Newsletter Archives Bruce's Investment Club Update April 6, 2010 Offshore investment in 3rd world countries > Bruce's Investment Club Hello, again! Sorry for the long delay, but there has ben no "breaking news". We had to switch banks, as I told you last time. (This time I asked about any limit on wire transfers out-of-country and was told there was none.) The previous bank (American National Bank of Texas) gave me a cashier's check to close out the account. I told them I wanted cash, so there'd be no waiting period for the new account at another bank. They ASSURED me that there would be none with their cashier's check ... and, besides, they didn't have that much cash to disburse. (Yeah, right!) 'Just have 'em call us, if there's any issue', they told me. Well, naturally, the new bank has a 9-business-day waiting period before funds are available REGARDLESS of the surety of the check ... and "calling ANB would not help". Well, in the meantime, PTVP paid out $11,000 on our first $6,000 investment (3 investments of $2,000 each), so I transferred that to Liberty Reserve. It was about then that my thinking cleared. Rather than transfer THAT money to the bank (for a fee), why not just leave it in LR and re-invest it in PTVP and NOT have to pay a wire transfer fee to send new funds?? (Dang, boy, you're startin' to figure this stuff out!) So, that's what I'm doing. Our next payout from PTVP is due on the 10th of this month ... and then they start hitting pretty frequently for awhile. I'll re-invest our payouts until our original investment amount is reached, and then start withdrawing our profits. In a little less than 2 months I'll be able to send you back your money with interest. On a side note, I *do* have one person who's asked me to send him his "storable food order" instead of his cash. And I'll do that. If any of you would also like me to do that for you, just let me know. You'll get your product along with a check for any difference due. A number of you have asked if you can just "let your investment ride" for another go 'round. Frankly, I grow more pessimistic by the day about this administration and the future of our economy. I'm not sure we *have* another 6 months to do this again ... so--at this time--the answer is no. That could change, but I'd rather see your money safely back in YOUR hands. Oh, and a big "WHEW" on our not going with Genius Funds. They closed their operation a couple of weeks ago. 3/5s of you didn't want to go with them, anyway, so I'm still praising God for passing on investing with them. This is a dangerous playground we're in ... and we just dodged a bullet. As of this mailing, here's the result of my investment query. I don't think this is a problem. Their chatroom and forum are still active (please note, too, that *their* Tuesday is *our* Monday): "The database is undergoing extensive updating. You may find errors in amounts showing in your Investment Account and withdrawable Money on the default login page, some showing $0 where you know you have deposited or had a plan mature. This is part of the database repair procedure. This work should be concluded by Tuesday midnight. Please be patient while we make PTV better for you. All funds are safe. Please do not send tickets while this process is going on. This will only slow the process" 'Til next time, Bruce Continue