Popular Post whomp3311 Posted June 23, 2011 Popular Post Report Share Posted June 23, 2011 I felt it was time for me to put in my two cents. A lot of other unqualified people seem to get to voice their opinion or their “facts” and “sources” so I felt I would share what I have learned, went through and experienced in my time in this investment. I have been in this investment only since October of 2010. I was introduced into this investment by my father who is a very successful business man and investor. Not every investment he has made has turned into wheel barrels full of cash to the bank but he has won more then he has lost. I believe you win some and lose some and I think any successful investor will tell you that. When educated briefly on this investment I felt an incredible amount of confidence in the information I was given. I am sure you all saw the dollar signs in your eyes and you were overtaken with excitement and joy like I was. All the things you were going to be able to do, all the people you would be able to help and all the places you could now choose to go. And there is nothing wrong with that! Why invest into something if you don’t see the potential like that or get feelings of hope and prosperity. The next part is where I learned my lesson and I hope none of you or very few of you fell into what I did. When this investment was brought to my attention I was given the basic facts. My dad didn’t tell me and my siblings about this so we could go put everything we had and all our eggs in one basket. My dad never invested that way and he sure as heck didn’t ever teach us to invest that way. But as we are all grown individuals we make our own decisions and it was up to me to do what I felt was best. And truthfully I made the worst decision I possibly could have made in this investment. The information I was presented with was the basic information of how the Iraqi Dinar got to what it was worth today and how it use to be worth $3.20 before the invasion of Kuwait. Obviously the information I was given expanded off of that but I was just given the basic history. After that I allowed all my hopes, education and decisions be influenced by “gurus” on the computer of the dinar world. It isn’t their fault and I am sure not all of them are pumpers but I am trying to now help as many people as I can to not fall into the same trap I did. Please keep in mind I am not blaming them every decision I made good or bad was my choice and my own doing. But I am sure like a lot of other people you aren’t educated in currency, other countries policies/procedures and have more confidence in other peoples “information” because they are “educated” or have top notch “sources”. If I would have consulted my dad first he would have advised me to not do what I did, but like most kids you think your way is better then your parents and I made my decisions based on emotions rather then logic. Most all the “gurus” were saying how the dinar was going to revalue anytime, at the latest right around Thanksgiving, Christmas or New Years. I was so convinced by the information and sources all the gurus were sharing to the dinar world I had to buy more dinar. It was going to revalue any day so I had to buy as much dinar as I could and do it as many different ways as possible to maximize my money. As you can see the greed just overtook me and there was no stopping me on my path to acquire as much dinar as possible. So, what did I do? Well I maxed out my personal credit line and bought millions and millions of dollars worth of dinar. I also took some money and did a few reserves because who wouldn’t loan me money to pay off the balance when the money was going to revalue any day for $3 plus. Well Halloween passed then Thanksgiving, Christmas and then New Years. But wait I still believed these “gurus” I still had faith in their information because after all they were the ones with “high level” contacts all throughout the world within different government agencies and on the ground contacts right there in the heart of Iraq. Everyone kept saying any day any moment just a few last details, or little minor hold ups and then the dinars going to revalue. Then I finally realized as I had no money left, I couldn’t afford to put gas in my car, buy food or I couldn’t pay any of my bills that I was basing everything I was doing on someone sitting behind a computer who I didn’t know. I was letting a screen name of someone on a dinar website to have so much influence on my thinking and decisions. How could I justify that to my family? The companies or people I owed money to? Yeah, but dinarguru123456 (made that name up) said it’s going to happen anytime. How ridiculous and immature could I have been to allow such an influence on my life? If the information these gurus’ posses were so accurate or correct don’t you think they would be spending their time and energy on the people they KNOW and LOVE? Why would anyone sit on the computer, host conference calls and devote hours of writing/talking to random people across the world they are most likely never going to meet? Really….. Think about that! If YOU had such classified information about ANYTHING a free concert, 75% off of clothes at a major retail store or a countries currency set to RV any hour and you could make millions, do you think you would hop on line and tell random strangers or tell the people you have REAL relationships with? Well most people who care about their character, morals and values would choose to share that information with their loved ones. Don’t get me wrong there are a lot of people in the dinar world who spend a lot of time in trying to restore the balance. And what I am encouraging you guys to do is try and separate your emotions from this investment and educate yourselves and find the avenues on line if you feel the need to be involved in that aspect that would cause the least amount of harm to yourself, your family and your wallet. That’s exactly what I did after making my mistakes. I decided to stop putting my hopes and dreams into the “gurus” and I decided I would do the best I can to educate myself on the dinar. I am not telling any of you to do this but this is what I did for myself. I went back and read news articles as far back as 2003 till now. I read not only on what’s happening in Iraq but what’s happening with other countries that have investment or a personal interest in what’s going on in Iraq. I have read about currency, the Forex, the stock exchange and etc. keep in mind this is all my own doing, I am not sitting in some college class listening to an instructor. But what I am doing is learning as much as I can as quickly as I can. Since around the end of January I stopped putting my faith and decisions in the gurus and guess what? A lot of those same “experts” are saying the same exact things they were in October when I was first introduced to the dinar. And guess what? People are still listening to them and making financial decisions based on them!! I know everyone wants to hear this investment is happening today or tomorrow! I am no different I want it to happen too! But I changed my thinking and I hope some of you adopt this thinking because if you do then you won’t be disappointed! I changed my way of thinking to the worst possible thing that could happen! What I mean is if this thing doesn’t actually revalue to the end of 2012 (haven’t really heard anyone say past 2012 and from my reading and educating myself I wouldn’t see it going beyond that time frame either) then who cares that’s the worst possible time it could happen. Or what if the dinar only revalues at $0.01? Then who cares that’s the worst possible thing that could happen. I am not saying to have the same expectations or opinions as me, I am just encouraging you to find the worst possible outcome of date and rate for yourself so you are prepared for that and if it happens sooner or RV’s higher then what you expected then great that’s just icing on the cake. Believe me I know the struggles of being in debt, out of work and feeling like there is no where to turn. But feel blessed and know there is hope because this investment is REAL and ONE day (maybe today, maybe in another year) it is going to revalue and it will change your lives. The only thing we can ultimately control is ourselves there is nothing you can do to influence the people in the decision making process of the RV to have this happen quicker. We really are small fishes in this investment compared to the grand scheme of things they are trying to accomplish in Iraq and the rest of the world. And as much as we want it to happen today in reality there is still a bunch of things left to accomplish in Iraq. From a completed government, issues with other countries, contracts with companies, the proper people in position to be able to handle the dominions that will start falling once there is a RV. As much as I do want it to happen I personally believe the longer it goes without happening, the more things that get accomplished in Iraq, the stronger the country becomes with a weak currency will justify and make the RV rate that much higher because the country has more things in place to support a higher currency. So, good things can still come by this taking longer then we would want. If you are fortunate enough to be able to purchase more dinar from now and until it RV’s then your bank account just got that much stronger, you can find ways to capitalize post RV in other areas if you position yourself now (maybe a bank account in Iraq, the stock exchange in Iraq, etc) it just made your investment portfolio that much stronger, it might make the RV rate higher because of more things in place! Who knows! But try and find the positives and try and give yourself the most amount of opportunity to be successful once this blessing does take place. Take a break from all the hype, Intel and rumors please do yourselves that favor. I know I walked away from the online dinar world for a few months until I knew I would be able to remain emotionally unattached to people’s predictions. I know for myself I needed to RV my priorities, values and commitments I had in place. A lot of you have family and other things that DESERVE your attention and every second you sit on line crossing your fingers, or putting all your energy into the online dinar world is just taking away valuable time and efforts from the people who love you. And I know in my case anyway it wasn’t fair to them and they certainly didn’t deserve that type of disrespect. We always try to justify things for our benefit but there is no way IMHO you can justify pouring all your efforts on line if you have people depending on you. Just something to think about anyways….. Mr. Whomp Whomp 20 Link to comment Share on other sites More sharing options...
DinarDana Posted June 23, 2011 Report Share Posted June 23, 2011 You are ahead of the gang, you are learning young. 1 Link to comment Share on other sites More sharing options...
pro1 Posted June 23, 2011 Report Share Posted June 23, 2011 very nice post. tru words of wisdom. Kudos! 1 Link to comment Share on other sites More sharing options...
Solarcloud Posted June 23, 2011 Report Share Posted June 23, 2011 WALL OF TEXT HITS YOU FOR 999999999 POINTS OF BLINDING DAMAGE. 2 Link to comment Share on other sites More sharing options...
Gardeniacountry Posted June 23, 2011 Report Share Posted June 23, 2011 Thanks for the reality dose Mr. Whomp Whomp. I hope that it will be wide read. 1 Link to comment Share on other sites More sharing options...
splicer09 Posted June 23, 2011 Report Share Posted June 23, 2011 Thanks for sharing and I'm glad your back on track. For me it has helped to stay focused and grounded by realizing that it is speculative investment and nobody, not one soul online has all the intel or facts to have anything more than a speculated opinion. People who seek the knowledge of others should remember that. News articles are constantly be interpreted differently from site to site and that may very well be the translation barrier. Regardles if it is interpreted correctly there is no way of knowing the validity of that article. There are great minds here and on other dinar sites but without all the facts they are likely to be wrong or slightly off on there conclusions. I have learned a lot from some of the said gurus. What I've learned the most is that their opinions are still speculative at best and they will never be right if all the facts are not present. You are doing the right thing by studing and reaserching the facts because in the end someone elses opinion could be wrong and lead you down the wrong path. Don't get me wrong this is a great place to learn but you will only learn what is presented in the form of facts not opinions based off of some of the facts. Thanks again for your thoughts because so many of us need the reminder to draw our own conclusions. God bless and go RV! 2 Link to comment Share on other sites More sharing options...
Farmall Posted June 23, 2011 Report Share Posted June 23, 2011 I gave you a +1 for the read, but please use paragraphs in the future ! Link to comment Share on other sites More sharing options...
splicer09 Posted June 24, 2011 Report Share Posted June 24, 2011 You are ahead of the gang, you are learning young. I would have to agree. Link to comment Share on other sites More sharing options...
pazloll Posted June 24, 2011 Report Share Posted June 24, 2011 WAY TOOOO LONG A POST. PLEASE TRY TO LIMIT YOUR ENTRIES TO LESS THAN 1 ZILLION WORDS! FOR CRYING OUT LOUD. MODS, MAYBE YOU CAN COME UP WITH A POLICY REGARDING ENTRIES THAT TAKE LESS TIME TO GO THROUGH THAN COUNTING THE BACK ISSUES OF NATIONAL GEOGRAPHIC.... 2 1 Link to comment Share on other sites More sharing options...
whomp3311 Posted June 25, 2011 Author Report Share Posted June 25, 2011 I gave you a +1 for the read, but please use paragraphs in the future ! You got it! Link to comment Share on other sites More sharing options...
mrb Posted June 25, 2011 Report Share Posted June 25, 2011 Very nice! Link to comment Share on other sites More sharing options...
dklll Posted June 25, 2011 Report Share Posted June 25, 2011 You dad would be proud of you picking your self up and looking every thing over. Link to comment Share on other sites More sharing options...
whomp3311 Posted June 25, 2011 Author Report Share Posted June 25, 2011 You dad would be proud of you picking your self up and looking every thing over. lol he is proud I guess, but he wants me out of his house more then anything ! still trying to get back on my financial feet! Link to comment Share on other sites More sharing options...
RRSport Posted June 25, 2011 Report Share Posted June 25, 2011 So, what did I do? Well I maxed out my personal credit line and bought millions and millions of dollars worth of dinar. I also took some money and did a few reserves because who wouldn’t loan me money to pay off the balance when the money was going to revalue any day for $3 plus. Well Halloween passed then Thanksgiving, Christmas and then New Years. I would have loved to had even 1 million dollars worth of IQD for if it pays off but had to settle for 50 Mil IQD. Link to comment Share on other sites More sharing options...
Matilda Posted June 25, 2011 Report Share Posted June 25, 2011 Great Post. Thank you. I appreciate it. Link to comment Share on other sites More sharing options...
BlueJeanBaby Posted June 25, 2011 Report Share Posted June 25, 2011 WAY TOOOO LONG A POST. PLEASE TRY TO LIMIT YOUR ENTRIES TO LESS THAN 1 ZILLION WORDS! FOR CRYING OUT LOUD. MODS, MAYBE YOU CAN COME UP WITH A POLICY REGARDING ENTRIES THAT TAKE LESS TIME TO GO THROUGH THAN COUNTING THE BACK ISSUES OF NATIONAL GEOGRAPHIC.... Yes, and the same should apply to people who use all caps, which I think is more annoying than someone who makes a long post. Seriously .. if you don't like it, then don't read! You can clearly see that it's a long post before you dig in, so why would you complain like that? You wouldn't touch a hot stove and then cry about getting burned, right? And to the writer, perspective is everything, isn't it? When you don't have it, you feel lost, and I'm happy for you for finding your way back. GO RV !!!!! Link to comment Share on other sites More sharing options...
10Kdiamond Posted June 25, 2011 Report Share Posted June 25, 2011 Appreciated the time and effort you put into sharing your thoughts and experience in this dinar world. You're absolutely right . . . we must guard ourselves on the "hype, pump and greed" that sweeps us into buying beyond our capacity. Thanks for your post and here's hoping the "payout" isn't too far away. 10K Link to comment Share on other sites More sharing options...
whomp3311 Posted June 26, 2011 Author Report Share Posted June 26, 2011 Appreciated the time and effort you put into sharing your thoughts and experience in this dinar world. You're absolutely right . . . we must guard ourselves on the "hype, pump and greed" that sweeps us into buying beyond our capacity. Thanks for your post and here's hoping the "payout" isn't too far away. 10K your welcome and GO RV!!! Link to comment Share on other sites More sharing options...
Recommended Posts