This program has STOPPED paying! Do not invest there!
A few days ago we published a brief “First Thoughts” article about BistInvest (that you can read here). In it we noted that, although the program only recently began a listing on the Emily News monitor, it has actually been online for around four months. So, it already has a track record of survival behind it. In the article, we also noted that the BistInvest website doesn’t tell too much about the activities of the company other than that it’s involved with investment management and that this doesn’t help the potential investor with the decision of whether or not to invest. However, on the plus side, we emphasized the fact that the company DOES have an online track record and that this might be enough of an enticement to attract additional investors to their program. Please also refer to News Commentary #194 (you can read it here) for information on changes made in the BistInvest program since the First Thoughts article was published.
To repeat something I wrote in the First Thoughts article,
I would like to call your attention to the informational video on BistInvest that you can very conveniently access by simply clicking on the small video screen icon on the BistInvest listing in the Emily News monitor. This is a new feature of Emily News and, if you browse through the monitor listings, you will see that many of the programs have such videos. They are a really quick way to get an overview of these programs. We hope that you will take advantage of them. Looking at videos is a lot more fun that turning pages in a website!
The BistInvest Investment Plans.
BistInvest has three investment plans. All of them return your principal at the end of the plan and all of them pay daily interest on WORKDAYS — five days per week. Here is the information on the three investment plans as provided in the BistInvest website.
1%/day for 10 working days
$10 – $1,000
2%/day for 20 working days
$200 – $20,000
3%/day for 30 working days
$3,000 – $300,000
The first thing we should clarify is the number of calendar days each plan runs for. On the average, there are 22 working days per month. So, for the Bist Pre plan, you would divide 10 (the number of working days in the plan) by 22 (the number of working days in a month) to get the number of months in the program. Doing this, we find that the plan is roughly 0.45 months long. Taking a month to be 30 days long, the Bist Pre plan will therefore be around 14 days long (.45 x 30). You can do the same arithmetic for the other two plans and you will wind up with the following results:
14 calendar days (0.45 months)
28 calendar days (0.91 months)
41 calendar days (1.36 months)
We normally think in terms of calendar days (or months). So, these numbers might be more meaningful when considering the pros and cons of the BistInvest investment plans.
Next, let’s look at how long it takes each of these plans to break even. This is very easy to determine. You simply divide 100% by the percent daily interest you are paid. So, for the Bist Pre plan, you would break even in 100 days (100/1). Well, the plan is only 10 days long. So, you WON’T break even during the plan. You will have to wait till your principal is refunded at the end of the plan to see a profit. For the Bist Pro plan, you will break even in 50 days (100/2) which again is longer than the plan. For the Bist VIP plan, you will break even in 34 days (100/3). So, the third plan also won’t break even during the plan. In summary, for all the plans, you will have to wait till your investment is returned at the end of the plan in order to realize a profit.
A final thing to notice about the BistInvest investment plans is that the first two are affordable to most people with minimum investments of $10 and $200. The third plan, the Bist VIP plan, with a minimum investment of $3,000, is probably reserved for the more wealthy online investors.
If one of the paying programs on our Monitor appeals to you, please support Emily News by registering for it on our website. Thanks very very much!
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