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Just noticed a problem with the ROL calculation in my account and three other accounts of friends locally.
Starting June 22 2005 for example
3044 units X .475 each = $1445.90 ROL
Starting June 23 2005
3044 units X .4625 each =$1407.85 ROL
The new calculation continues on through yesterday. I havent seen this problem mentioned and again it has occured in 4 separate accounts all starting the same day- June 23rd.
I submitted a support ticket, but havent gotten a response yet.
Thanks,
Amy[/b]
The fees have gone up very slightly see below...
Over the period of each month a deduction totaling US$180 is made out of which US$150 is added back as a further loan to your account the remaining US$30 is the monthly administration fee.
A management fee of 7.5% is also applied to all repayments.
This has nothing to do with the $8.60 fee- the $1445.90 and $1407.85 that I showed as examples are Gross ROL - not net ROL after the $8.60 deduction.
We have checked the calculations in 4 separate PIPS accounts and the per unit earning has dropped.
The 7.5% management fee- where is that calculated?
I notices this calculation difference when the new formulas and deductions came out. I just thought that they were all part of the changes.
Instead of gaining 1.9% as usual, the accounts pay 1.85% since June 23rd. At least that is what my calculations have told me.
At this stage of the game, does it really matter. :?: If we see any return on the loan, it is a bonus. What difference does it make if it is 1% or 2%...its just cyber $$$ right now. W & S (wait & see) is my motto...JoJo
you are right ROL is .4625 each since the new fees. All will find the same thing in their accounts. Many simulators have made this change in their simulators.
It is part of the new fees and there is not much we can do about it.
morfie