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18/08/2013. MutualWealth Review and Daily News from the Industry

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Beware! MutualWealth has stopped paying! Do not invest there!

Hi everybody! It’s been a pretty busy weekend for me with MNO which you may have noticed. Even for a Sunday I have to say there seems to be an increase in activity, news stories worth reporting anyway, so I’ll be getting to all that in the second half of this evening’s update. First for tonight however I want to take a more detailed look at a program called MutualWealth, a long term HYIP that’s been around for a while now so I’m sure a lot of you may already know them from other sources. They were just added to MNO a few days ago, though I am aware that certain important changes have been made since originally launching back in January of this year. I know a lot of people’s first concern with a program like this is going to be its age, what with timing being so important in this of all businesses and the fact that no HYIP can last forever. To be honest though I really think that’s going to be far less of an issue with MutualWealth as it’s definitely very much a slow burner and only now beginning to open up to a wider audience. I’d also say that a lot has been invested in the project by its owners and its best days are likely to still be in front of it. So let’s see what MutualWealth have to offer us in terms of investment plans and their other main features and see if you like what you see enough to join.

So starting with the investment plans, the first aspect of MutualWealth to jump out at me, and I mean literally before I had noticed any other feature, was the high cost of joining. Though it’s still not the most expensive I’ve ever come across by any stretch, $100 or more to join any of MutualWealth‘s three plans is certainly going to lessen their appeal to the smaller investors who can’t afford that kind of cash. Especially when you consider that you could join as many as 20 other programs with a $5 minimum for the same price as joining just this one. But anyway, like I said the program has been here since January, so I guess the admin knows what he’s doing and if nothing else it reduces his workload and make sure he only deals with investors who take the industry as seriously as he seems to do. Anyway, once you have decided on a plan there’s just one thing you should keep in mind about MutualWealth as it’s different from most of the programs you might be already familiar with. Basically you need to make a deposit into your main account area first, and only then do you re-distribute your money to your preferred plan (or plans).

It’s going to be difficult to give you any concrete examples of how all three plans work incidentally, due to the fact that returns are variable and you rarely get paid the same amount twice. Like any “real” business I suppose, MutualWealth can have good weeks and bad weeks so it’s understandable that interest rates can fluctuate. In fact it’s even preferable that they do, because this gives the admin tighter control over the program’s cash flow and in the long term will be hugely beneficial in keeping MutualWealth online for longer. All programs collapse when the admin is no longer able to meet the financial commitments made to members, so by making it clear from the start that there are no outrageous amounts of money going to be thrown around and that some weeks you will earn less than others it should help keep things on track.

Now that that’s out of the way, let’s get to the details. The shortest term plan is called The Easy Saver and it runs for a term of 30 calendar days. Despite being measured like that however, payments to members are only calculated on a weekly basis. There’s a $100 minimum to join as I mentioned, and in return MutualWealth are offering a variable rate of anything from a 2% minimum up to a possible 5%. You’re principal is then returned on expiry leaving that as your net profit. As you can see there’s a huge gulf between the potential minimum and potential maximum, but the 2% is “guaranteed” is as much as any online HYIP can make such a claim. Interest is credited to your account every Friday at the same time, and you can withdraw it then. If there’s any reason for you to want to request your principal back early if you wanted to leave MutualWealth then you are free to do so, but there’s a 25% penalty for doing so which by itself is more than any profit you could possibly earn and will therefore result in you losing money if you try it. Just something to keep in mind, so make sure you’re committed to the full term before signing up.

The second plan, The Active Trader, resembles the first plan in many ways. It too carries a $100 minimum deposit to join, and makes weekly interest payments that can fluctuate according to the program’s fortunes. The term runs for 90 calendar days this time (again curious that it’s even measured in days as opposed to weeks) and interest is credited to members accounts every Friday. Again it’s impossible to say exactly what you might achieve by joining this plan, as MutualWealth start payments at 2.5% per week. That’s the minimum they promise to pay you, though on a good week it could be as high as a 6% maximum. This would make MutualWealth comparable to some of the better longer term HYIPs in recent years, though is unlikely to be made on a consistent basis. Your principal is returned on expiry, though early withdrawal is allowed for a punitive 40% penalty fee.

Finally then the third plan, called Growth and Income, looks on the surface to be the most profitable (which it will be if MutualWealth are still around) but is hugely more risky as I shall explain. So just like the other plans you can join for a $100 minimum deposit and in return earn a weekly interest payment for yourself. The term runs for 180 calendar days and the rate, which varies from week to week, starts at a minimum of 3%. This can possibly be as high as 8% weekly, and though I wouldn’t bank on that being met too often the 3% is at least promised. Your principal is returned on expiry and early withdrawal will cost you 60%, so again make sure you are fully committed to the total term.

The thing that makes this plan so much more of a risk however is compulsory compounding. Compounding is voluntary in the first two plans and can be set anywhere from 0% to 100%. For the final plan however MutualWealth have made it mandatory and it has to be set at at least 50%. Just one other quick point I want to make about the plans, officially the maximum deposit is $5 million, so for all intents and purposes there’s no real upper limit to what you can spend.

Despite that MutualWealth have as I already said been online since January it’s only now that the program really looks to be taking shape as a serious investment option for seasoned industry players. The reason I say this is because it was only about a couple of weeks ago that their list of accepted payment processors was expanded to something more comprehensive. Up to then the only way you could deposit or withdraw from MutualWealth was either PerfectMoney or direct bank wire (which is actually a common enough option in the HYIP industry but in practice one very rarely used by investors). Previously LibertyReserve had been on the list but of course we all know by now what happened there. I wasn’t monitoring MutualWealth when LR was closed down so really have no idea how they handled it. The fact that they are still online however is enough to suggest they handled it pretty well. So now EgoPay and SolidTrustPay have been added to the mix and should open the program up to a much wider audience and perhaps do something to offset what’s still a very prohibitive minimum deposit for joining at all in the first place. Another addition made earlier this summer was that of Payoneer debit cards. I personally am not in possession of one so can’t really describe the process for you here, but apparently if you are one of their clients then MutualWealth will facilitate withdrawals directly to the card. Otherwise anyone using the more traditional HYIP payment options will have to log into their private members account area and request their withdrawals, which the MutualWealth admin will then handle manually. You will need to allow up to 24 hours for transactions to be completed, but do keep in mind that they’ll only be handled on business days so make allowances for that if doing it over the weekend.

It should also be noted that once your chosen plan expires and you go to request your principal back that they say it can take as long as 14 days to be returned. I can see no acceptable reason why this would be the case, but that’s what MutualWealth‘s own FAQ section says. Personally I’d hope they would be doing it a lot faster than that, but these are the terms you accept when joining the program so don’t say you weren’t warned if it does turn out to take longer than most (well, all!) other HYIPs.

On the subject of design and security issues however, I suppose this is really where MutualWealth shines and shows itself to be a class above so much else in the industry. To start with the script they are running off is superb, totally unique and developed especially for the program, and quite unlike anything else you’ll see in use elsewhere. I’m no expert mind, but I’d be pretty sure this wasn’t cheap and would say no expense was spared in getting this right. Despite all that it’s still very user friendly by the way, and shouldn’t take more that a few minutes to master from inside your members area once you’ve signed up. The security is almost more like something you might expect from an online banking website than an online HYIP, not that that’s such a bad thing at all of course. On signing up to MutualWealth you will be asked a series of personal questions. Now, I more than anyone else am extremely dubious about what information you share about yourself with a HYIP admin given how as a profession it wouldn’t exactly rate too highly in most people’s estimation. Your own safety is your own number one priority at all times on the internet, and no exceptions. Ever! Therefore the accuracy of the information you decide to share with the admin of MutualWealth is entirely up to you. I see no possible justifiable reason for them needing to know your home address, birthday, phone number, et cetera. After all, a HYIP admin has never published his own details in my near ten years as an investor.

So I’m only going to suggest that whatever answers you provide to these questions, either true or false, will at least be something you remember because you may require it at a later point for accessing your account. For example you are already asked to enter your date of birth when accessing your account area. If you don’t feel like sharing your real age then I imagine anything that’s not in the last 18 years will be fine, but like I said if it’s not going to be your real birthday at least make it something memorable and write it down. Anyway, upon becoming a member you will be assigned a subscriber ID number and a seven digit passcode. When you then log into your account area you will have to enter your subscriber ID, your date of birth, and three digits of your passcode. All very secure I think you’ll agree so even if your password is compromised no one can access your account without your date of birth.

Aside from that, MutualWealth are hosted on a dedicated server with the support and DDoS protection of CloudFlare. For an extra layer of security then MutualWealth‘s website is SSL encrypted by Comodo for safer browsing and more secure transactions. If you have any further questions for the admin or any account related issues that you need to have dealt with then MutualWealth can be reached by a variety of channels, mostly by e-mail. Depending on what exactly you need to discuss with them, there’s a list of different e-mail addresses all dedicated to various subjects. If you wish to speak to someone directly then you’re free to try MutualWealth‘s telephone number between the hours listed, though it’s made clear there are some security restrictions on what can be discussed over the phone. Lastly MutualWealth give a postal address in Hong Kong, though even if it wasn’t the virtual serviced office I believe it to be, they don’t give a zip code so it’s of even less use than it was anyway (which wasn’t much!). Fans of social networking site will be pleased to see MutualWealth keeping profiles on both Twitter and Facebook, and for a change seem to be making better use of them than a lot of other programs.

Overall I have to say MutualWealth‘s is a very impressive website, it’s both inventive and creative and definitely put together by professionals with a view to staying online for as long as possible. Low interest and high minimums to join are going to make this a difficult one to sell, that much I do admit, but over time, and especially the next three months which I feel will be crucial for MutualWealth, I think it will slowly but surely work its way into the portfolios of more and more investors. That being said, we are still talking about a high risk business here so you still need to follow the rules of personal safety observed with all other programs you might come across. This of course starts with the most important thing you will ever learn about the HYIP industry which is to establish a sensible spending limit that you can both afford to spend and afford to lose, and if you are joining MutualWealth then at least consider keeping them as a smaller part of a wider more diverse portfolio.

DAILY NEWS FROM THE INDUSTRY


GESMIE – MNO INTERVIEW ANNOUNCED

The recent interview with the admin of Gesmie (click here to read) caused a lot of interest among readers who also submitted several comments praising the program’s work in supplying them with regular instantly processed payouts to SolidTrustPay, EgoPay, PerfectMoney, and OkPay. Gesmie has been running for about twelve days already offering highly lucrative investment plans with the possibility to earn 105% in 24 hours (single payment on expiry), 150% in 5 days (credited hourly), and 240% in 10 days (credited per second). Minimum deposits start from $1 and the minimum withdrawals vary from $0.5 to $1 depending on your payment processor. An instant 2% deposit fee is also taken automatically from your deposit, so please take this into consideration when calculating any potential income from Gesmie. A nice supplement to the interview which was announced by the admin of Gesmie on his website today would be reading the detailed review which has been published on MNO a few days ago and can be found here. The review is still very much relevant with the exception of the fact that the STP deposits (likewise the deposits made via the three other processors) are now added to your balance automatically and instantly which was a very much needed improvement the admin has since successfully implemented. Here’s the short update taken from Gesmie‘s website which for some bizarre reason was entitled Gesmie vs. MNO:

GESMIE VS. MNO
MNO published interview with GESMIE admin. You can read it here.


ARGOMONEY – WITHDRAWALS PROCESSED AFTER UNEXPECTED DELAY

Just yesterday I moved ArgoMoney to Waiting status on MNO due to a confirmed complaint received from a reader who was not paid to his PerfectMoney account for over 24 hours. I emailed the admin of ArgoMoney and received a response from him before the end of the day saying:
Hello, Paul. Sorry some temporary problem with API script. All will be paid till tomorrow, no worries.

That was a reasonable enough explanation for the pending withdrawals and so, I gave him another chance to prove me wrong and kept ArgoMoney on Waiting status for the time being. Today though I almost lost hope when delays were reported to SolidTrustPay as well, which I also managed to successfully verify. I was just about to move the program to Problem status when a miracle happened and all the pending withdrawals were paid in one go. That didn’t take him long, so I wonder what the actual reason for the delay was. In any case, ArgoMoney is back to Paying status on MNO as of now after the outstanding withdrawals were completed and a short update was issued by the admin:

ArgoMoney Withdrawals processed
Sorry for delayed payments, all is fixed now and we continue our work.
Regards
”.

If you wish to read more on ArgoMoney you can start with my review here. I’ll just remind you that ArgoMoney has been listed on MNO’s Premium listing for about four weeks and is paying on 2.8%-3.5% for a 95 business day investment plan and returning the original principal on expiry. Accepted payment processors include EgoPay, PerfectMoney, and SolidTrustPay and the minimum to invest starts from $20. Let’s hope that no further interruptions will hit ArgoMoney and the program will continue its good work and instant payouts.


SEEDFUNDING – DONT FORGET TO INVEST MONEY FROM E-WALLETS

Due to the workings of the ShadowScript which I already mentioned in my detailed review of SeedFunding (click here to read) an investor must fund his e-wallet first and only then re-distribute the available balance between the three investment plans as he sees fit – 1% for 120 business days, 6% for 22 weeks, 30% for 5 months. Incredibly some investors fail to complete the process and therefore, they face an unpleasant time without their accounts being credited and earning no interest on their money. That’s why it’s so important to actually invest your money after making an e-wallet funding via EgoPay, SolidTrustPay, or PerfectMoney with at least $100 (the minimum required to invest in the first daily paying plan) and the admin of SeedFunding took time to emphasize that in his latest newsletter posted tonight. So if you’re considering investing in SeedFunding or already mistakenly think that your deposit is working while your funds are just sitting there inactive in your available balance please read the full manual of what to do in order to actually “contribute” your funds in the program and start earning. Here’s what the admin had to say:

Don’t forget to CONTRIBUTE
Ladies & Gentlemen,
Some of you have the most beautiful amounts sitting in their E-Wallets, doing nothing. That costs you a lot. Your introducers don’t earn either because they don’t get paid on your wallet-funding. So nobody’s happy unless you do it right.
We cannot back-date contributions for you since the script won’t support that.
(1) Fund your E-Wallet.
(2) Select your plan and make a contribution.
(3) Start earning, either daily, weekly, or monthly.
FAQ #2 and #3 tell you where to click and then it’s just about following the steps outlined by ShadowScript’s system. There is not much room for mistakes, you just have to remember there is another step after you’re done funding your E-Wallet.
We don’t have a search function for this. We either accidentally realize something isn’t right with your account while we are looking for something entirely different in the admin panel, or your accounts are sitting there, funded but not earning, for days or even weeks.
What a loss! You don’t want that to happen, so please go and check your accounts to make sure you moved those funds out of the E-Wallet and into one of our three earning plans.
Do it now, before you forget it!
John. SeedFunding
”.


BILLIONAIRESGROUP – SITE UNAVAILABLE DUE TO TECHNICAL ISSUES

I was about to review the newly added BillionairesGroup on my blog tomorrow, but am unsure if I’m going to actually do so at all now as they’ve been offline all day. There was only a message appearing instead asking the investors for patience:

We apologize. BillionairesGroup is experiencing technical difficulties, please try back later.

In response to my personal email to the admin of the program he assured me that the website would be back and fully functional soon. I’ll let you know as soon as I hear more from the admin and if the site comes back online within the next 24 hours I will have a full review of it on MNO then.


GET PAID REPORT FOR 18/08/2013

Here is the list of the programs from my monitor that paid me for the last 48 hours:
From MNO Sticky list: –
From MNO Premium list: PureIncome, RFIGroup, Gesmie, AlliexFinancial, CatenaFinance, BlackGoldImproFunds, After90Days, LocomotiveTrade, SolomonHit, FidelisFinance, BillionairesGroup, MutualWealth (the first payment received).
From MNO Standard list:  –
From MNO Basic list: InvestmentCapital, OneDollarInvest, InvestAge, GetInstantWithdraw, SecureInvTheInvestmentBank, StrongInvestment, GulfInvestmentClub.

That’s all the news for today, guys. I hope to see you back on MNO tomorrow as I strive to provide you with the most up-to-date news from the HYIP industry and I hope you will support me in my work. See you all then!

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