This project was moved on PROBLEM! Beware at the moment..
The FR Wallet Investment Plan.
In our recent “First Thoughts” article about FR Wallet, we gave a complete description of the program’s investment plan. To refresh your memory, here it is…
For the investor, this Bot offers 2% interest on weekdays and 1% on weekends. This is a “perpetual” investment plan and your deposit will continue to earn interest until you withdraw it. Apparently, you can request part or all of your account balance at any time. The minimum investment is only $10 and there is no maximum.
Analysis of the FR wallet Investment Plan.
Since the investment plan offers different rates of return on weekdays and weekends, we’ll use an average rate in our analysis of the plan. The rate for five days per week is 2% and the rate for 2 days is 1%. So, the total weekly return is 12%. Dividing this by seven, you get an average daily return of 1.71%.
If you divide 100% by this, you get that the FR Wallet investment plan will take roughly 59 days to break even. Let’s call it two months.
When analyzing an investment plan, we usually determine the average daily net interest that the plan pays. This is equal to the total net interest that you receive from the plan divided by the number of days in the plan. Well, for a “perpetual” investment plan, you really have no idea how long the plan will last; it will simply last as long as the program survives. So, the best we can do is assume different survival times for the program and determine the DNI for each of these scenarios.
First of all, let’s assume that the program lasts long enough for you to break even and to start making a profit — two months or so. With that thought in mind, we’ll assume program lifetimes of 90, 120, 150, 180, 360, and 720 days. As you will see, you won’t be making much of a profit until 90 days or so. That’s the reason we’re starting with this amount.
OK, using the average return of 1.71% and multiplying it by our first assumed lifetime for the program of 90 days, you get a total GROSS interest of 153.9%. Subtracting 100% from this because it includes your investment, you get a total NET interest of 53.9%. Finally, averaging this out over the assumed 90-day lifetime of the program by dividing by 90, you get an average daily net interest (DNI) of 0.60%. Repeating this arithmetic for the other assumed lifetimes, you get the following results:
- Program assumed lifetime DNI
- 90 days 0.60%
- 120 days 0.87%
- 150 days 1.04%
- 180 days 1.15%
- 360 days 1.43%
- 720 days 1.57%
Even though this is an easy investment plan to understand, as is true of any “perpetual” plan, there is a lot to discuss about it. So, we’ll postpone our discussion of it until Part 2 of this review. Please stand by. Part 2 will be ready in a day of two.
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