Investment Opportunity
 

Hello guys,

Thought I’d share an investment opportunity I've been involved in for the past month for those who might be interested.

For some background info about myself, I've always been interested in poker and loved playing it. I even had a run (albeit an unsuccessful one) at seriously making money from it a while back. But despite giving up ever making any significant money from it I've still always been interested in strategies and followed the poker scene on the forums. I came across this concept one day browsing the twoplustwo forums and was interested.

The guys are called Poker by Proxy. I’ll paraphrase what they do in the four steps found on their website;
1. You deposit funds into Poker By Proxy
2. Those funds are pooled with every other member
3. A team of professional players hit the tables and generate a result
4. Profits/Losses are calculated and applied daily to your account. You can withdraw any funds you have including your principal at any time.

I was interested and had a spare $100 so I deposited on 16th September. The results were great; by the end of the month my average daily interest earned was approx. 2.43%, generating around $36.31 between 16th - 30th September. I love the flexibility of being able to access any amount of my funds at any times and had zero issues withdrawing the funds from my account.

I was so impressed I’m going again for another month.

Because its poker there is of course risk involved. While the guys acknowledge losses are a possibility there is a stop/loss clause in place where they will never lose more than 5% of your investment in one day. You can deposit with as little as $25 and a maximum of $200,000. What’s also very cool is that all interest earned is compounded.

For those interested in further independent info then check out;
My Traffic Value - Review

Money Maker Group - Forum Discussion

Money News Online - Review

So guys there it is, an investment opportunity in the form of Poker by Proxy. I always recommend everyone do their own research when thinking of making an investment in any program. For those of you who think it’ll be a worthwhile investment I’d be very grateful if you signed up using the referral code below. Happy investing!

https://pokerbyproxy.com/referral/yojiyamamoto.html

This seems too much like an advertisement for me not to be skeptical...

I can guarantee you I'm not affiliated with them in any way. I don't benefit from advertising their program at all unless people sign up with the referral code at the bottom, which would be awesome by the way if people did as their referral program is pretty lucrative.

Way I see it, I've made money from it so why not share it. I like this forum and the people who use it and some people here are interested in making money so i'l share any opportunities I ever come across.

That's cool that your skeptical, as I was initially, but like I said in my last post I always advise people to do their own research and make a decision from there.

What research have you done? All I'm getting is forum posts made by them and the occasional interview, nothing impartial...

I may be inclined to just drop $25 and see what happens, but I can't help but feel its one of those things where people invest a small amount, gain a bit of trust, then as soon as a large amount of capital comes the company disappears.

I've provided three links in my first post. Two of which are independent reviews from companies that monitor HYIP programs and check them for payment status, news stories, credibility and real practical value. One link is a forum post in which various users of Money Maker Group tested the site and reported back their findings, all of which were positive. I also have a couple of city trader Facebook friends who have given me their opinions on the program and see it as a fun short term investment program.

In regards to your second point you could be right and I have had these thoughts myself. However you can manage your own liability by setting your own set of goals for the program. For me personally my only investment will be nothing more than my initial $100. I also review the program on a monthly basis and withdraw all interest after one month and only leave my principal investment remaining. Should I feel the program will yield another profitable month i'l leave my principal in there. Should the program have 2 consecutive losses of 5% then that indicates trouble for me and I'm gone.

The ability to withdraw your principal at any time gives me a lot of reassurance, and because I deposited via Paypal I do have some buyer protection should the worst happen. Even if the worst did I've already withdrawn ~$35 thus far and the money was what I had spare in any case and could afford to lose.

If you can spare $25 then it may be worth a shot dude. Just make sure to set your own goals and expectations for the program, set your own personal stop/loss and see how you get on.

I've set up an account, I was going to deposit $25 via PayPal but it's reached a limit for yesterday. The server is in Panama so I'm assuming their counter will reset come trading hours (9am, 3pm GMT)? Either way $25 is fuck all so its worth it just to find out I guess.

The reason I'm skeptical is mainly since a cumulative daily return of 3% (the average from their historic rates) seems too good.

I had problems with depositing via Paypal too, It took a couple days but that was the only method I was prepared to use.

I agree mate but they are professional poker players and professional poker players do make money. I have a few acquaintances who play professionally and if I could back them the same way I do with PbP then I'd have tripled my entire principal every few days, so by that logic 3% cumulative is fairly poor.

Either way its a very unique investment opportunity which I have been impressed with so far. Like I said earlier, do your own research, set you own goals and expectations and only invest with money you can afford to lose.

Many thanks for using the referral link too man, I appreciate it.

I'm going into with no expectation to be honest, just for shits and giggles, I'll be happy if I make back any money I put into it. And no worries for the link, its free money at the end of the day.

I might give this a go with a spare £20. As D!ce says, no expectations. Will make a change from spending it in the pub.

Without looking too much into it, if its been endorsed by users on 2+2 I'd say this is definitely legit & more than likely profitable before those guys are getting into it.

I used to make a pretty tidy sum during my online poker days. I effectively stopped playing about 2 years ago when it became too time consuming to find time to put in hours for both playing & studying. The burst of the online poker boom made it a lot harder as most players now are semi competent if not better than me which makes it harder to win. Losing money for 18 months on Full Tilt when it got suspended was also a nightmare. I ended up with a decent 5 figure sum in profit, but profit in No Limit is pretty hard these days, Omaha is where its at now but the swings involved are too crazy for me.

I saw similar things when I was involved in the online community and friends used to give me money to play for them also.

I'd imagine this could be a nice little earner.

I've managed to put $25 from PayPal in, let's see how it does.

The days results usually come in between 9-10pm GMT. The guys have just set up a Twitter where they post the day's results too.

https://twitter.com/pokerbyproxy

Thanks again for using the referral link dude.

No worries, I'd be more inclined to try a larger amount but I'm just unsure of how long their company is going to be around for.

I can understand your concerns. I've had very similar ones myself. I'm much more at ease now with the news that they are taking on more players, launching an official Twitter page, will be holding regular Skype sessions and above all developing their customer support features.

Whilst I appreciate this isn't a guarantee for the company's longevity I do believe its a step in the right direction.

That being said I'm still adhering to my own rules of withdrawing my interest after every month and pulling out completely if I see two consecutive -5% days.

So far it's been 5 days and I'm up by $2.70 lol

Is it worth investing? Might try it.

You're not going to make a whole lot of money unless you put the big bucks in, but I would be very skeptical about doing so.

Let's do the stats...
I invested $25 (£15.48)
I have a current return of $2.70 (£1.36)

Which works out at around 8.79% over 5 days.
Or around 2.16% of compound interest per day.

Which I probably estimate to increase to about $22.46 (£13.91) return by the end of the month.

Not actually that bad considering, but it's not guaranteed, and from my opinion fairly high risk.

But if you've got a spare bob to blow, then you're on the wrong forum.

Might try it along with matched betting once my loan comes through. Miss having my own business that I ran in Newquay :( So much paper to spread.

Haha, well much like phenom, I've got a refferal link too now, I'll let you choose which one :P

https://www.pokerbyproxy.com/referral/dice.html

Its your choice how much you put in, but as always don't put it more than you can afford to lose, sorry to sound like a broken record I'm just over cautious.

What was your business?

Oh and in relation to the referral links, use mine.

Cant say but it involved getting phone calls at 4am off nobheads who always say they can get better quality and more of it, for cheaper, and two phones.

So you were a drug dealer or you ran a bad takeaway shop or both.

No comment, I made £400 profit a week minimum, if you can handle the heat its the easiest and best side business to run.

Once you have enough customers you can pay someone else to do all the delivery too.

Still sounds like it could be either haha.

By heat do you mean prison rape? I don't think I could handle that.

Haha, nah more like getting jumped, customer's starting fights with you. The paranoia was the worst for me though.

Man that sounds like too much hassle for £400 a week.

The one time I got jumped, I lost £100, a phone and got my head caved in and had 3 days of concussion.

It did not compare to having to go and do 10-12 hour shifts with a nagging boss telling me I'm shit or customers complaining, constantly making sure you're doing everything right.

To this extent I completely see where your coming from. And I have done exactly what you've described above and my time is way too valuable to do that shit again. Drug dealing just comes with way too much liability though.

For the purposes of a public facing forum, I'm going to go ahead and assume you started running a take away business. So what was it? Indian? Chinese? Taiwanese? Korean?

And use my link, coz we iz bro'z innit!

Compound Daily Interest Calculator tool for projecting potential interest earnings from PbP.

Compound Daily Interest Calculator

How did you find the first month Dice?

I've just processed a withdrawal for approx ~$56, which was what I'd made for the month of October. Gonna leave my initial $100 in there and see how we do for November.

My deposit went in on the 16th of November and so far I'm up by $7.44 from my initial $25 input. Nothing too significant, I may put another $25 in and try to ramp up the profit a little bit.

That's like 28% increase in a month, how's that not significant?

By percentage it is, I had meant since there wasn't a significant investment the return is minimal.

They've changed the minimum amount for deposit via PayPal too 100USD, I suspect its probably because of the heavy use of PayPal for deposit, but it does make me a little more reluctant about putting more in (I was about to deposit another 25USD), it's not like 100USD is a lot really I'm just very apprehensive about this sort of thing.

Bad news in regards to this.

Seems Paypal has frozen their account as a result of people making fraudulent claims against their withdrawal process. At least that's what there saying!

This basically means anyone who deposited via Paypal has seen their balance wiped. They claim to be working to retrieve everyone's money but I doubt this will happen.

As with all HYIP's there is a high risk element involved but I expected more longevity to this one. Such as shame really as it was a good program while it was running.

I hope nobody lost anything significant and made enough withdrawals to offset what's been lost. Sorry to be the bearer of bad news guys. There was always a chance this might have happened, such a shame that it did.

I know people who have had 10000$ dollars plus frozen even though its the same legit service people are paying on subscription for every month and the traffic comes from the same website when purchasing!! for me paypal is like a bank but they seem to have there own non monitored rules that a standard bank would be in the papers for the first time they tried it.

Not an insult or gripe but why not change the donation method for the forum if you feel that way?

I think they are scum bags but I think also because they are an international organization they are subject to so many different laws and governing bodies with regards to it's operation that it trips itself up on red tape.
Not that it is an excuse.

Hmm, that's quite sad, though if I'm fully honest I had kind of expected something to fuck up at some point. With all the negative comments regarding PayPal, all the experience I've had with them has been positive, I've sold things on eBay where the buyer had turned out to be using a credit card fraudulently over PayPal, and they had backed my payment despite the credit card company getting refunded. From a developer standpoint their API's are excellent and can provide small businesses with means of credit card payments, I've never before had a bad experience with using PayPal, but that could be simply because I'm over cautious.

Bit of a disappointment here, but shit happens, at least it wasn't too much money lost.

The sites gone down now, such a shame but I'm surprised they've gone out without any announcement...