This program is now CLOSED! Do not invest there!
Ace of Taste might have the most enjoyable website to read! All those photos of delicious mouth-watering dinners are enough to make anyone drop what they are doing and head out to the nearest restaurant for a night out of wining and dining. Kudos to Ace of Taste for a very “tastefully prepared” website.
But, down to business, Ace of Taste is in the restaurant business. They presently operate a line of more than 15 Chinese restaurants — apparently located in a number of different countries — and they would now like to open additional restaurants that offer premium French and Mediterranean cuisine.
In order to generate funding for this new venture, Ace of taste has set up an online investment program that, essentially, makes investors partners in the business. They have been online for a little over two weeks now. The company, itself, is headquartered in Great Britain with a Chinese national, a Miss Xu Hua Chen, serving as its director. It is claimed that she has the expertise required to make this new period of growth for Ace of Taste a successful one.
Ace of Taste offers four investment plans and their essential features are summarized below:
Intro – 0.75% per day
5 day term
Interest paid daily
$10/$49 min/max deposit
Deposit returned at end of term
Total return: 103.75%
Net profit: 3.75%
Insight – 1.2% per day
10 day term
Interest paid daily
$20/$99 min/max deposit
Deposit returned at end of term
Total return: 112%
Net profit: 12%
Partner – 1.5% per day
15 day term
Interest paid daily
$50/$399 min/max deposit
Deposit returned at end of term
Total return: 122.5%
Net profit: 22.5%
Co-owner – 5.0% per day
42 day term
Interest paid daily
$100/$15,000 min/max deposit
Deposit included in earnings
Total return: 210%
Net return: 110%
The first three plans are similar and all return your principal at the end of the investment term. So, your daily interest earnings are pure profit. In HYIP Insights #12, Part 1 (which you can read here), we devoted a considerable amount of time discussing “daily net interest” and its use in comparing the advertised interest rates of different investment plans. In a word, it is simply the “pure profit” that an investment plan pays on a daily basis. For these three plans, the advertised rate IS the daily net interest since your principal is being returned at the end of the investment term.
The downside of short term plans such as these, that return your principal as a lump sum at their conclusion, is that you won’t be in profit until the plan ends. So, a person has to bite their nails for the entire length of the plan. But, again, the plans are quite short. There are always pros and cons…
In addition, even though the terms of these three plans are relatively short (5, 10, and 15 days), the interest rates are in the range that would go along with a long term investment plan (because, it would take a number of months for a program using these rates to break even if the principal was not being returned at the end of the term). So, these rates are conservative and therefore the plans have a good chance at being sustainable in the long run. This was discussed in HYIP Insights #12, Part 2 (which you can read here).
The fourth investment plan, the Co-owner plan, is a different animal since the principal is returned as part of your interest earnings. This is why the advertised interest rate for this plan is so much higher than the daily net interest rates that are given for the first three plans. But, what is the daily net interest rate for the fourth plan? That’s easy to calculate. You simply take the total net interest of 110% and divide it by 42, the number of days in the plan, to get 2.62%. This is considerably more than the daily net interest for the first three plans. So, this plan is the most profitable one. Of course, this rate is getting a tad high and some investors might have concern for its sustainability. In this type of situation, we can only hope that the folks at Ace of Taste who predicted revenue coming into the company have taken this rather large future obligation into account in their fiscal planning.
A nice feature about these plans is that the minimum deposit to participate in all of them is reasonable, the largest being only $100 for the Co-owner plan. This is very different from many HYIPs in which the typical investor is locked out of the most lucrative plan because the minimum deposit is excessively high. This is a refreshing change from the norm.
So, all of the investment plans offered by Ace of Taste are relatively short term (42 days is the longest) and, for the most part, interest rates are high enough to be attractive but probably low enough to still be sustainable. The classic HYIP dilemma is still here which is that, in order to take advantage of the higher interest rates plans, you have to put your money at risk for longer periods of time. Thankfully, the investment terms are all fairly short.
OK, let’s do a few numerical examples to see how everything works. First we’ll do an example from the first three plans and then we’ll do one from the last plan.
Let’s assume an investment of $200 into the Partner plan that pays 1.5% interest for 15 days, after which your deposit is returned. 1.5% of your deposit is $3 (.015 x 200). So, every day for 15 days you would receive interest earnings of $3. After 15 days, the total that you would have received would be $45 (3 x 15) which is 22.5% (45/200 x 100) of your initial deposit. This is your total net interest. After your deposit is returned, you would have a total gross interest of 122.5% (100 + 22.5). All these numbers check with the summary information given above.
Now let’s take our $200 and deposit it in the Co-owner plan and see what happens. This plan pays you 5% interest daily. But, this time your deposit is returned to you as part of your interest earnings rather than as a lump sum at the end of the investment term. For this example, your daily interest earning would be $10 (0.05 x 200). So, the time for you to break even (to earn back your initial deposit) would be 20 days (200/10). Of course, this time to break even is the same no matter what your investment is because, if you divide 100% by the 5% interest being paid each day, you get the same result (100/5 = 20). By the end of the 42 day term of the investment plan, your total gross earnings would be $420 (42 x 10). This is 210% (420/200 x 100) of your initial deposit. Again, you could get the same result by working with percents, which shows that the result is the same no matter what your investment is. You would simply multiply the daily percent earnings by the number of days in the plan (5 x 42 = 210). To get your total net earnings you would subtract 100% from this to get 110%. Or, if you were working with dollars, you would subtract your initial deposit of $200 from your total gross earnings of $420 to get $220.
Well, I’ve done the arithmetic two different ways for this example just to be sure that it’s completely clear. These little calculations should become second nature to you if you would like to be able to quickly evaluate the pros and cons of any investment program you are thinking of putting your hard-earned money into.
At present, Ace of Taste uses the following payment processors: Bitcoin, AdvancedCash, Perfect Money, Nixmoney, and Payeer. They indicate that, in the future, additional processors might be added.
The FAQ isn’t clear about the minimum withdrawal that is permissible (a second language error, I think). However, the maximum that can be withdrawn with a single request is $5,000. However, there is no indication made of the allowable frequency of such requests (can one be made every minute?).
Deposits are activated instantly with the exception of Bitcoin where some time will be required for the verification process. Withdrawal requests are processed instantly seven days per week. However, withdrawals of $500 and larger are processed manually and may take up to 24 hours. Of course, the Bitcoin verification process will slow down transactions in that currency.
Ace of Taste has an acceptable affiliate program that you can participate in whether or not you have an active deposit with the company. It pays you 5% of deposits made by your direct referrals (first level of your downline) and 2% and 1% on the second and third levels of your downline. If one of your direct referrals deposits $500 or more into the program, you become a “VIP Partner” and earn 7% rather than 5% of these deposits (this higher commission only applies to deposits over $500).
If you have questions for Ace of Taste, there is the standard support form that you can submit. It looks like there might also be live chat. However, at the time I wrote this review, it was offline.
One non-financial area where the website needs improvement is in the use of the English language. It’s quite rough in many places and, in the extreme, a few passages are difficult to understand. We recommend that the Admin of the program refer to HYIP Insights #2 (that can be read here) for advice on this important issue. A poor presentation in any language can easily give an incorrect impression of the legitimacy of an investment program.
Everything considered, Ace of Taste is an interesting company that offers some attractive investment plans. The terms of all the plans are relatively short (42 days is the longest) which will appeal to the investor who doesn’t want to tie up his resources for an extended period of time. So, you might want to make Ace of Taste a part of your investment portfolio. Remember to diversify your investments and to never invest more than you can afford to lose. Good Luck!
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To the Admin: We always welcome comments on our reviews — pro or con — and we will be happy to publish them in the Emily News blog.
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Please don’t forget that you can post your screenshots of payment, scam, or other proofs related to a program by clicking on the “Details” button in the Emily News monitor. Also, don’t forget that you can add your referral link when you post your proofs — another way to build your downline.
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