Two sets of books

It has been suggested that perhaps YMMSS / STA is keeping two sets of books. One list the members who really are getting paid, and paid well, while the other lists the ones who are getting fleeced getting paid pennies.

I think it may appear that way to some, but I believe the truth is as I have said many times before:

The members who joined early made a lot of money, cycled many times and doubled their positions again and again. So even now when the payment is 10 to 25 cents on a 320 these people are sitting there with 100s of positions so they are still earning 25 dollars a week or more. Since they have already made a bundle and covered their original investment many times over, this is just gravy at this point.

Those that joined late probably only have a handful of fully mature positions unless they bought a lot of 320s. So they are the exact opposite, they are out a LOT of money and even if they have a 100 positions it is going to take a long time to cover 32000 dollars at 25 bucks a week or if 320 dollars at 25 cents a week of they bought "small".

Then there is the guy who bought lots of small positions on Kim's recommendation and isn't even making pennies right now. He was counting on time to make him wealthy, but instead he is still waiting.

That all said, I would not doubt that some insiders are making more than the general members and not just Kim.

posted by steve_o @ 3/06/2006 12:13:00 PM