That is a tough question, if I do ask this to myself. Well, I am asking this question to myself.
I absolutely have no idea. Ok… maybe I do
Well, after my first experience with HYIP I actually did give up on this program with my tall between my legs and accepted the fact that all HYIPs are scams and ponzi.
Then I stumble upon a site which was actually promoting a particular HYIP site. This website that is promoting this HYIP is actually quite reputable. So it kinda hit to me that there are legitimate HYIP around.
We just need to search for it.
On the other hand, I had taken the site promotion of this program with a pinch of salt. I thought maybe I should try again to see how far I can succeed in HYIP.
So far I have been monitoring this particular program and it seem to be still running since 2005 with some major changes in it’s policies and site. Nothing last forever. So when I do get around to invest in this program I do hope that I am not getting the tail end of the cycle.
Further to that, I have also been just reading about HYIP and like trading, I need a strategy. With a strategy in hand I believe I can make some money from HYIP whether it is a scam or ponzi or even legitimate programs. Better than charging blindly like I did before with only 20 bucks….
I have been waiting patiently for the past few weeks. Waiting patiently for my funds to be ready so that I can get back into the game.
While my hand is really itching to get back into HYIP, I guess building up patiences is and could be one of the key to my success.
Sighh…. oh well… I guess I can keep building this site and learn more and refine my strategy until my funds comes in.
It’s difficult to answer that question, the first hurdle is already trying to identify if the program is legitimate or not. That is itself a risk.
They say no pain no gain, no risk no gain either. So if HYIP can provide you that much in gain, it means risk is high.
HYIP are very closely related to high risk portfolios. To continue from the answer on leveraging from the questions ‘Why do they need us to invest in their programs if they can generate such great returns?’, as great as it seems the return would be, if the program owner is not careful he could lose as fast as he gain.
Just imagine from the previous example, if the market moves against the portfolio, say the market EUR/USD exchange trades lower at 1.1100, which means he/she made a lot of USD7,000 and the investor has to cough up USD6,000 on his margin deposit.
So if we do are speaking in terms of legitimate programs, it is not exactly 100% safe because these programs can not in anyway be held accountable for your money if they made a lousy trade on the market, forex or whatever instruments and lost all the money that they are managing.
Further to that, most HYIP are ponzies anyway, so that in itself is not only illegal and it is definitely not safe.
If you want HYIP to be safe, then look for a program that might offer to you a contract when you deposit your money with them that has a clause that says ‘your principle amount will be insured from whatever loses due to the incompetents of our forex trader specialist’ or something like that, only then could you say that investing in HYIP is safe. But that would be very rare indeed.
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HYIP stands for High Yield Investment Programs. Which literally translate to scam, ponzi scheme, don’t go near it program. Sometimes it can be said to be High Yield for Scammers Program. High Loses for Suckers Program. I want to Make Money from you Program, Scammer R Us Program…. and I actually can go on and on….
Ok… well maybe I have just got carried away. Well, HYIP does stand for High Yield Investment Programs. It is a program that usually pays out better returns than your normal local financial institution, which includes your normal mutual fund or unit trust funds.
The only problem with these programs is that it is not regulated and because of that most of these programs are considered to be ponzi or scams. While some of them are legitimate programs, most of them are not.
You know, I have been reviewing my old site and I was reading my article on ‘My Reason for HYIP’ and found out that I never really changed my idea about HYIP.
But rather I believe I have evolve my opinion about HYIP just a little bit. I stated there that: ‘One should just take HYIP as a form of of entertainment like gambling in casino’ Well, rather it should be taking HYIP in a form of a game rather than entertainment. A game where we play to win.
So how do we win this game call HYIP?
Well, like any other game, we must form a strategy. There are a few things that I have been considering with regards to my strategy in this game. If you have been trading stocks, futures, forex or simply the market you might have caught the idea that I am implying.
While I leave my strategy discussion to another time. I believe that if this is a game, then we should play to win. But like trading the markets, we must be prepared to lose. On the other hand, be prepared to win, and to win big at it.
Now isn’t that exciting?