Wednesday, January 29

When to withdraw?

Hello everyone,

While today there is nothing that much going on I decided that I should write some small article with some tips about withdrawing your funds. I have talked about something similar before, but I'm sure this will be new for newest members of DavidNews.com community!


Strange title of this article, isn't it? When to withdraw? Obviously everyday! I just want to remind this one more time, because many HYIP players when they see that program is paying steady do no go and ask for withdraws everyday. This is quite obvious, that you should withdraw your earned interest everyday, because things in HYIP world changes by hours. One day HYIP is online and second day it is already gone.

There is one dark side of daily withdrawals and it is called "transaction fees". For now two most popular payment processors are Perfect Money and EGO Pay. I will help you to do calculations how much you will earn in very end if you will withdraw your interest regularly every day.


Imagine -  HYIP what pays 2% daily for 70 days. In the end you should get 40% profit. I would like to invest $100 and I should receive 2$ daily, I will withdraw daily to reduce my risk. In the end if everything goes well I should get $140 and from that $40 should be my profit!

Investment with Perfect Money:
For example you have unverified Perfect Money account, when you will make deposit you will pay $101.99. So actually $101.99 is your cost to make deposit. Every day program will pay you $2 and in the end you will get $140 minus $101.99 what makes $38.01 in total what is your total profit. If you have verified Perfect Money account your profit will be $39.50, but not everyone want to verify their account.

Investment EGO Pay:
With EGO Pay situation gets more tricky. When you invest $100 in program you are not charged with fee, you pay exactly $100. Tricky part starts when you ask for withdrawals and if you do it everyday. Biggest problem with EGO Pay is that fees are paid by receivers side (by you), if program pays you $2 then actually you will receive just $1.72, because $0.28 will be your transaction fee. So for 70 days you will get just $120.40 (70 x $1.72) what actually in the end makes just $20.40 profit. If you invest amounts above $100 and withdraw more then $2 in one time then maybe it is ok, but if you invest small amount like $20 - $30 then you should get worried because fees can kill your investment and in end you will get less then you invested.

One thing I must add about EGO Pay fees is that for example from $1 transaction EGO Pay will eat $0.27 away, from $4 it will eat $0.31 and from $5 it will eat $0.33. Basically with this I want to say that fees gets smaller if you receive bigger payments, so with big deposits EGO Pay is still good choice.



With previous two examples I do not encourage you to stop withdrawing with EGO Pay daily, but I'm just saying that maybe sometime for your good it is better if you invest with Perfect Money. I'm not big fan or something of Perfect Money, but for small investments Perfect Moneys is still better choice then EGO Pay. Remember - withdraw your money EVERY DAY, without exceptions, because as you know HYIP is risky game and any HYIP can be gone any given day.

David
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