Saturday, March 8, 2008

What is HYIP?

HYIP stands for High Yield Investment Program. HYIP will give you much bigger interest on your investments than traditional banks. If traditional banks usually give you only 1% interest monthly or less, these HYIP can offer you at least 0.3% daily or even much more. But you must remember, that much higher gain is always accompanied by much higher risk!! It is very probably that you would loss all your investment in just one day if you choose the wrong HYIP programs!

There are so many scammers (=swindlers) in the HYIP world. In fact, it is almost impossible for us to know beforehand whether a HYIP program runs by a chronic swindler or not. Actually, almost 100% HYIP Programs eventually ended as scams! It is just a matter of time apparently, so it is not wise to invest a big amount of money into a newly established HYIP Program, no matter how convincing the website looks or how "reasonable" the interest rate offered! Usually, experienced investors will spend only a small amount of money to be invested in a newly established HYIP Program. If the program proves to be good, they might made some bigger spends to invest there. But, never forget this GOLDEN RULE in the HYIP world: DO NOT INVEST MORE THAN YOU CAN AFFORD TO LOOSE!

Yes, almost 100% HYIP Programs ended as scam eventually. But, why still so many people are willing to invest in that kind of investment? Of course because of its high returns! Usually more experienced investors will invest for some very limited time. If they have their total investment + interest back, they will stop and withdraw all their money from that HYIP Program. They might reinvest if they feel that the HYIP Program is still reliable for at least one more investment period. If not, they would search other HYIP Programs, analyze them very carefully by finding as much information about the desired HYIP Programs from many sources, and then make spending for investments if those HYIP Programs look promising.



(picture taken from http://baixaki.ig.com.br/imagens/wpapers/shrek2_wp03800.jpg)

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