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The Buildon Investment Plans.
In our recent “First Thoughts” article, we summarized the Buildon investment plans in the following way:
For the online investor they offer an array of 10 investment plans, all very similar but paying increasing interest as the initial investment increases. A nice feature of the website is that the investment plans are presented in a very clear and precise manner. All of them are 30 days long and return your investment as part of your earnings. Interest is paid hourly — rather than daily — which is a nice feature if you would like to withdraw your earnings more than once per day. A few quick calculations tell me that these investment plans are very lucrative. We’ll have more to say about them when we review the Buildon program. Please stand by. The review will be ready in a few days.
Here is the complete information about the Buildon investment plans as given in the website. Remember that all plans are 30 days long and pay interest on an hourly basis
Plan Interest Investment Limits
#1 .3% .001 – .050 BTC
#2 .35% .051 – .100 BTC
#3 .4% .101 – .250 BTC
#4 .45% .251 – .500 BTC
#5 .5% .501 – 1.000 BTC
#6 .6% 1.001 – 2.500 BTC
#7 .7% 2.501 – 5.000 BTC
#8 .8% 5.001 – 10.000 BTC
#9 .9% 10.001 – 25.000 BTC
#10 1% 25.001 – 50.000 BTC
I prefer to think in term of daily rather that hourly interest rates. So, multiplying the hourly rates by 24, here’s what we have for daily rates:
Plan Daily Interest
Analysis of the Buildon Investment Plans.
Before going further, I think it would be a good idea to think about the investment limits for the various Buildon investment plans. Assuming that one Bitcoin is roughly worth $8,000, you can see that the investment limits for some of the investment plans are extremely high. As you may already know, we discourage people from putting large sums of money into ANY online investment program unless the program can positively prove that it is as reliable as a bank or as a corporation that you might want to buy stock shares from. Sadly, few, if any, online investment programs are in this category.
So, with this idea in mind, we will only give further attention to the first four of the Buildon investment plans. Beginning with Plan #5, an investment of a half Bitcoin is required which is in the neighborhood of $4,000. We feel this is s bit high to risk on ANY online investment program. However, the choice, of course, is yours to make. You can repeat the analysis that we will go through here for the first four of the investment plans for any of the other plans on the list to determine similar information for them.
First, let’s determine how long it takes for each of the investment plans to break even. For Plan #1, dividing 100% by the 7.2% of your investment that you recover every day, you find that it will take 14 days to break even. Repeating this division for the other three investment plans that we are considering, we come up with the following results:
Plan Days to Break Even
#1 14 days
#2 12 days
#3 11 days
#4 10 days
Actually, since interest is paid hourly, the investment plans will break even a few hours short of the numbers of days indicated above. However, let’s try to think in broad terms and not get overly precise.
Next, let’s determine the average daily net interest (DNI) that you can earn from each of these investment plans. DNI is simply the total net interest (the profit that goes into your pocket) averaged out over the length of the investment plan. Obviously, if one plan pays you an average net interest of 3% per day and another pays you only 1%, the first plan is three times as profitable. So, it is very useful to know the DNI for an investment plan. As we will see when we determine DNI, since it depends BOTH the daily gross interest that is paid AS WELL AS the length of an investment plan, it is the single quantity that gives the correct measure of an investment plan’s profitability (and risk).
With this as an introduction, for Plan #1, the total GROSS interest that you will earn will be the daily gross interest of 7.2% times the 30-day length of the plan, or 216%. Subtracting 100% from this because it includes your investment, you get a total NET interest of 116%. Finally, averaging this out over the 30-day length of the investment plan by dividing 116% by 30, you get an average daily net interest (DNI) of 3.97%. Doing these same calculations for the other three investment plans, you get the following:
In Part 2 of this review we’ll take a close look at these results in an effort to determine the pros and cons of the Buildon investment program — and maybe come up with some useful conclusions for the online investor. Please stand by. Part 2 should be ready in a few days…
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