Don’t believe in HYIP programs
Want to be an investor? Maybe getting a couple percent returns on your investment each day or around ten percent each week?
Of course you would, who wouldn’t, but the reality is not that simple even though there are tens if not hundreds of companies out there promising you unrealistic returns on your investment, and only the lucky few will ever get any money out of these schemes. And the ones who are lucky enough to get their money back are only making a profit out of other people’s money, not any form for investments. These are all PONZI programs (a fraudulent investment operation that involves paying abnormally high returns (”profits”) to investors out of the money paid in by subsequent investors, rather than from net revenues generated by any real business. Taken from Wikipedia)
There are many forums out there that discuss HYIPS in great details, but I have found that most of them condone these programs way more than they should because they all make a profit from their affiliate programs, it is kind of pathetic that sites that really say they are against all forms of fraud still let companies (I don’t like to use the word company since most of them probably are run from a basement somewhere by a bunch of scammers) use their website to advertise their schemes to unwary people.
My best and only tip is to stay far far away from anything that sounds too good to be true, because it probably is, and if they use the word HYIP somewhere, run away….
Tags: Investing