This program moved to CLOSED! Do not invest there!
Discussion.
Let’s begin our discussion of the BittAce investment plans by repeating what we learned about them in Part 1 of our review. Here’s that information along with the basic description about each plan from the website.
Ace Clubs Plan
5% daily for 30 days
$10 – $1,000
Break even = 20 days
DNI = 1.67%
Ace Hearts Plan
7% daily for 24 days
$50 – $10,000
Break even = 15 days
DNI = 2.83%
Ace Spades Plan
300% after 30 days
$10 – $10,000
Break even = 30 days
DNI = 6.67%
Ace Diamonds Plan
600% after 45 days
$10 – $10,000
Break even = 45 days
DNI = 11.11%
Our “First Thoughts” article actually provided a very good introductory discussion of the BittAce investment plans. I hope you won’t remind seeing this again, but here it is:
For the online investor, BittAce offers four medium-term investment plans ranging from 24 to 45 days long. Two of the plans pay interest daily and return your investment as part of your earnings while the other two retain both your earnings and investment until the conclusion of the plan. You will remember that we often remark that investment plans of the first type are the least risky because, from the beginning, the portion of a person’s investment that is at risk (in case the program closes prematurely) is rapidly decreasing. On the other hand, plans of the second type are the riskiest because a person can lose everything if the program closes early. BittAce appears to compensate for this by offering very high interest rates in these two high-risk plans. However, the rates that are offered might be SO high that it will be impossible for the company to sustain them.
Let’s discuss the BittAce investment plans in three steps. First, we’ll take a look at the Ace Clubs and Ace Hearts Plans that pay interest daily. Second, we’ll look at the Ace Spades and Ace Diamonds Plans that pay interest at the end of the plan. Finally, we’ll compare the two sets of plans.
As a preface, we should note that the minimum investment required for all the plans is very low. It is only $10 except for the Ace Hearts Plan where it is $50. Even this is by no means out of reach of the serious (or even not-so-serious) online investor. This is both a blessing and a curse. The blessing, of course, is that everyone can use every plan. The curse is that it might not be a good idea for a lot of investors to use the Ace Spades and Ace Diamonds Plans because the high interests that they promise might put the survival of the overall program at risk.
But, let’s return to our approach of looking at Ace Clubs and Ace Hearts Plans first. These two plans are set up very well. They are no longer than a month long — which most online investors will like — and they break even quickly. In the case of the Ace Hearts Plan, the breakeven point is after only 15 days. Furthermore, these types of plans enable the investor to quickly recover his investment as every day a significant portion of it is being returned to him. Again, as we indicated in the First Thoughts article, they are the least risky type of investment plan.
These two investment plans are also quite lucrative. Multiplying their DNIs by seven, you can come up with the average weekly profits that each plan offers as:
Plan Average Weekly Profit
Ace Clubs 12%
Ace Hearts 20%
In HYIP Insights #23, we suggested aiming at programs offering investment plans having weekly profits of between 5% and 15%, as a compromise between profit and risk. Obviously, the higher the profit that an investment plan promises, the higher the risk associated with it. These two investment plans are a bit on the high side — meaning they are very lucrative — but they are not off-the-chart. So, they might be the type of investment plans that the more adventuresome investor would be attracted to.
Now, let’s take a look at the Ace Spades and Ace Diamonds Plans. As the First Thoughts article already indicated, these are the riskiest TYPES of investment plans because the entire amount of a person’s investment is at risk until the plan ends. Furthermore, no earnings are paid until the plan ends. One thing in favor of these two plans is that they aren’t excessively long, with durations of 30 and 45 days. Still, this is a long time for a person to be biting his nails hoping that the program will survive until an investment plan ends (something that doesn’t always happen in the HYIP business).
The greatest problem with these two plans is the excessive amounts of interest that they promise. With DNIs of 6.67% and 11.11%, we are talking about weekly profits of 47% and 78%. Needless to say, these are way above our suggestion of aiming at programs offering investment plans with weekly profits between 5% and 15%. So, these two investment plans have two problems. First, they are risky TYPES of plans and, second, they offer such high returns that they put the entire BittAce program at risk of early closure due to the fact that, when the plans end, it might be difficult for the program to fulfill its obligations to make the interest payments that are due.
So, the two sets of investment pans fight with each other. The Clubs and Hearts Plans are attractive while the Spades and Diamonds Plans are highly questionable. Unfortunately, both plans are tied to the same program and either one of them can make the overall program sink or swim. The way I see it, these two sets of investment plans fight with one another.
OK, before we draw any firm conclusions, let’s work a few earnings examples in an effort to see how some actual numbers will work out.
Earnings Examples.
Both the Ace Clubs and the Ace Spades Plans are 30 days long. Let’s assume an investment of $100 in each of them and compare our results.
For the Ace Clubs Plan, you will receive 5% interest per day which, of course, is $5. After 20 days, you will have received a total of $100 at which time you will have broken even. At the end of the plan, you will have received a total of $150 (5 x 30) for a net profit of $50.
For the Ace Spades Plan, you will receive a one-shot payment of 300% or $300 at the end of the plan. This is a net profit of $200.
So, the Spades Plan is four times as profitable as the Clubs Plan (200/50 =4). Of course, we already expected this because the 6.67% DNI of the Spades Plan is four times the 1.67% DNI of the Clubs Plan (6.67/1.67 =4).
We could make a similar comparison between the Hearts and Diamonds Plans, in this case letting the Hearts Plan run twice for a total of 48 days — which would be very close to the 45-day term of the Diamonds Plan. However, without the arithmetic, we already know that:
- The Hearts Plan will be more profitable than the Clubs Plan.
- The Diamonds Plan will be more profitable than the Spades Plan.
- The Diamonds Plan will again be around four times more profitable than the Hearts Plan because their DNIs are roughly in the ratio of 4:1 (11.11/2.83 = 3.93).
You can learn a great deal about an investment plan from its DNI. And, as we’ve seen here, DNIs are also an extremely useful tool when comparing one investment plan to another.
Conclusions.
The BittAce program is a confusing one. It offers two excellent investment plans as well as two that are very risky. We can only hope that the use of the good plans will predominate such that the riskier plans will have a lesser impact on the overall program. Of course, there is always the hope that the Administrators know something that we don’t know and have all this figured out such that the program will be capable of surviving no matter what. The critical point will be when it comes time for the program to pay its first round of investors in the Spades and, especially, the Diamonds Plans 30 and 45 days into the program. For now, we must say that this program is for VERY adventuresome investors only. Let’s see what happens.
I hope this information is helpful.
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