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The True-Chain Investment Plans.
In our recent “First Thoughts” article about True-Chain (that you can read here), we summarized their six investment plans in the following way. This will serve as a good introduction to them.
Briefly stated, there are six investment plans. Three of them pay interest on a daily basis and your earnings continue forever; one of them pays both your earnings and returns your investment at the end of the plan; one of them pays interest daily and returns your investment at the end of the plan; and the last pays both your earnings and returns your investment on a daily basis. It is quite a diverse offering on investment plans. There is truly something for everyone! A unique feature of this array of six investment plans is that the minimum investment for four of them is less than $100. This is unusual in the HYIP business…
Now let’s look at the plans in more detail…
First, here is the information on the three “perpetual” investment plans. Remember, in the HYIP business, we call investment plans that propose to pay you interest returns on your investment forever as “perpetual” investment plans.
Plan #1
1.70% daily on calendar days
$1 – $999
Plan #2
2.42% daily on calendar days
$1,000 – $9,999
Plan #3
3.14% daily on calendar days
$10,000 – $100,000
If you compare this information with what is given in the website, you can see that it is SO much simpler. It is always a good idea to describe things in the most concise way possible as it is easier for the first-time reader to understand.
Next comes the investment plan that pays both your earnings and returns your investment at the conclusion of the plan. It can be summarized in the following way:
Plan #4
175% after 15 working days
$5 – $1,999
Next is the plan that pays you a daily interest and also returns your investment at the conclusion of the plan:
Plan #5
3.5% daily for 20 working days
Investment returned at conclusion of plan
$30 – $149
Finally, there is the plan that returns your investment as part of your daily earnings:
Plan #6
6% daily for 25 working days
Investment returned as part of earnings
$20 -$49
Analysis of the True-Chain Investment Plans.
We will have a bit of work to do in this section. “Perpetual” investment plans are a bit difficult to understand since we don’t know the term of the plan (we don’t know how long the program will last although, of course, we hope this will be for a long long time). Next, three of the plans use calendar days while the other three use working days (I verified this with True-Chain support). This is an added complication.
Typically, when we analyze investment plans, we determine how long it will take them to break even and also what the average daily net interest (DNI) or profit is that we can learn from them.
Let’s begin with a determination of breakeven points; that’s the easy part…
For Plan #1, the first of the “perpetual” investment plans, you determine the breakeven point by simply dividing 100% by the daily gross interest of 1.7% that you receive from the plan to get around 59 days — two months. Remember, these are calendar days. If you do the same arithmetic for the other two perpetual plans, you will get the following results:
Plan #1 59 days
Plan #2 42 days
Plan #3 32 days
For Plan #4, since you don’t receive any return at all until the end of the plan, that’s when you break even — after 15 working days. Just so that we are consistent, let’s convert that to calendar days. Since there are roughly 22 working days in a 30 calendar day month, we multiply the number of working days by 30/22 to convert it to calendar days. In that case, 15 calendar days converts to around 21 calendar days (15 x 30/22).
For Plan #5, you are receiving 3.5% for 20 working days. By the end of that period, 70% (3.5 x 20) of your investment will have been returned to you, but you will not have broken even. So, like Plan #4, you break even when the plan ends — in this case, after 20 working days. Multiplying this by 30/22, this converts to a breakeven point of around 28 days.
Finally, in Plan #6, you are receiving 6% per working day. Dividing 100% by 6%, you find that the 25 working day plan breaks even in around 17 working days or, making the same conversion as above, in around 23 calendar days.
In Part 2 of this review, we’ll continue our analysis of the True-Chain investment plans and determine the average daily net interest that each of them pays you. Please stand by…
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