This program moved to CLOSED! Do not invest there!
Analysis of the True-Chain Investment Plans (continued).
In Part 1 of this review, we summarized information about each of the True-Chain investment plans and then determined the number of calendar days for each of them to break even. In this part of the review, I’d like to continue our analysis of the plans and determine the average daily net interest (DNI) that each of them pays you. To begin, let’s repeat the summary information about each of the True-Chain investment plans…
Plan #1
1.70% daily on calendar days forever
$1 – $999
Plan #2
2.42% daily on calendar days forever
$1,000 – $9,999
Plan #3
3.14% daily on calendar days forever
$10,000 – $100,000
Plan #4
175% after 15 working days
$5 – $1,999
Plan #5
3.5% daily for 20 working days
Investment returned at conclusion of plan
$30 – $149
Plan #6
6% daily for 25 working days
Investment returned as part of earnings
$20 -$49
Determining DNI for a “perpetual” investment plan is always a problem because the length of the investment plan is an unknown (you don’t know how long the investment program will survive). So, to at least get a ball-park feel for the profitability (and risk!) of such a plan, the best we can do is assume a lifetime for it. This is the approach we will take in determining DNI for True-Chain Plans #1, #2, and #3. Specifically, let’s assume lifetimes of 180, 270, and 360 calendar days.
Let’s begin by taking a look at Plan #1, assuming that the program will survive for 180 days. Based on this assumption, the total gross interest that an investor would receive from the plan would be the daily gross interest of 1.7% times the 180-day assumed investment period. This comes to a total gross interest of 306%. In order to get the total net interest (total profit), you must subtract 100% from this to account for the fact that it includes your investment. So, the total net interest will be 206%. Finally, dividing this by the 180-day assumed length of the plan, you get an average daily net interest (DNI) of 1.14%. Doing the same arithmetic for the 270 and 360 days assumed lengths of the plan, you would get the following values for DNI:
Plan #1
Length of Plan DNI
180 days 1.14%
270 days 1.33%
360 days 1.42%
As the assumed length of the investment plan increases, the DNI of the plan will likewise increase. The limit will be the daily gross interest of 1.7% that the plan pays. We are not going to bother to calculate how long it will take the plan to provide a daily interest return at this level.
OK, this same set of calculations can also be done for Plans #2 and #3. Here are the results that you would get if you went through this arithmetic:
Plan #2
Length of Plan DNI
180 days 1.86%
270 days 2.05%
360 days 2.14%
Plan #3
Length of Plan DNI
180 days 2.58%
270 days 2.77%
360 days 2.86%
Again, you can see that, as the length of survival of the program increases, the DNI of each plan will likewise increase.
Now let’s take a look at Plan #4. This plan pays you 75% total net profit after 15 working days. As we found out when determining the breakeven point for this plan, 15 working days is roughly equal to 21 calendar days. So, dividing the total net interest of 75% by the length of the plan in calendar days, you get an average daily net interest or DNI of 3.57%.
Next, for Plan #5, since all of your investment is returned to you at the end of the investment plan, you can consider your daily profit to be NET profit — assuming that the program survives until the end of the investment plan. We will make this assumption and, on that basis, the total net interest that you will receive from the investment plan will be the daily net interest of 3.5% times the 20 working days in the plan. The result is 70%. Again, converting 20 working days to calendar days, we have that the plan is 28 calendar days long. Finally, dividing the total net interest of 70% by the 28 calendar day length of the plan, we get a DNI of around 2.50%.
Lastly, let’s take a look at Plan #6. In this case we are receiving a daily gross interest of 6% for 25 working days for a total gross interest return of 150%. Since this includes your investment, the total net interest would be 100% less than this or 50%. Converting the 25 working day period to calendar days, we get that the plan is around 35 days long. Finally, dividing the total net return of 50% by the 35 calendar day length of the plan, we get a DNI of around 1.43%.
You can see that we have results “all over the map.” In Part 3 of this review of the True-Chain investment program, which will be the final part of the review, we will attempt to make sense out of all this and to nail down the pros and cons of this rather unusual investment program. We thank you for your patience in reading through all this. However, there are no short cuts if we are going to cover all the bases. Our objective in these reviews is to strip the confusion away from investment plans to make them clear and understandable to all of our readers. I hope that we are being successful in this regard.
Please stand by for Part 3 of the review…
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