06/11/09. FinanceNova Review and Other News

BEWARE! THIS PROGRAM HAS STOPPED PAYING! PLEASE DO NOT INVEST!

Hi guys! I hope your all keeping well this Friday and looking forward to the weekend! What better way to start it than catching up with all the latest news from your favorite blog? Well, OK then, it’s my favorite blog, lol!

Anyway today I want to get away from the short term programs that have dominated these pages over the last couple of days and branch out a bit. Spread my wings if you like! I want to get back to looking at long term investment projects and one in particular that you may remember I introduced to you first on Wednesday last called FinanceNova. Second only to the “perpetual” programs that I cover, i.e those with no expiry date at all like SazaInvestments or GoldNuggetInvest, FinanceNova have the longest investment term of any program I am currently monitoring. So for those of you who prefer long term plans, sit up and pay attention because at a full year in duration they don’t come much longer than this one.

You might think that it would take a lot of patience to join a program like FinanceNova and you’d probably be right. But on closer inspection we can see that it doesn’t really take that long a time to recoup your principal and start earning a profit. There are two plans on offer that will pay you either daily or weekly and actually it only takes a relatively short period of time to start claiming a passive income from them. I’ll explain in more detail here. Of course the big question is whether or not FinanceNova can last that long and that’s another matter which is entirely up to yourself to decide. But let’s stick to the plans for the moment.

As I said there are two of them. The first one pays you by the day and runs for 365 calendar days. Please be aware though that these daily payments are only made on business days, Monday through Friday. The minimum amount you may deposit in this plan is just one single dollar. There is no maximum so you are free to spend pretty much whatever you like. The rate of interest is 2.15% per day, which will add up to 10.75% per week (5 payments). So if we were to take a theoretical example of a $100 investment that would mean 5 daily payments of $2.15 per week, giving you $10.75 per week. Which means that you will have broken even after 47 business days, or just short of 10 weeks. As long as FinanceNova survives after that they will be paying you pure profit, though your principal is promised to be returned on expiry.

The next option pays by the week and runs for the slightly longer duration of 55 weeks. To be perfectly blunt about it I would consider this plan to be a bit pointless. It’s made almost totally redundant by the fact that it pays mere pennies more that the previous plan, but for taking such a bigger risk. The amounts you may invest are the same, i.e anything upwards of $1, but the rate of interest is almost identical as well with 11% per week being what’s on offer. So for a $100 investment here that will be a weekly payment of $11. Now considering that that is a mere $0.25 extra for every $100 you spend, but you remove the added security and peace of mind that goes with daily payments then I don’t really think it’s worth it. Of course that’s just my amateur opinion and as we’re talking about your money then it’s your decision. And while the plan itself runs a little longer (an extra 3 weeks) giving you some extra payments, over the course of 12 months I still wouldn’t consider that to be much of an incentive. You will break even and see your first profit in week number ten. Your principal will also be returned on expiry.

A couple of other things you should be aware of before joining FinanceNova are that the payment options open to you at the moment include LibertyReserve, PerfectMoney, and the brand new GlobalDigitalPay. If I could just sidetrack for one moment I just want to say that I have little doubt that this new GDP payment processor will eventually be a big success, so if there is anybody currently using them to invest (either with FinanceNova or anywhere else) please leave a comment either on my ShoutBox or by mailing me to let me know how you would rate them so far. Another thing is that the option of compounding, should you wish to use it, is allowed. Payments are not automatic and need to be requested. You are asked to allow 24 hours for it to be processed. And finally no mention is made about any kind of an early withdrawal clause so it’s pretty safe to assume that once you are in, you stay in until the end.

The design of the site is quite amateur in my own opinion event though the admin has still taken some good steps to protect it. It has SSL encryption for instance which is sadly lacking in so many other programs. They are hosted on a dedicated server and protected from DDoS attacks by BlackLotus. The script in use is licensed from GoldCoders. All of which is fine, but combined with the amateur looking layout gives the impression of a first time admin with the best of intentions. We’ll see. Any questions can be directed to the admin via an online e-mail support ticket system.

There is a very brief statement about FinanceNova‘s trading activities on the home page but that can unfortunately be disregarded completely. Not a single word of the text is original and the very same thing has been used verbatim in several other online HYIPs. Having said that however once having a quick look around the discussion forums the feedback would appear to be largely positive. So I guess not everybody gets too bothered about whether or not they are what they say they are. Just as long as you’re aware of it.

FinanceNova is already online for the last two months so it’s a long way short of being new exactly, but in the greater scheme of things (i.e the plans run for a year) it’s not that far gone either. Difficult to imagine them becoming popular and I very much doubt we’ll be seeing them as a leading player anytime soon. Worth keeping an eye on though and might be worth a couple of dollars for diversity.

Other news for today.

Ok, then! First things first. GoldNuggetInvest is coming back online. Well, to tell you the truth for me the site was online for a short period already but at the moment of writing I can’t access it. I can see the message about the temporary difficulties with access from their hosting provider BlockDos. When I was able to get access it helped me though to set up my new secondary password which will be a new feature in the script. You will have to choose the secondary password yourself during your first login to your GNI account which will be necessary when you decide to withdraw your money or indeed to change anything in your account. In his latest update the admin of GoldNuggetInvest Robert (interviewed here) emphasized the vital importance of remembering this password which will be very hard to restore if you lose it or forget it somehow. There will be a long verification process involved before you can gain access to your account again so please remember the secondary password you will be asked to set up. Apart from that everything seemed to be working fine and I could see all my earnings and withdrawal requests properly and in order. I guess after general access to the website is restored I will have to think of publishing a revised review of GoldNuggetInvest in the near future. I feel my readers deserve an updated version that would explain in detail the advantages the new script is providing for you. If you can access the new GoldNuggetInvest website properly please feel free to browse the new features which includes the new secondary password and secured SSL-connection and request your withdrawal. All accounts should be fine now but if you still have some issues don’t hesitate to contact their support. Here is the full version of this very important newsletter from Robert about the new features and the new website which is finally up and running:
“Dear esteemed members of GNI:
In a very short while, you will be entering into the next phase of GNI’s growth with the introduction of our new script!
This is the result of several months of hard work, starting with Robert, the Customer Service Support Team, the User Acceptance Team, the Members at Large and of course the Software Development Team at ShadowScripts.com.
We recognize there may be some deficiencies, frustrations and/or delays in some algorithmic responses; by and large, however, we feel you will be very pleased with the end results.
Included on the new site, along with some awesome and powerful new security measures (such as SSL encryption), is a GNI Users Guide. This will be a living document, always subject to revision(s) and / or change(s) as we see fit.
The old script has run its course. Its time for the new, and improved version.
There is one aspect of the script that demands your attention, the secondary password. I cannot emphasize enough the importance of remembering this password. For us to reset this, you will need to provide picture ID, utility bill and have your GNI account set up so that we have something against which can verify this information. Those of you who have signed up with your first name or very little information….you’re going to be up against a wall. We can’t give away member accounts and we won’t. Consider yourselves being notified. Please treat this secondary password like the PIN of your Credit or Debit Card!
If you find the script improperly calculating your balance, rate of interest, deposits; we are confident you will come forth regardless if your account balance improperly reflects an inflated balance or one that needs the posting of additional funds. This is very important to the integrity and survivability of GNI.
We are further aware of referral abuse and ask those of you withdrawing in and out of payment processors in your pursuit of additional funds to please stop. The referral program was set up to reward those who bring in new members to the program If you are using the referral program for anything else, it is considered abuse and we ask that it be stopped, immediately. We don’t want to have to remove anyone from the program due to greed. We are paying a healthy interest rate and it is our plan to be here for the long haul.
Finally, if we don’t get to your support request or request for assistance within a reasonable time, please do not get an attitude. Those who have been patient have NEVER been unhappy with our service. Remember, if you are owed back interest resulting from a mistake or issue we have made, you will receive the interest owed, if not, you won’t.
Having said all this, you can be sure we’ll be there, paying regularly and doing our best for the GNI Family.
To the nay-sayers, all we can say is we’re sorry, but every once in awhile there comes a long a diamond in the rough……Enjoy the next phase of GNI!
We wish you a great weekend, Robert and the GNI Support Team”.

If you’re a member of PTVPartner program (reviewed here) you might have been aware that the site is currently offline. You can see the following message now instead of the site:
“We’re Moving To New Server.
If you see this page then you are still connecting to our old server. DNS propagation may take 1 to 48 hours.”
I have contacted Garrett for an explanation already and received a reply that this was due to a planned transfer of the site to a new server in Malaysia and a new hosting provider which in this case will be BlackLotus. This measure was really essential as the new flash version of PTVPartner site will consume a lot more traffic and the new server they are moving to will allow an unlimited bandwidth which will be necessary to provide a stable working environment without interruptions for the PTVPartner site. Well, it looks like the transfer process is taking longer that was originally anticipated by Garrett but once it’s all done he promised to send a newsletter to the members letting us all know. I wish Garrett a smooth transition for his site and let’s keep our fingers crossed for him!

The admin of SazaInvestments program (reviewed here) disabled the withdrawal button and informed us that everybody was paid. The cashout button will be enabled again next Friday:
“All payments has been done again. Next payday will be next Friday. Thank you all for your trust in us and for being such wonderful people. Regards, SazaInvestments Team”.
Also it seems that somebody wrote in my ShoutBox today complaining that his account had not been fixed. According to my information by this time every account is SazaInvestments should definitley be fixed and the earnings should have been credited to all accounts. Please note that if you haven’t been paid it’s probably due to the fact that you abused the system and requested an amount bigger that you were owed. So please check your account again and make sure that the payout requested was real and did not exceed your real earnings. All problems with the database that happened earlier this week have been fixed now.
By the way, the admin of SazaInvestments Ricardo (interviewed here) apologized for some errors again and told me that having over 4,000 members it was a huge task for his team to audit and fix each and every account, credit the missing deposits, subtract the extra earnings that have already been paid and credit the earnings for the missing days due to the database issues. Well, I understand that there are real people and not robots behind SazaInvestments so if you still have some issues with your account please don’t hesitate to contact them. You will be helped and your account will be properly adjusted.
By the way, I’m also thinking of writing a revised review of SazaInvestments as well very soon because the program has improved enormously since the time the last review was published (an option for payment via bank wire was introduced, a new office unveiled, phone support and certificate of registration was presented, etc.) and maybe even interview the admin Ricardo again. Please let me know if you like this idea as SazaInvestments is one of the best performers at the moment and currently occupies the #3 spot on my monitoring page.

The admin of OctProfit (reviewed here) sent out the first newsletter today announcing an investment bonus, the first referral contest, and reminding us about the instant payouts to LibertyReserve and PerfectMoney for any plan. They are presently offering (118% after 4 days, 150% after 10 days, 175% after 15 days). Here is the newsletter for OctProfit members:
“Hello Everyone, I am really excited to send you all my first newsletter. I am sure that this newsletter is going to make you guys also excited.
First of all, I would like to mention about the bonus we are offering. All members who make a deposit of $500 or more will be considered as VIP members. Such members’ accounts will be credited with an extra $50 bonus.
The next announcement I would like to make is about the referral contest we are going to have. The contest will begin on Nov-6-2009 November and end on Nov-13-2009. The person who gets the most number of active referrals (referrals with active deposits) will be given a prize of $100. The second winner will be given a prize of $75, and for the third, a prize of $50. Now that’s all about the referral contest.
I would like to remind you all that, all LibertyReserve and PerfectMoney withdrawal will be processed instantly while all AlertPay and StrictPay withdrawals will be processed manually within 24 hours.
I wish you all happy earnings with OctProfit.
Kind Regards. OctProfit Admin”.

I joined a new short-term program today that just launched a few hours ago. It’s FXFManagement and offers two investment plans: 125% after 5 days and 150% after 15 days. In my opinion the admin has some serious issues with basic mathematics because the second plan is definitely not so profitable as the first despite the much bigger risk. Apart from that FXFManagement is a good game running on a licensed GoldCoders script but on a shared server from LiquidWeb. You may well ask whya shared server is ok in this case. Well, it’s because another long-lasting program is running on the very same server is FxCapitalInvestment (I wonder if there is a connection?) which hasn’t experienced any significant downtime since opening. Of course, if the admin is the same I can only welcome it because FxCapitaInvestment has been running for over 50 days already which is a very good achievement for any short-term HYIP. Anyway, FXFManagement offers four payment options for depositing: AlertPay, StrictPay, LibertyReserve and PerfectMoney. The minimum to invest in the more profitable 5 day plan is $5 and in the less profitable 15 days plan the minimum is $10. I will review the program as soon as the first payment is received but I tend to believe FXFManagement should run at least for a couple of cycles. Don’t invest in the 15 day plan of course unless you also have problems with elementary maths! I will explain about it in more detail in my review coming soon. So stay tuned for that, guys!

And so to finish there is the usual payment report on the programs that paid me today. They include: MoneyCare, LogicProfit, GeniusFunds, OctProfit, PremiumCapital, MoneyPlus, CedexInvest, 4CountriesCapital, TheKapital, SavInvest, OneDailyPro, CSMFinance, AtlantisMutual, IncoForex, KobelCapital, GlobalFund, SazaInvestments, BlackDiamondPortfolio, Infinitum, MandarinInvest, CorpoNano and FinanceNova (the first payment received). I’ll see you all again tomorrow with more news and views from the industry!