12/03/09. OakCash Review and Other News

BEWARE! THIS PROGRAM HAS STOPPED PAYING! DON’T INVEST!

Hi guys! Well what another hectic day! I hope you all liked my last review, by which of course I mean I hope you were able to read it and give some serious thought if it is the right program for you or not. And essentially that is what I am trying to do here anyway. To bring you accurate information for you to use as you see fit. And so for my second review of the day as I’ve already had a look an a new autosurf I thought I would now give a turn to an HYIP.

And that HYIP is called OakCash. It’s a medium term program that I must say offers a very enticing return. It offers you a chance to earn anything from 2.9% to 4.4% daily on your investment for period of 31 calendar days. There are four plans for you to consider, called bronze silver gold and platinum. I’ll try to explain them in simplified terms here but realistically I think just the first one will be of interest to most of you. Well maybe the second one might raise a little interest with a few of you also. You can decide that for yourselves.

Starting with the Bronze plan, a minimum investment here of just $10 will earn you a daily return of 2.9% for 31 calendar days. The maximum investment allowed is $999. Your principal will be returned on expiry. It’s an ok plan, perfectly sustainable and as such programs go not a bad return. The only drawback I see is that you will not actually be in profit, or even break even for that matter, until the plan expires. I mean I don’t want to call it a distinct disadvantage. The return is low but then so is the risk. But I do know that a lot of you have a preference for some short term high risk plans. But if anybody thinks it’s not for them I would simply remind them of the importance of diversification ask you to think twice about OakCash. A sample investment of $100 here will earn you a profit of $89.90, and your principal returned as well.

Next is the Silver plan. This one starts with a minimum investment of $1000. A bit more ambitious but I do know that some of you like to play with amounts like this. If you can spare it then this is how it works. The plan also runs for 31 calendar days but this time you will earn 3.2% daily interest with your principal also returned on expiry. A bit more attractive but you will still not be in profit or break even until the plan finishes. Maximum spend here is $4,999.

The third one is the Gold plan. An entry level investment here is a whopping $5,000 so obviously I will just mention it in the interests of completing my review. The maximum spend is $9,999 and once again the duration is 31 calendar days. The daily rate of interest is 3.7% however and your principal is again returned on expiry. My calculations say this will put you in profit after 28 days which is as close to expiry as makes no difference. And as not many readers, myself included btw, have that kind of money to throw around it’s a moot point anyway.

And finally, just in case the King of Saudi Arabia reads my blog, lol, there is the platinum plan. $10,000 is the price you will pay to invest here so I think I should just leave it at that and say if you are interested in hearing more you should just consult the OakCash site for yourself.

It only remains to point out that the only payment processors currently accepted are LibertyReserve and PerfectMoney.

The all important issue of security is quite well handled by OakCash here. They are hosted by Dragonara who I suppose are as solid and dependable as they come, and on a dedicated server which as I said in my earlier review can never be overstated. They are fully protected against DdoS attacks too. The script is licensed from GoldCoders which is also a consistent performer. Maybe not the best online but not a bad one by any means. An extra feature though is the SSL protection in the member’s account area. I notice a small but growing number of sites are beginning to implement this. The sooner investors start demanding it the better but there is still not enough sites using SSL encryption. So kudos to the admin of OakCash for doing it here. It’s a definite advantage to him over his competitors in my opinion.

Information on the origins of the program is a bit thin to say the least so best to treat it like any other online HYIP. But OakCash is not a bad HYIP. They offer an address and phone number in the USA. The address I can not verify and the phone was (as usual!) not answered when I called. As HYIPs are borderline legal at best in the USA I would not take that info too seriously at all. But the fact is that it is still a quality program. It offers quite sustainable plans and in the right hands might turn out to be stable for some time to come. Certainly programs such as this typically tend to outlive their shorter term cousins anyway, and while obviously there are no guarantees, the best time to join, if your going to join at all, is now.

Other news for today.

Let’s start today’s news with one important announcement from the admin of SilverLodge Louse (interviewed here) in which he stated that SilverLodge would be closed for new registrations in a couple of weeks and go private again. Free members will also be deleted. So if you are still considering joining or depositing in SilverLodge do it fast as you don’t have much time to spare. Here is the latest update from SilverLodge:
“We do have way to many free members in our private club, and we will close for new signup on the 28.03.2009, we also will start deleting every free account on this day. We additionally close the bi-weekly plan on this day, so if you want to join the bi-weekly plan do it earlier as this day or miss your bi-weekly returns.
Our Members are growing very fast, and we only allow serious members to be part of this private club.”

It seems unbelievable that such a daily paying autosurf program as 10DailyIncome (reviewed here) is still paying to its members after three weeks online. Especially it’s strange when you see that the majority of autosurfs now are collapsing barely lasting for 1-2 cycles. Anyway, it appears everybody is getting paid from 10DailyIncome and the admin of the program (interviewed here) just sent out another encouraging update addressed to all the members:
“Hello 10DailyIncome family, and a special welcome to our new members!
Just want to touch base with you and affirm that all is super-well on the “home front”. Payouts are 100% up-to-date at this moment, all support mails have been answered, and 10DailyIncome is ROCKING!!!
All withdrawals to date have been fulfilled, except this member (ID 240 Username: Rick Lade), please contact us or send us your STP or SP accounts so we can PAY you. We have written to you four times, and can only assume that you are away on vacation, but please do let us know on your return!!
All free members should please upgrade their account or will be deleted from the program. All paid members should please continue their good votes for the program.
As long as our members stand behind us as firmly as they have always done, there is no limit to where we can go!! We sincerely thank you for your commitment to 10DailyIncome!
“If you don’t know where you’re going, look on the bright side, you can never get lost!”
Your Proud 10DailyIncome Team“.

I’m putting AmaizingAds to Waiting status as I have not been paid on expiry and am waiting more than 48 hours. It seems we have another site which did not last for even one cycle. 13x11Pro and E-CashWave are both going to Not Paying status.

Tradirex site is offline and I I have emailed the admin of the program already and just received the reply. It appears there was some error which they had to fix and so the site should be online shortly. Let’s hope it will get back online soon.

I received the first payment from InfrastructureInv today and moved it to Paying status. As was expected the payouts were paid directly to my LibertyReserve account and I didn’t have to do anything to get them. I hope InfrastructureInv will continue the good job and will keep paying for a long time. I hope to publish the review of InfrastructureInv on my blog soon.

Apart from InfrastructureInv I also got paid today from the following programs: ScotFund, GoldNuggetInvest, UCGCapital, MesirowFinance, NovalexFinance, SilverLodge, ProjectSurf, 4BrothersInvestments, EnscoOffshore, PanaMoney, MajorBarter, GeniusFunds, GeneticsIndustry, Tradirex, Capital-4You, AcrylicTrade, OakCash, PacificSurfing and NanoMoneyCorp.

I joined SI-Fund yesterday and deposited into the one week plan that pays 110.5% after 7 days. There are two more plans you can deposit into SI-Fund which are riskier of course: 160% after 30 days and 350% after 90 days. The minimum to invest in the weekly plan is $5, although in a month plan the minimum is $100 and in so-called “quarter” plan the minimum is the highest at $500. SI-Fund program is SSL-secured and is hosted on a dedicated server with DdoSWiz protection. So we must say that DDoS-protection is quite decent. SI-Fund has been running for about 4 weeks. Among the all time rival payment processors LibertyReserve and PerfectMoney another payment option is available for investors which we see all too seldom among HYIPs: AlertPay. I guess accepting AlertPay will be a feature that will attract the most interest to SI-Fund. Because of AlertPay‘s strict policy against scammers it’s less likely that the AlertPay customers that decide to invest in SI-Fund will lose all their money. I myself also decided to invest via AlertPay just because of that. We’ll see how SI-Fund will perform and once getting paid I will review this program. So far SI-Fund has been running smoothly with on-time payouts and no complaints from the members. Hopefully it will continue this way. I’ll see you on my blog tomorrow!