JoyFund returns 40% loss for February

by Tony Clifton [Your Program In Focus]

When I introduceed Joy Fund on HYWD an year ago, I was a bit sceptic if they are for real, regardless the fact that they were audited by 2 people. Now I regret for not looking more into their trading style rather than for ponzi sings.

Now, an year later it is clear that JoyFund really trades. But is that enough for us to invest? What could 40% loss for one single month mean? One simple world: gambling. I'm sorry but no excuses can make me believe that a professional trader can lose 40%(!!!!!) in one single month.

I am pissed off from kids in the high yield investment world. There are kids playing with our money - Joy Fund, Megainvforum, FXE, Rabbit's program and many more. There are also kids making pools for the others to play with our money, approving them and pretending for authority - like FF.

Yes, I know there is an explanation about how the loss happen and I believe it is genuine. But this does not change the fact that yet another HYIP admin just studies with our money to avoid risking their own. Making such a program is only slightly better than running a ponzi.

Shame on us for having this program in "Approved HYIPs" section (well, at least I removed it a month ago when I saw the results are too volatile). I am really very, very disappointed and will withdraw what's left from my money.

What about you? Are you staying or are you getting out?




Published at Mar, 12 '07 , Read 2740 times.

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User comments:

Jude at Mar, 13 '07 18:14
We're still staying in. Just have to be very very careful and very proactive in our own diligence now. I crossed Joyfund when I had the chance to talk to him when it was just launched via IM.
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clifton at Mar, 14 '07 02:57
Actually it may make sense to stay in at last for another month. With such jumping returns we may have a chance for some double digits positive results the next month. I think now I will wait 1-2 months more and then decide
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Ulman at Mar, 16 '07 19:39
I considered JF to be a gamble right from the beginning. Not because I expect the program to scam, but because anybody trying to make 30% monthly in commodities will have to trade very aggressively. Now that almost half the funds are gone I'm still staying. It might go either way now. If I bought two ticket for the lottery and didn't win on the first one, I wouldn't sell the second just to minimize my loss! :-)
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clifton at Mar, 17 '07 04:37
Thanks for the comment, Ulman. Yeah, it probably makes sense, I just wonder if we won't end up losing all. But as you say, it's a gamble, so once put money there, better to wait for the jackpot ;)
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