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My Experience On MMM - Investment - Nairaland

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My Experience On MMM by NewNigeriaMind: 9:30am On Dec 07, 2016
I was told about MMM by a friend a couple of months ago, he explained to his best abilities the principle behind the scheme and how it works.

But as a finance specialist i made him to understand the system is based on a pyramid structure and sooner or later it will not be able to sustain itself. this is the inherent shortcoming of any pyramid structure. He continued to talk about other stuff until we got to his office and he showed me a car newly purchased( tokunbo) car by his colleague with MMM money. I was wowed and i explained to him they are lucky they are cashing out.

Afterwards i spent a couple of hours studying the system and came up with these conclusions.

1. For every pyramid scheme to be sustainable the pool of people must be very large. There are estimated 180 MILLION people in Nigeria, 20 MILLION estimated to be in Lagos and out of that, we can conservatively say 50 PERCENT have access to ICT. So the market is available.

2. The old participants must continue to reinvest in the scheme to ensure longevity.


Having reached these conclusions, i advised my friend to reinvest to the maximum he can afford to lose.

In August, late in the month about 27th there about, i met a youth corper girl in VI whom i invited out to a date. I took her to hard rocks cafe and while we were having a nice time, she brought up the MMM jist and she managed to make me part with 100K. Before me there, she created a gmail account and registered me on MMM. She pledged the 100k and i sent it to her account and the night went on and on and we did other stuff. well that is that.

Yesterday i got an alert of 140K( approximately) from someone i don't know or have ever met, this was followed by a phone call that i should confirm receipt of the money. Initially i was shocked and i asked the person from where and he said MMM, he just provided help to me(lol..like i need it). so i am forced to call my corper friend this morning (Note, we have not been seeing after our "parol finish" but we talk and the relationship is cordial), she told me she claimed the money on Monday morning and i should send her share of the money. she is going to confirm the receipt of the money on my MMM profile.

This is my experience so far and i am thinking of asking her to invest 500k next.

Ladies and gentlemen, this is my reason for creating this thread after a very long time of not commenting or creating threads on NL.

I am not encouraging anyone to invest in MMM, but if you are a risk taker and have spare money. Go ahead and invest cause life is a risk on its own.

Another information i got recently is that over 50 PERCENT of people on MMM are small business owners trying to raise capital. This is an indictment of our banking and whole financial system.

3 Likes

Re: My Experience On MMM by talktonase(m): 9:39am On Dec 07, 2016
I earnestly condemned it initially but after my sister made 500k from it in 60days.i had a rethink and I am about to invest some very substantial amount to help save for my business since the banks cant help me out...

3 Likes

Re: My Experience On MMM by idupaul: 9:42am On Dec 07, 2016
Do what you mind tells you ..Afterall some of us have rented shops for a million naira and didn't make a dime still yet we didn't say the landlord defrauded us ..Life is all risk and there is nothing you do as you live that doesn't have an element of chance in it ..I have stopped criticising MMM a long time ago afterall who am I to critic them when I have spent a lot more money on other ventures and lost it all

5 Likes

Re: My Experience On MMM by overdrive(m): 9:50am On Dec 07, 2016
I think I will give this a trial.

1 Like 1 Share

Re: My Experience On MMM by StOla: 9:50am On Dec 07, 2016
Many make millions from MMM every month.

The higher the risks, the bigger the reward.

There's a whole new world out there, even beyond the positive Ponzi schemes. Bitcoins and other crypto-currencies might just be the new dot.com boom before the dot.com bubble bursts.

Don't limit yourself to the unsuccessful life of those who are too scared to risk anything.

2 Likes

Re: My Experience On MMM by NewNigeriaMind: 9:50am On Dec 07, 2016
talktonase:
I earnestly condemned it initially but after my sister made 500k from it in 60days.i had a rethink and I am about to invest some very substantial amount to help save for my business since the banks cant help me out...

There are levels to risk taking and this is a free financial advise. Create a portfolio of sources you intend to fund your business. Don't put all your eggs in one basket. Leave room for the 1 percent extreme of everything going burst.
Re: My Experience On MMM by Nobody: 9:57am On Dec 07, 2016
NewNigeriaMind:
I was told about MMM by a friend a couple of months ago, he explained to his best abilities the principle behind the scheme and how it works.

But as a finance specialist i made him to understand the system is based on a pyramid structure and sooner or later it will not be able to sustain itself. this is the inherent shortcoming of any pyramid structure. He continued to talk about other stuff until we got to his office and he showed me a car newly purchased( tokunbo) car by his colleague with MMM money. I was wowed and i explained to him they are lucky they are cashing out.

Afterwards i spent a couple of hours studying the system and came up with these conclusions.

1. For every pyramid scheme to be sustainable the pool of people must be very large. There are estimated 180 MILLION people in Nigeria, 20 MILLION estimated to be in Lagos and out of that, we can conservatively say 50 PERCENT have access to ICT. So the market is available.

2. The old participants must continue to reinvest in the scheme to ensure longevity.


Having reached these conclusions, i advised my friend to reinvest to the maximum he can afford to lose.

In August, late in the month about 27th there about, i met a youth corper girl in VI whom i invited out to a date. I took her to hard rocks cafe and while we were having a nice time, she brought up the MMM jist and she managed to make me part with 100K. Before me there, she created a gmail account and registered me on MMM. She pledged the 100k and i sent it to her account and the night went on and on and we did other stuff. well that is that.

Yesterday i got an alert of 140K( approximately) from someone i don't know or have ever met, this was followed by a phone call that i should confirm receipt of the money. Initially i was shocked and i asked the person from where and he said MMM, he just provided help to me(lol..like i need it). so i am forced to call my corper friend this morning (Note, we have not been seeing after our "parol finish" but we talk and the relationship is cordial), she told me she claimed the money on Monday morning and i should send her share of the money. she is going to confirm the receipt of the money on my MMM profile.

This is my experience so far and i am thinking of asking her to invest 500k next.

Ladies and gentlemen, this is my reason for creating this thread after a very long time of not commenting or creating threads on NL.

I am not encouraging anyone to invest in MMM, but if you are a risk taker and have spare money. Go ahead and invest cause life is a risk on its own.

Another information i got recently is that over 50 PERCENT of people on MMM are small business owners trying to raise capital. This is an indictment of our banking and whole financial system.

the smart girl used your 100K in the month of September and October before using it for you in November ...
Re: My Experience On MMM by meezynetwork(m): 10:04am On Dec 07, 2016
You should shine your eyes before you invest and be active in it very well by checking your PO regularly. A lot of fraudsters are in mmm right now. People who will not pay you but will upload false proof of payment. And if you are not careful, your account will be blocked and the money accredited to the fraudster.
I have made millions in mmm and I have encountered quite a few of them. I am not afraid of loosing money in that scheme cos I hv made more than I can lose but for the new comers, you need to be careful and be watchful
Re: My Experience On MMM by Rockyrascal(m): 10:15am On Dec 07, 2016
Is our commercial banks not worst?
Re: My Experience On MMM by Rockyrascal(m): 10:16am On Dec 07, 2016
If mmm is bad then our commercial banks are worst.
Re: My Experience On MMM by StOla: 12:07pm On Dec 07, 2016
BADNEAT:
the smart girl used your 100K in the month of September and October before using it for you in November ...

She job the lovestruck guy, using his N100k to raise her own N100k in 2months. Yet she still open mouth dey ask for her share.
Re: My Experience On MMM by francotorti(m): 12:28pm On Dec 07, 2016
mmm is life saving platform. infact many nigerian who has lost dia jobs now have sometin 2 smile on
Re: My Experience On MMM by Toybreezy: 12:41pm On Dec 07, 2016
StOla:
Many make millions from MMM every month.

The higher the risks, the bigger the reward.

There's a whole new world out there, even beyond the positive Ponzi schemes. Bitcoins and other crypto-currencies might just be the new dot.com boom before the dot.com bubble bursts.

Don't limit yourself to the unsuccessful life of those who are too scared to risk anything.


Good advice bro.. Good.
Re: My Experience On MMM by komonibo(m): 1:18pm On Dec 07, 2016
overdrive:
I think I will give this a trial.
hola me grin
Re: My Experience On MMM by Gbengageorge: 12:41pm On Dec 08, 2016
NewNigeriaMind:
I was told about MMM by a friend a couple of months ago, he explained to his best abilities the principle behind the scheme and how it works.

But as a finance specialist i made him to understand the system is based on a pyramid structure and sooner or later it will not be able to sustain itself. this is the inherent shortcoming of any pyramid structure. He continued to talk about other stuff until we got to his office and he showed me a car newly purchased( tokunbo) car by his colleague with MMM money. I was wowed and i explained to him they are lucky they are cashing out.

Afterwards i spent a couple of hours studying the system and came up with these conclusions.

1. For every pyramid scheme to be sustainable the pool of people must be very large. There are estimated 180 MILLION people in Nigeria, 20 MILLION estimated to be in Lagos and out of that, we can conservatively say 50 PERCENT have access to ICT. So the market is available.

2. The old participants must continue to reinvest in the scheme to ensure longevity.


Having reached these conclusions, i advised my friend to reinvest to the maximum he can afford to lose.

In August, late in the month about 27th there about, i met a youth corper girl in VI whom i invited out to a date. I took her to hard rocks cafe and while we were having a nice time, she brought up the MMM jist and she managed to make me part with 100K. Before me there, she created a gmail account and registered me on MMM. She pledged the 100k and i sent it to her account and the night went on and on and we did other stuff. well that is that.

Yesterday i got an alert of 140K( approximately) from someone i don't know or have ever met, this was followed by a phone call that i should confirm receipt of the money. Initially i was shocked and i asked the person from where and he said MMM, he just provided help to me(lol..like i need it). so i am forced to call my corper friend this morning (Note, we have not been seeing after our "parol finish" but we talk and the relationship is cordial), she told me she claimed the money on Monday morning and i should send her share of the money. she is going to confirm the receipt of the money on my MMM profile.

This is my experience so far and i am thinking of asking her to invest 500k next.

Ladies and gentlemen, this is my reason for creating this thread after a very long time of not commenting or creating threads on NL.

I am not encouraging anyone to invest in MMM, but if you are a risk taker and have spare money. Go ahead and invest cause life is a risk on its own.

Another information i got recently is that over 50 PERCENT of people on MMM are small business owners trying to raise capital. This is an indictment of our banking and whole financial system.




She don chop you tire, collect your password and stop her from operating it for you. operate it yourself and make 37k or more monthly from it. if she insist on her share, tell her to return your 100k she made in the first 2 months.

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