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The Jetty Investment Plans.
Let’s begin by repeating what we said in our “First Thoughts” article about the Jetty investment plans:
Jetty is an unusual program in that they make no mention of a business that is the means of generating the funds that they use to pay their investors. However, this doesn’t mean that there is none. Whatever the case, the thrust of the website is a description of their investment program. Very briefly, it consists of three easy-to-understand short-term investment plans. They are 4, 7, and 11 days long and all of them pay interest on an hourly basis. Your investment is returned as part of your earnings, which is a feature that we always like because the amount of your funds that are at risk quickly decreases as the plan progresses. The minimum investment for the 4 and 7-day plans is only $10 and for the 11-day plan it is $500. This is a little bit high but should not be out of reach for the serious investor. Hourly interest rates are 1.15%, 0.77%, and 0.59% for the three investment plans. Does it look like the 4-day plan is the most profitable one? Don’t be tricked! Remember that profitability depends on BOTH interest paid and length of a plan. We’ll discuss all this in detail when we review the program. Please stand by. The review should be ready in a few days…
Here’s everything again in brief summary form:
1.15% per hour for 96 hours OR 27.60% per day for 4 days
$10 – $50,000
0.77% per hour for 168 hours OR 18.48% per day for 7 days
$10 – $50,000
0.59% per hour for 264 hours OR 14.16% per day for 11 days
$500 – $50,000
Analysis of the Jetty Investment Plans.
Let’s start our analyses by determining how long it will take each of the three investment plans to break even. Since these are all fairly short plans and they pay interest on an hourly basis, we’ll deviate from our normal practice of determining breakeven points in days and determine them in hours instead. So, for the Shorty Plan, if we divide 100% by the hourly interest rate of 1.15%, we get that the plan will break even in 87 hours. Of course, we could divide this by 24 to get that the plan breaks even in roughly 3.6 days. If you do the same arithmetic for the other two plans, you get the following results:
Plan Breakeven Point
Shorty 87 hours (3.6 days)
Smarty 130 hours (5.4 days)
Luxxy 169 hours (7.1 days)
Next, let’s determine the average daily net interest (DNI) that each of the three investment plans pays you. In this case, since we’re talking about DAILY net interest, we’ll use the DAILY gross interests that the plans pay (rather than hourly rates) to get our results. The first step is to determine the total gross interest. This will equal the daily gross interest of 27.60% times the four-day length of the plan or 110.4%. Subtracting 100% from this because it includes our investment, we get a total net interest of 10.4%. Finally, dividing this result by the four-day length of the plan, you get an average daily net interest of 2.60%. Repeating these calculations for the other two investment plans, you get the following results:
OK, this is all we’ll do for now. In Part 2 of the review of the Jetty investment program, which should be published in a few days, we’ll discuss these results in an effort to arrive at conclusions concerning the pros and cons of this investment program. Please stand by…
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