This program stopped PAYING! Do not invest there!
Overview of Investment Plans.
Although we only listed Gcprofits in the Emily News Monitor a few days ago, it has been online for over two years. It is very unusual for an HYIP to survive for such a long time. According to their online statistics, they have approximately 30,000 registered participants. So, it appears to be a well-established company. In fact, within hours of listing the program on our Monitor, someone signed up as an Emily News referral — before we did a review of the program. So, the word must be out that this is a program to pay attention to. But, just what is Gcprofits? Strangely, all their website says is that they are involved with Forex trading and that they are registered in Seychelles. So, since nothing much has been said, it’s difficult to comment intelligently about the business. Apparently, this is good enough for their 30,000 registered participants. And, if they have been paying reliably for over two years, the implication is that they have a thriving legitimate business behind them. Let’s hope that this is the case.
But, on to the Gcprofits investment plans… And, there are a LOT of them. I will make an attempt to come up with a logical way of comparing them so that the interested investor will be better able to determine which plan might best suit his needs. GcProfits has SEVEN broad investment plans that I will label Plans A, B, C, D, E, F, and G. Each of them contains SIX “sub-plans” (that’s my terminology) which I will label Sub-Plans 1, 2, 3, 4, 5, and 6. There is one exception which is that Plan B only has five sub-plans; it is “missing” Sub-Plan 1, the first sub-plan. So, there is a total of 41 different investment plans! Sounds bewildering? Don’t worry; we’ll make sense out of all this soon.
Each sub-plan corresponds to a different interest rate and the sub-plan you use is determined by the size of your deposit. Naturally, the more you deposit, the higher the interest that you can expect to receive.
Investment Plans A and B.
Let’s take a look at Plan A to see how all this works.
Plan A 8.5% – 20% Daily for 14 Calendar Days
Plan 1 $25 – $1,000 8.5%
Plan 2 $1,001 – $2,000 10%
Plan 3 $2,001 – $5,000 12%
Plan 4 $5,001 – $10,000 14%
Plan 5 $10,001 – $20,000 16%
Plan 6 $20,001 – $50,000 20%
As you can see, Plan A pays between 8.5% and 20% daily for 14 days and the interest you earn will depend on the size of your deposit. For example, if you deposit $500, you will earn 8.5% per day whereas, if you deposit $1,500, you will earn 10% per day. As you can see, these percents get very high for large deposits. It is doubtful that anyone will take advantage of them. But, theoretically, they are available. I suspect that most investors will utilize Sub-Plans 1 or 2.
Plan B is very similar and here is what it looks like:
Plan B 8% -16% Daily for 30 Calendar Days
Plan 2 $1,001 – $2,000 8%
Plan 3 $2,001 – $5,000 10%
Plan 4 $5,001 – $10,000 12%
Plan 5 $10,001 – $20,000 14%
Plan 6 $20,001 – $50,000 16%
There are a number of differences between Plans A and B:
Plan B has a longer term.
The interest rates are different.
The minimum investment for Plan B is higher.
Plan A has six sub-plans and Plan B has five (the first one is “missing”).
There are also a number of similarities:
Both are daily plans.
The ranges for deposits for Sub-Plans 2, 3, 4, 5, and 6 are the same.
Both Plans A and B return your investment as part of your interest earnings. All of the Gcprofits investment plans do this.
Plans C, D, E, F, and G pay your total interest at the end of the investment term rather than on a daily basis. So, they are a different breed of cat. Therefore, let’s make a comparison of Plans A and B first. After that, we’ll discuss the last five plans.
OK, getting back to Plans A and B, let’s compare Sub-Plan 2 for each of them as an example. Here’s what we’ll be comparing:
Plan A. 10% for 14 calendar days
Plan B. 8% for 30 calendar days
As we discussed in HYIP Insights #12, Part 1 (that you can read here), it’s very difficult to compare two different investment plans where BOTH the interest rate and the length of term are different. To solve this problem, the Insights article suggested comparing the Daily Net Interest rate — DNI for short — of the plans. The DNI is simply the average net interest (pure profit) that you make on a daily basis from a given investment plan. So, let’s calculate the DNI for each of these two plans.
For Plan A, you earn a gross daily interest of 10% for 14 days. This comes to a total gross interest of 140% in that time period. Subtracting 100% to account for the fact that this includes your original deposit, you get total NET interest earnings of 40%. Averaging this out over the 14 day period, your DNI comes to 2.86% (40/14). Again, this is an imaginary daily interest rate that will give you the total net interest earnings for the full term of the investment plan.
For Plan B, you have a daily interest of 8% for 30 days. Just like the calculation for Plan A, you would come up with a total gross interest of 240% and a total net interest of 140% for the 30 day time period. Dividing 140 by 30, you get a DNI of 4.67%.
This is MUCH higher than the DNI for Plan A. So, if you don’t mind tying up your money for a one month period, Plan B is definitely the way to go. Remember that we are talking about a net DAILY interest rate. If you decided to invest in Plan A for a second 14 days, nothing would change. Plan B will always be almost twice as lucrative.
I just did a quick calculation on scrap paper of the DNIs for Sub-Plan 3 of Plans A and B. As I suspected Plan B is again the winner. The DNI for Plan A is 4.86% and the DNI for Plan B is 6.67%. These are very high rates of daily net interest. In fact, if you refer to HYIP Insights #14, Part 3 (that you can read here), we suggested that investment plans having a DNI or 2% or higher should be regarded as HIGH interest plans and should also be viewed as high risk plans. If Gcprofits has been paying these interest rates for two years, it is truly a remarkable program. Most programs offering investment plans with a DNI of 2% or higher don’t last very long.
In Part 2 of this Review, we’ll discuss the last five of the Gcprofits investment plans that pay you your earnings at the END of the investment term rather than daily. Stay tuned.
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