Joyfund Worth A Look

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: 23^rd of the month (soon to be the 20^th 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Withdrawal: After the 3 month lock period, principal and interest can be withdrawn between the 1^st and 10^th of the month for payment between the 20^th and end of the same month.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