Joyfund Worth A Look
Posted by rabbit on May 28th, 2006
I posted a review I did on Joyfund — the new kid on the transparent HYIP block here. Here is a summary: Quick Program Facts
URL: www.joyfund.info
Minimum Deposit: $1000
Returns: Approximately 30% on average (20% net after admin fees)
Returns Generated From: Trading Options on Commodity contracts
Methods of Payment: E-Gold
Deadline for deposits: 23rd of the month (soon to be the 20th of the month)
Lock Period: Principal and Interest is locked for 3 months
Withdrawal: After the 3 month lock period, principal and interest can be withdrawn between the 1st and 10th of the month for payment between the 20th and end of the same month.
Overall Impression
The Good
*Program is transparent and is being audited by third parties
*Admin is very responsive and on the ball
*Average returns are attractive
*The program is being kept low-key and semi-private
*The admin has long term plans for the project and has business management experience
*The admin is working on establishing a legal framework for the project
The Bad
*Minimum investment is a bit high at $1000 (however he is seeking serious and savvy investors)
*The program is currently a one man show
*Admin / Trader has only about 9 months experience trading options on commodities contract (although he has just under 4 year experience trading other instruments).
*Too many fees
Overall Rating:
Solid A
keyword: joyfund