? There are only three ways to earn money.
1. A Salary.
2. Business.
3. Investments.
Assume we have a very good executive position with a salary of two lakhs a month, how much can we save? Seventy thousand will go in taxes, and remember that we will be living at a level equal to our financial position, so we need club membership, we will be paying EMI’s on our home and car, khanna peena and other kharcha, entertaining and socializing, and what do we save? Twenty thousand a month? Not a bad figure actually as most people do not even earn that much in a month. So we save two lakhs forty thousand a year, twenty four lakhs in ten years, or one crore in forty years of working. When you retire what will you have? A home fully paid for, two cars in rotten condition, your building will now need massive repairs, and as long as you haven’t spent for any major acquisitions, you will have one crore in the bank.
Do you know what it costs to become a doctor today? I was asking our family GP and he told me forty lakhs. If both your kids want to become doctors you will be wiped out. My calculations here are very basic, the point I am trying to put across is you can never realise your dreams even with a salary of two lakhs a month. So is there any other solution? The answer is yes there is.
THE COMPANY.
In 1998 a group of economists from the European Union, several ex members of the UN, the World Bank, and the IMF got together to form a company called Goldquest International LTD based in Hong Kong. This company’s aim was RHYTHM, or Raise Yourself To Help Mankind. It wanted to help as many people as possible to raise their standard of living, and it also did a great deal of charitable work. In the fourth year of its existence it did a turnover of US $ 260 million. This is the highest of any company in its fourth year of business, overtaking the turnovers of Microsoft and IBM in their fourth year of business. The turnover this financial year 2006 to 2007 is set to cross a billion dollars.
Goldquest came to India in 2004 setting up headquarters in Chennai. The wholly owned Indian subsidiary is called Goldquest International Pvt Ltd. The mother company is QI LTD a multinational conglomerate with diverse business interests around the globe. Questnet distributes products from several of its sister concerns, it distributes fine gold products from Goldquest, vacation memberships from Quest Vacation International, telecom products from Quest Technologies and financial solutions from Quest Financials.
Questnet is in the process of tying up with the aviation wing of QI which is being set up in Bangalore and which will become operational in 2007.
adviserQuestnet is also certified under ISO 9001 : 2000, the quality management system valid till May 2008, and the financial advisor to the company is Mrs Nalini Chidambaram, wife of our Finance Minister. So much for the company and its background, but how does this help us.
Questnet had done research to find out what would constitute a very comfortable living standard that was international in its scope. Most countries have done the reverse; they have defined what constitutes a poverty level. In India this level is equal to an income of Rupees eighteen thousand a year or less. Questnet’s level was defined as a level that gave you “Financial Freedom”. An income level that would enable you to live in extreme comfort anywhere in the world. And remember that this level was quantified mainly by Europeans. They defined this level at US $ 3000 dollars, not per year or month or even per week, but per day. Questnet takes the figure of Rupees 46 to the dollar for ease in its calculations. At this rate a satisfactory income according to Questnet would be Rupees 1,38,000/- per day. Working for five days a week and 52 weeks per year, this income would total Rupees 3.58 crores per year. If you earn this figure, then Questnet would deem that you are Financial Free.
When this company was formed, its directors had to decide whether to offer a product or a service. They decided to offer a product, but with four stringent criteria. It had to be
1. Universally Accepted. Recognizable all over the World.
2. It had to have instant liquidity.
3. Did not have to suffer from shelf life.
4. It had to have a price that kept steadily appreciating over the years.
Now these criteria can obviously be met by any precious metal, Gold Silver Platinum and so on, what about price? That was the real issue. I am going to write a word below and I will ask you whether you can recognize it.
NUMISMATICS
Numismatics is the science of collecting coins, medallions, currency and other rare objects. But, intrinsic to this numismatic concept is the rarity factor. Following the simple laws of demand and supply, if something is in demand and the supply is limited obviously, the price goes up. I will give you the example of an American Double Eagle coin, Double Eagle is 20 dollars, minted in 1933. This was not a specially minted coin but was released in a limited quantity. One such coin in mint condition was auctioned at Sotheby’s two years ago for, seven point six million dollars. Last year Questnet had sold to its IR’s (Independent Representatives) a Mother Theresa Gold coin which was snapped up. This year it was auctioned by Ebay for US $ 6000. This is six times more than was paid for it last year. If you go to Google or Yahoo and type in Numismatics, you will be hit by over 3 million sites. Even the Government of India is in the business of numismatic coins. Last year they released a three coin set of Veer Durgadas. Three coins of denominations of a hundred, a ten and a one rupee coin. These are non circulated tender. These coins were available under stringent conditions. You had to deposit a demand draft with the Reserve bank of India during a stipulated period, and they made as many sets as there were drafts. Delivery was after eighteen months, with the government having the right to extend this period. The price of the coins? Rupees 1175, a premium of at least 1000%. And how were they able to charge such a premium? Because the Government is aware of the huge interest in numismatic coins, and the large number of collectors.
Questnet decided that they will get these coins made in 24 carat gold, or 999.9 fineness as it is know in the industry. These coins would be minted at the H Meyers mint in Germany, one of the twenty three private mints in the world, and one of the top two or three in the world. The coins would be minted to what they call Mint Proof Standard of Excellence. They are so good that if you saw a coin, you would see your face in it, and if you take off the protective cover and put your fingerprint on it, you cannot blow on it and wipe it off. That stain for that little defect will not be removed, and you will have to send it back to West Germany. These coins are limited mintage coins, ranging from 2999 to 10,000, depending on the series. Now the series covers famous persons like Lady Diana, Nelson Mandela, Mahatma Gandhi, Jawaharlal Nehru, famous sportsmen, Don Bradman, Rudy Hartono the badminton ace, sporting events Fifa World Cup, Athens Olympics, revered persons like Mother Theresa, Pope John Paul the Second, Shirdi Sai Baba and places of worship, the Holy Kabba, the Siddivinayak temple. The Siddivinayak temple coin, as a matter of fact was launched by the Chief Minister Vilasrao Dehmukh in July 2005, and it was made to a limited mintage of 4999 coins. Within four months this coin was snapped up by those of us in the business, and it is not surprising because every Tuesday, if you are aware of what’s going on in Dadar, thousands and thousands of pilgrims come from all over Mumbai, to receive Prasad, Prasad at the Siddivinayak Temple. The holy Kabba, 2999 coins. When this series is over, with a billion Muslims worldwide, the mind boggles at the numismatic value that the coin will get in future. Remember that the coins once made have their moulds destroyed so that you cannot get another coin of the same type same weight etc. These coins are issued or minted under exclusive licenses from various official issuing Authorities, various Governments and so on.
Now let’s say that you like what you hear, well let me also tell you that the Siddivinayak coin that was sold last year is reported to have risen by 45%, the Mother Theresa coin was auctioned for US $ 6000, and what the other coins will fetch is unknown. We would only be speculation if we set any price. What we do know is that the coins will fetch a much higher price than what we paid for them, if we offer them for sale later. So assuming that all I have told you has made you decide to buy a coin, you will come to me and say, “Sydney, I would like to buy a coin, can you tell me where is it available?” And I will have to tell you that there is no dealer or distributor or retailer. You can only get it by being referred into the purchase by a satisfied customer of Questnet. It is similar to opening a bank account. Without an introduction you will not be able to open a bank account. So the referral is like the introduction. You can introduce any number of people to open a bank account, but you get only two referrals per coin. Once you get a referral, you can open your account with Questnet. You get a virtual office on the website of Questnet, you get the equivalent of an account number with a password facility, you get a nomination facility, and you have to furnish several pieces of personal information for security purposes. All transactions can be done by e-commerce using a credit card, or by issuing a pay order to the company. They will then issue you with the equivalent in e-cards which you can use to make to make payments on the net.
Anyone who purchases a coin gets only two referrals for his lifetime. So you get your own referral first, register yourself and purchase the coin of your choice. The coin normally takes eight weeks to be delivered, as it goes from Germany to Hong Kong, from there to Chennai, and from there to Mumbai. All deliveries in India are done by Blue Dart couriers.
Now when you buy the Goldquest coin you get three values to the coin.
The value of the precious metal, i.e. the cost of the raw gold.
The numismatic value of the gold.
A business opportunity. This opportunity puts the first two values in the shade.
This business opportunity is based on the Binary plan, and is very very powerful in execution.
Just to explain how powerful it is I will give you an example where I offer you a choice between two proposals.
For a period of a month (30 days) I can offer you one lakh on the first day, one lakh on the second day, and so on and so forth till the last day. OR:-
For the same period of one month, I can offer you one rupee on the first day, double it to two rupees on the second day, double it to four rupees on the third day and so on and so forth till the thirtieth day, which offer will you accept?
Most people accept the first offer, why? Because they see straight away that in thirty days you will receive thirty lakhs, in the second case you are starting with one rupee on the first day, two on the second day, four on the third day. How much can it reach? You will be shocked. Look at the table below. I have calculated the figures as they double every day till the last day.
SUNDAY
MONDAY
TUESDAY
WEDNESDAY
THURSDAY
FRIDAY
SATURDAY
1
2
4
8
16
32
64
128
256
512
1024
2048
4096
8192
16348
32768
65536
131072
262144
524288
1048576
2097152
4194304
8388608
16777216
33554432
67108864
134217728
268435456
53,68,70,912
You will see from here that the amount received on the thirtieth day itself is Fifty Three Crores, sixty eight lakhs, seventy thousand nine hundred and twelve rupees. And the total amount received in the thirty days? It is the astonishing Rupees One Hundred and Three Crores, thirty seven lakhs, forty one thousand, eight hundred and twenty three only. And you opted for thirty lakhs?
This is the power of a geometric progression or duplication as it is called by Goldquest. And this is the way sales of Gold coins are conducted and the way vast profits are distributed as commissions. So let us go on to the plan.
THE PLAN. ( please refer a ms word file prepared with diagrams)
The plan as devised by Goldquest is a Binary plan.
It has a Left side and a Right side, and the levels or steps go down in powers of 2. So we will have “YOU” on top as 2ยบ, then on the next line 2¹, followed by 2² on the next line, and 2³ on the next line and so on. This corresponds to one on the top, followed by two on the line below, followed by four on the line below, followed by eight on the line below, and so on and so forth.
Let us draw a chart to show the plan clearly.
YOU
LEFT RIGHT
You are right on the top of this chart. You have just purchased a coin, and you have two direct referrals which you can use. The referrals can enable friends or family members or anyone for that matter to purchase a coin each. There is a left and a right side to the plan and the centre dividing arrow separates the left from the right.
No human being lives like a hermit. Everyone has what I would call a sphere of influence, or a circle of influence. This would include those people who are closest to you, and who trust you and believe you completely. They could be friends, colleagues or family. Normally a circle of influence on an average would comprise of at least two to five individuals. You have to really believe in this business yourself before you can persuade someone close to you to join you. Now when you explain the business plan to people in your circle of influence, you will surely get two people to join you. They can purchase a coin each through your two referrals, and you can place them one on the right and one on the left. The figure will now have changed with you above and two below you.
YOU
A B
LEFT RIGHT
Here we see “You” on top with A on your left and B on your right. Now all three of you have purchased a coin, and does it benefit you? “YES”. When A and B purchase a coin each, you are credited with a sum of Rupees 1917/- from A and B each. Let us round it up to Rupees 2000/- so that our figures are easier to calculate. At the end of this step, you have a credit of Rs 4000/- from A and B.
What happens next?
A and B both have two referrals each which they can use, so they reach out into their circle of influence and get two people each to purchase a coin. We have now reached the next step, and the figure will have changed again. Let us see what it looks like.
YOU
A B
LEFT RIGHT
D C E F
In the new figure A has C on his left and D on his right, below him, and B has E and F similarly below him. As explained earlier,
A will now be credited with Rs 2000 from C and D,
and B will be credited with Rs 2000 from E and F.
What about YOU? Will you get anything?
The answer is YES, You too will be credited with Rs 2000 from C, D, E, and F. So at this point you will be credited with a total of Rs 12,000. When will all this credit be converted into cash?
YOU
A
B
LEFT
RIGHT
D
C
H
F When you have three coins on your left, matched by three coins on your right, your credit is converted into a cheque. Questnet will now send you a cheque of Rs 11,500, less TDS of 5.6%.
This would not have been possible in a MLM (Multi Level Scheme). In an MLM scheme, if C purchased a coin, A would get Rs 2000 and You would get say Rs 1000. If someone below C bought a coin, C would get Rs 2000, A would get Rs 1000, and You would get Rs 500. The amount of commission you get depends on the level on which you are. In this business, everyone gets the same commission, independent of which level you are on. Another thing to remember is that you do not need to have every body placed in such a symmetrical position. It could be any three coins on the left balanced by any three coins on the right.
Here we have an unsymmetrical figure. The left is balanced but the right is not, B has no one on the left, F has no one on the left, and H has nobody below. But You have three on the left and three on the right so you will collect your commission of Rs 11,500.
In the next step, C, D, E, and F, will use their two referrals each, to get eight more people into the business. The figure, if drawn, will become unwieldy, so we will use a table, and a time frame of one week for every step. This time frame would very well be even one day or even two months in practice, but one week is convenient for our calculations. Let us start the table in the first week where you get your two referrals.
Week
Number of People
Earnings
1st
YOU+ 2
None
2nd
YOU + 2 + 4
11,500
3rd
YOU + 2 + 4 + 8
11.500
4th
YOU + 2 + 4 + 8 + 16
34,500
5th
YOU + 2 + 4 + 8 + 16 _ 32
57,500
6th
YOU + 2 + 4 + 8 + 16 + 32 + 64
1,26,500
Total Received
2,41,500
· In the first week with two coins below you, you earn nothing.
· In the second week you have six coins below you, with three on the left and three on the right, and you receive Rs 11,500.
· In the third week you have eight more people joining under you, four on each side. You will receive your commission of Rs 11,500 for three plus three, leaving a balance of one plus one coin, to be used in the calculated commission of the next step.
· In the fourth week we have sixteen more people who have joined, eight on the left and eight on the right. With the balance of one plus one left over from the previous step, we will have nine plus nine coins on the left and right respectively. This gives us three sets of three on each side, and a commission of Rs 11,500 multiplied by three, which is Rs 34,500.
· In the fifth week we have thirty two new people joining, sixteen on each side. We now have five sets of three on each side with a balance of one plus one, giving us a commission of Rs 57,500.
· And in the sixth and the last week of this calculation, we have sixty four more people joining, thirty two on each side, with the previous balance making up eleven sets of three on each side and giving us a commission of Rs 1,26,500.
· In all, the figures for the six weeks total up to a grand sum of Rs 2,41,500.
As you can see from the calculations above, you have received Rs 1,26,500 in the sixth week. Divide this by a five day working week and you have earned Rs 25,000 per day. This will gradually increase to 50,000, 75,000, 1,00,000, to 1,25,000, and 1,50,000 a day. But you will not receive anything above 1,38,000 a day. At this point, the company Questnet will say you are financially free, and anything earned above this will revert to the company.
This is the basic plan that has been shown to you here. The next question is what will it cost me to enter this business?
If we had to earn Rs 3.58 crores a year, what would it cost in terms of either doing traditional business, or from investments?
If we assume that the return from business is 20% per annum, we would need an investment of approximately eighteen crores, to get a return of three point six crores a year. If we had to earn this sum from mutual funds, which give an average return of 10%, our investment required would be Rs Thirty six crores. No ordinary person can afford these sums. So what is the cost of the coin that can earn you a return of Rs three point six crores? If I told you six lakhs, would you consider it a good investment? Yes, the returns are very good, but I cannot afford six lakhs. If I said now said that I would be willing to give you the coin for Rs 60,000, would you consider it a good investment? Again “Yes”, an excellent return for a sum of Rs 60,000. OK. Take the coin for its selling price which is Rs 28,100. Now what do you think of this business opportunity?
Let me show you another table where we want to invest Rs 30,000. We can invest in the coin, or say in mutual funds giving us a return of 10% per annum. And also assume that the coin costs Rs 30,000, a round figure, and for each coin below us we earn a round figure of Rs 2000.
Year
Amount invested
Return from MF
percentage
Number of coins below you
Return from Goldquest
Percentage of return
1st
30,000
3,000
10%
20
40,000
133%
2nd
30,000
3,000
10%
200
4,00,000
1333%
3rd
30,000
3,000
10%
2000
40,00,000
13,333%
4th
30,000
3,000
10%
20,000
4,00,00,000
127000%
Total
12,000
4.44.40,000
From the table we can see that our earnings from mutual funds remains constant at 10% per annum or Rs three thousand per year, but what happens when we invest it in a coin?
We have to use our referrals to enable two of our friends to purchase gold coins, and them help the new people to do the same. We had in a previous example taken two months for one step. If we calculate at that rate, in a year we ought to have 126 people below us. Perhaps this is too optimistic a figure. Assume that in a whole year, we succeed in convincing only twenty people to join the business; we will still have earned Rs 40,000. Also assume that in the succeeding years each of these people works half as hard as we did in the first year. Each one brings in only ten persons. So at the end of the second year, we have two hundred coins below us, and we have earned four lakhs.
The same thing happens during the third and fourth years. At the end of the third year, we have two thousand coins below us, and we would have earned forty lakhs, and at the end of the fourth year, we would have earned four crores. Well not four crores, as the company would pay us only three point five eight crores. This is a very conservative plan, which can be achieved in four years with a little effort. Most people who work hard reach the figure of two hundred coins in as little as six to eight months.
There is another aspect of the business which I will touch upon here. You can have hard work, and you can have hard and smart work. There is quite a difference between the two. If after a years hard work you have two hundred people below you, what would you have earned? 200 X 2000 = 4,00,000, or four lakhs.
If you want to be really smart, you would buy three coins at a time, called a Triple Header and double your profit.
BOB
100 COINS 100 COINS
LEFT RIGHT
Look at the figure above. Bob has a hundred coins on the left and a hundred coins on the right, and he has earned Rs four lakhs. Suppose Bob had taken a Triple Header of three coins what would the figure look like?
When you take a Triple Header, you refer yourself twice. Let us assume that Bob has bought a Triple Header. So you have Bob 1, on the top, Bob 2, on the left and Bob 3, on the right. Let us see what the figure looks like.
BOB1
BOB 2
BOB 3
LEFT
RIGHT
50 COINS
50 COINS
50 COINS
50 COINS
Here Bob has done the same amount of work and has a total of two hundred people below him, but because Bob have three coins he has distributed the coins in groups of fifty, to maximize his returns.
Now Bob 2 has fifty on the left and fifty on the right, so Bob 2 earns a commission of two lakhs. Similarly Bob 3 on the right also earns a commission of two lakhs. But what about Bob 1? He has hundred on the left and hundred on the right, and earns four lakhs. So, Bob totally earns Rs eight lakhs. Double the return for the same work. But what happens when you reach the limit of 3.58 crores? Does the excess go back to the company?
Not in this case. The limit is 3.58 crores per coin, and since you have three coins, you can earn up to 10.7 crores per year. Anything in excess of this will be returned to the company.
Effectively, with a triple header, your earning per coin goes up to Rs 4000 per coin instead of the previous Rs 2000 per coin.
The next question most people ask is:-
HOW CAN THE COMPANY PAY OUT SUCH LARGE SUMS OF MONEY AT EVERY LEVEL?
If we take an organization built up over time, it may have covered many steps, and may have a large number of members. We can always work out the income and expenditure for any kind of structure. So let us take a structure which is totally balanced, so that the company has to pay out the maximum. If the structure was lob sided, say one of your direct referrals below you did not do anything; you may have 10,000 coins below you on the left, and one direct referral on the right. In this case you would not receive a single naya paise. So let us look at a structure that goes down four levels, and work out the income and outflow.
YOU
A
B
LEFT
RIGHT
C
D
E
F
H
G
I
J
K
L
M
N
V
U
W
X
Y
Z
1
2
3
4
T
S
R
Q
P
O
Look at the structure on top and count the number of coins on the left and right, and determine how many people will receive commissions. We can see straight away that G to N will not receive any commissions as they have only one on the right and one on the left below each one of them. You, and A, B, C, D, E, and F will receive commissions. Also you have purchased a coin, and you have fifteen coins on your left and fifteen coins to your right, so there have been thirty one purchases of coins from the company. So now let us draw a chart and put in the amounts.
Name of Person
Amount
C
11,500
D
11,500
E
11,500
F
11,500
A
23,000
B
23,000
YOU
57,500
TOTAL
1,49.500
RECEIVED BY COMPANY
8,71,100
We can see that the company has received Rs eight lakhs seventy one thousand one hundred totally from sale of coins at Rs twenty eight thousand one hundred each, and has paid out Rs One lakh forty nine thousand five hundred only. You can work out this example to any level, and you will find that the company always stays ahead by several steps. It never pays out more than 60% of its profits in the worst case scenario.
WHAT IS THE PRACTICAL FEASIBILITY OF SUCH A PLAN, AND HOW DOES IT WORK?
This business will never succeed if it is run by a loner, or a person working alone. To run this business successfully you need team work, you need to build you own organization, and you need to impart a great deal of training to your own people. To succeed you need to learn to do three things.
1. Learn how to give a presentation.
2. Learn how to answer questions and objections about the business.
3. Learn how to build your own organization.
When you first heard this presentation of the business plan, you might have decided to join immediately, or on careful reflection a few days later. But once you decided to join, you had to convince two others to join you in this business. So how do you do that? Simply by giving the same presentation that you heard when the plan was presented to you. Do you think that it is that simple? No, it is not. If you try to present this plan to someone and you mess it up, (which you are quite likely to do since you have no practice or experience), you will put that person off forever. So what do you so? You get the leader who presented the plan to you in the first place, and under whom you are, to present the plan to your friends. If he is convincing enough, (and he will be since he convinced you), your friends will be prepared to join below you, and you will have obtained your monetary credits from your two referrals. So what do you do next? Do you say I have got my two persons to join, and my job is over. It is up to the two of them to get their two referrals each. No you cannot do that. Your leader helped you when you needed help to get your two referrals to join, so you have to imbibe that culture and help them to get their two referrals each. How do you do that? By learning how to present the business. In the beginning you can get the help of your leader several times, but you have to learn how to present, and then teach others how to do so, so that the organization can grow, after all you are the head of your organization. You learn by listening to as many presentations as possible. Take notes, and practice giving the presentation in front of a mirror, or even in front of your cat, it won’t object. When you are ready, give the first half of the presentation in the presence of your leader, and let him give the second half. Reverse it the second time. When you are confident, give the full presentation.
What do you do next? You teach your two referrals how to present. Once they have learnt the art, there will be three of you that can present. Next work on the next four referrals. Once they too have learnt, they will be seven of you who can present, and then teach. This work culture has to be passed down. Once you set an example, the others will follow.
Next you have to teach the others how to answer objections and questions. A leader must always know how to answer objections. Learn from your leader.
If you do all this, before you know it you will be the head of a large organization, and you will be receiving your weekly commission cheques, which will grow larger and larger every week. As you can summarise from this presentation, there is a lot of training material to go through before you even try to approach anyone for a presentation. Even approaching anyone to set up an appointment is an art. After you decide to join, you should not say anything to anyone, you should not even try to approach anyone for a presentation, or worse try to give a presentation yourself. Just take advice from your leader and do as he says. He will always go all out to help you, because only if he helps you to make your commissions, will he make any himself.
Sydney Pereira
April 16th 2006.
DO YOU WANT TO MAKE Rupees 3.85CR FROM 30K
Gentlemen,
WANT TO MAKE RUPEES 3.85 CRORES?
AND BECOME FREE FROM FINANCIAL HEADACHES?
Here is the strategy for people ready to work hard,to become financially free, to make 3.85 crore rupees from a mere 30000 rupees, in a matter of 5 years.
What YOU need to do?
Step-1
you got two choices here
Part-1
You just need to buy A SPECIALLY MINTED GOLD COIN( valued each at 30000 rupees.)
It means you INVEST=30000 rupees of your own. This is your starting point.
Part-2
If you like to make it faster, you may BUY THREE GOLD COINS.
It means you -Invest 90000 rupees.
This is a better starting point,than part-1.
Step-2
PART-1
yOU NEED TO FIND TWO PEOPLE TO BUY ONE COIN EACH FROM YOU,THROUGH YOUR REFERENCE.
Part-2
If you have bought 3 coins,this part is for you.
Just imagine there is a pyramid.
one coin at top
two coins below it. Each is a member. you need to get 2 plus 2 four members to join.
------------------------------------------------------
A first coin
B C
second coin third coin
Now A got two GUYS under him.
B has to get two GUYS under him, and C has to get two GUYS under him.
That is all. the chain has to continue.
That is the scheme.
What is the hard work part?
Just find TWO people each to join the scheme.
and they in turn do the same.
if they cannt move ahead, you need to help them achieve the goal.
-------------------------------
what is the motive of the scheme?
To make people rich
Motto of The company= RYTHM
RYTHM=RAISE YOURSELF TO HELP MANKIND
Name of the company that started the scheme=QUESTNET
Who are the people behind the scheme?
Retired Professionals from UNITED NATIONS,WORLDBANK,EUROPEAN UNION etc.
Website= http://www.quest.net/
Now other things.
1.why buy gold coin?
It is just a vehicle of investment.
The gold is worth a mere 5000 rupees.
The money gets multiplied exponentially through commissions.
As each time a person joins you earn a commission from the money he invested.
2.How much do you get as commission? 12000 after 6 coins bought in a balanced two arm design,one to left 3 coins and one to right 3 coins.
Each time a Coin is bought by a joining member, a (commission) credit of Rs 2000 is sent to your account,to his reference member,who made him join. The credit remains as paper money,
but it becomes cash by cheque of 12000 once the member gets a balanced member group in two streams one below his leftside and below his rightside.(three on left and three on right.)
3. what happens if you build only one leftside stream and no rightside stream?
you dont get any commission at all.
SEE THE COINS AT
http://www.quest.net/DesktopDefault.aspx?Myurl=p_default&tabindex=31&tabid=12&subtabid=30&CatID=&NewsType=
How do you get 3.85 crore?
You earn it as the chain multiplies and reach a target.
WANT TO MAKE RUPEES 3.85 CRORES?
AND BECOME FREE FROM FINANCIAL HEADACHES?
Here is the strategy for people ready to work hard,to become financially free, to make 3.85 crore rupees from a mere 30000 rupees, in a matter of 5 years.
What YOU need to do?
Step-1
you got two choices here
Part-1
You just need to buy A SPECIALLY MINTED GOLD COIN( valued each at 30000 rupees.)
It means you INVEST=30000 rupees of your own. This is your starting point.
Part-2
If you like to make it faster, you may BUY THREE GOLD COINS.
It means you -Invest 90000 rupees.
This is a better starting point,than part-1.
Step-2
PART-1
yOU NEED TO FIND TWO PEOPLE TO BUY ONE COIN EACH FROM YOU,THROUGH YOUR REFERENCE.
Part-2
If you have bought 3 coins,this part is for you.
Just imagine there is a pyramid.
one coin at top
two coins below it. Each is a member. you need to get 2 plus 2 four members to join.
------------------------------------------------------
A first coin
B C
second coin third coin
Now A got two GUYS under him.
B has to get two GUYS under him, and C has to get two GUYS under him.
That is all. the chain has to continue.
That is the scheme.
What is the hard work part?
Just find TWO people each to join the scheme.
and they in turn do the same.
if they cannt move ahead, you need to help them achieve the goal.
-------------------------------
what is the motive of the scheme?
To make people rich
Motto of The company= RYTHM
RYTHM=RAISE YOURSELF TO HELP MANKIND
Name of the company that started the scheme=QUESTNET
Who are the people behind the scheme?
Retired Professionals from UNITED NATIONS,WORLDBANK,EUROPEAN UNION etc.
Website= http://www.quest.net/
Now other things.
1.why buy gold coin?
It is just a vehicle of investment.
The gold is worth a mere 5000 rupees.
The money gets multiplied exponentially through commissions.
As each time a person joins you earn a commission from the money he invested.
2.How much do you get as commission? 12000 after 6 coins bought in a balanced two arm design,one to left 3 coins and one to right 3 coins.
Each time a Coin is bought by a joining member, a (commission) credit of Rs 2000 is sent to your account,to his reference member,who made him join. The credit remains as paper money,
but it becomes cash by cheque of 12000 once the member gets a balanced member group in two streams one below his leftside and below his rightside.(three on left and three on right.)
3. what happens if you build only one leftside stream and no rightside stream?
you dont get any commission at all.
SEE THE COINS AT
http://www.quest.net/DesktopDefault.aspx?Myurl=p_default&tabindex=31&tabid=12&subtabid=30&CatID=&NewsType=
How do you get 3.85 crore?
You earn it as the chain multiplies and reach a target.
What is the target of the company?
To make an income of 3000 dollars a day for each member.
What happens prior to any price change?
RameshBabu velidi
What happens prior to any price change?
Gents,
What happens prior to any price change?
It is important to know this so that
you can look at a chart,
interpret the action of the masses and
stay AHEAD of them.
Before there is ANY price charge the following sequence of events take place:
1. Changes in VolumE
This will the first sign that something is about to change.
You will need to be aware of the amount and speed of the volume and its relationship to price movement.
2. Changes in the Relationship of Highs and Lows with Respect to Volume
After changes in volume, this will happen next.
Examining this relationship will reveal if the price move that is developing is strong or not.
If the moveis strong enough, it will cause the momentum to follow suit.
3. Momentum
This is the last event to occur.
It is the snowball effect of the volume supported by price movement, which if you capture BEFORE it occurs, will giveyou the HIGH RETURNS.
What happens prior to any price change?
Gents,
What happens prior to any price change?
It is important to know this so that
you can look at a chart,
interpret the action of the masses and
stay AHEAD of them.
Before there is ANY price charge the following sequence of events take place:
1. Changes in VolumE
This will the first sign that something is about to change.
You will need to be aware of the amount and speed of the volume and its relationship to price movement.
2. Changes in the Relationship of Highs and Lows with Respect to Volume
After changes in volume, this will happen next.
Examining this relationship will reveal if the price move that is developing is strong or not.
If the moveis strong enough, it will cause the momentum to follow suit.
3. Momentum
This is the last event to occur.
It is the snowball effect of the volume supported by price movement, which if you capture BEFORE it occurs, will giveyou the HIGH RETURNS.
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