SportArbs debit card coming?

After yet another agonising 3 months wait since I paid the card delivery fee as advised by SA, we have finally had contact from them again. Several members have reported receiving the below email: Hello, We are happy to inform you that on 20 December we started distributing SportArbs debit cards. We plan to send out all cards till 1 March, 2013. The envelope with your card will also contain an instruction on its activation and access to the new panel of your investment management. Best regards, http://SportArbs.com Maybe 2013 will be our year! Commiserations to those members who didn't consider the risk worthwhile, and failed to pay the delivery fee on time. Admittedly, the money is not in my bank yet, but at least there is good news for a change. Not too late to take advantage of this business, despite all the setbacks for us long-term members. The program is open to new membership, and I have it on good authority that they are paying new members. Deposits via Liberty Reserve only. Take a look here: SportArbs Happy Investing, Phil(aussiegold)

Another Arbitrage Wagering Pool

I have been evaluating this program for about a month now, and have decided to take the plunge with a test spend of $50.

Although I am convinced that the business model is sound, there are a few peculiarities about this program that intrigue me. These are things that you, as a potential investor, need to be made aware of.

Firstly, deposits here are only current for 6 weeks (42 days). Principal is not returned at the maturity date. For this reason, it is essential to understand compounding interest.

With a projected average daily earning of 2.1% (7 days/week) you will be sorely disappointed if you fail to select a high compounding rate. 100% is recommended.
Without compounding your return would be just $88.20 from a $100 investment! Remember, your principal is not returned. Why SportArbs allows this option is beyond me.

So, set compounding at 100% and the results are quite reasonable. According to their calculator on site, which works on the last 42 days actual return, $100 would gross a return of $137.64. Subtract your principal and you have a net profit of 37%+ in six weeks, which is certainly better than my bank!

This is a similar return to what GNI offers, and I feel is an option worth considering to diversify your protfolio. Feel free to open a no-obligation account, and perhaps make a deposit when you are familiar with the system.

SportArbs International Corp.

Update on SportArbs- Aug 18.

Some major web upgrades were implemented this week, mostly related to increased member security. This sort of thing helps boost my confidence in the legitimacy of the program.

Also changes to the referral system, which is now simply one level, a change from the previous 3. Another good move! A new plan is also being introduced, where investors can lodge funds for 210 days, an addition to the current 42 day plan. A higher percentage is offered, depending on the amount invested. Definitely worth a second look.

The Power of Compounding Interest

Compounding interest is a powerful earner, and that's why the banks use it all the time, especially on home mortgages. I know here in Australia banks calculate interest on the daily balance of a mortgage, and the total for the month is added to your account each month. That is why a fortnightly or even weekly payment can make a huge difference to the time it takes to pay off your loan.

Now, what if the shoe was on the other foot, and you were in a position to earn compounding interest? With GNI you can! Not daily, but definitely weekly, and believe me, it makes a huge difference to your investment.

Let me give you an example, using my GNI account deposit. These figures updated 20/07/09.

My initial deposit was $1434.00, eight weeks ago.
After 7 days I received $86.04 interest, or 6%
Had I not chosen to compound, that would be the same amount every week, earning me a total of $602.28 over the last 7 weeks. Not too shabby!

I did choose to compound, and have done so each week, as soon as the interest payment shows in my account. Today (I love Fridays!) my interest payment was $122.09, an increase of $36.05 over my first weekly payment of $86.04.
By continuing to compound each week, I will double my investment in just 13 weeks, at which time I will most likely withdraw a nice little bonus with which I can diversify my holdings.

Do hope you choose to join me on this exciting ride. Start with just $50 at GNI.
To find out what your deposit will be worth in 12 months, use this handy compound interest calculator. Remember, the yearly interest is 312%, compounding 52 times, to give 6% per week. You will be amazed at the results achieved by compounding weekly.