Imperia Invest publish timetable for payment…

After what seems an age Imperia Invest have published the timetable for payments. In summary members will be able to access their funds in the middle of next year. Anyone wanting to purchase new or additional Traded Endowment Policies (TEP) have until the 01 February 2010 to do so.

The full timetable is available in the Imperia Invest backoffice for members. Whilst it appears that the due diligence has been completed on the member forms there is still a lot of work to do on validating the database and setting up bank accounts for members.

In relation to bank accounts it’s not clear whether there will be a charge to set these up, the wording in the update isn’t explicit on this point so I’m sure more clarification will be published in due course.

Clearly, patience is still a major requirement but at least we should be able to track the steps to see whether the payouts will occur on time. Personally I consider all of these investment types to still be at risk until I can physically withdraw funds so I shall have to put this to the back of my mind for the time being.

If this is the first time you’ve heard of Imperia Invest I should explain that you can invest in a TEP for $50. This qualifies you for an $80,000 loan which is traded on your behalf. After six months the trade matures and you are eligible to receive a return of $134,000. You will have to provide evidence of ID and complete a trustee agreement.

The usual caveat applies here in that you should never invest funds that you need for day to day expenses. These types of investments have still to be proven in practice and until they are they should be viewed as high risk.