Without a shred of evidence Pharaoh & Toldyaso have been quick to call this a "ponzi scheme". Where is your evidence?
Also you both seem to think a 7.5% return is an impossible task. There are traders out there who can double that.
I think you both may end up with egg on your face.
Another "true believer" in free money. Usually people make comments like this in Ponzi scheme threads before the regulators step in.
Although it is impossible to prove a Ponzi scheme until the regulators step in or it collapses, the warning signs are painfully obvious to anyone who bothers to look.
For example, 7+% per month, each and every month without regards to market conditions is a certain sign of one of 2 things:
1. Person/company making the offer is deluded by some short term successes.
2. Person/company making the offer is lying and intends to separate you from your money.
In case 2, if payments are made regularly and on time, it's a Ponzi. If you want to learn more about how easy these scams are to spot, I've written an article on the subject here:
Ponzi Schemes and HYIPs - Free Money Traps
Don't believe me? Call up any regulator and ask if they can recommend a company that offers 7% per month without fail. Then call a licensed accountant. Finally call the fraud department at your local police department. If you want the laughter you get to be twice as loud, tell them that "newbie24" says it's possible to make twice that.
Let's do a little math. I'll sign up for one of Newbie24's 14% per month accounts on January 1st. If I invest $100, and re-invest the interest, at the end of 12 months, I've got $500 - guaranteed without regard to market conditions.
After 4 years, I'd have $312,500. At the end of 8 years, I'd have $39,062,500
This raises 2 questions:
1. Has anyone heard of someone collecting this kind of return each and every month without fail for 8 years? Anyone seen someone invest $100 in a plan for a new baby and have the kid turn into a multi-millionaire by age 8?
2. If you accept the premise that this kind of return is possible, I assume you would also accept the premise that the President of the United States would be able to apply the power of the US government to determine in advance several such programs which are legitimate. Why didn't Bill Clinton, George Bush (second one - first was only in for 4 years) or Barrack Obama insert 1 million dollars into such an investment upon taking office? My $100 investment would have yielded over $39 million. A 1 million dollar investment would have added 4 more zeros to that. $390,000,000,000 - That's 390 billion - quite a nice surprise to drop into the treasury when leaving office. Heck, if a President was sure of this, why not invest 1 Billion. That would mean the surprise at the end of 8 years in office would be over 390 trillion dollars. The deficit would be ended. Taxes would be ended. The US would own the world.
Wake up. There are good investments for those who are willing to dig for them. There is no such thing as unlimited free money. The greater the return, the larger the risk. Anyone telling you otherwise is either terribly uninformed or doesn't care what happens to you as long as you put your money in first.