It has been more than four months since our last newsletter.
Tradelite has evolved a lot since May 2008 when our online
venture was still quite new. For most of you, this will actually
be the first newsletter you have received from us. It will
briefly summarize our activities during the past few months and
it will also give you an idea about our great plans for the
I. Platform News
Our membership count has been experiencing a healthy growth
during the past few months and we did not really see any slowdown
during the summer period. The active accounts (those with at
least one active investment contract) represent 73.12% of all
investment accounts. Let me remind you that our accounts are
obligation-free, which means that there is no time limit for your
active participation into any of our Investment Contracts.
44.91% of all new accounts were created using the invitation link
of an already existing account. The increase of this figure has
once again proven that the word of mouth is the strongest and
most reliable marketing campaign. The pay-for-performance model
of our Invitation Program has been very successful thus far.
Please note, however, that once we reach a satisfactory level of
membership, we would have to gradually decrease the commission
rates paid by our Invitation Program. Our projections show that
this should happen in January or February at latest, 2009.
The average investment figure has soared to $712.98 from $108.65
back in May. 22.76% of all portfolios consist of 20D contracts in
comparison to 36.50% for 40D and 40.74% for 60D contracts. These
figures are a clear sign that most of our members have shifted to
larger investments in contracts with longer investment terms. The
re-investment rate has been 66.83% on average, which is a slight
decrease from our previous figure, mainly due to our current
maximum investment limits, which do not allow most of our members
with larger investments to re-invest part of their Investment
II. Payment Methods
Back in May, we worked with Liberty Reserve (USD) only. We have
become a lot more flexible since those days. Today, we accept
Liberty Reserve, StrictPay, Perfect Money and (AlterGold). We
have also provided Direct Bank Wire Transfers (for both your
investments and withdrawals) based on our free-of-fee guarantee.
In addition, you have the option to carry out your transactions
with us using two major currencies - US Dollars and Euro.
We are currently looking to expand your payment options by
introducing direct Visa/MasterCard credit card transactions. We
are already in discussions with two major credit card processing
companies and we hope to be able to close a deal in the near
III. Tradelite Debit Cards
Since June 2008, we have been offering Free Tradelite Debit Cards
to our platform members. We initially started with Visa-based
debit cards, however due to privacy and mainly due to tax related
reasons, most of our members have opted for an anonymous debit
card with lower fees. Nevertheless, the new card can also be used
at 98% of the cash machines and stores where Visa cards are
normally accepted. Besides the free delivery to your door,
withdrawals from your Tradelite account to your debit card are
free of charge and are processed within 1-2 business days. Our
cards come with a separate online card management account, where
you will be able to track your card transactions.
For more information on our card offer, please visit the
Tradelite Debit Card section within your Tradelite account.
IV. Brief Trading News
I would like to address some concerns regarding the performance
of the Trading Department of Tradelite Finance Corp. during the
recent changes in the financial world.
You are probably aware of the recent market turmoil which hit all
major financial markets, even in the emerging economies. One of
the main reasons for the failure of a company, which became
familiar to Bear Sterns and Lehman Brothers recently, is when it
cannot fulfill its short-term obligations - which is called a
liquidity problem. Each Investment Contract is an obligation of
Tradelite Finance Corp. to you as an investor. We have dedicated
a whole offshore portfolio to Sell-Short positions which become
profitable once the prices start falling. Most of the time, our
returns exceed by far the returns we pay out. In addition, we
allocate a portion of our earnings to a reserve portfolio
consisting of less volatile instruments. These reserves are used
to pay out part of our obligations to our investors in case of a
trading period with smaller returns. Your returns are fixed, so
you should not be worried about our trading performance. Our
in-house Value-At-Risk hedging strategy has allowed to us to make
very wise investment decisions a priori to market downturns. Risk
mitigation has been one of the strongest sides of Tradelite
V. Platform Development
We are currently working on two minor and one major upgrades of
Tradelite Online Investment Platform.
- You will soon be able to make instant exchanges between
different available balances, so you can minimize your fees by
dealing with only one payment processor;
- Another feature will give you the option to instantly receive
an SMS to your mobile phone each time there has been a change in
your Tradelite account balance.
The major change, which should become reality by the end of the
year, will be the introduction of a multi-language platform in 5
languages. This upgrade will also include multi-language support.
We have already completed the French and the German versions and
we are working on the Spanish, Hindi and Mandarin.