Readers who have monitored this blog for some time will recall that I was very keen on the Gold Nugget Invest (GNI) programme when it was going. Unfortunately, problems arose and it had to close. Normally that would have been the end of the story. But in this particular case it isn’t.

The admin, Jurgen has picked himself up and re-launched as Newgni. I can hear sharp intakes of breath from those of you who may see this just as another opportunity for innocent investors to be fleeced. I don’t think that’s true. In fact from what I can tell he has created a much more stable and honest platform for anyone who is looking to earn good returns on a consistent basis.

If you join Newgni you will notice that the website is well organised and since I joined in February of 2012 has been rock steady. The admin area is user friendly and it is clear that the process for investment has been well thought through.

There are only two plans to invest in, a daily one giving 1% a day (runs Monday to Friday) and a weekly one that returns 6% (paid on a Saturday). The minimum investment for the daily plan is $20 and for the weekly $50.

Now, this is where things get interesting. He has abandoned the ability to compound earnings. So, you would need to withdraw your cash balance to your original payment processor before you could make any further investments in Newgni. I believe that this alone provides a great deal more credibility than under the old programme.

There are a host of payment processors supported namely Liberty Reserve, Solid Trust Pay, Perfect Money, Pexpay and EgoPay.

As I mentioned above I have been investing since February of 2012, my first investment was $50 and since that time I have been building up cash until I could withdraw $20 and then re-invest that. Apart from another $40 investment I had all the growth so far has been from that initial $50 investment.

Now, I’ve calculated that if I continue this strategy for just under two years I will reach a point where I will have reached the maximum daily investment ($20,000) and the maximum weekly investment of $50,000. These would return me $4,000 each week that I feel is a very healthy result.

Of course a lot can happen between now and then but as my out of pocket investment has been minimal I’m willing to take that risk.

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You are reading copy originally published by John Murphy at Online Investing Guru . I hope you enjoy the content and visit my site, Online Investing Guru, for more information. October 8, 2012 7:13 am

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