22/12/2009. Interview with the admin of FinanceNova

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

Hi everyone! As the countdown to Christmas continues there seems no let up in the workload for MNO. So we have another day of posting two updates, and another year of last minute gift shopping! Oh well, not a bad complaint to have either I suppose. Anyway, just like yesterday I’ll be back a little later with all the days most important news stories as well as another review of the most recent addition to my monitoring page, so make sure and check back later for that.

But first I want to share this recent interview with Mitija, whose the admin of FinanceNova. A couple of things have changed since my original review of the program (published here) most notably the design has been almost completely overhauled and is now much more professional, as well as being easier to find your way around. Something that hasn’t changed though is the plans. FinanceNova is still one of the longest fixed term programs on the net with 2.15% for 365 days or 11% for 53 weeks. Both plans give your principal back on expiry.

“1. Please introduce yourself to the readers of money-news-online. Tell us about your own role within FinanceNova. Who else is involved in managing the program with you? What can you tell us about your experience in running an online investment program?

My name is Mitija Majerle. I was born in Italy, but I currently live in Panama, which is also the base of operations for FinanceNova.

I am the CEO and the FOREX trader. We have two great stock traders who generate the biggest part of the profits. We also have one employee who is in charge of user support and payments and, due to our growth, it seems we shall soon have to employ more people in that position.

2. Can you give us some background information on FinanceNova? How long have you been online? What are you realistically hoping to achieve by running this site?

The three of us (the two traders and me) were working together for the past 4 years. In the beginning we worked as a closed, private, fond for a couple of large investors. As we operated superbly as a team and achieved excellent results, we decided to offer our services to the public. We quickly realized that the best solution is the Internet. And so we started a site, which is online since the 4. September of this year. Our expectations? We hope that in a year, until the end of 2010, FinanceNova will be an recognizable brand as the best online investment program. Some might think that such expectations are unreal, but with regards to the good and stable profit we are generating, I find them realistic.

3. What are the investment plans you are offering investors? What are the minimum and maximum amounts to invest? What payment processors are you currently dealing with? Are payouts automatic or do I need to request them?

We offer two plans, daily and weekly. As their names suggest, with the daily plan the investor gets daily payouts while the weekly one offers one payout a week. The profit for the daily plan is 2.15%, and it is 11% for the weekly plan. The minimum investment is only $1. We offer that so new investors can test our program with a small investment.

Payment processors with which we currently work are GlobalDigitalPay, LibertyReserve, and PerfectMoney. There is also a possibility that we will add others, if our investors show interest. The payouts are processed manually, with a maximum time frame of 24 hours, although in practice it usually takes less time. On average it takes around 2 hours to process one withdrawal.

4. Security is a huge concern for online investors. What steps have you taken to protect FinanceNova from hackers and DDoS attacks? Who is your hosting provider and are you on a dedicated server? Who provides the script and is it licensed?

We pay close attention to security. As you already know just a few days ago we migrated to a new, better, and more safe server. Our server is dedicated, DDoS protected and we have an SSL certificate. Black Lotus does the hosting.

We are currently using a licensed Gold Coders script, but we are planning to use a unique one in the future as this one does not accommodate all the requirements we have. The second option is that we make arrangements with the Gold Coders programmers so that they modify the script to fill our requirements. This is all still in the planning phase, and we did not make any decisions yet.

5. I also know that you have made major changes to the design recently. First of all can you explain why you thought this was necessary? And secondly can you tell us what the practical benefits of this are for the investors?

Put simply, many disliked our old design. It was hard to navigate, and we probably lost some potential investors because of it.

The new design is far more easy to navigate. And it’s prettier to boot!

6. What advertising strategy are you using to further promote FinanceNova among potential new investors? Are you happy with the level of support offered by existing members?

To be honest, we did not invest much in promotion. Aside from a few monitors and forums, most of out investors came thanks to the referrals of our pleased costumers. That also means I am very pleased with the support of our costumers, and I believe that they are also pleased with us.

7. What about the success of the program overall so far? Are you pleased with the level of growth to date? Can you give us any statistics on the amount of members and the total amount deposited? What are your expectations over the coming months?

It seems that the investors have recognized the quality of our service, so as a result we have grown faster and stronger than we had initially expected. That is unfortunately all I can say as our statistics are confidential.

As I already said, we are expecting to become the leading online investment program by the end of next year.

8. What level of customer support do you offer members? How can they contact you if they have any issues with their investments?

They can contact us through a support ticket form. Support is quick and efficient.

9. Long term HYIPs can often be more successful for investors than short term ones. Why do you think this is? What is your opinion of short term programs, long term programs, and the online HYIP industry in general?

Well, the issue at hand is the fact that those, so called, “short term” programs are indeed typical Ponzi schemes or frauds. When you see someone offering 50% for one day you can be pretty certain that those people will disappear (together with your money) in a few days. Can you make some profit in such schemes? Maybe, if you invest in the beginning, but that is gambling pure and simple.

Generally, online investments are full of false promises and frauds. If you learn how to identify which is which, you will be successful.

10. Christmas has never been a good time for online HYIPs. There are a lot of scams around at the moment. What do you think about that and what would you like to say to convince readers that you are genuine?

I agree, we already received a few e-mails from investors who are afraid of frauds. We told each of them that if they are afraid then they can wait a bit, until Christmas passes, to invest in FinanceNova. We do not push people to invest. They can wait for January. We will still be there.

11. And finally what are the future plans for FinanceNova? What can we expect from you over the coming weeks and months? Will there be any further changes or improvements that you may consider?

Yes, as we had promised earlier, we are planning some positive changes. We will not unveil them for now though, we want to keep them as a nice surprise.

Finally, I want to thank you for allowing me to introduce myself and FinanceNova on your site. Also, I would like to wish you readers happy holidays. Thank you.”

I’d also like to say thanks to Mitija for taking the time to answer my questions and wish him and his program all the best for the holiday season. I hope you found it interesting and helpful in deciding if FinanceNova is suitable for you or not.

While it’s difficult to picture FinanceNova as an overnight success, that can also be part of its strength. It’s been a slow burner up until now for sure, but it’s also been a consistent performer as well.

That’s all for now everyone but as I said at the start I’ll be back in a short while with all the important news stories from the programs on my monitoring page so don’t go far, OK!