Unit value up $18.30 ?

OK I realize for those that consider PIPS to be a scam or simply a nice concept that didn’t pan oot (that’s Canadian for out, btw) this will be a redundant subject. But for us who I dare to say are able to see the bigger picture it may be of interest.
Did you notice in Loan Fund History, that the value per unit has increased from $25 to $43.30.? a jump in value of $18.30 per unit.
Anyone care to elaborate on this?

Honestly, I'm curious if you'll find enough a technical habituee that can help you out with this one... and I'm curious about the answer too :?.

Unless I'm mistaken,that's $25 plus interest paid on each unit so far this month.

Hi Chester.

My guess is that is it is the ROI Earned.

Yes,it starts at $25 on the 1st trading day of each month,and increases by $0.475 per trading day til the last trading day of the month.

Quote:

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Originally Posted by rahly

Yes,it starts at $25 on the 1st trading day of each month,and increases by $0.475 per trading day til the last trading day of the month.

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Thanks rahly.

So in other words, it's a theoretical projection.

As in,theorically,we have earned interest in the amount of 18.30/unit since the first trading day in July,so far.

Hi cooltrader.

No offence meant.

Slight correction, it is now .4625 per Unit.

Cheers.

I stand corrected,robonz.Thanks for pointing that out. :wink:

Hi rahly.

You are most welcome.

Regards.