News from Life-Holdings

Dan (Admin of life-holdings) posted in Jude’s new Forum his news
for the recent future in this program:

“Both Life Holdings membership and our working capital are slowly increasing. Taking that into account, I will make several positive changes soon. Another minimum deposit increase is around the corner, to be announced in April. The minimum deposit limit will be $200 for both E-gold and E-bullion.
Existing accounts below $200 will be kept for at least another two months, this will give you plenty of time if you choose to top up your account.
Even if you do not plan to do that, this will give you an extra two months of profits and I will recover the exchange costs.We will have a second revenue source besides Betfair: FOREX. 30% of the entire capital will be traded, following the same money management rules I am using at Betfair.Variable trading profits - will they affect LH in any way? I don’t see them affecting our returns.

I will use Betfair profits and a small reserve if you want to call it that way to smooth returns. A volatile week might return 6% profit, in which case less then half will be kept as reserve, to balance weeks with lower returns. If excess funds build up and exceed what I need to balance low returns, they will be paid out to members as profits. If returns are on the low side and excess funds are depleted, I will immediately correct the returns.

For those complaining that we have no back-office yet, be patient. Looking at Club-FX’s website problems, I am happy I decided not to use his programmers when I first found out he was upgrading his website.

Be well!”

Dan is an active member in this forum and he trades in forex since some years ago. We discuss there about Forex strategies and comments.

I think that these are great news