Only a few days ago, we reviewed BitTank (read it here) and, a month or so ago, we reviewed Simbwealth for the second time (read it here). You might recall from that review, that SimbWealth did a major revision of its investment plans and the changes were so great that we decided another review was necessary in order to keep our readers up to speed on what the program offers.
Both of these programs offer three investment plans and all of the plans are in the low to medium interest bracket. This implies that they are all long-term plans. You may recall that our reviews of both these programs were very favorable. The set of three plans for each of the programs fits nicely together offering the investor a fairly decent array of investment opportunities. In both cases, the minimum investments for all of the investment plans are reasonable so that serious investors have the opportunity to try all the programs that are offered. Both programs avoid the all-too-common HYIP trick of offering an obscenely high interest investment plan that requires an equally high minimum investment. In my reviews, I pointed out that this is a favorable feature of both of the programs that helps to improve their credibility as a legitimate investment opportunities.
So, each program by itself appears to be among the very best that we have reviewed. But, how do the programs compare to one another? That’s what this HYIP Battles #4 is all about. In this article we’ll try to point out differences between the investment plans that the two programs offer and, if there are pros and cons, let you know how we feel about them. This will be interesting because, as I already noted, these both appear to be very good programs.
To save you the trouble of going back to the reviews of these programs, I’m going to repeat here the summary information for each of the three investment plans that they offer:
Hi-Tech Industries. 90 days
1.33%/day
Total gross interest = 120%
Total net interest = 20%
DNI = 0.22%
$10 – $500
Break even in 75 days (2.5 months)
Leasing Plan. 180 days
0.89%/day
Total gross interest = 160%
Total net interest = 60%
DNI = 0.32%
$250 – $1,000
Break even in 112 days (3.7 months)
Real Estate. 365 days
0.68%/day
Total gross interest = 250%
Total net interest = 150%
DNI = 0.41%
$500 – $10,000
Break even in 147 days (4.9 months)
Simple Miner. 365 days
0.96%/day
Total gross interest = 350%
Total net interest = 250%
DNI = 0.68%
$5 – $349
Break even in 105 days (3.5 months)
Standard Miner. 365 days
1.44%/day
Total gross interest = 526%
Total net interest = 426%
DNI = 1.17%
$350 – $1,949
Break even in 70 days (2.3 months)
Advance Miner. 365 days
2.16%/day
Total gross interest = 788%
Total net interest = 688%
DNI = 1.88%
$1,950 – $36,000
Break even in 47 days (1.6 months)
For the sake of review, let’s go over the last one of these investment plans to see where all these numbers came from. Actually, all you need to know is the gross interest per day and the investment term (and the min and max investments) and you can quickly get all the other numbers. OK, for the Advance Miner plan, multiplying the daily gross interest of 2.16% by 365 days, the length of the plan, you get the total gross interest for the plan of 788% (2.16 x 365). Subtracting 100% because your principal is returned with your interest, you get a total net interest of 688%. Finally, dividing this by 365 days, you get an average daily net interest (DNI) for the plan of 1.88% (688/365). To get the number of days for the plan to break even, you divide 100% by the gross daily interest of 2.16% to get around 47 days (100/2.16). If you want, you can divide this by 30 to get the breakeven point in months or 1.6 months (47/30). That’s about it for the arithmetic. We have gone over all this lots of times in the Emily News blog. If you’re getting bored hearing me repeat myself, that’s a good sign that everything is perfectly clear to you!
Now that we have all the background information in front of us, we’re ready to compare the two programs. In Part 2 of this “Battle,” coming up very soon, we’ll get into that…
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