{"id":1156,"date":"2017-06-07T05:11:46","date_gmt":"2017-06-07T05:11:46","guid":{"rendered":"http:\/\/emilynews.com\/blog\/?p=1156"},"modified":"2017-06-19T10:30:07","modified_gmt":"2017-06-19T10:30:07","slug":"ace-taste-review","status":"publish","type":"post","link":"https:\/\/emilynews.com\/blog\/?p=1156","title":{"rendered":"Ace of Taste — Review"},"content":{"rendered":"

This program is now CLOSED! Do not invest there!<\/strong><\/p>\n

Ace of Taste<\/a> might have the most enjoyable website to read!\u00a0 All those photos of delicious mouth-watering dinners are enough to make anyone drop what they are doing and head out to the nearest restaurant for a night out of wining and dining.\u00a0 Kudos to Ace of Taste<\/a> for a very \u201ctastefully prepared\u201d website.<\/p>\n

\"\"<\/a><\/p>\n

But, down to business, Ace of Taste<\/a> is in the restaurant business.\u00a0 They presently operate a line of more than 15 Chinese restaurants — apparently located in a number of different countries — and they would now like to open additional restaurants that offer premium French and Mediterranean cuisine.<\/p>\n

In order to generate funding for this new venture, Ace of taste<\/a> has set up an online investment program that, essentially, makes investors partners in the business.\u00a0 They have been online for a little over two weeks now.\u00a0 The company, itself, is headquartered in Great Britain with a Chinese national, a Miss Xu Hua Chen, serving as its director.\u00a0 It is claimed that she has the expertise required to make this new period of growth for Ace of Taste<\/a> a successful one.<\/p>\n

Ace of Taste <\/a>offers four investment plans and their essential features are summarized below:<\/p>\n

Intro – 0.75% per day<\/u><\/strong>
\n5 day term
\nInterest paid daily
\n$10\/$49\u00a0\u00a0\u00a0\u00a0 min\/max deposit
\nDeposit returned at end of term
\nTotal return:\u00a0 103.75%
\nNet profit: 3.75%<\/p>\n

Insight – 1.2% per day<\/u><\/strong>
\n10 day term
\nInterest paid daily
\n$20\/$99\u00a0\u00a0\u00a0\u00a0 min\/max deposit
\nDeposit returned at end of term
\nTotal return:\u00a0 112%
\nNet profit:\u00a0 12%<\/p>\n

Partner – 1.5% per day<\/u><\/strong>
\n15 day term
\nInterest paid daily
\n$50\/$399\u00a0\u00a0\u00a0\u00a0 min\/max deposit
\nDeposit returned at end of term
\nTotal return:\u00a0 122.5%
\nNet profit:\u00a0 22.5%<\/p>\n

Co-owner – 5.0% per day<\/u><\/strong>
\n42 day term
\nInterest paid daily
\n$100\/$15,000\u00a0\u00a0\u00a0\u00a0 min\/max deposit
\nDeposit included in earnings
\nTotal return:\u00a0 210%
\nNet return:\u00a0 110%<\/p>\n

The first three plans are similar and all return your principal at the end of the investment term.\u00a0 So, your daily interest earnings are pure profit.\u00a0 In HYIP Insights #12, Part 1 (which you can read here<\/a>), we devoted a considerable amount of time discussing \u201cdaily net interest\u201d and its use in comparing the advertised interest rates of different investment plans.\u00a0 In a word, it is simply the \u201cpure profit\u201d that an investment plan pays on a daily basis.\u00a0 For these three plans, the advertised rate IS the daily net interest since your principal is being returned at the end of the investment term.<\/p>\n

The downside of short term plans such as these, that return your principal as a lump sum at their conclusion, is that you won\u2019t be in profit until the plan ends.\u00a0 So, a person has to bite their nails for the entire length of the plan.\u00a0 But, again, the plans are quite short.\u00a0 There are always pros and cons\u2026<\/p>\n

In addition, even though the terms of these three plans are relatively short (5, 10, and 15 days), the interest rates are in the range that would go along with a long term investment plan (because, it would take a number of months for a program using these rates to break even if the principal was not being returned at the end of the term).\u00a0 So, these rates are conservative and therefore the plans have a good chance at being sustainable in the long run.\u00a0 This was discussed in HYIP Insights #12, Part 2 (which you can read here<\/a>).<\/p>\n

The fourth investment plan, the Co-owner plan, is a different animal since the principal is returned as part of your interest earnings.\u00a0 This is why the advertised interest rate for this plan is so much higher than the daily net interest rates that are given for the first three plans.\u00a0 But, what is the daily net interest rate for the fourth plan?\u00a0 That\u2019s easy to calculate.\u00a0 You simply take the total net interest of 110% and divide it by 42, the number of days in the plan, to get 2.62%.\u00a0 This is considerably more than the daily net interest for the first three plans.\u00a0 So, this plan is the most profitable one.\u00a0 Of course, this rate is getting a tad high and some investors might have concern for its sustainability.\u00a0 In this type of situation, we can only hope that the folks at Ace of Taste<\/a> who predicted revenue coming into the company have taken this rather large future obligation into account in their fiscal planning.<\/p>\n

A nice feature about these plans is that the minimum deposit to participate in all of them is reasonable, the largest being only $100 for the Co-owner plan.\u00a0 This is very different from many HYIPs in which the typical investor is locked out of the most lucrative plan because the minimum deposit is excessively high.\u00a0 This is a refreshing change from the norm.<\/p>\n

So, all of the investment plans offered by Ace of Taste<\/a> are relatively short term (42 days is the longest) and, for the most part, interest rates are high enough to be attractive but probably low enough to still be sustainable.\u00a0 The classic HYIP dilemma is still here which is that, in order to take advantage of the higher interest rates plans, you have to put your money at risk for longer periods of time.\u00a0 Thankfully, the investment terms are all fairly short.<\/p>\n

\"\"<\/a><\/p>\n

OK, let\u2019s do a few numerical examples to see how everything works.\u00a0 First we\u2019ll do an example from the first three plans and then we\u2019ll do one from the last plan.<\/p>\n

Let\u2019s assume an investment of $200 into the Partner plan that pays 1.5% interest for 15 days, after which your deposit is returned.\u00a0 1.5% of your deposit is $3 (.015 x 200).\u00a0 So, every day for 15 days you would receive interest earnings of $3.\u00a0 After 15 days, the total that you would have received would be $45 (3 x 15) which is 22.5% (45\/200 x 100) of your initial deposit.\u00a0 This is your total net interest.\u00a0 After your deposit is returned, you would have a total gross interest of 122.5% (100 + 22.5).\u00a0 All these numbers check with the summary information given above.<\/p>\n

Now let\u2019s take our $200 and deposit it in the Co-owner plan and see what happens.\u00a0 This plan pays you 5% interest daily.\u00a0 But, this time your deposit is returned to you as part of your interest earnings rather than as a lump sum at the end of the investment term.\u00a0 For this example, your daily interest earning would be $10 (0.05 x 200).\u00a0 So, the time for you to break even (to earn back your initial deposit) would be 20 days (200\/10).\u00a0 Of course, this time to break even is the same no matter what your investment is because, if you divide 100% by the 5% interest being paid each day, you get the same result (100\/5 = 20).\u00a0 By the end of the 42 day term of the investment plan, your total gross earnings would be $420 (42 x 10).\u00a0 This is 210% (420\/200 x 100) of your initial deposit.\u00a0 Again, you could get the same result by working with percents, which shows that the result is the same no matter what your investment is.\u00a0 You would simply multiply the daily percent earnings by the number of days in the plan (5 x 42 = 210).\u00a0 To get your total net earnings you would subtract 100% from this to get 110%.\u00a0 Or, if you were working with dollars, you would subtract your initial deposit of $200 from your total gross earnings of $420 to get $220.<\/p>\n

Well, I\u2019ve done the arithmetic two different ways for this example just to be sure that it\u2019s completely clear.\u00a0 These little calculations should become second nature to you if you would like to be able to quickly evaluate the pros and cons of any investment program you are thinking of putting your hard-earned money into.<\/p>\n

At present, Ace of Taste<\/a> uses the following payment processors: Bitcoin, AdvancedCash, Perfect Money, Nixmoney, and Payeer.\u00a0 They indicate that, in the future, additional processors might be added.<\/p>\n

The FAQ isn\u2019t clear about the minimum withdrawal that is permissible (a second language error, I think).\u00a0 However, the maximum that can be withdrawn with a single request is $5,000.\u00a0 However, there is no indication made of the allowable frequency of such requests (can one be made every minute?).<\/p>\n

Deposits are activated instantly with the exception of Bitcoin where some time will be required for the verification process.\u00a0 Withdrawal requests are processed instantly seven days per week.\u00a0 However, withdrawals of $500 and larger are processed manually and may take up to 24 hours.\u00a0 Of course, the Bitcoin verification process will slow down transactions in that currency.<\/p>\n

Ace of Taste<\/a> has an acceptable affiliate program that you can participate in whether or not you have an active deposit with the company.\u00a0 It pays you 5% of deposits made by your direct referrals (first level of your downline) and 2% and 1% on the second and third levels of your downline.\u00a0 If one of your direct referrals deposits $500 or more into the program, you become a \u201cVIP Partner\u201d and earn 7% rather than 5% of these deposits (this higher commission only applies to deposits over $500).<\/p>\n

If you have questions for Ace of Taste<\/a>, there is the standard support form that you can submit.\u00a0 It looks like there might also be live chat.\u00a0 However, at the time I wrote this review, it was offline.<\/p>\n

One non-financial area where the website needs improvement is in the use of the English language.\u00a0 It\u2019s quite rough in many places and, in the extreme, a few passages are difficult to understand.\u00a0 We recommend that the Admin of the program refer to HYIP Insights #2 (that can be read here<\/a>) for advice on this important issue.\u00a0 A poor presentation in any language can easily give an incorrect impression of the legitimacy of an investment program.<\/p>\n

Everything considered, Ace of Taste<\/a> is an interesting company that offers some attractive investment plans.\u00a0 The terms of all the plans are relatively short (42 days is the longest) which will appeal to the investor who doesn\u2019t want to tie up his resources for an extended period of time.\u00a0 So, you might want to make Ace of Taste<\/a> a part of your investment portfolio.\u00a0 Remember to diversify your investments and to never invest more than you can afford to lose.\u00a0 Good Luck!<\/p>\n

\"\"<\/a><\/p>\n

*********************<\/p>\n

To the Admin: We always welcome comments on our reviews \u2014 pro or con \u2014 and we will be happy to publish them in the Emily News<\/em> blog.<\/p>\n

*********************<\/p>\n

Please don\u2019t forget that you can post your screenshots of payment, scam, or other proofs related to a program by clicking on the \u201cDetails\u201d button in the Emily News<\/em> monitor.\u00a0 Also, don\u2019t forget that you can add your referral link when you post your proofs — another way to build your downline.<\/p>\n

*********************<\/p>\n

Be the first to get most important\u00a0HYIP news everyday!
\nSimply Follow\u00a0EN Facebook<\/strong><\/a>, EN Telegram<\/strong><\/a>, EN Twitter<\/strong><\/a>
\nor Subscribe to EN\u00a0Feedburner<\/a><\/strong> and submit your email address!<\/p>\n

If you like this review, please share it by using the social media buttons below.<\/p>\n","protected":false},"excerpt":{"rendered":"

This program is now CLOSED! Do not invest there! Ace of Taste might have the most enjoyable website to read!\u00a0 All those photos of delicious mouth-watering dinners are enough to make anyone drop what they … Ace of Taste — Review<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[123,124,140,10,78,73,97,20,21,61,17,18,63,141],"class_list":["post-1156","post","type-post","status-publish","format-standard","hentry","category-reviews","tag-ace-of-taste","tag-ace-of-taste-scam-or-paying","tag-aceoftaste-review","tag-hyip","tag-hyip-investment-plan","tag-hyip-investment-program","tag-hyips","tag-investment-plan","tag-investment-plan-review","tag-investment-plans","tag-investment-program","tag-investment-program-review","tag-investment-programs","tag-review-of-aceoftaste-hyip","exalt-entry"],"yoast_head":"\nAce of Taste - Review - EmilyNews<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/emilynews.com\/blog\/?p=1156\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ace of Taste - Review : Different HYIP investment blog. 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