19/09/2010. GainBucks Review and Daily News from the Industry

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

Hi guys! I hope you’ve all had a good relaxing weekend so far like I have. It’s my last night in Rotterdam and for a big city it really does have a more relaxed feel to it than I thought it would. So tomorrow I have another journey to take so most likely I’ll take advantage of the time and be writing to you again from the train which this time will be taking me to Luxembourg. It’s my first visit there so I’m really looking forward to that.

But anyway getting back to today’s business, as expected for Sunday it’s been a quiet enough day on the news front but I do have a couple of useful updates for you anyway. We’ll get to that in a moment but first I want to talk about another new HYI project that has just been added to my monitoring page. It’s called GainBucks and it’s a return to long term investment sites.

If your a fan of long term HYIPs then GainBucks is definitely worth at least a look. They have some decent plans that combine what pretty much every online investor is searching for – the right mix of profitability with sustainability. Though there’s one particular plan I’d have to advise against joining due to the fact that pays only after a full year (I’ll explain that one in a moment) other options are reasonably enticing for the average long term player. Some of the plans are a bit on the expensive side as we shall see, but again GainBucks has more affordable options too.

So we’ll start with what they call the Daily Silver Plan. It runs for a term of 500 calendar days which is a long stretch in anyone’s portfolio. But with a $10 minimum to invest, it’s also likely to be the only one that’s affordable to most investors. If you join you will be paid 1% interest every calendar day for the duration (taking 100 calendar days to break even). Then on expiry of the 500 days your principal gets returned. So for a $100 investment you are offered a daily payment of $1 which eventually adds up to $500, upon which your principal is returned. It’s an excellent return and not unheard of in the history of HYIPs, but be prepared and patient enough to wait a year and a half to get it.

The remaining plans are nothing if not ambitious in their belief that they will attract any real numbers of investors. The Daily Gold Plan offers a more generous daily interest rate of 1.5%, though for a shorter investment term. It runs for 400 calendar days. So your interest payments would add up to 600% before your initial deposit gets returned? Think it’s a good offer? Well, maybe but it costs a minimum deposit of $5,000 to join. Maximum deposit is $14,999.

And if that’s not too much then GainBucks offers The Daily Premium Plan. Deposits here start at $15,000 so for informational purposes only, the plan runs for 300 calendar days and offers daily payments of 2% with the principal returned on expiry.

There is one other plan available from GainBucks. It’s your own choice to join or not but I do need to warn you about it because the website’s own description is a bit misleading. The thing is that the plan, called The One Year Fixed Plan, runs for 365 days, ie, a full year. There is a daily interest rate of 6%, however that rate is earned, not paid! The interest will accumulate every day in your GainBucks account, you just can’t withdraw it until it expires after a year. Minimum investment is $100, and the maximum is $10,000.

One thing that may well hinder the growth of GainBucks might be the lack of choice when it comes to payment processors. Certainly that will be the case in the short term anyway. LibertyReserve is the only online based option but bank wires are also offered. But in general that would appear to be the trend for longer term HYIPs for some time now so in that sense GainBucks is really no different from the already established programs. Plus the fact that some of the Identity Verified processors are in a bit less favor these days among investors than they were in the past, it may not be that much of a long term hindrance to GainBucks as they begin to establish a reputation for themselves as the months pass by. Payments are made manually and you are required to allow up to 24 hours after the request is made before the transaction is completed.

DdosWiz are the hosting provider and that are keeping GainBucks on a dedicated Staminus server and the domain name is registered for five years. Premium members have a telephone support number they can use, otherwise customer support is available by either e-mailing the admin at the address provided or by filling out your details on the support form you’ll find on the contacts page and and submitting it. A postal address located in the Seychelles is also available, though from my own experience I’d say this is most likely a serviced office for registration purposes only. Though I’ll be sure to ask the admin for details on that should he agree to an interview.

GainBucks say a lot but on closer inspection give away little practical information on their investment activities, mentioning only their business as a financial services provider. To be blunt I doubt a real financial services provider would advise the use of LibertyReserve, but there you go! It’s up to yourself to confirm any of those claims anyway, if they’re important to you that is. Of course all I myself would comment on is potential and provided you accept the risks involved and keep your deposit affordable then GainBucks has plenty of that. Not for everyone, I know, but if you are one of the many investors leaning more towards longer term HYIPs these days then GainBucks might be a reasonable addition to a diverse portfolio.

DAILY NEWS FROM THE INDUSTRY.

I hadn’t noticed that YoKapital was offline for a while this morning as I was still asleep at that time. When I woke up I saw that I was asked about it in my Shoutbox. When I actually checked this out everything was fine and the website of YoKapital works perfectly well. So then I checked my email and found two updates from the administration of YoKapital informing me about the downtime during their firewall installation for a security upgrade. So actually I don’t think it affected many as it lasted for a couple of hours. Everything is back to normal now including automated cashouts. I remind you that on joining YoKapital you can deposit in the only plan available, paying 1.8% for the first 30 days and 2% daily afterwards. More information on the plan and how YoKapital works can be found in my detailed review published here. And this is the mail informing of the downtime and the successful completion of the upgrade I received today:
“Maintenance will be performed on YoKapital server to install a new firewall. As a result, users may experience slow access of the website. This maintenance will be completed in 60 minutes.
An update will be posted to members once the maintenance is complete. Please direct any questions or comments to support@yokapital.com …..
The maintenance operation performed on our server was completed with success. Access to website should work without any issues from now on.
If you suspect otherwise, please contact us immediately.
Best Regards, Julita Sinon. YoKapital.”

Apparently MNO was not the only target for scammers like the admin of ForexCompanyOnline who sent spammers to my monitoring page due to which I had to disable voting from it temporarily. It looks like all the successful and potentially successful programs become easy targets for scammers and extortionists. The latest update from YoKapital for today let us know about the extortion threats their live support experienced during the first days online. Obviously, they had to tighten their security today and it was not just for maintenance. I hope there will be no disruption to the successful work of YoKapital. They pay automatically by the way, a fact which the administration of the program had to remind of because not all investors seem to have understood it that well. Here is the latest extended version of the newsletter from YoKapital just sent to me an hour ago:
“Greetings to all our YoKa Clients,
This is Julita from YoKapital, with your weekend news on what has been happening in and around YoKapital.
The website went through a brief server maintenance today and if you had been watching our updates that were sent out earlier today, you would have noticed it.
During the server maintenance, you may have noticed that the website was loading slower or not accessible for some of you. Once the process was completed, this issue resolved automatically and we have been back on track ever since.
Another issue we faced today was in the form of some individuals who had been threatening us by LiveChat to either face loads of bad publicity in the forums and monitors globally or pay up a ransom of $200 to their account.
We obviously ignored their demands and even blocked their IP addresses to prevent them from accessing our website. We noticed from a popular blog that such miscreants exist in the industry and are not just targeting YoKapital. So, we just wanted to alert all our members on this issue, should these individuals go about spreading rumors about us or any other successful program.
We have also received some profit withdrawal requests in the Principal withdrawal section by some members who have obviously still not understood the concept behind our payout system.
So we are reminding all of you once again that all payouts are processed automatically and no withdrawal requests are necessary. If you do notice any delay or missed payouts in your payment processor account, please contact us immediately and we will look into the matter as soon as possible.
We hope that you have a nice weekend and we look forward to another week at YoKapital.
Best Regards!
Julita Sinon. YoKapital.”

The new Russian version of the website of WorldPrivateFunds (reviewed here) should have been launched today but was delayed a bit. So far two versions of the website are available (in English and German) and the Russian version of it according to the admin Samuel is coming very soon. Of course, MNO will report about it when it’s ready and as a native Russian speaker I will be able to confirm its authenticity with ease. More new useful options were recently added to the WorldPrivateFunds site including the Calculate Your Profit option where you will be redirected to a site where you can calculate your earnings and see which plan is actually more suitable and profitable for you. I remind you that there’s a wide number of choices in WorldPrivateFunds where you can deposit which include LibertyReserve, PerfectMoney, and SolidTrustPay. For more information on the plans and the program itself you can always refer to my interview with the admin of WorldPrivateFunds Samuel published here. This is the latest newsletter:
“1. Russian version will be implemented this night, a bit later. We are in graphic with the improvements I announced.
2. If you want to calculate your profit, there is added on Main page of our site a button (on top, left side) “CALCULATE YOUR PROFIT”.
So, it is easier for everybody to choose the best plan for their investment.
3. Do not forget: all NEW deposits from $10 up to $500 (new or old members) are eligible for a 5% cash bonus that will be added manually directly to cash balance. This bonus may be withdrawal or reinvested any time the member wants.
This promotion will be available till the end of September 2010.
Do not hesitate to contact me for any problem.
Kind Regards. Samuel Arildsen
WorldPrivateFunds Admin”.

I got an update on two programs which I reported last night as having delayed payouts. I was paid all the withdrawals from TradersPower and the admin apologized for the delay which was probably due to the weekend. So everything is ok for those who would like to invest in TradersPower (reviewed here). As for FxTradingWorldwide the admin paid the withdrawals as well and told me that the funds were not always in the accounts and that it took time to move the funds from trading accounts to LR accounts. Anyway, the admin of FxTradingWorldwide assured me that he would do anything and implement all the changes necessary to make the program sustainable in the long. You can read my review of FxTradingWorldwide here for more information on the program.

I wanted to let you know that tomorrow the eagerly-anticipated interview with the admin of PawnShopFund Frederick will be published and the first questions for the daily contest sponsored by PawnShopFund will be published on my forum. The winner of the contest will win $5 to his LibertyReserve account daily. The thread to the contest will be announced tomorrow and to rules will be published there as well. Please note that only the first post from one username will be counted and don’t forget to submit your LR account number with your answer so I know where you want your prize money to be paid to. So stay tuned for tomorrow’s contest on MNO forum!

The two polls are finished now and two new polls are coming. The MNO Reader Profiles poll showed that my blog has most readers under 25 years old (28%) which is good as this age is particularly good to seek out new things and be open to new ideas and experiences as well. The second most popular option was two different categories (from 25 to 35 years old and over 55 years old) – 22% each, and the third option (from 35 to 45 and from 45 to 55 years old respectively) scored 14% each. Thanks a lot for your votes, guys!

The next poll from my MNO Reader Profiles series can be seen in the bottom of the right sidebar now. The question is: Do you smoke? You see I notice how the law varies around Europe as I travel. But my question is related to tobacco smoking and I wonder if my readers do smoke and feel ok with it, do not smoke and never intend to, used to smoke but successfully quit or do smoke and are about to quit. Well, I guess that will be a very easy question to ask so I hope to see your honest replies in my poll.

By the way, the results of the second poll will be announced on Tuesday and if you have your own new ideas for another poll please do submit them in my Shoutbox or send me email to abramsonp@gmail.com with the subject “Ideas for MNO poll”. If you have a good idea for a poll then it’s much appreciated.

Here is the list of the programs that paid me today:
Vodapex, FundsOMatic, MajesticMoney, UniteTrade, FxTradingWorldwide, OrderDollar, CherryShares, TradersPower, EzProfit, OilStructure, VividTrade, FiboTradePro, YesInvestment, GroupUniversal, YoKapital, PawnShopFund and GainBucks (the first payment received).

That will be it for tonight everyone. I hope to see you all on MNO tomorrow when I plan to publish the interview with the admin of PawnShopFund. See you then, guys!