This project was moved on CLOSED! Beware and do NOT invest there anymore..
Introduction.
Cameo Funds Limited (Cameo for short) got off to a rough start. We originally published a “First Thoughts” article about them on March 12 (read it here). Shortly after that, the program experienced a severe hacking attack that forced them to close their doors for a while. It appears, however, that the program has recovered, settled accounts with investors, and is back online — but in a slightly different form that previously. Specifically, for the investor, the investment plans that the company offers have changed. We’ll begin our review with a discussion of these new plans.
The Cameo Funds Limited Investment Plans.
Here are the five Cameo investment plans. All of them have a maximum investment limit if $150,000.
- Prep Plan
- 11% daily for 12 working days
- $10 minimum
- Principal included
- Basic Plan
- 116% after 3 days
- $250 minimum
- High Plan
- 125% after 5 days
- $2,000 minimum
- Top Plan
- 130% after 5 days
- $5,000 minimum
- Elites Plan
- 135% after 5 days
- $7,500 minimum
Analysis of the Cameo Funds Investment Plans.
A quick look at the Cameo investment plan lineup reveals that there are two TYPES of plans. The Prep Plan provides a daily return that includes both your interest and your principal. The remaining four plans pay both your interest and return your principal as a lump sum at the conclusion of the plan. We refer to the latter type of plans as “after” plans.
Looking first at the Prep Plan, let’s first convert the 12 working day period to calendar days. Since there are roughly 22 working days in a 30 calendar day month, you can multiply 12 by a conversion factor of 30/22 to get the number of calendar days. The result is roughly 17 calendar days. This is approximate and a precise answer is only possible if we know on which day of the week a deposit is made. However, for our purposes here, this approximation is good enough.
Next, let’s see how long it will take this investment plan to break even. Dividing 100% by the 11% daily return, you find that it will take around 10 working days to break even. Multiplying this by the same 30/22 conversion factor, you find that it will take around 14 calendar days. Again, I emphasize that this is approximate.
The total gross interest from this investment plan will be the daily return of 11% times the 12 working day investment period, or 132%. Since this includes your investment, the total net interest that you will earn from this plan will be 100% less, or 32%. Averaging this out over the number of CALENDAR days in the investment plan, you get an average daily net interest (DNI) of 1.89% (32/17).
Let’s now turn our attention to the four “after” investment plans. Since they don’t pay a return until they end, that is obviously when they each plan will break even. Focusing on the Basic Plan, the total net interest that you will receive will be 16%. If you average this out over the three day length of the plan, you get a DNI of 5.33% (16/3). Doing the same arithmetic for the other three “after” plans, you get the following results:
- Plan DNI
- Basic 5.33%
- High 5%
- Top 6%
- Elites 7%
Did you notice something surprising here? The Basic Plan is MORE PROFITABLE than the High Plan.
We’ll discuss the results of our analysis of the Cameo investment plans in Part 2 or our review of the program. Please stand by. In Part 2 we will try to nail down the pros and cons of these plans and, hopefully, be able to draw conclusions that will be useful to the online investor. Part 2 should be in print within the next day or two.
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