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Last Updated: January 23, 2009 05:33 PM Oceanside Wealth Review
Owner: JD. Owner chose not to disclose real name (Explanation: For security purposes). Genre: New Matrix & Investment Trading Company Rebate: 15-20% per month average (more or less) Risk: High (If time proves otherwise, rating is subject to change) Return: Medium - High Am I an active member: NO My Overall Rating:  (0/10) Status: As I am not a member, I am not sure what the exact status is. I've heard rumors of OW either closing or having some problems.
Oceanside Wealth's announcement has exploded over at ASA and other forums: http://www.asamonitor.com/forum/index.php?...0315&st=450. This is an investment opportunity said to pay out a 15% average monthly. This earning percentage does not expire. The matrix side of the company might prove to be great source of income and appears to be the focus of the company. You must join the matrix to take advantage of the product. In this case, the product is investments. People on forums are excited to get in early because of the 2x10 "community" forced matrix, where people will be placed automatically LEFT TO RIGHT, all the way down to the first 10 levels. With the amount of excitement OceansideWealth has been given, the early birds will full up the 2x10 matrix quickly. Subscription is $60 a month. Matrix Chart: Level 2 $10, Level 3 $50, Level 4 $400, Level 5 $80, Level 6 $640, Level 7 $320, Level 8 $1920, Level 9 $2,560, Level 10 $33,280
I can't guarantee these will be the earnings or anything. I just gathered information from forums, contacts, and the company. Do realize that even though people are joining because of the matrix, it's the product that matters the most at the end of the day. Most people aren't matrix builders. After the initial craze of signups, the 15% average monthly return is what is supposed to keep the program alive. However, weighing risk verse reward, I feel that this opportunity is no longer worth the risk. Why? Originally, I heard a lot of good things about this company, mostly from forums and my friend, Jake of ASA. He felt this program would be the next big thing. Under his recommendation, I went ahead and started to get a team ready to join for officially launch. However, this later proved to be a complete mistake and waste of both of our time, as well as many other members. Oceanside Wealth Builders' official launch has been delayed two to three times. It was finally agreed to officially launch the program Sunday, August 3, 2008 @ 6:30PM with the proper server adjustments made. I do understand that no matter how many delays it takes, it's very important to get things start off on the right foot. However, the company has proven themselves to be unprofessional by creating what some call a "secret launch". Without public notice, they launched around July 27 or earlier. Many things were not done on a fair basis and preference was given to one team and leader secretly. I immediately recommended to my team not to take part of this. I don't know if this company will be successful. I will say however, that JD's integrity is not completely absent. Though refunds were late, he is refunding members who have requested to not take part in this. This tells me he is probably not planning to scam. The cost to join is $60, but the cost to have a chance at possibly earning a profit is much more than that. I recently found out that the matrix earnings go into the Forex portion of the company, before being able to cash out. The Forex portion has not even been released yet and might take months. Also, one would have to personally sponsor a couple of people to earn. If you decide to join, I suggest waiting for the Forex portion to be released, and then look at the results. |
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