Second Thoughts on Caribbean Dream.
Caribbean Dream (reviewed here) is now one of the senior programs on our EmilyNews monitor. They have been online since the end of June, a total of almost exactly five months. They listed their program with us within days of going online. If you look over our monitor, you will see that there aren’t very many programs that survive for this length of time. So, they are now in that very special group of programs that are long-term survivors and it might be worthwhile to take a second look at the program in an effort to see why this might be the case.
When we reviewed the Caribbean Dream program, we pointed out a number of very unusual things about the investment plan that they offer. First of all, they only offer ONE investment plan. There are other programs that do this. But, typically, most HYIPs offer three or four, with some offering many many more. However, the thing that really catches a person’s eye are the plan’s modest investment limits. When the program was launched, the minimum investment was $10 and, most surprisingly, the maximum was only $300. In our review, we emphasized how unusual this is because the typical HYIP has very high upper investment limits. And, unfortunately, the more questionable programs do this with the hope of catching a big fish — after which the program will close and the admin will run away with the treasury. So, this raised our opinion of the admin of this program considerably. We did indicate that there would be a good possibility that Caribbean Dream might raise its investment limit and/or add more lucrative investment plans in the future. Although this is still a possibility, all that the program has done is to raise the upper investment limit to a still very modest $500. And, now, rather than limit investment methods to USD via perfect Money, it is also possible to invest in Bitcoin — with a likewise modest upper limit of 0.1 BTC. The investment plan remains unchanged, a very simple-to-understand 1% per business day for 20 business days, your investment being returned at the end of the plan.
We DID make a mistake, however, when we reviewed the program. We indicated that the average daily net interest (DNI) for the investment plan was 1%, the logic being that, since your investment is returned at the end of the plan, all your earnings will be pure profit — assuming the program doesn’t close before the investment plan ends. Well, this would be true if the 1% was paid on a calendar day basis. However, it is paid on business days and, since DNI is based on calendar days, a conversion is necessary. Since there are roughly 22 business days in a 30 calendar day month, 20 business days is approximately equal to 28 calendar days (30/22 x 20). So, if you average out the 20% interest that you receive over a 28 calendar day period, you come up with a DNI of around 0.71% (20/28). On a weekly basis this comes to around 5% profit (7 x .71). These values for DNI and weekly profit are right in tune with our recommendations for a sustainable online investment program and this might be at least part of the reason that Caribbean Dream is still alive and well today (please see HYIP Insights #12 and HYIP Insights #23 for further information on all this).
What does the future hold for Caribbean Dream? Of course, we would never venture to guess on that as the HYIP business IS completely unpredictable. However, they are playing by the rules that we feel make for a long-lived and successful program. So, we are optimistic. And, it is worth noting that Caribbean Dream has one of the neatest websites I have ever seen…
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