08/07/2010. SolidInv Review and Other News

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

Hi everyone! As promised earlier today I have all the main news stories for you now, along with a closer look at a new short term HYI program called SolidInv. It’s a program that’s turned a few heads in recent days, and it’s easy to see why. There seems to be a pretty deliberate attempt from the admin to have SolidInv associated by default with another recent short term program that although successful while running (aren’t they all?) still collapsed. But given the fact that short term HYIPs are so far out of favor with a huge number of investors now, investors that used to love them, that I think it may take a bit more than just emulating the success of others achieved at a time when conditions in the industry were very very different to what they are today.

Personally I don’t think much of those comparisons as it’s just too obvious as to verge on almost lazy, with identical plans and an almost identical home page. But you know these things happen time and time again in the HYIP industry though if you spend not more than five minutes following this on the major forums you’ll see that no more than a tiny handful of investors seem to even be remotely interested in this. So unless you are fully prepared to accept SolidInv as a game from which there are no guarantees then you should stop reading now. Having said that interest in SolidInv has still been surprisingly brisk.

So starting at the beginning SolidInv has three fairly standard industry plans typical, or at least comparable, to a lot of recent online HYIPs. Precedents exist when other programs offering something similar ran for months. Of course a lot has changed since the last time that happened.

The first of these three plans is open to a minimum investment of just $5, so already it’s more than affordable. The investment term is for 5 days and on expiry you get paid 116% interest. That figure includes your deposit so if you were to let’s say join with $100 the total and final amount you should expect back from SolidInv would be $116. Simple, eh? The maximum amount you are allowed to invest with here is $5,000.

And that’s pretty much the way it is for the other two plans as well. The second one is only open to deposits of at least $50. It runs for a term of 10 days and on expiry pays 145%. Once again that already counts your principal so the same $100 spent here nets you $145 in return at the end. Maximum spend is $10,000.

The third plan runs for 20 days. In return for it being the riskiest plan it’s also the most profitable. And although the price of joining it does go up I’m pleased that the admin has decided to keep the minimum investment at a reasonable level. The minimum investment is $100, and while I know a lot of you aren’t spending anything like that these days it’s still a fairly reasonable amount by industry standards. And anyway, if you don’t like it then feel free to put your money back in your wallet and don’t join. The plan itself runs for 20 days and you get paid on expiry. The return is 210% which also includes your principal. Meaning that a minimum spend of $100 here will get you back a total figure of $210 on expiry. The maximum investment in this plan is $20,000.

A couple of other things you’ll need to know about the plans is that first of all the selection of payment processors includes AlertPay, LibertyReserve, and PerfectMoney. You are requested to allow them 24 hours to complete your payment after you have requested it. Payments are made seven days per week.

The security of SolidInv is up to a good standard for a short term HYIP with 256 bit SSL encryption being used. It’s certified by Comodo. In addition to that they are also hosted on a dedicated Staminus server supported and protected by DdoSWiz. And the script is under license from GoldCoders. Customer support comes in the form of an online e-mail ticketing system. There is also a live chat function though I’m not aware of it being in use. The design of the SolidInv website overall is nothing special, but it is also copied almost word for word from another source and with the same template. Not exactly the first time that’s been done in this business either by the way.

Which then leads us to the business plan of the program. Again, as a straight copy/paste of another online HYIP that has since scammed, I suggest you ignore that part and only join if you accept the program as a game and keep the current level of participation in short term games amongst investors at the forefront of your mind.

OTHER NEWS FOR TODAY.

The admin of GoldCollarInvest issued another newsletter today, the first since they migrated their site to a GoldCoders script while keeping the existing plans intact with 8% to 12% weekly payments paid in regular daily installments (read more on that in my review here). Due to this migration the option of compounding is open now to members so you can use that if you want to earn more from the program. Another change is that weekly profits will be credited to members’ accounts on Sundays so if you make your investment to GoldCollarInvest on Saturday you’re still eligible for a weekly payment. Please note that GoldCollarInvest currently has 250+ members and counting and please do not forget to support the program on its official thread on the MNO forum here. This is the latest news from GoldCollarInvest project sent by the admin Bruce today:
“Dear Gold Collars,
We at GoldCollarInvest have reached the 250 member mark in a short period of time and that is a good start for a fresh program like GCI. The script change is really working well as far as the members are concerned and as I believed, it will definitely add more convenience and ease to everyone of you.
Some additional info I would like to add here. There is a compounding feature available in the new model of our website where you may choose the compounding % of your choice. You should have noticed this feature while making new deposit. Just leave the compounding % to 0 if you do not want to compound.
Another important information is that :
As per the change in the FAQ section of our website, the withdrawal requests will be usually processed within a few minutes but may take up to 12 hours depending upon the availability of the support staffs who is in charge of making payouts. Profit for the weekend will be credited in your account every Sundays at the same time when you made your investment. Even the investments made on Saturdays are eligible for a 3% to 5% weekly profit on the next day.
I would be really glad if you can add your suggestions, feedbacks & payment posts at our official forum This is the link to post your comments – http://money-news-online.com/forum/viewtopic.php?f=9&t=281
Have a nice day Folks!
Bruce Wagner.”

The admin of ProfitStars (the program will be reviewed on MNO tomorrow) announced a referral contest that will run for the next ten days starting today. The contest rules have been published on the ProfitStars website last night and the prize fund will be an impressive $565 in total to be re-distributed among the five best referrers. ProfitStars is paying 36% for 3 days with bonuses for reinvesting and voting and I’ll tell you more on that in my review of the program tomorrow. Here’s the full list of rules for the referral contest in ProfitStars:
“Referral Contest (July, 8 – July, 17)
The ProfitStars referral contest should consist of simply that: refer friends to the site, and win prizes.
Here is how it works:
– Sign up and receive your “referral link” (Referral Links page of your member area). You can send this link to anyone you want in order to obtain referrals. Place your referral links everywhere: myspace, facebook, tweeter, digg, blogs, auction sites, forums, your websites, where ever you can think of. Tell everyone about. You can earn a lot of cash;
– All members, which includes bloggers and monitors, can take part in this contest;
– Your referrals have to register their accounts and deposit. Only active referrals will count;
– No cheating. We will also be checking ip addresses;
– Amounts of the referral deposits will also rate;
– You can check your stats in your member area anytime by clicking on Your Referrals page;
– The contest starts JULY 8th (gmt 00:00) and the member with the most referrals and having the highest amount referred will be entitled to the Grand Prize $300.00 cash.
The top 5 referrers will win:1st Place Winner: $300
2nd Place Winner: $150
3rd Place Winner: $75
4th Place Winner: $25
5th Place Winner: $15
On July 17th (21.00 GMT) we will announce the winners. Good luck!”

I have to move Xcelsus to Problem status on MNO as I have already two pending withdrawals from the program and a pending support ticket that was not answered within 24 hours. I would not recommend you to make any further investments into this program until I hear from the admin.

Thanks to all who participated in my poll currently running this week. I remind you that the question is: What payment processor do you use more often? It looks like the current results are rapidly changing with LibertyReserve still leading the way with 40% of votes, however being closely followed by AlertPay with 38%. It looks like the admins would do well to remember that AlertPay is now almost as popular as LibertyReserve if their program is not very popular because they accept only LR and PM it may be seen as negligent to potential members who would have invested via AlertPay otherwise. SolidTrustPay lost some customers to AlertPay recently I guess as it’s not such a popular choice anymore with only 12% of all the votes so far. I guess it has nothing to do with the quality of STP as a payment processor but with the strange fact that it’s not widely accepted by programs which is probably connected with their strict verification process that can take some time. Bottom of the list is PerfectMoney which only scored 10% so far. This is still better result than it used to be a year ago and I guess this fact was due to their stable development and consistent during the last year. As you might notice I deliberately excluded StrictPay from this list (if STP are losing members to AlertPay the StrictPay is positively bleeding them!) as currently no withdrawals are possible there. I would like to remind you that your votes in the poll (which is located in the end of the right sidebar on my blog page) will be accepted till the end of Sunday and will be counted then. So please be more active and let others know what is the payment processor most used by you!

The programs that paid me today and therefore retained their paying status are:
SevenStarsProfit, Disalina, ReProFinance, HOX, YamaFinance, CherryShares, OnyxInvClub, FundsOMatic, BookmakerOffice, YesInvestment, GoldenInvestment, EzProfit, OilStructure, FreshReturn, FluxRates, GoldCollarInvest, FxCrudeOil, Biffalo, CashMiner, PrivateDiamondClub, SolidInv (the first payments received) and ProfitStars (the first payments received).

Tomorrow I will be reviewing a new short-term game called ProfitStars and of course bringing you the most up-to-date news from the HYIP industry. Stay tuned and see you tomorrow, guys!