some quesions about HYIFund.
By ladymingler
@ladymingler (182)
Philippines
April 2, 2010 10:13pm CST
I just signed up with HYIFund. But I need some clarification about the program. Is the investment balance can be withdrawn or just the earned available cash balance? if not, does it mean that if I invest say $10 I will not be able to withdraw it? I will be able to get it back only by the accumulated interest?
5 responses
@fourjems08 (550)
• Philippines
3 Apr 10
Yes dear, you won't be able to withdraw it. It stays as your investment. You can only withdraw the daily interest which will accumulate in your available cash balance if you have not compounded the interest. If you decide to compound it, it adds to your investment balance thus increases your daily interest.
@pierone (1894)
• Italy
3 Apr 10
Yes, absoluty right.
supposing you invest $10, you will have a total investment of $12.5 thanks to the "gift" they give you. On average you will get $0.13 of interest each day.
If you don't compound the interest, you will need around 100 days to get back the money you invested.
So the only way to make this investment really profitable should be wait around 200 days, in while you compound the interest, before start to withdraw the interests. At that point you should have an investment of around $100 that give you an interest of $1 daily.
The question is, will they be still active after 200 days? ;)
@ladymingler (182)
• Philippines
3 Apr 10
ah.. so this means I should hold my investment for 200 days and then afterward I will stop the compounding so the interest will go to my available cash balance.. But do you think the program will stay live till those days?
@pierone (1894)
• Italy
3 Apr 10
The 200 days is a "target" I've said to let the investment be really profitable. If you invest $10 and compound the interests, after almost 200 days you will get $1 per day.
But, obviously, you can decide to don't compound the interests, and get back $0.13 per day starting from the day after your investment.
In this way, you will need almost 100 days to get back your money. Then you will earn $0.13 per day ;)
Who can knows if this program will stay live after 200, 100 or 30 days?
I guess you know what happened to geniusfunds.
If you asked to some investor the past month, do you guess they will stay live in the next 6 months, I bet all of them would answer "for sure!".
Keep in mind HYIP are a big risk. The possibility you lose your money is really high.
So my suggestion is:
If $10 are a lot of money for you, and you can't afford to lose them, then keep you money. There are lot of ways to earn money on the net without risking your own money.
If you can afford to lose these money, and accept the risk, then compound the interest for a while. If the program will not disappeared you will get back much more and faster.
@lifeafterdeath09 (2043)
• United States
4 Apr 10
i dont think you should use hyifund. i think it might be a scam. i know alot of those kinds of sites that are scams. also you should not invest any of your money on any sites. they will scam you if you do. you never know where your money will go once you spend it. best of luck with earning.
@kingsizewe (544)
• Bulgaria
11 Apr 10
3oooof, there are legal companies, which are real traders and even they have guarantee that you can't lose your money as investor, because they have emergency fund, which provides protection from any losses. Such sites are http://primarypool.com/, alpha-money.com and others.
@maverick555 (99)
• India
3 Apr 10
you can withdraw your principle after 200 days.but this is most stable hyip till date so you can go ahead and invest.
@ladymingler (182)
• Philippines
3 Apr 10
I can withdraw the principal? or you mean I can get back my money through the interests earned?
@pierone (1894)
• Italy
3 Apr 10
This is absoluty false! Your principal is the investment you done, and as they clearly explain in the "our plans" section: "Once funds are placed into the "Investment Balance", they cannot be removed, and the investment never expires.".
This means you can withdraw the interests if you don't compound it, but you NEVER will be able to withdraw the principal, or the interests you compounded.
I guess, maverick, when you're talking about the money, you should give precise, trustable and truth indications. If you don't knows their rules could be better stay quiet instead of giving false informations that could push someone to make a mistake!
@gracce (335)
• India
3 Apr 10
Yes,You will be able to withdraw your invested balance by accumulated interest only,you can never withdraw your investment balance,they will stay with them forever,you can only withdraw your earned available cash balance,so it will take 100 days to recover your invested money.
@bestylish (922)
• Philippines
22 Apr 10
I am planning to join hyifund and I want to than you for posting this discussion. The responses of other mylotters really helped me. It made me understand hyifund quickly. Thanks again! Happy mylotting anf God Bless!