SimbWealth Online for Over Six Months.
SimbWealth just posted a brief news release reminding us that they have been online for well over 190 days. They now have the distinction of being the program that has been listed on Emily News for the longest period of time! If we had trophies for this sort of thing, we would be giving one to them right about now. The Admin of SimbWealth has continually said that the program will be around for a long time and, more and more, this appears to be the case. SimbWealth is not as popular as many other HYIPs. However, the number of people investing in it continues to grow at a slow but steady pace. I have a feeling that this is what the Admin is aiming for.
We originally reviewed SimbWealth in May (you can read the review here). Then, in August, SimbWealth made a major revision (a great improvement!) to its investment plans. The revision was so great that we reviewed the program a second time (you can read that review here). The result is that SimbWealth now offers three investment plans that are all long term and fit together in a very nice package. Here is the summary of the plans as we listed it in the August review of the program:
Hi-Tech Industries. 90 days
120% gross earnings
20% net earnings
1.33% daily gross interest
0.22% daily net interest
Min: $10 – Max: $500
Leasing Plan. 180 days
160% gross earnings
60% net earnings
0.89% daily gross interest
0.32% daily net interest
Min: $250 – Max: $1,000
Real Estate. 365 days
250% gross earnings
150% net earnings
0.68% daily gross interest
0.41% daily net interest
Min: $500 – Max: $10,000
As you can see, the 180 day cycle for the Leasing plan is now ending for folks that invested early in it. With 160% gross earnings, an investment of $100 would have paid them a total of $160 over the course of the investment term. Sixty dollars of this would have been pure profit. Compared to many HYIPs, the percent earnings offered by SimbWealth is quite low. However, very few HYIPs survive for six months. I would opt for a survivor rather than the possibility of quick riches with a program that will probably close its doors in a month or two. Of course, this is my personal opinion. The more adventuresome investor will probably disagree with me.
As a quick example, let’s suppose that the guy who turned his $100 into $160 reinvests the total in the same plan a second time. This time around, he would receive a total of $256 by the end of this second term. So, in the course of a year, he would have made a total profit of $156. That’s an annual interest of 156% for the year (156/100 x 100). That sure beats the 1% or 2% you can earn in your conventional bank savings account!
Here’s the news release from SimbWealth:
Leasing Plan terms completed!
Dear Investors & Followers,
Congratulations those who have completed the 6 month cycle. Our leasing plan investors have completed their terms. Have safe spending folks!
Now SIMB has online 194 days! / 347 members! / 200+ active investors!
We are keep growing slowly but steadily!
Sincerely,
SIMB Wealth Management Ltd.
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