Discussion.
Let’s begin our discussion of the five ICWorking investment plans by repeating the basic information that the website gives about them as well as what we found out about them in Part 1 of this review. Remember that all the plans return your investment when they end. And, none of the plans break even until they end and your investment is returned — except for Plan #5 which breaks even in 114 days (it is 150 days long).
Plan #1
30 calendar days long
0.8% per business day
DNI = 0.59%
Pan #2
60 calendar days long
0.9% per business day
DNI = 0.66%
Plan #3
90 calendar days long
1.0% per business day
DNI = 0.73%
Plan #4
120 calendar days long
1.1% per business day
DNI = 0.81%
Plan #5
150 calendar days long
1.2% per business day
DNI = 0.88%
First, let’s take a look at the TYPE of investment plans that are offered by ICWorking. They all pay your earnings on business days but don’t return your investment until the plan ends. This is better that the type of plan that pays neither earnings nor returns your investment until the plan ends, but worse than the type of plan that returns your investment as part of your earnings, all before the plan ends. In short, the ICWorking investment plans place a person’s investment at risk until the conclusion of the investment plan. In HYIP world, especially for investment plans such as these which can be up to five months long, this is a risky proposition. Only rarely do HYIPs survive this long…
So, the investor in the ICWorking program has an especially important reason for being concerned about the survivability of the program. If the program doesn’t survive until the end of his investment plan, he will lose “big time.” Fortunately, the prognosis for the long-term survival of the ICWorking program is fairly good. In the article in HYIP Insights #12, we went into great detail concerning the relationship of DNI to the possibility for long-term survivability of an online investment program. The bottom-line in our article was the suggestion that programs offering investment plans having DNIs that are less than 1% might have a relatively good chance for surviving in the long-term. This, of course, assumes wise management practices on the part of the program administrators. So, with this information in mind, it is possible that an investment with ICWorking could be a successful venture.
There is always a flip-side of the coin to low-risk programs such as this which is relatively low profitability. Low risk typically means low profit and vice versa. If you multiply the DNIs of the five ICWorking investment plans by seven, you will get the average weekly profit that each of them will pay over their lifetime. Here’s the result:
Plan Average Weekly Profit
#1 4.13%
#2 4.62%
#3 5.11%
#4 5.67%
#5 6.16%
In the article in HYIP Insights #23, we suggested that the online investor might want to aim at programs offering investments plans that have weekly profits between 5% and 15% as a compromise between profitability and risk. Clearly, the profits that can be earned from the ICWorking investment plans are at the low end of this range. However, this only repeats what we indicated above which is that this relatively low profitability is exactly what will improve the chances for long-term survivability of the program.
Earnings Examples.
Let’s assume an investment of $200 in each of the ICWorking investment plans and see what will happen.
For Plan #1, you will receive 0.8% of this or $1.60 (.008 x 200) every business day for one month. Since there are 22 business days in one month, you will receive a total of $35.20 (22 x 1.60) in earnings by the time the month ends. Then, at the end of the month, your investment of $200 will be returned to you.
Another way to get the same result is to work with DNI, which is the average calendar day net interest that you receive. A DNI of 0.59% means average daily net earnings of $1.18 (.0059 x 200) for a $200 investment. Multiplying this by 30 calendar days, we get total net earnings of $35.40, which is the same as we just calculated (there is round-off error due to the determination of DNI). The point is that, once you know the DNI for an investment plan, you can determine the plan’s total net profit by simply multiplying the DNI by the number of calendar days in the plan — FOR ANY TYPE OF PLAN.
I’m going to use this short cut to get the total net profit that you would receive from each of the ICWorking investment plans for the $200 investment. Here is the result:
Plan Net Profit
#1 $35.40
#2 $79.20
#3 $131.40
#4 $194.40
#5 $264.00
These results check with those given by the calculator that can be found on the “Investor” page of the website (with allowance being made for round-off error when determining DNI).
This example illustrates numerically that only in Plan #5 will you earn more than your investment before the end of the plan. As we discovered already, this means that this is the only one of the five plans where you will break even before the plan ends. The numbers also tell you that, in Plan #4, you come very close to breaking even before the plan ends. But you don’t quite get there. So, in that case, after the four month investment period, you have still not broken even.
Conclusions.
ICWorking offers five investment plans that all pay daily interest (on business days) but do not return your investment until the conclusion of the plan. The plans run from one to five months long. So, at least some of them would be regarded as long-term investment plans. Perhaps most important, the interest rates that are paid are very modest.
This is an interesting set of investment plans. On the negative side, they would appear to be high risk because they don’t return the investors deposit until the end of the investment plan and that is when four out of five of them break even. And, since these plans are up to five month’s long, this can be a long wait.
On the positive side, the modest interests that these investment plans pay would appear to improve the possibilities of the program surviving in the long term. ICWorking has already been online for a half year. Perhaps, it will be online for another half year — or maybe even a lot longer. It is impossible predict this.
In summary, while many investors might find these investment plans to be highly risky because they do not bear fruit until they end, others might consider the track record of the program and its conservative returns and regard the ICWorking investment plans as a means to stable long-term income. So, the final decision will essentially depend on a person’s “investment personality.”
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