do you trust and invest in hyip?

@bulastika (5966)
Philippines
January 9, 2010 4:26am CST
Guys I just found a site that pay 1% more or less interest per day. But you can only withdraw the interest and not the principal. Its so good to be true but I joined. I'm a newbies in this type of industries. Guys can you help me and give me comment about this kind of industry. thanks
4 responses
@owlwings (43910)
• Cambridge, England
9 Jan 10
NEVER invest in a site that does not allow you to withdraw the principal. Your money is your money, where ever it is. The high interests are offered because it is also high risk. You are quite likely to lose most if not all that you invest. The moral is: Only invest money that you are prepared to lose (as if you were buying a Lottery ticket). Research the site thoroughly before you trust them with your investment. Many sites will promise much but, in reality, will not invest your money at all. They simply rake in what they can as 'investments' and then the site closes. The site owner, of course, takes your money and you get nothing. Some are not like that, it is true, but many are and it is often difficult to know the difference.
• Philippines
9 Jan 10
I like your inputs, owlwings. How old are you now? I think, the older we are, the wiser we become. I was supposed to give some inputs here, but since you already gave what I have to give here, all I can give now is "two thumbs up" for your advice. Keep it up! More power to you!
• China
10 Jan 10
Yes, Owlwings, your words is golden, do not invest the money you can not lose.
@bulastika (5966)
• Philippines
10 Jan 10
Thanks guys! That also my plan. I don't see it as investment. I see it as gambling. I only invested 2 dollars in the site that I joined. So far my two days earn me 10 cents. so its about 5% return of investment after two days only.
• China
10 Jan 10
1% sounds safety, you can keep that and earn after 100 days, then you start to earn your profits, read their plan carefully, that means how they can earn money. I usually join the program which can take cash out immediately or no more than 1 week.
• India
9 Jan 10
I have joined in many HYIP sites and lost the money. But small money. But recently I just logged in genius funds, then saw a link that a small survey will fetch me $15. I tried that survey and got $15 to my account. I deposited this in that site. Now it is running.Everyday I am getting $0.16 commission.
@Lucky09 (1763)
• Philippines
9 Jan 10
hi there! long time no see..haha i tried hyip once..just once. it had 28% interest for 4days. quite big..huh! but the risk is also high. i tried it because a friend online recommended it. i already invested few dollars before i heard some complaints of not receiving payment from this site. luckily, i got my interests paid, and i didn't dare try one more. after a week..the site closed. i guess those who had a bit big investment were never paid. tips: -invest money that you can afford to lose -withdraw all before reinvesting and don't let your money sit on that site...i mean withdraw as soon as possible -check hyip monitoring site. it may help you decide to invest on a particular hyip site -DON'T be GREEDY!
@bulastika (5966)
• Philippines
9 Jan 10
Thanks. Why is everybody telling me I'm greedy..lolz.. yeah your right its to risky. And its true invest what you afford to loss. Actually I don't think like I'm investing I'm more on curiosity. And doing some feasibility study. I just heard in now. And I invest two dollars. and I earn 5 cents in my first day alone. So its really a big wow for me.. wow..lolz