The Hooplex Investment Plans.
In our recent “First Thoughts” article about Hooplex, we introduced their investment plans in the following way:
For the investor, Hooplex offers six investment plans. All of them offer a daily return plus return your investment at the conclusion of the plan. It looks like the minimum investment in any of the plans is $50. The plans vary from 30 days long to 180 days, each plan being 30 days longer than the preceding one. Interest rates vary from 0.7% per day up to 1.1% per day, with one exception there being a 0.1% increase in earnings as you move up through the plans. So, as you might expect, the longer-term plans pay the higher interest. This, of course, goes along with the HYIP theme of higher earnings being associated with higher risk investment plans (in this case, the higher risk being the increased length of the plan). It looks like you can withdraw your investment whenever you like. However, there can be severe penalties for doing so — up to 50%. I suspect that very few people will be doing this. There is more to say about the Hooplex investment plans and, when we review the program, we will get into the details as to precisely how the plans work. Finally, we will work a few earnings examples and also attempt to arrive at some conclusions concerning the strong and weak points of the program. Please stand by for the review. It should be ready in a day or two.
Here are additional details about each of the plans as given in the Hooplex website.
Length of Plan Daily Interest
30 days 0.7%
60 days 0.8%
90 days 0.9%
120 days 1.0%
150 days 1.05%
180 days 1.1%
Analysis of the Hooplex Investment Plans.
One of the two quantities that we always determine when analyzing investment plans is the average daily net interest (DNI) that they pay their investors. This, of course, is the average pure profit that you earn from an investment plan on a daily basis. For the type of investment plans offered by Hooplex, there is nothing to calculate in order to determine this quantity. Since your investment is returned to you at the end of the investment plan, and assuming that the program doesn’t close before the end of the plan, the daily earnings that you receive are the daily profit — the DNI — that you receive from the program. We will discuss this important result later on.
Next, let’s take a look at the percent of your investment you will recover by the time each investment plan ends. For example, for the 30-day plan, you receive 0.7% of your investment per day. So, the total percent of your investment that you will recover in the 30-day period will be 21% (.7 x 30). Doing the same calculation for the other five investment plans you get the following results:
Plan Percent of Deposit Received During Plan
30 days 21%
60 days 48%
90 days 81%
120 days 100%
150 days 157.5%
180 days 198%
So, for the first three investment plans, since you only recover a fraction of your investment before they end, you won’t break even until the plan ends and your investment is returned to you then. In the last three investment plans, since you receive more than 100% of your investment as earnings before the plan ends, you will break even before the plan ends. For example, for the 120 day plan, if you divide 100% by the 1% return you receive per day, you see that the plan breaks even in exactly 100 days, Doing the same calculation for the 150 and 180 day plans and also remembering that the 30, 60, and 90 day plans don’t break even until they end, you have the following results:
Plan Breakeven Point
30 days 30 days
60 days 60 days
90 days 90 days
120 days 100 days
150 days 96 days
180 days 91 days
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OK, with this information, we’re ready to discuss the Hooplex investment plans and hopefully come to some conclusions about the strong and weak points of the program. This is what we’ll do in Part 2 of this review. Please stand by. Part 2 should be ready in a day or two.
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