Some tips in HYIP Investing.
By tombiz
@tombiz (2036)
Philippines
July 5, 2007 2:00am CST
I am sharing here some of the most important tips and guidelines for those people who are contemplating to invest some money in HIgh Yield Investment Programs (HYIPs).
1. Never invest more than what you can afford to lose. Meaning never invest the money that is meant for your basic needs or money to pay off some debts. You must always be prepared to lose the money invested here. there is never a surefire formula of making money here.
2. Don't invest all your pie in a single company or program. Most wise investors in HYIPs will never just select one program to minimize the chance of bankuptcy. Spread and minimize the risks.
3. Don't choose the older programs. As much as possible, invest only in programs not more than 6 months old.
4. Always make regular withdrawals of your profits. So that in case the program will close shop, the loss is minimized.
5. Always listen and consult with other investors. Some investors are friendly enough to give some tips and ideas for your good and guidance.
6. Always remember that HYIPs will eventually closed. So you better be prepared.
7. DON'T EVER RECRUIT YOUR FRIENDS AND RELATIVES into the program not unless they are fully aware of the real picture of HYIPs. Or else you will have broken friendships and relationships at the end of the day.
3 people like this
5 responses
@bellcross (40)
• Malaysia
10 Jul 07
Thank you buddy for sharing these advices. Yes, you sure speaking about HYIP world. Until today, no HYIP programme that can stood by itself for a long time. It will enventually close. As you say, you must prepare to loose money. That right. I also have a experience when i loose quiet a lot money for the HYIP programme. I believe that is SCAM. That was a long time ago when i start investing in this programme. Surely, you need to make a good and fast decision in this kind of programme. A good strategy will help us a lot in the future. Thanks again to tombiz for the advices.
@toonatoons (3737)
• Philippines
5 Jul 07
thanks for sharing. these are very helpful tips. i've had bad experiences with certain HYIPs, but there's one i invested in that has been steadily paying me for a month. the link is in my blog, http://toonatoons-underthesun.blogspot.com
@wilynn (751)
• Singapore
28 Jul 07
That's very valuable tips. But I have a question that is, ain't longer staying HYIPs more credible since they have been around for some time now. Unlike new ones, they will just make and run. Its a question on my mind that I do not understand and hopefully, you can clarify it.