Chinese Translation of Website Added.
Elterro (reviewed here) just announced that they have enabled a feature (in your account) so that you can conveniently reinvest your earnings. Investors that are fond of compounding their earnings will like this! Unrelated to this, Elterro also announced that a Chinese translation of their website is now available. A wise move as China might be the country with the largest population in the world (I’m not sure if India has caught up yet!). So, this brief update covered two very important items.
Here’s the update…
Reinvestment with internal balance and Chinese
The possibility of reinvesting from internal balance is enabled.
Opening deposits again has become much more convenient, now it takes a few seconds.
Button “Reinvest” is available to all investors in your account.
Added Chinese, for the convenience of numerous investors from China.
In case you’ve forgotten, Elterro has a very unique investment plan. In our “First Thoughts” article, we introduced it in the following way:
For the investor, Elterro offers a single — but very unique — investment plan. You can choose an investment amount of anywhere from $50 up to $25,000, as well as the term of the investment plan. The unique part of the investment plan is that during the first week you earn 1.1% per day; during the second you earn 1.2% per day; during the third you earn 1.3% per day, etc. all the way up to a maximum of 10 weeks when you will earn a full 2% per day. On top of this, it appears that your investment will be returned to you after the conclusion of the term (length) that you have chosen. I have not seen this type of investment plan before and it will be interesting to analyze it and compare it with other online investment programs we have encountered in the past.
Our review of Elterro goes into a great amount of detail about this plan. Here is our concluding statement from the review:
The Elterro online investment program offers a single very unique investment plan. Returns are not tied to the amount invested and the investor can choose the length of the investment plan — anywhere from one to 10 weeks. Finally, the longer the length of the plan, the higher the return — a definite incentive for the investor to opt for longer versions of the plan. Returns are such that all versions of the investment plan are profitable but not so profitable that the survivability of the program would appear to be at unusual risk. With wise management on the part of the program administrators, this program would appear to have the potential to be a long-term survivor.
Finally, in case you’ve missed it, Elterro has been having lotteries that appear to award prizes to depositors based on selection by means of a random number generator. Please check the Elterro “News” page for more info on this.
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