Today I am reviewing a new long term program that was launched 1 week ago to be precise. This is the second staff pick program I have decided to add in 2013 (first one been V-Finance). Sol-R launched on Jan 20th and is a 90 days program with principal back. When it was initially launched, I wasn’t sure if I wanted to add this program for various reasons and I do still have some doubts about it which I will explain down the road. Overall I believe this can work if the team behind it wants to make it happen.
So to get on with the basic things. Sol-R is a long term program that launched last week and offers 90 day plans. The first plan offer is 2.2% for 90 Days with a minimum deposit of $10, (pays daily including weekend) so if you invest $100, you will receive $2.2 for 90 days (total at $198) plus your principal back (end total at $298). The second plan requires a minimum deposit $1500 and offers 2.5% for 90 Days. The last plan requires $10,000 deposit and offers 2.7% for 90 days. Most people will fit in either plan 1 or 2 at the most. I would be surprised if anyone goes for the 3rd plan. They are good plans overall and they all pay on the weekend which is a plus to me. They also offer a compound option which I personally never recommend.
Sol-R layout and script is appealing. It’s a nice easy to understand layout and the script is custom made, easy to understand and navigate and a decent backend. Hosting is done by BlackLotus and they have SSL, domain registered for a year. Payment options might be problem for some users as Sol-R only accepts STP and EgoPay right now. Withdrawals are also instant as I write this review.
Now my concerns and thoughts. Sol-R has a strong feel of R5 and Enr-G (which were connected to NewGni). Two programs that in the past have put investors in profit (mostly early ones). The team behind it is experienced but I am not sure what is the plan with Sol-R. They are getting a lot of attention currently for offering a good program with a custom script, layout and hosting while only accepting STP and EgoPay. As you know most programs usually only start with LR and PM because they are so easy to setup and run away with your money. This program has already picked up quite a bit on the popularity without been listed or advertised very much (not listed in many known monitors yet). If they run this program well, Sol-R can easily pass the first cycle and go on to be a top program for 2013 but could also be a feeder program for something else later on. Avo, was the last big program that came out and offered similar numbers 3% for 90 business days (averages out to 15% per week) crashed just before returning principals back. I think early joiners will profit in this program and if the program manages to do a full cycle, well even better for us. I would avoid compounding any investment here. I decided to list it because even with some negatives I feel it has a better chance to make us money than most of the ones out there right now but at the end, the choice is yours. Don’t forget to only invest what you can afford to lose.
-Sam
