In Focus: Joy Fund

by Tony Clifton   [Your Program Focused]

Well, this is an interesting opportunity and at least looks realistic at first view. It is also quite different by the most major programs we have reviewed recently. No forex, stocks, betting or hyip pool - Joy Fund claims to invest in commodities. For these who don't know what commodities are, here is a good explanation provided by the fund owner:

Basically we are talking about investing in gold, sugar, corn, wheat, live cattle, oil, etc. The list is long, but a VERY bullish market. They are also the only markets still traded on the 'pit' (outcry market) as it was done decades ago on the shares and futures market. They are thus more difficult to trade.
More specifically Joy Fund is dedicated to taking positions on options on Future Contracts in Commodities Market (if you would like more info, please visit my website http://joyfund.info).

The fund administrator presents himself as Arnaud from Spain. The programs started just 1-2 months ago, but Ardaud said he trades for years and the average performance so far has been arround 24% monthly gross profit (about 40% admin fee will be reduced). Hot, but is it real?

The fund so far has been audited from Boulat Network which is relatively respected, but don't count too much on that. The who-is information is protected by Domains by Proxy - anonymous service, which means the owner wanst to keep it private and is willing to spend some money on that. Maybe good, maybe bad.

One definitely positive sign is that a guy known as Rabbit - and old timer and moderator of hyipdiscussion.com forum - was allowed to take a look at the live commodities trading account and ensured that it is real, althought the past performace has been only 6 months. To Rabbit's audit was added another one, from a guy known as Bluemax - a moderator on forum-navigator.com. He confirmed there was real trading.

The minimum investment in Joy Fund is $1,000. Seems that he looks for serious investors which of course is good - although it won't allow you playing a "test spend". What is more interesting though is that there is a forex fund whose minimum is just $100. The forex trading however has not been audited by anyone so far. It's roi is highly variable, but averages 8% monthly

Joy Fund has quite a lot of symthoms of a real opportunity, especially because the 2 auditors mentioned above are reliable enough to consider they are telling the truth. The only thing which worries me is that the Forex trading has not been audited and it has a lower minimum. It is possible that the commodities trading is run with the idea to attract members for the forex fund which can be real, but can be a ponzi.

On the other hand, the fund has been fastly accepted as real in the communities which means it is probably going to stay quite some time. $1,000 seems to be reasonable risk to put in it. I myself would avoid the forex fund, not only because of lack of proof, but because the ROI is lower. With expected ratio of 10% - 15% of the commodities trading fund we can get our principal relatively soon. Considering all the crap in the HYIP world at this time, I think Joy Fund is a good pick.

Published at May, 15 '06 ; read 2154 times;

If you liked this article subscribe to the Free HYWD Newsletter

   

No comments so far. Be the first to comment!

Now get syndicated content on all recently published or updated articles!

Or add to your favourite RSS readers: