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News Commentary #1,039 – Appco First Thoughts

First Thoughts on Appco.

Appco just began a “Gold” listing on the EmilyNews Monitor.  They are a brand-new investment company and we appreciate the fact that they have chosen to list their program with us from the beginning of their online presence. 

According to their website, Appco claims to generate their revenue by investing in new companies that are developing “apps” for cellular phones.  Needless to say, some of these companies turn out to be very successful and investors who were wise (lucky?) enough to put some money into them can come out way ahead.  This is what Appco claims to do.  The website puts it this way:

Appco gives you the unique opportunity to invest in tech startups before they become giants, our business model is simple, we discover fresh startups with unique ideas, fund the development of their applications and when the application becomes mainstream and starts generating income, we get returns on our investment and use these returns to pay our investors who contributed the funds.

For the investor, Appco offers two very different investment plans.  One pays 4.375% interest per hour for 24 hours (one day), for a total gross return of 105%.  The other pays 0.125% interest per hour (3% per day) — forever.  You can opt out of the “forever” plan by forfeiting 10% of your deposit.  So, one investment plan is extremely short while the other is “infinitely” long.  An interesting combination…

We will have a lot more to say about these investment plans when we review the program.  Please stand by.  Our review will be published in a day or two.   

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