Big Changes for CherryShares

That’s right people, CherryShares is making some changes, but whoever said change was bad. The managing director of CherryShares Dane W. Wolf has sent out a Newsletter, we are a little late with it though as the changes don’t take effect until the New Year.

The Newsletter starts off with informing us that the rumors where true and that they are trying to look out for the investors:

“There have been rumors, discussions, assumptions regarding the changes with the mighty CherryShares program. These modifications are necessary for the normal work of the relation between us and the investors. The technical and financial factors have been essentials in taking these decisions. We want you all to know that your financial health is on the top of our must-do list.”

CherryShares is one of the most popular online investment programs out there. You probably know that there are 4 investment plans at CherryShares and they are: Short-term, Medium-term, Long-term, and Daily Plans. So let’s compare the current options with the changes that will take effect in January of 2011.

1. Short-term Plan:
Original Offer: 5.8% weekly (50% principal is available to withdraw after 2 weeks and 100% after 3 weeks). Interest is available for withdraw anytime.

New Offer: 5.0% weekly for first 3 weeks and 5.9% weekly after 3 weeks (100% principal is available to withdraw after 3 weeks). Interest is available for withdraw anytime.

2. Medium-term Plan

New Offer: No changes

3. Daily Plan:
Original Offer: 1.1% daily (100% principal after 45 weeks). Interest is available for withdraw anytime.

New Offer: (Split in two)
Daily (Old) for investments before January 1 – 1.54% daily (7.7% weekly). Interest is available 5 times a week.

Daily (New) for deposits after December 31 – 1.52% daily (7.6% weekly). These deposits will be displayed in a separate block on the page balance; however it is not specified about the interest availability.

4. Long-term Plan
New Offer: No changes. However deposits in this plan are accepted only till December 25. New deposits for long-term investment plan will not be accepted after December 25 because the maximum number of clients has been already reached.

New members :

We have a huge database already and this is why registration for new
customers will only be possible through the referral link of any of
our client with a balance of at least $5,000. This will give our
program a new, professional outfit.

Affiliate program :

For the deposits made on a short-term investment plan the referral
commission will not be paid. The referral links of customers with a
balance of less than $5,000 will not be active. Therefore, new
registrations via such links would not be possible.

Well it seems that these changes are going to affect a lot more people than they think. First of all it is going to be extremely hard to get new members if you are only allowing people who have a balance of $5,000 of more recruit. One can only hope that if you will still be able to join CherryShares without a upline, but that is going to be a major problem. We hear at Legit HYIP don’t have $5,000 invested in CherryShares, we believe that might be too trusting. And we surely don’t think people should rush to invest $5,000.

As far as the investment plans and those changes they seem to be OK, but we can tell are readers more when January comes. It is still a little early; CherryShares might change their mind and make some more changes.

There are many new options for investing out there today, so we have paused further investments to CherryShares. That doesn’t mean that we don’t trust them anymore, but we need more time to look into these new changes. We will of course continue to collect interest on are daily investments that we have already made in the past.

As always we will continue to bring you more news on CherryShares.

By: Nick