{"id":1635,"date":"2017-08-10T03:36:26","date_gmt":"2017-08-10T03:36:26","guid":{"rendered":"http:\/\/emilynews.com\/blog\/?p=1635"},"modified":"2017-08-10T03:36:26","modified_gmt":"2017-08-10T03:36:26","slug":"simbwealth-review-2","status":"publish","type":"post","link":"https:\/\/emilynews.com\/blog\/?p=1635","title":{"rendered":"SimbWealth — Review #2"},"content":{"rendered":"

SimbWealth Begins Again!<\/strong><\/p>\n

If you read our recent News Commentary #145<\/em>, you learned that SimbWealth <\/a>(reviewed here<\/a>) recently reworked all of its investment plans.\u00a0 This was such a major revision that it is almost as though they started their program over again from scratch.\u00a0 In a way, it is actually BETTER than that.\u00a0 They not only corrected all the problem areas that we pointed out in our original review of the program, they also made additional refinements.\u00a0 And, all this was done while not altering the unique feature of the program — which is a long-term relatively low interest means of investment.<\/p>\n

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

I have to qualify that statement.\u00a0 In the HYIP industry, daily interest rates of 2%, 3%, and much much higher are the norm.\u00a0 We have even reviewed one programs with daily net interest rate of almost 50%!\u00a0 So, while the SimbWealth <\/a>investment plans with daily net interest rates all less that 1% might seem unprofitable to the typical HYIP investor, it is very important to realize that, along with these \u201clow\u201d interest rates, there comes the much higher probability of long term survival of the program.\u00a0 And, we should always keep in mind that, compared to other income opportunities, savings accounts, and the like, daily net interest rates in the neighborhood of one half a percent are absolutely astounding.<\/p>\n

And, concerning survivability, it is important to look at the track record of SimbWealth<\/a>.\u00a0 The home page of their website does not hide the fact that, although the program has been online for around 160 days, they have only attracted 260 investors that have invested a total of less than $6,000 in the program.\u00a0 Many HYIP admins would have called their program a failure with such statistics.\u00a0 In contrast, it looks like the folks at SimbWealth <\/a>have taken this as a CHALLENGE and are doing everything they can think of to breathe new life into their program.<\/p>\n

We at Emily News<\/em> admire and support this attitude and extend our best wishes to the Admin and staff at SimbWealth <\/a>with the hope that their program does, indeed, turn out to be the successful long-term survivor they are hoping for.<\/p>\n

The New Investment Plans.<\/strong><\/p>\n

Well, the primary purpose of this second review of Simbwealth <\/a>is to take a close look at the new investment programs they now offer.\u00a0 So, let\u2019s get started.\u00a0 There are three plans and they all provide interest earnings on a daily basis that include your deposit as part of the payment.\u00a0 This is a major improvement over their previous investment plans where some of them only provided interest earnings on a monthly basis.\u00a0 Following is the summary information on the investment plans that was provided in the recent Simbwealth <\/a>update:<\/p>\n

Hi-Tech Industries.\u00a0 90 days<\/u><\/strong>
\n120% gross earnings
\n20% net earnings
\n1.33% daily gross interest
\n0.22% daily net interest
\nMin: $10 – Max: $500<\/p>\n

Leasing Plan.\u00a0 180 days<\/u><\/strong>
\n160% gross earnings
\n60% net earnings
\n0.89% daily gross interest
\n0.32% daily net interest
\nMin: $250 – Max: $1,000<\/p>\n

Real Estate.\u00a0 365 days<\/u><\/strong>
\n250% gross earnings
\n150% net earnings
\n0.68% daily gross interest
\n0.41% daily net interest
\nMin: $500 – Max: $10,000<\/p>\n

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

I believe that this is the first program I have encountered that publishes the daily net interest (DNI) for the investment plans that it offers.\u00a0 We have talked a lot about this quantity in the Emily News<\/em> Blog and have pointed out that it is the true measure of the profitability of a program.\u00a0 All other programs so far have avoided the use of this term and have left it up to the investor to determine how profitable an investment plan they offer really is.\u00a0 My hat goes off to SimbWealth <\/a>for providing this information up front.<\/p>\n

Of course, if you are familiar with the term, it is a simple matter to calculate it.\u00a0 You simply take the total net interest and divide it by the number of days in the program.\u00a0 For example, in the Hi-Tech Industries investment plan, you would divide the total net interest of 20% by 90 days to get 0.22%.\u00a0 Just to be sure you understand how this works, this is NOT the actual daily percent interest you will receive from the investment plan.\u00a0 You will receive the higher 1.33% daily gross interest rate.\u00a0 However, not all of that is profit as part of this is your principal being paid back to you.\u00a0 If you divide 100% by this percent that you receive every day, you can determine the number of days it will take you to break even.\u00a0 For this plan it comes to around 75 days (100\/1.33).\u00a0 So, for the first 75 days of the program, you are getting your principal back.\u00a0 For the last 15 days, you are making pure profit.\u00a0 If you average out your profit over the total length of the investment plan, you get the DNI.\u00a0 As we indicated, this is the way to compare the profitability of different programs.\u00a0 However, to repeat, it is not the amount of earnings you will receive on a daily basis.\u00a0 I hope this discussion clarifies any misunderstandings you might still have about DNI.<\/p>\n

You can calculate the number of days to break even for the other two programs in the same way.\u00a0 Here are the results:<\/p>\n

Hi-Tech plan<\/strong>:\u00a0 75 days\u00a0 (15 days pure profit)
\nLeasing Plan<\/strong>:\u00a0 112 days\u00a0 (68 days pure profit)
\nReal Estate Plan<\/strong>:\u00a0 147 days \u00a0(218 days pure profit)<\/p>\n

Something worth noting is that, in the Real Estate plan, you are making pure profit for around seven months out of the year long investment term.<\/p>\n

Another improvement in the new SimbWealth <\/a>investment plans has to do with the maximum and minimum investment amounts for each plan.\u00a0 The minimum investment does increase for the higher interest plans.\u00a0 However, it is within reasonable limits such that a serious investor can take advantage of any of the plans that he might be interested in.\u00a0 Likewise, the maximum investment amounts are reasonable.\u00a0 Many other HYIPs will indicate “obscenely” high maximums.\u00a0 As we pointed out is HYIP Insights #14<\/em> (that you can read here<\/a>), it is probable that these high amounts are an admin \u201cfishing\u201d for a big investor.\u00a0 And you can be sure that the program won\u2019t be around much longer if someone gets hooked!\u00a0 It is worth noting that, even with a small maximum allowable investment, usually a program doesn\u2019t limit the number of investments a person can make. \u00a0So, it is still possible to invest a large amount by making multiple investments.\u00a0 In short, both the range of interest rates offered and the range of investments that are accepted by SimbWealth <\/a>appear to have been sensibly and professionally chosen.\u00a0 All this helps to give the investor confidence that he might actually be investing in a program that is a real one.<\/p>\n

$500 is an acceptable investment for all of the three investment plans.\u00a0 Let\u2019s see how an investment of this amount would work out in each of the plans.\u00a0 To make them comparable (cover the same time period), I am going to assume that the person invests in the 90 day plan four times and in the 180 day plan two times.\u00a0 Here are the results:<\/p>\n