5/16/2010 StaunchFinances Review and Recent News
Hello Everybody! I hope everybody has been enjoying their weekend so far. I can't believe it is almost over already, as it seems like it has gone way too fast for me! I have been shopping at the local stores and buying some perennials and shrubs for my backyard. That's always the easy part and now I will have to do the landscaping this week and probably finish up next weekend.
It's been a busy and rocky weekend in the HYIP market, so please be sure to read to the very end of this post as there will be some important news as far as some new closings of 3 HYIP programs. There are 2 of which I had warned everybody about a couple days ago and the last one was quite a shocking blow for most people I am sure.
I have been wanting to do a review on StaunchFinances all weekend and am going to fit it in this evening. I think this is one HYIP that you will not want to bypass so please be sure to check this one out and give it your best consideration as I think it is going to be a winner. Hopefully, it will surpass most of our expectations and help fill the void that has been left by all the recent problems and shutdowns in the HYIP arena.
StaunchFinances has been in existence for a few weeks now, so it has already done a round of payouts on the first part or half of its plan. I know that sounds weird but this HYIP program has one unique pay plan that may sound complex and hard to follow but after you read through it and think about it for a minute, you will understand just fine. I for one like the creativity of it and it just might solve the needs of both short and long-term HYIP customers. So in a way, it is both a short and long-term program so I'll get to the plan details in just a bit. The administrator, Scott, decided to change the investment plan for the better so that the investors would make more profits or essentially make profits quicker. The changes had to do with how the days were counted in the plan. Instead of going by 6 business days and 56 business days, he changed it to 6 calendar days and 56 calendar days. And that in itself will make a bit of a difference. Basically, it will have you in profit quicker and that will also help attract more customers.
Technically, there is just one plan involved. Once you join and make your deposit, your money will be divided equally into 2 investment funds. The first half of the funds will go to a fund that pays 20% for 6 calendar days and then the 2nd half of the funds will go to a fund that pays 2.5% for 56 calendar days. Payments will be made on the money in both funds daily and the principal is included in these payments, just so you know.
For the first investment, the lowest you can invest in StaunchFinances is $10. The maximum in this plan is $15,000 which is probably way plenty for most of us. After the initial investment of $10 or more, the plan will let you invest in lower increments of $2 or higher and you can make more investments anytime you want. Some may have the urge to invest a bit more after they see in the monitoring pages/forums that there are timely payments being made.
The designated payment processors are SolidTrustPay, GlobalDigitalPay, PerfectMoney, LibertyReserve and StrictPay and you will receive the return payment via the same payment processor that you paid with. That is a pretty good group and it's not always that you have 5 to pick from so they may see a larger amount of investors because of the choice of payment. Definitely a plus if you ask me.
You will have to request these payments manually and it is very simple as all you'll have to do is login, and go to your investments page and click on the button to request payment. The administrator requests that you allow up to 72 hours for processing but they really have been much faster and so far they have been completed in less than 24 hours which is what I like. They are probably asking for 72 hour just in case of a DDoS attack or something similar. The likelihood of something like that to affect them for too long is unlikely as the website script and security is absolutely awesome. I'll get to that in a little bit.
Payments are not made directly into your payment processor daily but rather at the end of each term. For example, say you invest $500 into the fund at StaunchFinances. $250 will be put into the first fund and it will pay 20% for 6 calendar days. After the 6 days is up you will be able to request your payment and you will receive $300. So after 6 days you will have already made back 60% of your principal which isn't too bad. At least if the unfortunate did happen you will still have made back 60% of your principal at this stage of the game. The other $250 will go into the other fund and you will be paid 2.5% for the next 56 calendar days. At the end of these 56 calendar days you will have accrued $350 in your investment fund account. You will then need to go to the website and again request a withdrawal. This will account for 70% of your investment and with the other half, it will amount to 130%. At least with the way the principal is broken up between 2 investment funds, your risk is reduced and you will break even a lot faster and go into profit much sooner. If anybody has a hard time understanding how this works, let me know and I'll be glad to explain it in detail and make sure that you understand how it will go.
Support issues with the website and general problems will need to go to the contacts page and then you can send the administrator an e-mail and then he will reply that way. I have also noticed that the admin is quite active in MMG forum so that would be a another place that you could get some questions answered if it was beyond my help.
Next, I would like to talk about the website's quality and security a bit. The website has an elaborate script and I can tell that it took a good investment to have this one made. It is a script made by Gotenks which has a very good reputation. As a matter of fact, pretty much everything made by them is very much "up to snuff", as some might say. I'm sure that it is not cheap to have this company make a script for someone and then it is at their discretion whether they will do it or not. I have heard there programmers are some of the best. With this script, we can be assured that there will be no backdoors or holes in the script to be hacked. The website is hosted on a dedicated server by Staminus and a real nice thing is it has SSL throughout. As for DDoS attacks, we can only hope that there will not be any but if there are, I am sure Staminus will have them mitigated as soon as they find out.
I took a good look at StaunchFinances and as far as what line of business they are in or what kind of investment they do is not really elaborated on like some of the other HYIP programs we see going around these days. Some of them get really fancy with the wording about what they do such as Forex, precious metals,or stocks and bonds but all that is really unnecessary as we know what it is. It is just another HYIP program but one of a better quality and one that will hopefully last quite a while. We can look at it as a fun game and make some money and leave it at that. For them to tell us lies about what they do with the money after they get it is really just a waste of time and space. So I am learning to appreciate it when they are a little bit more vague instead of telling us the usual tall tale.
I have heard that the administrator has been talking about a new credit card option that may be coming available in the near future. I did not see the e-mail but essentially what I was told is that they are going to start accepting credit cards themselves and you would be able to deposit right at the website without going through a payment processor. This would be a first for this industry as far as I know but I am looking forward to the day they can do that. It might make things quite a bit easier and hopefully it will not compromise security. I will keep my eye out for any announcements that it is going to start and will post it in my blog as soon as I know anything.
I think that we are going to find out that StaunchFinances is very much worth our time and investments as it will probably grow very popular over the next few months. There is plenty of room at the top with all of these HYIP's going out. So take a good look at their website and do your due diligence as I think this one will be one to keep your eyes on. Spend what you can afford comfortably and remember this is just a game but hopefully at the end of the day you will have made a nice profit.
I think that the more money you want to make an HYIP's, the more you need to invest your money diversely. It's always good to find a blog/monitor that knows how to make money in HYIP's that you can follow until you learn how to pick them etc. I think it's always helpful though to see how someone else is doing and to be able to monitor their investments to see if they're getting paid. That alone can really help someone avoid making some costly mistakes and start making money instead. I will see you guys on Monday right back here with another review and hopefully a good start of the week for all of the HYIP's. Have a good one.
There are 5 HYIP's that have all gone scam in the last 4 days! It's been a little rocky lately huh? I really hate seeing this many programs that all goes scam at the same time! and one of them will be a little shocking to you I bet and it's one that probably should not have even happened. The one that was shocking to me and I'm sure to a lot of you is Chokomoney. Surprised? I know I sure was! About a week ago I remember reporting that the website had over 1800 sign ups and $435,000 in total deposits! I do not see how $435,000 is all gone in 4 or 5 days! I would love to hear a few others point of view on how $435,000 could be gone in 4 to 5 days, especially when investors were still joining in droves as the investor count went way past 1800. I know because I was watching that investor account and the total money account pretty closely. I remember when I joined that the count did go up by one as I made a point to watch that as well.
This is the first e-mail sent by Chris when we learned that things had gone bad at AlertPay and they froze the account. At this point he was hoping to keep the program going:
“Dear members, One of the member named “arijitwhatis” made multiple fraudulent deposits of substantial amounts via AlertPay. AlertPay froze all these funds which damaged the cashflow a lot so I had to remove AlertPay as a payment option. Unfortunately the damage was so terrible, that I don’t have AP funds left to process all the pending withdrawals, so I will just refund all AP deposits I can until the account is totally empty. ChokoMoney needs your urgent support to make it possible to continue with the other three payment processor LibertyReserve, PerfectMoney and StrictPay and to overcome this obstacle. Those who haven’t received their refund via AP, contact me and I will see what can be done. We must find a way to solve this issue.
Regards, Chris”.
Here is the explanation or e-mail that was given by Chris, the administrator when the announcement was made that the program had to close:
“I wish I could solve this problem but I can’t, I processed huge withdrawals via AlertPay recently and the substantial amount of funds they froze caused serious cashflow issues and since I am straightforward with my approach and said from the very beginning this is nothing more than a game, I can’t pay members via other payment processors because it will take down the program very soon after. So I am very sorry to say but this is the end of ChokoMoney.”'
I have heard other reports that it was actually an investor that was scammed and it had to do with only $140. Who knows what the heck happened but we know that it is the end of ChokoMoney for good and that it won't be coming back.
EnergyMoneyFund, SmartMoneyInv, MasterFunds and EuroNanoInvest have all quit making payments so please do not make any invests at these 4 HYIP's!!
I am hoping that this week will bring better things than last week! I'm keeping my fingers crossed! See you all soon.
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