Ginko Financial

No, I'm saying returns for early Berkshire Hattaway investors were significantly higher than current returns and even higher than average returns. There were years of 70% profits though, if remember correctly.

Erm excuse me now, please provide me with an apology for accusing me of taking anybodys money, for i do no work or have no association with ginko or any empoyees of ginko and thank god i have no association with anshe either. If you have gained the wrong facts about me this quickly how can you make assumptions about ginko so quickly.

What exactly does this mean? Did the returns start very high and then decline as more people invested?



70% profit does not mean 70% interest paid to investors.

I'm sorry. I should have said "Ginko" and not "you". And you're so right, my confusion of the two completely invalidates everything I said about Ginko. It is a solid investment opportunity. I encourage everyone to give money to Ginko. The fact that the owner will not disclose in even the most general terms his investment strategy, the fact that they haven't collapsed in a fiscal sinkhole after a whole year of business is absolute proof it's a good buy.

Oh if you want most general details then you should read there website

https://ginkofinancial.com/aboutus.php

Clear text, not hidden in any terms of service.

I'm tired of listening to this nonsense about how impossible 70% a year is. Let me point out something very simple, that more than a few people do or have done. It has its risks as history shows, but everyone knows it is done and it happens. There are many other examples, some of which are safer, some of which are riskier, but that all make getting cash for 70% interest viable in the short term. Now, an example:

You have 20k dollars. You find a house in a good area selling for 200k dollars. You go to the bank and get a 180k dollar mortgage to buy the house. Now you have a 200k dollar asset with a 180k dollar liability for a 20k dollar investment. Say you rent the house for about the same as its costs in interest and maintenance. Next year, the market is up by 10%, making your house worth 220k dollars. Your liabilities are the same as is your cash investment. So essentialy you made 20k dollars in one year on a 20k dollar investment, which amounts to a 100% yearly return. There are real estate markets in the world where prices go up steadily by that much for real, fundamental and sustainable reasons. There are real estate markets that go up by 20%, 30%, even more in one year, sometimes year after year. And there are ways to get a mortgage for more than 90% of the value of the property. Someone with good knowledge of real estate, how to get bank credit and willingness to take risks can make very significant returns on his cash investment.

Important: This is not what we do. We have zero real estate investments.

It's not a perfect example but it ilustrates just fine how ridiculous the notion that simply paying 70% (the real, compound annual rate we were paying when Anshe started this thread) or 66% (the real, compound annual rate we are paying right now) proves Ginko Financial is a ponzi. Don't get me wrong, I understand why people have their doubts, and I respect their right to have them and even spread them. But I believe people are innocent until proven guilty, not the other way around and Anshe's threat sounds like she wants to burn me alive regardless of guilt, just because she has made up her mind about me.

Would someone just liken someone else to Hitler so we could be done with this already?

Ok. You are a would-be dictator from Austria with one non functional testicle and a silly moustache. Does that help?

Yes! Thank you!

No wait, you outed my mustache which isn't in my FL profile (and which I couldn't actually grow if I tried because I still haven't reached puberty). Now which of us do I AR?

Well, Imma AR you for being underage due to your above confession. Report back to us from the teen grid, won't you?

They start these Nazi dictators young these days, huh?

Reading this whole thread again, I just want to say that the people who have invested with Nicholas and Ginko are all adults and can make up their own minds whether they want to invest or not.

It is really no-one else's business to rip Ginko to shreds because they disagree with it. Mind your own business is really what I'm trying to say.

Anshe's original post was totally out of order and should have been edited or locked for revealing real life information about someone when that info is not in their profile. Plenty of people have been censured for doing that and so should Anshe. I still believe she wants any competition out of the way and will do anything to achieve that. Hopefully she will not succeed.

Alexa

Yup. I think we just have to give people credit to realise bullshit when they see it.

I AR'd Anshe's posts twice. But since she has complete inworld and forum immunity because Money > ToS, she pretty much gets to say and do what she likes. If anyone else had made that post, it WOULD have been locked and edited.

So in this land, both money and bullshit talk... interesting.

The irony - to me anyway - is that for all the handwaving by the original poster (subtle allusion there, no?) did in this thread about the longevity of Ginko is that I believe that she/he/it/they are "investing" real capital, as a customer, in what I believe to be a failing enterprise and so will neither be able to realize the expected return but will have the carpet rudely pulled out from underneath those "investments" with no recourse at all.

Now before the pitchforks are drawn, I'd like to try and dull the tines a little bit. I really, truly, deeply do not want to see SL/LL fail and have been doing everything in my limited power to help them succeed. However, unless some relatively drastic changes are made in the operations, I think their days are numbered. This would be a sad thing, as the concept was so promising, the community that it attracted is on the whole creative and clever and kind, and I've seen firms of this size fail and real people with real families would lose their jobs thus adding to the aggregate unhappiness in the universe.

I don't want LL to fail but I cannot see them succeeding given their current direction. I think I've seen an analysis somewhere here which shows that SL is trying to increase mindshare with the free accounts, but that the majority of free accounts are not converting to revenue generating customers and that each active free account has a very real cost to LL. I'm reminded of the old quip "sure we lose money on every sale, but we make it up on volume"; in other words, if current trends continue, SL's "loss leader" accounts will make their balance sheets increasingly red to the point of unsustainability. Yes, they are getting quite a bit of press these days which I fear is only drawing potential customers in only to have their expectations violated because at present 1.7 is pretty performance-challenged. Another SF-Bay start-up is also crumbling under their own successes at present and I know that some Lindens would strenuously object to the comparison, but much of what made Friendster appealing ("hey geeks, get in touch with other geeks" is what really drives the meaningful part of SL.

Yep, this appears to be a hijack of the thread (which was pretty dead already) but I think we'll likely see more of these as various "make money here" expecations fail to come to fruition.

I'm not so sure you are right. She is promulgating warnings about a business. Publically expressing concerns many of us share - doubtless many that remain silent here. It's not the same as insulting a person. I have attacked AnsheCorp dealings quite vigorously, and not had every such thread locked - less recently. I have argued strongly that an SL business of significant size, asking for our trust, should not have the same TOS and forum protection as an individual. I have argued it mostly against Anshe. I suspect Jeska has partly accepted it.

I'm not sure that some of you aren't the ones guilty of what you complain of. Special treatment for Anshe. But in the reverse direction.

As for the huge dreadful TOS violation on revealing a private communication - come on, grow up. Wasn't it about the willingness of South American banks to lend at European rates ? Didnt he post the same thing himself again here a short time later ? Is that personal information? Was there something more I missed ?

It feels really bizarre for me, defending Anshe like this, but I really do try hard to look at the issues alone, and ignore the personalities.

I am really concerned about Ginko. A possible Ponzi operation is a very serious legal matter. If SL were found to be sheltering one via its currency it would be almost tantamount to allowing money laundering.

Ginko could repel these doubts with ease if they are a genuine operation. Just disseminate a document telling us a lot more about what they are doing, at least some of it verifiable. If he won't, he invites the expression of doubt in public.

If the investor has to accept risk of loss of funds with no accountability, then the investee has to accept the risk that his business will be damaged by adverse comment and speculation of possible wrongdoing in public.

We take one risk. Fair enough, he takes the other. Two sides of a coin.

What's unfair about that? You want him to have his cake and eat it ?

We know his investors risk. This risk (public criticism, doubts amd warnings) is his.

We invite our risk by giving him money when he won't speak.
He invites his risk by refusing to speak.

DO NOT BUY LAND FROM ANSHE!

Her land is really just "quicksand" covered by fake grass!!

You will fall in and never live to tell!

DO NOT BUY LAND FROM ANSHE CHUNG!

----------------------------------------------

Dear Anshe,

I WARN YOU and I DEMAND! That you show us all proof that your land is not all quick sand covered by fake grass! Untill then no one will buy your quicksand land! Ohh and Anshe dont say I never WARNED you! Muhaha (evil grin).

Thank you

ALL land is quicksand covered in fake grass if you're in a vehicle

Nope. What she's doing is making accusations about a business (that she, incidentally has no financial interest in) , that she can't possibly prove.

Hey now

EDIT: The following post is all kinds of wrong (I need more sleep) and should be ignored. I started with incorrect data, and made my own mistakes to boot.
EDIT: (I should have stopped there.... Please pretend I did and skip the rest.)

EDIT: The following post is all kinds of wrong (I need more sleep) and should be ignored.

I think your math may be broken Tiger. I am too busy atm to figure where you went wrong, but I believe there is an error.

Yeah, Ginko is paying about 70-80% annual ROI.

THat's still very improbable.

Improbable is not the word Blaze, unsustainable is more suited.

Even if Tiger's numbers are out an order of magnitude the future of this enterprise is shaky indeed.

Thank goodness I did not invest!

EDIT: The following post is all kinds of wrong (I need more sleep) and should be ignored.