The GoEx Investment Plans.

In our recent “First Thoughts” article (that you can read here) about GoEx, we summarized their investment plans as follows:

GoEx has a single investment program that, at first reading, you will probably find hard to understand because it uses investment terminology in a very unusual way.  The basic program pays 0.8% interest per day for 189 days (27 weeks) for a total gross interest of around 151% (.8 x 189).  Your investment is not returned at the end of the investment term.  Then, the website explains that you can choose their “reinvest” option and the interest rate will increase to 1.37% per day for 126 days (18 weeks).  Here’s where the terminology is confusing.  It took a call to the GoEx online chat to clarify this for me.  “Reinvest” does NOT mean that your earnings will be reinvested or compounded or anything like that.  It simply means that your earnings will not be paid to you until the end of the investment program term.  So, in this version of the investment plan, you aren’t earning daily interest at all.  It is actually a completely different investment plan that returns your total earnings when it ends.  In this case, the total gross interest that you will receive at the end of the plan will be 126 days times the “daily” rate of 1.37% per day or around 172%.

Based on this introduction, I would summarize the TWO GoEx investment plans as follows:

Plan A
0.8% daily for 189 days (27 weeks)
0.01BTC and up (different minimums for other currencies)
Investment included in earnings

Plan B
172% after 126 days (18 weeks)
0.01BTC and up (different minimums for other currencies)
Investment included in earnings

Just a few minutes ago I had a second chat with the GoEx chat agent as there were still some details of the investment plans that weren’t clear to me.  What I learned is that you ALWAYS start out in Plan A, but that you can switch to plan B (reinvest) at any thine thereafter — before nine weeks have gone by.  As soon as you make this change, the total length of the investment plan decreases from 27 weeks to 18 weeks and, after the 18 weeks are up, your deposit becomes inactive.

Let’s look at a few examples of how this would work out:

Case 1.  No change to Plan B.  You receive 0.8% daily for 27 weeks.

Case 2.  You “reinvest” immediately.  You receive 1.37% daily for 18 weeks and then your deposit becomes inactive.  However, your earnings are frozen and paid to you at the end of the 18-week period (the end of the investment plan).

Case 3.  You “reinvest” after three weeks.  You receive 0.8% daily for three weeks.  Then you receive 1.37% daily for 15 weeks and after that your deposit becomes inactive.  However, these earnings (at 1.37% per day) are frozen and paid to you at the end of the 15-week period (the end of the investment plan).

Case 4.  You “reinvest” after six weeks.    You receive 0.8% daily for six weeks.  Then you receive 1.37% daily for 12 weeks and after that your deposit becomes inactive.  However, these earnings (at 1.37% per day) are frozen and paid to you at the end of the 12-week period (the end of the investment plan).

Analysis of the GOEx Investment Plans.

You can see from the above that there is a wide variety of ways that this investment plan could go depending on when you decide to switch from Plan A to Plan B (reinvest).  Let’s take a look at the two extreme cases:

Plan A.  You do NOT “reinvest” at all.
Plan B.  You “reinvest” immediately.

In Plan A, if you receive a gross interest of 0.8% daily for 189 days, the total gross interest that you will receive will be 151.2% (.8 x 189).  Subtracting 100% from this, you get a total net interest of 51.2%.  Finally, dividing this by the 189-day length of the plan, you get a daily net interest (or DNI) of 0.27% (51.2/189).

In Plan B, since you receive a daily gross interest of 1.37% for 126 days, your total gross interest would be 172.62% (1.37 x 126).  Subtracting 100% from this you get a total net interest of 72.62%.  Finally, dividing this by the 126-day length of the plan, you get a DNI of 0.58% (72.62/126).

Let’s quickly take a look at how long it takes to break even in these two cases.   To determine when you break even, you simply divide 100% by the daily gross interest that you receive.  For Plan A, since you receive 0.8% interest per day, you would break even in 125 days (100/.8).  Since the plan is 189 days long, you would be receiving “pure profit” from days 126 through 189.  For Plan B, since you don’t see any of your earnings until the end of the plan, that’s when you will break even — after 126 days.  It turns out that this is almost the same as the 125-day break even point for Plan A.

In Part 2 of this review we’ll offer a few comments on these investment plans and on the financial aspects of the program in general.  We should be able to get to Part 2 in the next day of two.  This is a VERY unusual investment plan and it took a few long chats with the GoEx chat agent in order for me to be able to understand it.  If you are as confused as I was when I first read the explanation of it in the website, I hope that this two-part review will clarify things for you.

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