Ok, now for my opinion on the whole hedge fund vs MLM thing…
I think a hedge fund should be free to trade and talk about their trade however they want, that’s their business. Most people should have the common sense to see if when someone makes accusations, to perceive if they are true, or if they are lies to profit from. I think people must be aware that they are individually responsible for their actions, so if they join the hedge fund shorting, they shouldn’t blame them when the price goes against them. They should have done their own homework.
I think the MLM approach to marketing can be one of the very best wealth vehicles around, but it depends on many different foundational things to be successful. Again an individual must do their research and homework, and usually results with common sense can tell if something is legit…especially these days with google.
A successful MLM must have a product that everyone wants, that is unique in high quality, so that it’s not found at just any discount retail store. It must only profit from direct sales of the product, nothing else, including just signing people up. People who succeed in this type of business are those who don’t chase money, but instead build real relationships with people. The idea is you really get paid for sales volume, but also to help someone else get paid, as recording artists are paid royalty, or software companies on their licensing, there is residual income that happens each time a customer repeatedly buys the product.
I think there’s a lot of people who look at this from the wrong perspective that only the people at the top are making money, which isn’t true in a good company, and that they must keep others at the bottom to keep paychecks coming in. The opposite is true, you don’t get paid more until your volume increases, which can only be a result of other’s sales, who you helped start, so the truth is: you get paid to help others get paid more. Someone who only looks at people above them with envy won’t succeed, but someone who “gets it” and starts getting others involved, will eventually be at a pinnacle themselves. In a successful company, the percentage of payment from sales volume increases as the volume increases, so the pay is exponential, except that as people underneath who grow volume, also get increases in percentage which is minused from the people above, so the math works out. They usually figure out the percentage to change where when someone below hits a “level”, the person above who gets a little percentage cut, doesn’t lose much due to the increased volume, which makes up for it.(it took volume of $$$ for that lower person to get to the next “level”).
It is the best system of creating wealth I have ever looked into. Nope, I’m not telling anybody about how I relate to this type of business…and it’s not Herbalife.
I do think forex is a good wealth-making system, it just has a lot of potential risk, which I am willing to take.
