A MUCH Simpler Program!
Some of you might remember that we had to devote most of the first part of our Review of the GoEx program to explaining how the “reinvest” feature of the program works. I didn’t understand it myself at first and it took two long sessions with their very helpful chat agent before I finally thought that I understood it enough to feel comfortable writing about it. After we published our Review, I felt sorry for the many many investors who are not readers of EmilyNews and who might be interested in the program but simply couldn’t “get” how it worked. I also felt sorry for the folks at GoEx as this situation must be losing them a lot of customers.
Well, thankfully, all this is changed. In a TINY news release that was published a few days ago, GoEx announced a HUGE change in its investment program. This will not affect you if you have already invested with them. However, if you are a new investor, here’s how it works; it is SO simple. I can’t help but think that this change will entice many investors who weren’t sure about how the GoEx investment program works to move forward with an investment.
There are actually three investment plans within the overall program although, depending on your point of view, you might regard it all as one investment plan. You decide…
The interest rate you receive depends on the cryptocurrency that you invest with. If you invest with Bitcash, you will receive 0.9% daily for 154 days. If you invest with Bitcoin, this increases to 1% per day. Finally, if you invest with Ethereum, the return increases to 1.1% per day. Like the previous investment program, I am assuming that your investment is not returned at the end of the 154-day period. This is it. Couldn’t be much simpler. You might want to compare this to the previous program as described in the Review.
Now, let’s take a quick look at how profitable this new program will be. For the Bitcash investment plan, since you earn 0.9% per day for 154 days, your total gross interest will be 138.6% (154 x .9). Since this includes your investment, you have to subtract 100% from this to get your total net interest which will be 38.6%. Finally, dividing this by the 154-day length of the plan, you get an average daily net interest (or DNI) of 0.25%. Doing the same calculation for the other two cryptocurrencies, you get the following results:
Coin DNI
BCH 0.25%
BTC 0.35%
ETH 0.45%
Thinking in terms of the average profit that you will receive per WEEK, you simply multiply these numbers by seven. So, for BCH, you get 1.75%. For BTC, you get 2.45%. And, for ETH, you get 3.15%. By HYIP standards where a DNI of less than 1% is rare, these values are quite low. So, we must say that, again by HYIP standards, this is not a very profitable program. However, the flip side of the coin is that these low values for DNI should greatly increase the probability that the program will be a long term survivor.
There are still a few other items to consider. A quick point is that I can’t see why anyone would invest with BCH or BTC if ETH pays more.
It is also useful to take a look at how long it will take these investment plans to break even. You do this by simply dividing 100% by the daily gross interest that a plan offers. Let’s do this for the ETH plan which is the most profitable one and will break even the quickest. Doing the division, you get around 91 days. Three months is a long time in the HYIP world. Perhaps since GoEx offers such modest returns, the company will be around longer than this, ideally much much longer. But, the cautious investor should be aware that, if it take three months to break even, it will take six months to double your money.
A final point in favor of the overall program is that you ARE recovering your investment on a day by day basis since you are receiving a daily return. This is a major improvement over the “reinvest” option of the original GoEx program where all your earnings are held until the program ends. That is probably the riskiest type of investment program of all.
I hope that this information about the new GoEx investment program is helpful to you.
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