{"id":4863,"date":"2018-09-19T03:37:00","date_gmt":"2018-09-19T03:37:00","guid":{"rendered":"http:\/\/emilynews.com\/blog\/?p=4863"},"modified":"2018-12-08T06:06:56","modified_gmt":"2018-12-08T06:06:56","slug":"elirtex-review","status":"publish","type":"post","link":"https:\/\/emilynews.com\/blog\/?p=4863","title":{"rendered":"Elirtex – Review"},"content":{"rendered":"

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

The Elirtex Investment Plan.<\/strong><\/p>\n

There isn\u2019t too much that can be added to what we said in our \u201cFirst Thoughts\u201d article about the Elirtex<\/a> Investment plan.\u00a0 So, I am just going to repeat that here — so that you will have all the background information in front of you as we proceed to discuss this very interesting investment plan further.<\/p>\n

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

Elirtex<\/a> offers a single investment plan that has a few interesting features.\u00a0 The plan is 12 weeks long and pays interest daily.\u00a0 However, the interest that you earn on weekdays is 2.6% while the interest that you earn on weekends is only 1%, giving a weekly total of 15%.\u00a0 For the 12-week period, this comes to a total return of 180%.\u00a0 Since your investment is returned to you as part of your interest earnings, your total net return (profit) is 80%.\u00a0 The idea of a variable interest rate that corresponds to the days during which a company generates its own revenue makes a lot of sense to me.\u00a0 The investment limits for the plan are .005 \u2013 1 BTC.\u00a0 \u00a0\u00a0This is impressive as most HYIPs \u201cgo for broke\u201d and attempt to attract investments that can easily be 10 times the upper limit of the Elirtex<\/a> investment plan.\u00a0 Although this investment plan has a variable interest rate, it is still very easy to understand.\u00a0 But, we will have a few more things to say about it when we review the program in a day or two from now.\u00a0 Please look for the review in the EmilyNews<\/em> blog in the next day or two.<\/p><\/blockquote>\n

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

Before we can discuss the Elirtex <\/a>investment plan intelligently and draw conclusions as to what\u2019s good and bad about it, we should first determine how long it takes the plan to break even as well as what the daily net interest (DNI) for it is.<\/p>\n

In what follows, I\u2019m going to simplify things by working with an average gross daily return for the plan rather the true returns of 2.6% on weekdays and 1% on weekends.\u00a0 Always remember that we are looking at the \u201cbig picture.\u201d\u00a0 The small details are unimportant in determining the pros and cons of an HYIP.\u00a0 As the experienced online investor well knows, anything can happen at a completely unpredictable time.\u00a0 So, in these reviews we do our best to provide advice that we feel will be helpful to the investor, but tempered by the reality that this \u201cGame\u201d (see HYIP Insights #4<\/em><\/a>\u00a0for an article about the HYIP \u201cGame\u201d) can be full of surprises.\u00a0 So, again, given this uncertainty, the details are unimportant.\u00a0 To continue, we know that the total weekly return is 15%.\u00a0 If you divide this by seven (the number of days in a week), you get the average daily return that we are looking for.\u00a0 The result is around 2.14%.\u00a0 Next, if you divide 100% by this average daily return of 2.14%, you will get the approximate number of days it will take the plan to break even.\u00a0 The result of this arithmetic is around 47 days (roughly 1-1\/2 months).<\/p>\n

Next let\u2019s determine the DNI for the investment plan.\u00a0 This is the total net profit that the investment plan pays divided by the number of days in the plan — the average daily profit.\u00a0 The most important thing, right?\u00a0 OK, the plan is 12 weeks or 84 days long.\u00a0 In the First Thoughts article reprinted above, we noted that the total net interest for the program is 80%.\u00a0 So, if you divide the total interest of 80% by 84, the total number of days in the plan, you get the DNI for the plan.\u00a0 The answer is 0.95%.<\/p>\n

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

As we already indicated in the First Thoughts article, the investment limits for this investment plan are very sensible and realistic.\u00a0 Certainly, any investor can afford the minimum of 0.005 BTC (around $30 if 1 BTC equals around $6,000).\u00a0 And, the maximum of 1 BTC is realistic.\u00a0 To its credit, Elirtex <\/a>is not shooting for the moon hoping that it will catch an unwary investor who might invest 100 BTC or thereabouts in hopes of quick riches.\u00a0 This is an all-too-common practice in HYIPs.\u00a0 I note that, if, indeed, an investor really wanted to invest a very large sum into this plan, nothing would stop him as he could certainly make multiple deposits of the 1 BTC maximum.\u00a0 So, Elirtex <\/a>loses nothing by advertising a sensible maximum investment and, at the same time, improves its credibility as a more ethical investment platform.<\/p>\n

It takes a month and a half for the investment plan to break even, half the three month total length of the plan.\u00a0 This is OK.\u00a0 It could be better; it could be worse.\u00a0 However, paying a higher return to decrease the breakeven time (and to increase the profitability of the plan), would put the sustainability of the overall program at risk.\u00a0 We\u2019ll talk more about that shortly.\u00a0 It is important to note that, since the investment plan provides daily returns, the amount of your investment that is at risk decreases on a daily basis.\u00a0 This is a far superior approach to investment plans that do not return your investment until the conclusion of the plan.<\/p>\n

Next, let\u2019s take a look at how profitable the Elirtex<\/a> investment plan is.\u00a0 The DNI of an investment plan is the average profit you earn in a day.\u00a0 If you multiply it by seven, you will obviously get the average profit you earn in a week.\u00a0 So, multiplying the 0.95% DNI by seven, we get an average weekly profit of 6.65%.\u00a0 In HYIP Insights #23<\/em><\/a>, we suggested that a sensible level of weekly profit to aim for in an HYIP would be between 5% and 10%.\u00a0 The higher limit might be the riskier investment plans while the lower limit might be the more conservative ones.\u00a0 You can see that the Elirtex<\/a> program leans toward being more conservative.\u00a0 But, in my opinion, a weekly profit approaching 7% is quite alright with me.\u00a0 However, it might not be enough for the adventuresome investor.<\/p>\n

Another way to look at this is from the point of view of sustainability of the program.\u00a0 In HYIP Insights, #12<\/em><\/a>, we suggested that programs offering investment plans having DNIs less than 1% could have a very good chance of long-term survival.\u00a0 With a DNI of 0.95%, the Elirtex<\/a> program is in this group.<\/p>\n

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

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

Elirtex<\/a> offers a single investment plan that is three months long.\u00a0 This investment plan appears to be very well-designed and would seem to be aimed at the conservative investor looking for a relatively long-term plan as its chances of long-term survival seem to be quite good.\u00a0 It would probably not appeal to the investor who is interested in higher yield short-term returns.<\/p>\n

I hope this information is helpful to you.<\/p>\n

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This program moved to CLOSED! Do not invest there! The Elirtex Investment Plan. There isn\u2019t too much that can be added to what we said in our \u201cFirst Thoughts\u201d article about the Elirtex Investment plan.\u00a0 … Elirtex – Review<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":4856,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[1725,1732,1735,1736,1731,1740,1730,1733,1734,1738,1737],"class_list":["post-4863","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-reviews","tag-elirtex","tag-elirtex-info","tag-elirtex-investment-plan","tag-elirtex-investment-program","tag-elirtex-news","tag-elirtex-review","tag-elirtex-scam-or-paying","tag-elirtex-update","tag-elirtex-updates","tag-elirtex-com","tag-httpselirtex-comrefemilynews","exalt-entry"],"yoast_head":"\nElirtex - 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=4863\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Elirtex - Review - EmilyNews\" \/>\n<meta property=\"og:description\" content=\"This program moved to CLOSED! Do not invest there! The Elirtex Investment Plan. 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Do not invest there! The Elirtex Investment Plan. 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