Tuesday, December 4, 2007

HYIPs

HYIPs stands for High Yield Interest Programs. These are high risk investments that offer anywhere between .05% a day to 4% a day. This is a fairly new arena, as the internet has opened these kinds of opportunities. Like everything new, there is alot of failed programs, scams, and ponzi schemes. This means that you need to do your research before you invest. There are a few legitimate programs, ones that really are investments, and who will be around for the long haul. It is hard to see the difference between the real ones and the fake ones at first, especially as this kind of vehicle has only been around for a few years.



So over the next few posts, I will be sharing the knowledge that I have found, and talking about the investments I have made, how to do it, and what criteria you should use before making an investment. Be warned, there are hundreds of these HYIPs about, and only a handful are going to make through the long haul. This means that unless you stumble upon a keeper, you must have a good idea about what you are looking for.



Many of the HYIPs are Ponzi Schemes, they are only designed to last for a short period of time. I have seen some only last days. They are not real investing firms, they simply pay out based on what others pay in. So, you could make money if you were in at the beginning, but not in the end. The Ponzi Schemes tend to last only a few months, I have seen some only last a week. Make sure you do your research with every company. I will also give you the guidlines to weed out definate scams, and hopefully help you find a few that are real companies.

2 comments:

Ki said...

You and Tom have been a terrible influence on my husband. He want to be an investor.

Sigh.

Money is such a curse. How I suffer.

Stitchnmom said...

Tell me more, tell me more!!!!