{"id":6898,"date":"2019-04-22T04:34:32","date_gmt":"2019-04-22T04:34:32","guid":{"rendered":"http:\/\/emilynews.com\/blog\/?p=6898"},"modified":"2019-04-24T04:15:17","modified_gmt":"2019-04-24T04:15:17","slug":"icworking-review-part-1","status":"publish","type":"post","link":"https:\/\/emilynews.com\/blog\/?p=6898","title":{"rendered":"ICWorking – Review Part 1"},"content":{"rendered":"

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

In our recent \u201cFirst Thoughts\u201d article about ICWorking<\/a>, we provided a fairly complete summary of the company\u2019s five investment plans.\u00a0 In the way of an introduction to this review, I\u2019ll repeat that summary here\u2026<\/p>\n

For the investor,\u00a0ICWorking\u00a0<\/a>offers five different investment plans.\u00a0 They form a very logical set of plans that are very easy to understand.\u00a0 Specifically, the plans are 30, 60, 90, 120, and 150 CALENDAR days\u2019 long (1, 2, 3, 4, and 5 months\u2019 long) and they pay 0.8%, 0.9%, 1.0%, 1.1%, and 1.2% interest per BUSINESS day, respectively.\u00a0 So, you can see that there might be some confusion between calendar days and business days.\u00a0 However, if you are aware of this possible pitfall, it is very easy to take care of it.\u00a0 All of the plans return your investment at their conclusion.\u00a0 So, this tells you that, assuming a plan survives until its conclusion, the interest that it pays you will be your net profit.\u00a0 One final point is that the minimum investment for all the plans is only $10.\u00a0 So, all are equally affordable to the online investor.\u00a0 You can see that the higher interest plans are the ones with the longer terms.\u00a0 So, this is the balance between profitability and risk \u2014 that always occurs in the HYIP industry.<\/p><\/blockquote>\n

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

Now, let’s expand on this information by providing all the information for each of the five ICWorking <\/a>investment plans as it is given in the website.<\/p>\n

Plan #1
\n30 calendar days long
\n0.8% per business day<\/p>\n

Pan #2
\n60 calendar days long
\n0.9% per business day<\/p>\n

Plan #3
\n90 calendar days long
\n1.0% per business day<\/p>\n

Plan #4
\n120 calendar days long
\n1.1% per business day<\/p>\n

Plan #5
\n150 calendar days long
\n1.2% per business day<\/p>\n

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

As we pointed out in the First Thoughts article, the ICWorking <\/a>investment plans might be confusing because they simultaneously deal with both calendar days and with business days.\u00a0 For example, Plan #1 is 30 calendar days long but it only pays you a return on business days.\u00a0 There are typically 22 business days per month. So, for this plan, you would receive a return 22 times.<\/p>\n

This implies a conversion factor.\u00a0 If you multiply the number of calendar days in each of the plans by 22\/30, you will get the number of business days in each of them.\u00a0 Here\u2019s the result:<\/p>\n

Plan\u00a0\u00a0\u00a0\u00a0 Calendar Days\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Business Days<\/p>\n

#1\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 30\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 22
\n#2\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 60\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 44
\n#3\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 90\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 66
\n#4\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 120\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 88
\n#5\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 150\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 110<\/p>\n

This information will help us out with a number of issues that will come up in our analysis on the investment plans.<\/p>\n

Since these investment plans don\u2019t return your investment until the end of the plan, you will want to know whether or not you will break even before then.\u00a0 Let\u2019s do a spot check; I don\u2019t think you will.<\/p>\n

For Plan #1, you will receive 22 payments of 0.8% for a total of 17.6%.\u00a0 That\u2019s a long way from breaking even.\u00a0 How about Plan #5, the most lucrative longest-term plan?\u00a0 In this case you will receive 110 payments of 1.2% or a total of 132%.\u00a0 So, this plan WILL break even before it ends.\u00a0 Next divide 100% by 1.2% to find out exactly how many business days it will take the plan to break even.\u00a0 The result is 83.33 business days.\u00a0 Finally, multiplying by the 30\/22 conversion factor, you get that this plan breaks even in around 114 calendar days.\u00a0 If you do these same calculations for the other plans, you get the following results:<\/p>\n

Plan\u00a0\u00a0\u00a0\u00a0 Days to Break Even<\/p>\n

#1\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 30
\n#2\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 60
\n#3\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 90
\n#4\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 120
\n#5\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 114<\/p>\n

So, only Plan #5 breaks even before the plan ends.\u00a0 For Plans #1 through #4, you have to wait until your investment is returned at the end of the plan before you break even.<\/p>\n

Next, let\u2019s take a look at how profitable the plans are.\u00a0 For the ICWorking<\/a> investment plans, we already pointed out that, since the plans all return your investment when they end, your daily earnings can be considered to be your net profit.\u00a0 This assumes that the program will survive until all the programs end.\u00a0 This is actually a big assumption given that the ICWorking <\/a>investment plans can be a s long as 150 calendar days (five months).\u00a0 But, with this caution in mind, we\u2019ll make that assumption in an effort to keep this analysis understandable.<\/p>\n

Let\u2019s start with Plan #1.\u00a0 In this plan, your total gross earnings will equal the daily gross return of 0.8% times the 22 business day length of the plan.\u00a0 The result will be 17.60%.\u00a0 \u00a0When talking about profitability of an investment plan, we first determine its DNI.\u00a0 This is the average daily net interest that it will pay you.\u00a0 It is very important to note that this quantity is based on CALENDAR days.\u00a0 So, for Plan #1, to get its DNI, we must divide the total gross return of 17.60% by the 30 calendar day length of the plan.\u00a0 The result is 0.59%.\u00a0 If you repeat this arithmetic for the other four ICWorking <\/a>investment plans, you get the following results:<\/p>\n

Plan\u00a0\u00a0\u00a0\u00a0 DNI<\/p>\n

#1\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 0.59%
\n#2\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 0.66%
\n#3\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 0.73%
\n#4\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 0.81%
\n#5\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 0.88%<\/p>\n

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

OK, we\u2019ve determined a LOT of numbers for the ICWorking <\/a>investment plans.\u00a0 In Part 2 of this review<\/a>, we\u2019ll take a close look at these data in an effort to nail down the pros and cons of this investment program.\u00a0 Please stand by.\u00a0 Part 2<\/a> should be ready within a day or two.<\/p>\n

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The ICWorking Investment Plans. In our recent \u201cFirst Thoughts\u201d article about ICWorking, we provided a fairly complete summary of the company\u2019s five investment plans.\u00a0 In the way of an introduction to this review, I\u2019ll repeat … ICWorking – Review Part 1<\/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":[2389,2384,2383,2382,2385,2391,2388,2386,2387,2390],"class_list":["post-6898","post","type-post","status-publish","format-standard","hentry","category-reviews","tag-httpsicworking-com","tag-icworking-info","tag-icworking-investment-plan","tag-icworking-investment-program","tag-icworking-news","tag-icworking-review","tag-icworking-scam-or-paying","tag-icworking-update","tag-icworking-updates","tag-icworking-com","exalt-entry"],"yoast_head":"\nICWorking - Review Part 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=6898\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ICWorking - Review Part 1 - EmilyNews\" \/>\n<meta property=\"og:description\" content=\"The ICWorking Investment Plans. 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In our recent \u201cFirst Thoughts\u201d article about ICWorking, we provided a fairly complete summary of the company\u2019s five investment plans.\u00a0 In the way of an introduction to this review, I\u2019ll repeat … ICWorking – Review Part 1Read more","og_url":"https:\/\/emilynews.com\/blog\/?p=6898","og_site_name":"EmilyNews","article_published_time":"2019-04-22T04:34:32+00:00","article_modified_time":"2019-04-24T04:15:17+00:00","author":"Emilynews","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Emilynews","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/emilynews.com\/blog\/?p=6898","url":"https:\/\/emilynews.com\/blog\/?p=6898","name":"ICWorking - Review Part 1 - EmilyNews","isPartOf":{"@id":"https:\/\/emilynews.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/emilynews.com\/blog\/?p=6898#primaryimage"},"image":{"@id":"https:\/\/emilynews.com\/blog\/?p=6898#primaryimage"},"thumbnailUrl":"http:\/\/emilynews.com\/blog\/wp-content\/uploads\/2019\/04\/icw468.gif","datePublished":"2019-04-22T04:34:32+00:00","dateModified":"2019-04-24T04:15:17+00:00","author":{"@id":"https:\/\/emilynews.com\/blog\/#\/schema\/person\/d198218498e05856be72796eea940a33"},"breadcrumb":{"@id":"https:\/\/emilynews.com\/blog\/?p=6898#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/emilynews.com\/blog\/?p=6898"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/emilynews.com\/blog\/?p=6898#primaryimage","url":"http:\/\/emilynews.com\/blog\/wp-content\/uploads\/2019\/04\/icw468.gif","contentUrl":"http:\/\/emilynews.com\/blog\/wp-content\/uploads\/2019\/04\/icw468.gif"},{"@type":"BreadcrumbList","@id":"https:\/\/emilynews.com\/blog\/?p=6898#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/emilynews.com\/blog"},{"@type":"ListItem","position":2,"name":"ICWorking – Review Part 1"}]},{"@type":"WebSite","@id":"https:\/\/emilynews.com\/blog\/#website","url":"https:\/\/emilynews.com\/blog\/","name":"EmilyNews","description":"EmilyNews Blog","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/emilynews.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/emilynews.com\/blog\/#\/schema\/person\/d198218498e05856be72796eea940a33","name":"Emilynews","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/emilynews.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/080b41979dac9ab029c0867a1655bdaf?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/080b41979dac9ab029c0867a1655bdaf?s=96&d=mm&r=g","caption":"Emilynews"},"url":"https:\/\/emilynews.com\/blog\/?author=1"}]}},"_links":{"self":[{"href":"https:\/\/emilynews.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/6898","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/emilynews.com\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/emilynews.com\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/emilynews.com\/blog\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/emilynews.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6898"}],"version-history":[{"count":0,"href":"https:\/\/emilynews.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/6898\/revisions"}],"wp:attachment":[{"href":"https:\/\/emilynews.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6898"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/emilynews.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6898"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/emilynews.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6898"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}