High Yield Investment Programs (HYIPs) appear at first to be the secret of unlimited wealth and happiness, but as you can guess that is changing rapidly. However, I found myself still using it in a very limited extent as a generator for my digital exchange. I will discuss in a later article. First, you should understand the concept of e-currency. It is a digital currency that is traded and used to make purchases online. Indeed, it has no national boundaries, is treated in many different currencies and is very liquidible. Although all these factors make it a very versatile tool for the investor, it also makes it anonymous and therefore very attractive to scammers and thieves. Be warned it is almost impossible to know who you are dealing with or what they actually do with your money. There are many types of e-currencies, but I prefer e-gold for many other efforts than help.
Hopefully my experience with HYIPs help you to make decisions about your use or non-use of making wise decisions. I was very hesitant when I first came on HYIPs but the rewards were so tempting that I had to learn more. I surfed through site after site before opening my e-gold account. Then, I was ready to jump in and like everyone jumping in headfirst I ended up with a headache. Most of my initial investment of one hundred twenty dollars went to two sites I supposed to professional and well maintained. As the old saying goes Appearances are deceptive, after investing fifty dollars on every location I was waiting with extreme anticipation for my first pay a week later. I could not wait for my hundred percent plus profit. The week came and went and needless to say, I'm still waiting for this day. In fact, I have never received a penny, nor even had an e-mail return either site.
I licked my wounds and decided not to give up. After about two weeks of research, I came upon a forum that let investors rate the HYIPs. It was called the Ministry of Gold (MOG). I monitored it for a few more weeks, and then I was ready to try. Another hand This time I invested another hundred dollars. However, unlike the last time, I invested five to ten dollars in twenty different HYIPs. To my surprise, all paid me. In fact, my initial investment doubled in the first week. Yes, I was excited, too. But continue to read this before you run out and invest in HYIPs. In the next two months, I continued to invest 10-40 dollars in twenty-five different sites. Also loved invest additional money in a site, Trad Invest. It had been over a year and paid an eighty percent gain for four weeks. Two months later, my original two hundred dollars has grown to more than six hundred dollars. Soon, many of the HYIPs I was investing ten to thirty dollars began to disappear. This did not phase me because of my sustain profits Trad Invest. Low and behold one day come tradei9nvest not paying. I checked the MOG forum and found that she had stopped paying everyone. To this day, they just disappeared.
I was left with only about fifty dollars less than a quarter of what I originally started with. It was all in a HYIP called Prime Fund. There is a silver lining to this story. Prime fund is still paying me one to three percent of my initial investment is about sixty percent per month.
In short, the many hours I had to spend in research, analysis and follow-up for HYIPs was not worth the rewards. I think there monetize them money, but it will be someone devotes to adapt to all the scams. / Her time on a continuous basis I recommend only if HYIPs games no investments.
Steven Parsons, The Savvy Investor
No comments:
Post a Comment