PTV Partner Is No More

Dear Fellow Investors,

Ouch! PTV disappeared overnight and it is a pretty safe bet that they are not coming back.

In the end they left like most online investments, asking for more money with a promising new plan, luring the gullible ones into putting more money in, and then, simply vanishing.

I lost $2000 in this one, not to mention the disappointment of not getting the payouts we had on schedule for April, which would have been $20,000.

My dear friend S, who shocked me by putting $10,000 in (and I am reasonable sure those were not excess funds he had lying around to play with), has lost it all, and I am pretty upset about that. To all of you who were not in profit, I extend my condolences.

I am beginning to accept the cold hard conclusion that all these online investments are scams, plain and simple. If you want, you can call them games, and play with excess money and have some fun. But I am moving in the direction of calling it quits with these games and putting my attention once again on my singing, speaking, and writing career as the place to generate funds for my family.

I wish you all the best of success with all your investments, your dreams, your goals, and your adventures. For those who want to stay connected to my world and my offerings, sign up at www.scottsongs.com.

For any of you that still feel drawn to invest (gamble) online, here is some wisdom I tend to agree with about it all. Ironically, it was written by the founder of an online investment program.


HYIP's (High Yield Investment Programs) are almost always not what they say they are. Anything told to you by a program admin can be made up, or not, but there is no way you can know what is real and what is fake. Telephone numbers can be faked, registrations can be easily obtained, etc. And as we’ve all seen numerous times – none of it really means anything. Some of the most heavily licensed, expensive, professionally-designed, ssl encrypted, secured websites have disappeared without a trace. While several I can think of that didn’t have all of these things lasted beyond anybody’s expectations.


For “newbies” to the online community, remember this: Even Bernard Madoff provided “proof” of investments and their returns. He even paid many people during the 30 years he was running his scam. And he didn’t even have the advantage of anonymity that HYIP admins enjoy! If he can run away with millions with everybody watching, what makes you think an anonymous admin can’t do the same (albeit on a smaller scale)?


Most HYIPs are total BS. That is the bottom line. Treat online investing as you would a casino. Enter only with money you could live without. If you lose it, no big deal. If you make money, it’s all gravy.

If an investor is smart – treats this like a game, develops a strategy for withdrawal, always assume an HYIP will fail – then they will be more successful. Get in early, since with most programs if you can get in at the beginning you have a better chance of being in profit when they fail. Get your principle back as quickly as possible. Never compound. A low threshold for exiting a program never hurts as well. First sign of trouble, get out if you can.


A few simple rules:
1. Never invest more than you can afford to lose. Don’t invest the “rent money”!
2. Never compound until you at least have your principle back.
3. Spread out your investments. “All eggs in one basket” is a death sentence for your money.
4. Don’t let your emotions get the better of you. If a program is doing well, resist the urge (and it is a STRONG urge) to put more money in. Stick with your original strategy.
5. Most importantly, remember: It isn’t really your money until you have it in your hands. Just because your member account with a program says you have a positive balance, doesn’t mean you actually have that money. Withdraw, withdraw, withdraw. In my opinion, if you plan on reinvesting, it is better to withdraw to your e-currency account (pay the fees), and then redeposit. This provides at least some proof to you that the program is paying. Otherwise, you may be setting yourself up for significant disappointment.


Follow these rules, and HYIPs can be a lot of fun!
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