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The WaveRider Investment Plans.

In our recent “First Thoughts” article about WaveRider, we provided a fairly detailed summary of the two investment plans that the company offers.  For your reference, I’ll repeat it here.

For the investor, WaveRider offers two very different investment plans.  The first plan, called SwiftRide, pays 2.7% per day on work days and runs for 14 calendar days (so you receive interest for 10 days).  It returns your investment at the end of the 14-day period, along with a 2.7% deposit bonus — which apparently is a limited time feature that I have not heard of in an online investment plan.  The second plan, called WaveRide, pays 5.4% per day on calendar days and runs for 28 calendar days (twice as long as the SwiftRide plan).  Your investment is returned as part of your interest payments and, like the SwiftRide plan, this plan also provides deposit bonus, in this case 5.4% of your investment.  In the both cases, you probably have noticed that the bonus equals an extra day’s interest.  Investment limits are the same for both investment plans — $10 through $10,000.  So, both plans are equally accessible to all online investors.  Finally, a quick calculation tells me that both of these investment plans are lucrative, but not to the point that returns might be impossible for the company to sustain on a long-term basis.

Here’s this information again in fewer words:

SwiftRide Plan
2.7% daily on work days (for 14 calendar days)
$10 – $10,000
Investment returned at end of plan

WaveRide Plan
5.4% daily for 28 calendar days
$10 – $10,000
Investment included as part of your earnings

Analysis of the WaveRider Investment Plans.

As usual, we’ll begin our analysis of the investment plans by determining when each of them breaks even.  For the SwiftRide Plan, I don’t think that you will break even until the plan ends and your investment is returned.  Let’s check this.  Since you receive 10 business day payments of 2.7% over the course of the 14 calendar day program, the total that you receive will be 27% (10 x 2.7).  Adding the 2.7% deposit bonus, you get a grand total of 29.7%.  This, of course is a LOT less than the 100% you will need to break even.  So, as we expected, for the SwiftRide Plan, you don’t break even until your investment is returned when the plan ends after 14 calendar days.

For the WaveRide Plan, we would normally determine the days to break even by dividing 100% by the percent earnings you receive every calendar day.  However, in this case, since you immediately receive a 5.4% bonus, that decreases the 100% by 5.4% to 94.6% that we have to recover with our daily earnings before breaking even.  So, dividing 94.6% by 5.4%, we find that this plan breaks even in 18 days, which is only four days longer than the length of the SwiftRide Plan.

Next, let’s determine the average daily net interest (DNI) that you will earn from each of these two investment plans.  For the SwiftRide Plan, we already determined that your earnings from the plan will be 29.7%.  Since your investment is returned to you at the end of the plan, you can say that these earnings are profit.  So, averaging the 29.7% out over the length of the plan by dividing by the 14 calendar day length of the plan, you get an average daily net interest (DNI) of 2.12%.

For the WaveRide Plan, your total gross earnings will be the daily gross return of 5.4% times the 28 calendar day length of the plan.  The result will be 151.2%.  Adding the 5.4% bonus, you get a grand total for gross earnings of 156.6%.  This figure includes your investment.  So, you must subtract 100% from it to get your total net interest which would be 56.6%.  Finally, averaging this out over the 28-day length of the plan by dividing by 28, we get a DNI of 2.02%.

So, here are the results of our little analysis of these two investment plans:

Plan                 Break Even      DNI

SwiftRide         14 days            2.12%
WaveRide        20 days            2.02%

In Part 2 of this review of the WaveRider program, we’ll take a closer look at these results in an effort to nail down the pros and cons of this program.  We’ll also work a few numerical examples so that you can get a feel for earnings that you might receive from the two investment plans.  I’m not expecting any bad surprises!  Please stand by.  Part 2 should be ready in a few days…


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