Is HYIP working for you ?
By Rtlsnk316
@Rtlsnk316 (1197)
Mexico
April 15, 2009 11:54am CST
Hi there,
Lately I've been very interested in making a little investment in some of those HYIP, and have been doing some research as well in forums here and there, trying to identify legits from scams.
I'm down to earth and agree that this will not make me rich a week from when I start to invest, and that I should only risk whatever I can afford to loose, so having that said, I would welcome any comments from anybody at all that can share their experience, bad ones and hopefully lots of good ones.
PM me if you have info that can't be posted, I'll be glad to have you as a friend too.
1 person likes this
3 responses
@chaselee (240)
• Philippines
17 Apr 09
I used to join hyips and based from what I've experienced before, they are just scams. I lost $100 from joining hyips and I didn't earn a bit. Its true that some sites pay you but it will take you several months before you can see earnings from the money that you invested. Its just a waste of your time and money.
@Rtlsnk316 (1197)
• Mexico
21 Apr 09
Hello chaselee,
This will really influence my decision for sure, or at least my will to research more deeply into the scam facts.
I will not take your experience for granted, it will be good to learn from people who know.
I appreciate your participation.
@Rtlsnk316 (1197)
• Mexico
22 Apr 09
Hi gajah9999,
That stands for something like High Yield Investment Program.
It is considered by many as a scam, a ponzi scheme, like a piramid scheme, where only some will benefit from it and a lot will loose their money.
By some others it has been said that in the run, it is a very profitable source of income if used properly.
I'm like in the middle of the two opinions, I don't want to much of a risk, but I do think there's something good about it as well, so I'll continue doing my research and listen to everybody's opinion.
@tixepower (1195)
• Sweden
15 Apr 09
There are not "legit" hyips. They all end in scam but those that pay little are usually paying for a long time and those that pay a lot usually become scam very fast.
@Rtlsnk316 (1197)
• Mexico
15 Apr 09
Hi there,
Hey that's good to know, I don't get in no hurry to just wait for somebody to tell me "go for it" and just throw my money away, but any opinion at all is valuable for me.
Did you got scammed at one point by one of this programs? Do you currently have any other online income generating source?
