MPDW Update

I received a “Mid-Week Update” from MPDW today. Here is the meat of it.

---------------------------------------

Effective today March 14th 2006, all units are now
in a tracking system which notes how many weeks of returns
each unit has received.

Each unit must now mature for 26 weeks.
All units start at 0 weeks maturity today.

This new feature applies only to sell-backs.
You may still withdraw from your Returns Balance.


# 2)
We have raised the minimum purchase to 20 units.
(This is for New Members Only)

# 3)
Minimum withdrawal of returns is now 3 units.

# 4)
There are no more emergency sell-backs.

---------------------------------------

This is basically telling me all principal, old and new, is locked in. This means even if you joined MPDW on the first day it started, your principal (“Units Purchased”) is only at 0 weeks maturity. It doesn’t matter what date it was purchased on. I have verified this on my own account.

This makes the program less flexible to follow a basic rule of investing….pulling out principal. Now pulling out principal can only be done by either slowly trickling it out via Returns/Bonus Balance or waiting half a year (26 weeks) for your “Units Purchased” to mature. I am not aware of any other methods to pull principal at this time given the recent changes.

As a result of the changes, the MPDW risk level has increased and I will be removing the MPDW link from my blog.