RI 90-Day Investment Plans Begin!
You may recall that Renaissance Invest (reviewed here) has three 180-day long investment plans. Well, they just doubled the number and have added three 90-day long plans to their offerings. I suspect that RI investors asked for shorter term investment plans and this is the company’s response. And, they did a great job as far as I’m concerned. The new investment plans have the same nice symmetry as the original plans which I like very much. A very nice surprise is that, like the original three investment plans, you can withdraw your principal at any time. However, for the new plans, there is NO PENALTY. You might remember from the review that early withdrawal of your principal from the 180-day plans came with a fairly stiff penalty.
Here is what the complete list of the RI investment plans looks like now. The new 90-day plans are at the top of the list:
90 Day Plans
0.8% per business day
1.0% per business day
1.2% per business day
180 Day Plans
1.6% per business day
1.8% per business day
2.0% per business day
All six investment plans only pay interest on BUSINESS days. As we discussed in the review, for the 180-calendar day plans, RI uses 129 business days in their calculator to estimate your possible earnings for different investment scenarios. For the new 90-calendar day investment plans, RI uses 64 working days.
In all the RI investment plans your principal is returned at their completion. So, assuming that the program doesn’t close before a plan ends, all of the daily interest earnings are NET earnings (profit). In other words, they are daily net interest, what we at Emily News refer to as DNI. So, the three new programs have the following DNIs:
You may recall that in HYIP Insights #12 (that you can read here), we suggested that programs having DNIs of 1% or less should have a very good chance of long-term survival. Well, these new 90-day plans offered by RI have values that are very close to this and should strengthen the overall program from the point of view of survivability. I feel that this is a significant plus for RI. The DNIs for the three 180-day investment plans were 1.6%, 1.8%, and 2.0%. In that same Insights article, we suggested that programs offering investment plans with DNIs greater than 2% might not be likely to survive in the long term. Again, the new investment plans with lower DNIs will significantly lower the obligation RI has with respect to payment of interest earnings. And, this should help RI to be with us for — hopefully — a very long time.
Usually shorter-term plans offer higher interest rates and, from that point of view, are riskier. RI has done the OPPOSITE of the norm and has come up with shorter-term plans that have LOWER interest rates than their longer-term plans. So, for those of you who might be looking for a conservative investment plan that doesn’t go on forever, these new plans might be exactly what you are looking for…
By the way, in case you haven’t yet discovered it, RI has a very nice introductory video that would be worth your while spending a few minutes to watch. Just click on the word “Introduction” in the RI listing in the Emily News monitor and it will play. Of course, the video is also available on the RI website. Many other programs listed in the Emily News monitor also have introductory videos that you can access there.
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