Udachu Fund Update

Well, I just made a big rambling post on these guys and their greatness yesterday to be faced with some major (good) upheaval and updates today.

Udachu Fund have just sent out an email of updates detailing that they plan to go 'offline' (as in more security etc.) "UdachuFund will convert to an offline investment program. All members will receive a monthly statement that will state profit, deposits, withdrawals and referral bonuses."

The monthly rate will change to 8%. A quarterly bonus will be given out where they used to pay 15% a month.. and they expect the quarterly dividend to be larger than the 15% would have been. Referral structure has changed, and all profits will be compounded automatically unless a withdraw request is made between the 5th and 10th of a month.

This makes things a little more complicated, but also shows their legitimacy I believe, to follow the rules of more traditional investment vehicle.

The time to get in would be now I believe, just in case they go private!

They are also auditing accounts at the moment, so you gotta chuck your e-gold number into your account settings, and don't forget to put your email address in the memo of any payments to Udachu!

Ciao.