{"id":4168,"date":"2018-05-27T05:03:04","date_gmt":"2018-05-27T05:03:04","guid":{"rendered":"http:\/\/emilynews.com\/blog\/?p=4168"},"modified":"2018-11-19T06:59:17","modified_gmt":"2018-11-19T06:59:17","slug":"westlandstorage-review","status":"publish","type":"post","link":"https:\/\/emilynews.com\/blog\/?p=4168","title":{"rendered":"WestlandStorage – Review"},"content":{"rendered":"

This program moved to PROBLEM! Do not invest there!<\/strong><\/p>\n

The Westland Storage Investment Plan.<\/strong><\/p>\n

Westland Storage<\/a> (WLS<\/a> for short) has a single investment plan that is extremely simple to understand.\u00a0 In our \u201cFirst Thoughts\u201d article about WLS<\/a>, we introduced the plan in the following way:<\/p>\n

WLS<\/a>\u00a0offers a single investment plan that is very easy to understand.\u00a0 There is a minimum of investment of only $10 and the maximum is unlimited.\u00a0 The interest that you receive on your investment is 1% per day on weekdays and 0.5% per day on weekends.\u00a0 The term of the investment plan is unlimited.\u00a0 So, again, this is a very simple investment plan.\u00a0 In our review of the program, which we expect to publish in the next day or two, we will take a look at the pros and cons of the plan considering such factors as its profitability compared to similar online programs as well as what we feel are the chances of the program surviving in the long term.<\/p><\/blockquote>\n

There really isn\u2019t anything that can be added to this.\u00a0 So, let\u2019s take a look at the details of the plan:<\/p>\n

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

Analysis of the Westland Storage Investment Plan.<\/strong><\/p>\n

The WLS<\/a> investment plan is another example of what we refer to as a \u201cperpetual\u201d investment plan; you continue to earn until the program closes down.\u00a0 This implies that the length of the plan is unknown.\u00a0 So, our normal method of analysis isn\u2019t going to work — unless we assume a life expectancy for the plan.\u00a0 And, that\u2019s what we\u2019ll do here.\u00a0 In fact, we will look at a number of different life expectancy scenarios in an effort to draw some useful conclusions.<\/p>\n

However, first, let\u2019s take a look at the interest rate paid by the WLS<\/a> investment plan.\u00a0 Since the rate is different for weekdays and weekdays, this is an added complication to our analysis.\u00a0 The plan pays 1% on weekdays and 0.5% on weekends.\u00a0 So, the total interest that the plan pays for a week is 6% (1+1+1+1+1+.5+.5).\u00a0 Dividing this by seven days per week, we get an average gross daily interest rate of around 0.86% (6\/7).\u00a0 We\u2019ll use this number for the remainder of this analysis.<\/p>\n

Next, let\u2019s see how long it will take you to break even with this investment plan.\u00a0 That\u2019s easy to determine.\u00a0 You simply divide 100% by the daily gross interest.\u00a0 Using the 0.86% we just determined, we come up with around 117 days (100\/.86).\u00a0 This is quite a long time — close to four months.\u00a0 So, we would definitely classify WLS <\/a>as a long-term investment program.<\/p>\n

But, what about DNI, Daily Net Interest, the term we use to measure both profitability of an investment plan and to assess the overall program\u2019s chances of long term survivability?\u00a0 Here\u2019s where we have to assume a life for the program as DNI depends on BOTH interest rate AND length of the plan.<\/p>\n

OK, it takes nearly four months for the program to break even.\u00a0 Let\u2019s assume that this happens (and this is a big assumption as very few HYIPs last four months) and calculate DNI for assumed lifetimes for the program of four, eight, and 12 months.\u00a0 Starting with four months (we\u2019ll call that 120 days), you get a total gross interest of 103.2% (120 x .86).\u00a0 Subtracting 100% from this because it includes your investment, you get a total net interest of 3.2%.\u00a0 Averaging this out over the 120-day assumed length of the investment plan, you get a DNI of 0.027%.\u00a0 Doing the same arithmetic for 240 days and 360 days, you would get the following results for DNI:<\/p>\n

120 days.\u00a0 DNI = 0.027%<\/p>\n

240 days.\u00a0 DNI = 0.443%<\/p>\n

360 days.\u00a0 DNI = 0.582%<\/p>\n

720 days.\u00a0 DNI = 0.721%<\/p>\n

You can see that, after four months (120 days), your average daily profit is just about zero since you would have only broken even a few days before that.\u00a0 After eight months (240 days), your average daily profit has increased to 0.443%. and after a full year (360 days), your average profit is up to 0.582%, a little more than half of one percent per day.\u00a0 To put some numbers on this, if you invested $100 with WLS<\/a>, on the average, your investment would have paid you an average profit of around a half dollar per day after you have been with the program for one full year.<\/p>\n

In the chart above, I also included the DNI for a life expectancy of two years.\u00a0 This is just for illustration as hardly any HYIP will survive for this long.\u00a0 However, the point is that the DNI has creeped up to around three fourths of one percent.\u00a0 If the program survived for a few more years, the DNI would gradually approach the average daily gross interest of 0.86% that we have been using.<\/p>\n

Discussion.<\/strong><\/p>\n

As far as profitability is concerned, WLS <\/a>is on the low side.\u00a0 It takes you around four months to break even and then almost a year before you have achieved a DNI of a half of one percent.\u00a0 The flip side of the coin is that payment of these low interest rates might be something that WLS <\/a>can afford to do for a long time.\u00a0 This makes the prospects for long term survivability of the program quite good.\u00a0 In fact, in HYIP Insights #12<\/em><\/a>, we suggested that programs having investment plans such as this, with DNIs equal to less than 1%, might be good candidates for long term survival.<\/p>\n

However, there is one wrinkle in this argument because of the fact that this is a perpetual investment plan.\u00a0 This is because there is no relief for the company from interest payments.\u00a0 The typical investment plan lasts for a finite length of time and then the investor must deposit NEW money if he would like to continue to receive earnings.\u00a0 This provides relief for the company from the perpetual payments.\u00a0 It is easy to see that, as the months go by, and the number of investors increases, this burden of an ever increasing number of interest payments could become overpowering.\u00a0 The fact that WLS <\/a>only pays a low rate of interest counters this effect somewhat.<\/p>\n

It is interesting to note that a perpetual investment plan such as this is essentially the same as a conventional bank account.\u00a0 When you make a deposit in the bank, you receive interest on it forever.\u00a0 The difference, of course, is that programs such as WLS\u00a0<\/a>pay interest rates that are a LOT higher that a bank does.\u00a0 On the other hand, they are a LOT lower than the typical HYIP.\u00a0 If a program such as WLS\u00a0<\/a>comes along that can be shown to be as reliable as a normal bank, it would seem to me to be a very good deal\u2026<\/p>\n

In a long-term program such as this, it is important for the investor to take a close look at what the website tells about the company.\u00a0 We refer to this as the company\u2019s \u201cLegend.\u201d\u00a0 Does it seem plausible or is it nonsensical?\u00a0 With a long-term program such as this, we would hope that the company does indeed have a means of generating the revenue required to sustain interest payments for a year or two — maybe even much longer.\u00a0 There is an article about the \u201cHYIP Legend\u201d in HYIP Insights #6<\/em><\/a>.<\/p>\n

Conclusions.<\/strong><\/p>\n

WTC <\/a>is a perpetual program that offers modest interest returns compared to most other HYIPs. This gives it a relatively high potential for long term survival.\u00a0 If the company has a solid revenue base, it could be a reliable source of income for the online investor.<\/p>\n

I hope that this information is helpful.\u00a0 Good Luck!<\/p>\n

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

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This program moved to PROBLEM! Do not invest there! The Westland Storage Investment Plan. Westland Storage (WLS for short) has a single investment plan that is extremely simple to understand.\u00a0 In our \u201cFirst Thoughts\u201d article … WestlandStorage – Review<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":4144,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[1361,1368,1366,1367,1369,1402,1372,1370,1371,1373],"class_list":["post-4168","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-reviews","tag-westland-storage","tag-westland-storage-info","tag-westland-storage-investment-plan","tag-westland-storage-investment-program","tag-westland-storage-news","tag-westland-storage-review","tag-westland-storage-scam-or-paying","tag-westland-storage-update","tag-westland-storage-updates","tag-westlandstorage-com","exalt-entry"],"yoast_head":"\nWestlandStorage - 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=4168\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"WestlandStorage - Review - EmilyNews\" \/>\n<meta property=\"og:description\" content=\"This program moved to PROBLEM! Do not invest there! The Westland Storage Investment Plan. 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