The PrimeTech Investment Plan.
In our recent “First Thoughts” article about PrimeTech, we gave a very complete description of the company’s investment plan. I’ll simply repeat it here…
For the online investor, PrimeTech offers one very easy-to-understand investment plan. It pays 7% daily interest for 30 days and returns your investment as part of your interest returns. The minimum investment is only .001 BTC.
Analysis of the PrimeTech Investment Plan.
When analyzing an investment plan, we typically determine when it breaks even as well as the average daily net interest (DNI) that you will receive from it. In case the term “DNI” is confusing to you, this is simply the total net interest (sometimes we call this “pure profit”) that an investment plan pays you AVERAGED OUT OVER THE LENGTH OF THE PLAN. So, if, on the average, one plan pays you 2% net interest per day and another plan pays you 4% net interest per day, it should be clear that the second investment plan is twice as profitable as the first.
With this as an introduction, let’s first determine the number of days that it will take the PrimeTech investment plan to break even. Dividing 100% by the 7% gross return, you find that you will break even in 15 days — which is halfway through the program. The total GROSS interest that you will receive from PrimeTech equals the daily gross interest of 7% times the 30-day length of the investment plan. The result is 210%. Subtracting 100% from this because it includes your investment, we get that the total NET interest you will receive is 110%. Last, and most important, averaging this out over the 30-day length of the investment plan by dividing by 30, we get a DNI of 3.67%.
In favor of this investment plan is that it has a sensible length (30 days) and that it breaks even very quickly — in only 15 days, which is exactly halfway through the plan. So, breaking this down some more, by the time a week has elapsed, you have recovered half of your investment. Then, after two weeks (15 days), you have broken even. And, after that, everything you earn will be “pure profit.” So, the structure of this investment plan is such that it should appeal to a wide range of investors. In addition, because of the low minimum investment requirement, no one is excluded.
The problem with this investment plan is that it might be TOO nice. With a DNI of 3.67%, the program is promising the investor an average weekly net profit of around 25% (3.67 x 7). In HYIP Insights #12, we suggested that programs offering investment plans with DNIs higher than 2% might be at risk of premature closure. It’s nice to make a lot of money. However, more important might be the ability of an investment program to survive in the long term. So, the potential investor in Primetech should exercise due caution before putting his hard-earned money into this plan.
Of course, this is only our opinion and we would love to be proven wrong. Perhaps the folks at PrimeTech have things worked out such that they are confident in their ability to sustain interest payments at their advertised rate.
I will note that PrimeTech is one of a number of Telegram bots that are becoming increasingly common. Without exception, all of them appear to offer investment rates that are significantly higher than those offered by the classical HYIP. A few of these bots have performed well. Many, unfortunately, have closed prematurely. It would be nice to see a new era in HYIPs that is more profitable than what we have seen in the past — but which also provides the investor with a long-term source of passive income. In HYIP Insights #26, we proposed a number of “Rules” that HYIP administrators should follow. First on the list was a commitment to designing long-lived investment plans — plans that enable the investor to come out ahead while still enabling the program to make reasonable profits. This is the key…
Let’s assume an investment of $500 in the investment plan. Every day you will receive 7% of this or $35 (.07 x 500). You can see that, after 15 days, you will have received $525 (15 x 35) and will have broken even. By the end of the plan, after 30 days, you will have received a total of $1,050 (30 x 35), for a net profit of $550 (1,050 – 500). So, you roughly double your money in 30 days — one month. Seems like a pretty good deal to me.
PrimeTech offers one easy-to-understand investment plan. It is very lucrative, pays interest daily, and breaks even halfway through its 30-day term. Because of the high interest that it pays, it might be a risky venture. So, the program probably will primarily be of interest to the more adventuresome investor. It probably will not be the “cup of tea” for the investor looking for a dependable long-term source of passive income.
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