Interested in HYIPs

India
February 25, 2010 5:58am CST
How many mylotters are working on HYIP sites (High Yield Investment Program). Are they legit? Anybody made profit from HYIPs? Give a clear cut idea about this type of sites.
2 people like this
9 responses
@mysdianait (66009)
• Italy
25 Feb 10
I have not started using them yet but I am getting curious about them. As you know, I am interested in one but I have not had time to investigate it properly yet. i don't like embarking on something new until I have understood what I am letting myself in for. My doubt with that one is that it uses LibertyRiserve and I am not familiar with it. Are there fees with LR? I shall be watching this discussion for even more information which I hope will help
1 person likes this
@rosdimy (3926)
• Malaysia
25 Feb 10
If you are interested in joining HYIPs, or would like to know more, join sites like Global Earn Talk, Elite Fund Team and Earning Palace. You get paid for posting on these sites. GET sends info by email on the latest recommended site.
2 people like this
@vandana7 (99380)
• India
25 Feb 10
Hi diana - I am also keen on such things. I'll follow you. :)
@mysdianait (66009)
• Italy
25 Feb 10
Not yet! I am not even at the starting blocks
1 person likes this
@Wismay (2037)
• India
25 Feb 10
With HYIPs you need to invest a little amount. A amount that you can afford to lose. And if you gain from the investment then try to get back your original investment and after that keep on compounding. That is the best way to handle HYIPs and with almost zero risk once you get back your initial deposit. Happy Mylotting!
1 person likes this
@mysdianait (66009)
• Italy
25 Feb 10
This phrase --- 'A amount that you can afford to lose' is what always puts me off starting I don't want to lose anything obviously and if it really is that risky then I don't even feel like getting started. What a dlemma!
1 person likes this
@Wismay (2037)
• India
25 Feb 10
Yes, 'Amount that you can afford to lose' is not so convincing but investment world it the one lesson taught to all! Though, one can invest where the return is 100% sure but such kind of investments are totally different and not available easily. And HYIPs are 100% risky investments. Even Warren Buffet and Donald Trump can guarantee what these sites guarantee to pay as interest!
1 person likes this
@buenavida (9985)
• Sweden
25 Feb 10
I am trying one that looks ok for me - they have paid a little over 1% a day since I joined in January 13th. Together with the welcome bonus I started with $6 and now my investment balance is $9.53 - I have not taken anything out, just compounded the rent. This site has been around for many years. I can start taking out the future rent just by changing a little in the back office. But I want to wait until this gives some good income. They also accept Alertpay and two other payment processors. I will send you the link if you wish.
@mkannanm (582)
• India
26 Feb 10
HYIP with welcome bonus!!!! I want to try that. Can you provide the website details? Does it limit withdrawal till our first investment? Why i am asking is, i joined on HYIP which doesn't allow me to withdraw till i invest $1. But that also paying till now to me.
@rosdimy (3926)
• Malaysia
25 Feb 10
Most, if not all, HYIPs are not real investment programs. The basic model of HYIPs is the collection of money from new members to pay those who join early. It is for this reason that most of them had to close down. The losers are always the latecomers, partly because not many join after them, so there is less money for disbursement. Remember Megalido which was highly praised by many myLotters until it was unable to pay? There are people who like to take risks. They pick up new HYIPs, get paid, and leave. If you do want to try HYIPs, adopt the same strategy.
1 person likes this
@mysdianait (66009)
• Italy
25 Feb 10
I remember Megalido! Before that one there was another called something like TNICC. That flopped too
1 person likes this
• Philippines
25 Feb 10
There are HYIP that are legit however there are many scammers. You better ask for a proof of payment before investing and try to research about the site and try a small amount. Have a nice day and good luck!
1 person likes this
• India
25 Feb 10
ya i know and they paid me in less than one day please reply me if you want.
1 person likes this
• India
26 Feb 10
I have invested in HYIfund and the wellington fund. both are legit and paying. You will find the links to both these sites in my profile. I withdraw the gain regularly to my Liberty Reserve account from both these funds. they process the payments in time. In HYIfund you have the choice of cumulative and non-cumulative mode. Initially its better to let it on cumulative so that you have a decent principal amount which will give a better rate of return. One that is achieved, put it on non-cumulative mode and start withdrawing it whenever you want the funds. Never ever withdraw on daily basis if the amount is less that 40-50 cents as liberty reserve charges will eat into your profits. I am a investor in this fund since October 2009. The Wellington Fund is has two funds - daily returns fund of 300 days and the bond fund - 30 days. I am receiving regular payments from them since December 2009.
@Honiawa (167)
• Romania
25 Feb 10
I like HYIPs and I work on two of them: HYIfund and Verifiled. I didn't invest much until now, but I'm seriously thinking about it because they are both legit. On Verifield I use LR, and their fees, from what I've seen until now are smaller than on PP. For HYIfund I use AlertPay
• India
25 Feb 10
Hello jose, I don't a bit about this so can't say that it is legit or not, may anybody else can tell you what you want/need. sorry