Add to an Existing Investment.
Elterro (reviewed here) has just published an update announcing an interesting and unusual feature to its investment program. You can now add funds to your EXISTING investment and, thereby, increase your daily earnings. This is unusual; typically, HYIPs do not allow this and, if a person would like to invest more, they have to begin an entirely new investment at the beginning of a new investment cycle.
We will discuss this more. However, it will be beneficial to recall how the Elterro investment plan works. In case you’ve forgotten, it is very unique — something that I have not previously seen in online HYIPs. In our “First Thoughts” article about Elterro, we introduced the investment plan in the following way.
For the investor,
El-Terrooffers 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.
In case this doesn’t make complete sense, I strongly recommend that you take a look at our review of the program where we did a very detailed analysis of the investment plan.
Returning to the Elterro update, it looks like you can now add to an existing investment at anytime in the 10-week investment period — before the last week. So, for example, if you have $1,000 invested and you are about to begin week number nine, you might add another $1,000 and receive the daily interest corresponding to the ninth and then the tenth weeks of the plan on the total $2,000 amount. Then, at the end of the tenth week, your total investment of $2,000 will be returned to you. So, this amounts to a means of earning a higher rate of daily return over a relatively short time period. This might be attractive to many investors.
Here’s the update from Elterro…
Refill of the active deposit
Now any investor can choose a valid deposit and increase the amount of the investment, immediately receiving the current effective percentage of the accrual on the deposit.
The rules in force when refilling the deposit:
1. The minimum refill amount is $0.1.
2. The amount of the deposit after refill cannot exceed $50000.
3. The period until the end of the deposit must be at least 7 days.
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