{"id":4242,"date":"2018-06-10T05:54:15","date_gmt":"2018-06-10T05:54:15","guid":{"rendered":"http:\/\/emilynews.com\/blog\/?p=4242"},"modified":"2019-02-02T19:20:20","modified_gmt":"2019-02-02T19:20:20","slug":"goex-review-part-1","status":"publish","type":"post","link":"https:\/\/emilynews.com\/blog\/?p=4242","title":{"rendered":"GoEx – Review\u00a0Part 1"},"content":{"rendered":"

This program moved to CLOSED (*Admin blocks accounts with big deposits, beware)<\/i>! Do not invest there!<\/strong><\/p>\n

\u00a0The GoEx Investment Plans.<\/strong><\/p>\n

In our recent \u201cFirst Thoughts<\/a>\u201d article (that you can read here) about GoEx<\/a>, we summarized their investment plans as follows:<\/p>\n

GoEx<\/a> has a single investment program that, at first reading, you will probably find hard to understand because it uses investment terminology in a very unusual way.\u00a0 The basic program pays 0.8% interest per day for 189 days (27 weeks) for a total gross interest of around 151% (.8 x 189).\u00a0 Your investment is not returned at the end of the investment term.\u00a0 Then, the website explains that you can choose their \u201creinvest\u201d option and the interest rate will increase to 1.37% per day for 126 days (18 weeks).\u00a0 Here\u2019s where the terminology is confusing.\u00a0 It took a call to the GoEx<\/a> online chat to clarify this for me.\u00a0 \u201cReinvest\u201d does NOT mean that your earnings will be reinvested or compounded or anything like that.\u00a0 It simply means that your earnings will not be paid to you until the end of the investment program term.\u00a0 So, in this version of the investment plan, you aren\u2019t earning daily interest at all.\u00a0 It is actually a completely different investment plan that returns your total earnings when it ends.\u00a0 In this case, the total gross interest that you will receive at the end of the plan will be 126 days times the \u201cdaily\u201d rate of 1.37% per day or around 172%.<\/p><\/blockquote>\n

Based on this introduction, I would summarize the TWO GoEx<\/a> investment plans as follows:<\/p>\n

Plan A
\n0.8% daily for 189 days (27 weeks)
\n0.01BTC and up (different minimums for other currencies)
\nInvestment included in earnings<\/p>\n

Plan B
\n172% after 126 days (18 weeks)
\n0.01BTC and up (different minimums for other currencies)
\nInvestment included in earnings<\/p>\n

Just a few minutes ago I had a second chat with the GoEx<\/a> chat agent as there were still some details of the investment plans that weren\u2019t clear to me.\u00a0 What I learned is that you ALWAYS start out in Plan A, but that you can switch to plan B (reinvest) at any thine thereafter — before nine weeks have gone by.\u00a0 As soon as you make this change, the total length of the investment plan decreases from 27 weeks to 18 weeks and, after the 18 weeks are up, your deposit becomes inactive.<\/strong><\/p>\n

Let\u2019s look at a few examples of how this would work out:<\/p>\n

Case 1.\u00a0 No change to Plan B.\u00a0 You receive 0.8% daily for 27 weeks.<\/p>\n

Case 2.\u00a0 You \u201creinvest\u201d immediately.\u00a0 You receive 1.37% daily for 18 weeks and then your deposit becomes inactive.\u00a0 However, your earnings are frozen and paid to you at the end of the 18-week period (the end of the investment plan).<\/p>\n

Case 3.\u00a0 You \u201creinvest\u201d after three weeks.\u00a0 You receive 0.8% daily for three weeks.\u00a0 Then you receive 1.37% daily for 15 weeks and after that your deposit becomes inactive.\u00a0 However, these earnings (at 1.37% per day) are frozen and paid to you at the end of the 15-week period (the end of the investment plan).<\/p>\n

Case 4.\u00a0 You \u201creinvest\u201d after six weeks.\u00a0 \u00a0\u00a0You receive 0.8% daily for six weeks.\u00a0 Then you receive 1.37% daily for 12 weeks and after that your deposit becomes inactive.\u00a0 However, these earnings (at 1.37% per day) are frozen and paid to you at the end of the 12-week period (the end of the investment plan).<\/p>\n

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

Analysis of the GOEx Investment Plans.<\/strong><\/p>\n

You can see from the above that there is a wide variety of ways that this investment plan could go depending on when you decide to switch from Plan A to Plan B (reinvest).\u00a0 Let\u2019s take a look at the two extreme cases:<\/p>\n

Plan A.\u00a0 You do NOT \u201creinvest\u201d at all.
\nPlan B.\u00a0 You \u201creinvest\u201d immediately.<\/p>\n

In Plan A, if you receive a gross interest of 0.8% daily for 189 days, the total gross interest that you will receive will be 151.2% (.8 x 189).\u00a0 Subtracting 100% from this, you get a total net interest of 51.2%.\u00a0 Finally, dividing this by the 189-day length of the plan, you get a daily net interest (or DNI) of 0.27% (51.2\/189).<\/p>\n

In Plan B, since you receive a daily gross interest of 1.37% for 126 days, your total gross interest would be 172.62% (1.37 x 126).\u00a0 Subtracting 100% from this you get a total net interest of 72.62%.\u00a0 Finally, dividing this by the 126-day length of the plan, you get a DNI of 0.58% (72.62\/126).<\/p>\n

Let\u2019s quickly take a look at how long it takes to break even in these two cases.\u00a0 \u00a0To determine when you break even, you simply divide 100% by the daily gross interest that you receive.\u00a0 For Plan A, since you receive 0.8% interest per day, you would break even in 125 days (100\/.8).\u00a0 Since the plan is 189 days long, you would be receiving \u201cpure profit\u201d from days 126 through 189.\u00a0 For Plan B, since you don\u2019t see any of your earnings until the end of the plan, that\u2019s when you will break even — after 126 days.\u00a0 It turns out that this is almost the same as the 125-day break even point for Plan A.<\/p>\n

In Part 2 of this review<\/a> we\u2019ll offer a few comments on these investment plans and on the financial aspects of the program in general.\u00a0 We should be able to get to Part 2<\/a> in the next day of two.\u00a0 This is a VERY unusual investment plan and it took a few long chats with the GoEx<\/a> chat agent in order for me to be able to understand it.\u00a0 If you are as confused as I was when I first read the explanation of it in the website, I hope that this two-part review will clarify things for you.<\/p>\n

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

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This program moved to CLOSED (*Admin blocks accounts with big deposits, beware)! Do not invest there! \u00a0The GoEx Investment Plans. In our recent \u201cFirst Thoughts\u201d article (that you can read here) about GoEx, we summarized … GoEx – Review\u00a0Part 1<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":4236,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[1406,1415,1411,1412,1414,1419,1413,1416,1417,1418,1405],"class_list":["post-4242","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-reviews","tag-goex","tag-goex-info","tag-goex-investment-plan","tag-goex-investment-program","tag-goex-news","tag-goex-review","tag-goex-scam-or-paying","tag-goex-update","tag-goex-updates","tag-goex-pro","tag-httpsgoex-proinvestingrefemilynews-com","exalt-entry"],"yoast_head":"\nGoEx - Review\u00a0Part 1 - 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=4242\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GoEx - Review\u00a0Part 1 - EmilyNews\" \/>\n<meta property=\"og:description\" content=\"This program moved to CLOSED (*Admin blocks accounts with big deposits, beware)! Do not invest there! \u00a0The GoEx Investment Plans. 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