What are the risks in HYIP? Need help!
10 Mar 07
HYIP means high yield investment program - there are plenty on the internet. While it is true that many are scams, there are some really paying ones too. But, anyone who wants to "invest" their money should really do a thorough investigation before joining. I lost some money in it and have learnt my lesson. I am still in HYIPs. If you are keen, send me a your email and I will refer you to some of the sites.
17 Feb 07
If you knew a way to make 150% of your money in 24 hours - would you tell everyone about it? Or would you just keep putting your money in? They are all cons. The first few members will get some money back, so that people will start to trust them and say that they are paying. But then they will take everyone elses money and the site will just disappear. They are very much a con. I would not touch them at all. IF IT LOOKS TOO GOOD TO BE TRUE - IT PROBABLY IS
17 Feb 07
About 95% of HYIPs are scam, so think twice before investing in any of them. Some HYIPs would offer you a return on investment of as high as 1000% daily, which is too good to be true. And if it's too good to be true, it really must be. These scams put up a website and when they have fooled a number of investors, they just shut down and then create a similar website. If you would notice, the websites of HYIPs are mirror sites of one another, meaning, they all have the same contents. Beware of these HYIPs because they are out to steal your hard-earned money. If you really want to test whether a HYIP is legitimate, invest an amount that you can afford to lose so if the company turns out to be a scam, no harm would be done on your part. The mistake committed by most investors out there looking for a quick way to get rich is to invest a huge sum of money and wait for the promised high returns. They end up wishing they had never invested at all. So be wise and be cautious about HYIPs.
8 Mar 07
You are definitely right. I think it's more than 95% because the operator are just waiting for the right time to pull the plug. The next day you will find that the web site you joined yesterday could not be accessed already. However another 5% of good HYIP is something that you should really carefully look around. Don't really trust the HYIP monitor site. I have lost some money from these HYIP too but I'm still searching. So far this programme is paying and I don't know until when. http://a3union.com/?id=800010360 You can join under my referral link but don't invest/spend any money if you are NOT sure!!!
• United States
17 Feb 07
The good news is that HYIP investments can be very fruitful, and that the investment required is tiny, somewhat like junk bonds. However, the downside is that most of the time it's like throwing money down a rathole. Further, I find that many HYIP investors can't track the investment once it "disappears" into Latvia or Nigeria, into hidden accounts that are never heard from again. If the SEC is keeping track of these HYIPs, that's news to me. Very, very risky, maybe a payout, maybe an honest operator, but no guarantees. It's a fool's roll of the dice at best.