06-30-2007, 06:07 PM
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VIP Investor
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Join Date: Apr 2007
Posts: 1,181
Rep Power: 5
Points: 0
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How to Spot a Bad HYIP
As with any investment that you may make, HYIPs have an element of risk involved. In most cases this risk comes from the fact that there are no guaranteed profits and although you have experienced investors investing on your behalf, there may be a crash in the stock or product where your money is invested. Unfortunately this is not the only risk involved with HYIPs. There are a few dishonest people out there who have set up HYIPs in order to fraudulently acquire investors’ money and who have no intention of allocating the profits out. Instead, they wait until the funds have grown to the extent they want them to and then they close the site and disappear with other peoples’ money. Nobody wants this to happen to them so I am going to make you aware of a couple of things to look for when choosing the HYIP site you are going to invest your money in.
Ensure that you do not unwittingly join a game site. These often charge you money to become a member but they are not HYIP programs and as such should be immediately discounted if it is a HYIP you are looking for.
Most HYIPs, genuine or otherwise, offer good returns on your investment in a relatively short term. However, if you see a HYIP offering unrealistically high returns, such as 100% a day, then you should be wary. If something seems too good to be true, remember it probably is.
When you have invested and made a profit you will find that most HYIPs pay them into their own accounts and tell you that the money is there to be collected. While this is generally not a sign of a fraudulent site it is always worth investigating how you can withdraw the funds before you invest. Some sites make it incredibly difficult to get at your money and this is not a good sign for the reliability of the investment.
Last edited by d4tacom; 07-01-2007 at 05:05 AM.
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