Author: Jason Dunn

What Happened to Wealthstreet and Dave Jones?

Because this blog entry of mine comes up third in Google for the term Wealthstreet, I feel a certain responsibility to share some information with people who are searching for what happened to their investments.

For those that haven’t heard, Wealthstreet seems to be no more. Their phone numbers are disconnected, and while their Web site still loads, it hasn’t been updated in some time. The last time I spoke with anyone from Wealthstreet was back in May of this year (and it was a hushed conversation involving whispering), and I suspect that once the hosting bills go unpaid for a few more months, the Web site will go off-line. The good news here is that Wealthstreet was “only” a broker – so if you invested in AGCAPITA, First West Properties (formerly Averio), or the MOSAIC Fund, your investments aren’t impacted by Wealthstreet imploding. If only the same could be said for our Concrete Equities investments.

I was concerned about the Dragon Fund however – this was a fund created by Dave Jones, and while we didn’t have much money in it, I had pretty much given up hope of getting it back. This article had a few interesting comments that related to that fund. I’ll reproduce them here in case the source article gets deleted:

“I managed to talk to someone last week and it looks like Dave has laid off all of his staff and has closed his doors. In regards to investments I was told that if you have invested in anything other then the dragon fund your money is o.k. as Wealthstreet was only selling shares, not a partner in the investments. The dragon fund however is a different matter as this was Dave’s fund. Currently it is up in the air as to what will happen to this fund and the money that investors put into it. If Dave can sell it investors may get their money back or at least most of it, but if that fund goes down with the Wealthstreet then all the invested money could be lost.”

And this one:

“The above posting pretty much on point. Concrete is what is is…not good…not good at all. Investments such a Mosiac & AgCapital are still whole and seem to be run by quality fund managers. Wealthstreet was simply a ‘broker’ for these funds. Dragon Fund was simply marketed through WealthStreet who acted as a broker for this fund as well. It is entirely seperate from WealthStreet itself and is managed as a seperate entity by Dave Jones. The sole asset in Dragon Fund (bareland in Airdrie) is currently up for sale. If the land is sold the funds from the sale of the asset should be returned to investors.

The trustees on the fund are actively managing the situation and have significant control even though Dave Jones is the fund Adminstrator. The trustees are not in a postion to gain anything financially are definitely looking out for the best interest of the investors. Now if you are a ‘promissory’ note holder that is another investment I would be very concerned about! Good Luck!”

The problem of course is that I don’t know how to get in touch with these trustees of the Dragon Fund…a Google search has come up empty. Does anyone have any contact information for anyone related to the Dragon Fund? Continue reading What Happened to Wealthstreet and Dave Jones?

Surfacescapes puts Dungeons & Dragons on Surface

Wow..this is just so incredibly geeky and cool. As an old-time D&D player, this strikes a chord with me. If only we had technology like this back in the day…actually, it might not have been quite as much fun now that I think about it. 😉

Kudos to the Microsoft MVP Program People

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I was awarded the MVP recognition this year again for my work in the Windows Mobile world – 12th year running – and the award is really cool. It’s really cool not because it’s a shiny thing I can put on my shelf to make myself feel important (I buy big monitors for that ;-)), but because they’ve implemented a “token” system whereby each year re-awarded MVPs will get a new year slice they can put on top of the previous one. This prevents the tremendous waste of sending out the same award year after year with a new date stamped on it. I think it’s great that the people working on the MVP program came up with such a smart way to reduce waste.

If I Had a Few Million Dollars to Spend…

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Wow…if I had an excess of money and nothing better to spend it on – which is pretty much impossible – I’d definitely snap up one of these Ki homes. Talk about gorgeous design from top to bottom! I’ve never seen such heavily Asian-themed home design before…the photos of the landscaping look like my photos of Japan. I’ve heard of micro-communities before, but this is a new one to me: there are only lots, one home per lot, in this whole development. Maybe they’ll build a sushi restaurant on the way in…

Isn’t Canada Part of North America?

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I don’t tend to have an inferiority complex when it comes to being Canadian, but I do find it amusing the way Canada is so often simply not listed when companies list their localized versions. The above screen-shot is from the NVIDIA site – notice how only Mexico and USA are listed as being part of North America? Where did Canada go? It seems pretty silly that Canada isn’t listed, or at least USA/Canada. Would that really be so hard?

Photos of Logan’s Second Month At Home

Logan’s two months old now! It’s been a fun month for photos as he’s starting to get more expressive and animated. I worked hard to cull the photos and did pretty well for a month of shooting in terms of keeping the collection tight. I also sold my Nikon D60 and bought a Nikon D5000, so I’ve started to play with DSLR video for the first time. It’s been interesting! I really do need to write about that for Digital Home Thoughts…

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Love is Patient: Words Worth Reading

“Love will inspire you to become a patient person.  When you choose to be patient, you respond in a positive way to a negative situation.  You are slow to anger.  You choose to have a long fuse instead of a quick temper.  Rather than being restless and demanding, love helps you settle down and begin extending mercy to those around you.  Patience brings an internal calm during an external storm.

No one likes to be around an impatient person.  It causes you to overreact in angry, foolish and regrettable ways.  The irony of anger toward a wrongful action is that it spawns new wrongs of its own.  Anger almost never makes things better.  In fact, it usually generates additional problems.  But patience stops problems in their tracks.  More than biting your lip, more than clapping a hand over your mouth, patience is a deep breath.  It clears the air.  It stops foolishness from whipping its scorpion tail all over the room.  It is a choice to control your emotions rather than allowing your emotions to control you, and shows discretion instead of returning evil for evil.”

– Excerpt from The Love Dare

I’m starting to go through The Love Dare with my church small group, and the first section is on love being patient. Patience doesn’t always come easily to me, though I have noticed it’s starting to come to the forefront more being a parent – which is a good thing, because I think I’ll need 100x more patience than I have now in order to be a good father to Logan. It’s amazing when I think of how much more patient God is with me than I am with anyone else in His Creation…

100 “Greatest Hits” YouTube Videos in Under 4 Minutes

Warning: some of these will make you cringe…

Such Amazing Generosity: Logan’s First Baby Shower

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Earlier this week Logan has his first baby shower, and Ashley and I were blown away at the generosity shown by the friends and family that attended. Logan received books, toys, and a lot of new clothes. That’s a good thing, because he’s growing so fast he’s already not fitting in many of his newborn clothes – and he’s not quite six weeks old yet! We had him weighed and measured last week, and he was 10 pounds and 22 inches long. Could you imagine gaining 25% of your body weight and 10% of your height in only five weeks? It’s amazing how fast babies grow – and Logan has another 18 years or so of growing to do.

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More funny onesies from my brother – I love ’em!

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