Some Finer points to make Note of while investing in HYIP's ...My View
By champrocker
@champrocker (879)
India
April 28, 2010 8:16am CST
PUT THAT MONEY IN HYIP'S WHICH YOU CAN AFFORD TO LOSE
Well I prepared this Article after putting in lot of time and now I want to share my views with mylotters about HYIP's . The headline is the all in all principle for HYIP's . Rest follows it.
The world of HYIP's is one of the most adventurous terrains in the field of Investment. From the point of view of earnings it is a very lucrative proposition. But at the same time choosing wrong HYIP's and making some basic investment mistakes can be fatal for the savings.
Before jumping into the HYIP world I thought very seriously of conducting a research about them and then start my investment stint because I don't want myself to be added to the long list of losers who lost just because of missing the finer points and seeing their savings & earnings vanishing away.
After this extensive research and doing some test investments I tried to figure out that what can be the mistakes, which a person entering into the arena of HYIP's can avoid and make a successful innings at investing and earning. I can list out some useful tips, which an investor and specially a newbie should follow religiously.
Avoid Spending Big Amount at the First Instance
The foremost faulty technique of an investor can be that he finds out a little bit about the reputation of a HYIP and straightway makes a decision to spend a big amount of money even before making a plan about how to earn the best possible according to the plans offered by the particular HYIP.
There have been examples that people in excitement of the reputation of HYIP and greed of reaping quick rewards have lost huge sums of money because of this fast approach. Be Patient before spending because you can spend later after testing but once you spend you don’t have any other choice left.
Make it a point to make test spend before going for a big investment. This will ensure that you have realized the functioning of the HYIP and you can then decide whether the particular HYIP will be beneficial for your goals or not.
Even a single test does not ensure that you have tested the HYIP fully and this single test entails for a big investment. Make a repetition of tests and gradually increase your capital with the passage of time and the establishment of the HYIP as stable. This can even be made as a Rule of Thumb for oneself.
Invest and Withdraw Soon for Confirmation
The compounding feature of the HYIP's make it lucrative and this might tempt you to reinvest your Profits for bigger earnings but what if you find at the end of the investment period that the withdraw function of the HYIP script is not working. This can make anyone just beat his head in frustration. This can however be avoided meticulously by investing into a plan where at a small period of time you can test the withdrawal function. Keep withdrawing for sometime to check the credibility and then when satisfaction is attained you can compound for better rewards.
Diversify Your Investment
The basic nature of humans is that we tend to make favorites. Now this can work disastrously if our favorite goes awry. What does that mean then. Lets take an example that we have 2 favorites and we think that we should get $400 from each and have an income of $800 in total. This approach can turn out be dicey if the favorite loses its place by not performing what it used to be in the past because the past performance is not the signal for future performance forever. Even if one goes down you tend to lose hefty $400.
This signifies that it is better to invest in good four or six HYIP’s and getting a total of $800 from them which would ensure that most of the income is retained. If one of them goes then you tend to lose $100 to $150. You retain the maximum income.
Try to get the Basic Investment Back As Soon As Possible
Always try to make investment in such programs where there is Flexibility in the compounding percentages. Make a spend and keep the compounding low as long as you are in the process of getting your spend back. After you have got the basic investment back into your pocket, now compound to the fullest for reaping from the invested amount. Your principle is intact and now earning is coming handy.
Even if we know that the HYIP is going to run for a long time as per its performance still it is necessary to get the original investment back. We are there to make earnings and not just to see that our earnings growing in the balance sheet and when the time comes for maturity they are not coming out of the Balance Sheet into our pockets.
Greed is the Biggest Enemy
Mostly people who are greedy tend to lose more .The genuine HYIP's which are running since years and are paying religiously offer the realistic rates of return. The HYIP’s, which are opened for conducting scams, are the ones, which tend to focus on the greed of innocent people to extract their money out of their pockets and runway. Large promises are made at the launch and when the greed of a person goes high to get rich quickly he tends to invest most into that scam prone HYIP and then is left behind just to mourn the loss. Always think realistically and see what the most established HYIP's are paying regularly which can be taken as the benchmark for the rate of return on the investment. When some promises of hefty returns are too good to be true they mostly are.
Do Extensive Research
Always make a point to make a good research about the HYIP in which you are getting ready to invest. Do not jump at the first instance to invest just because you liked the script of the program or the functioning of the website is filled with great graphics. These things are not going to pay you. The basic thing is that what are the plans of the HYIP, since when the HYIP is running, how does the withdrawal system of the HYIP works, what other people are mentioning about the HYIP, for how long the Domain registration will be valid, etc. This research would certainly let you know about the possibility and probability of investing into a particular HYIP.
Track your Investments and Returns
Another mistake which we can commit is that we just tend to invest and forget that exactly how much we are able to get out of the investment.. Make a list of all the HYIP's into which you have invested. Keep a record preferably in a spreadsheet where you can list out the HYIP's, invested amount; daily, weekly or monthly withdrawals; total earnings excluding the principle. These records will in the long run make you decide about which plans are more rewarding, which HYIP is best for your goals, how much you are earning on how much amount.
Afterall we want to earn from HYIP's and it will be our endeavor to take out the profits as earnings and not just recycling our profits all the time for keeping them locked and making them just as tool for compounding and unable to use them as earnings in the end.
If you purposely keep these things in mind you will be able to keep your savings intact, reap more benefits and have the opportunity to associate yourself with best programs running in the HYIP industry and also able to choose the best plans according to your earning aspirations and goals of investment.
I wish you Luck in your Aspirations of earning from HYIP's and that too the best ones.
1 response
@veromar (1453)
• Argentina
28 Apr 10
Hi Champrocker. Thanks for sharing your insights about HYIP's. I have been considering investing in a HYIP for quite some time but must admit I'm fairly hesitant. Mainly because I don't feel educated enough and secondly because I work too hard to make what little money I have only to throw it away on a program that ends up closing after getting my money. lol. I agree wholeheartedly about greed being man's biggest enemy in venturing into the HYIP world. I've read hundreds of stories of those who have lost significant amounts of money and in their wording, in most instances, it was due to greed. Do you have any suggestions of particular programs that would be a good place for a beginner to start? How does one go about doing proper research about a particular HYIP? For instance, finding out how long the domain registration is valid? Is there a particular program that can be used for monitoring and tracking of your investments? As you can tell, I'm completely uneducated about this topic but I am interested in learning from those who have had some experience. I want to start small, with an amount that I can "afford" to lose and I have a specific goal in mind that is not unrealistic. Any suggestions are appreciated.
@veromar (1453)
• Argentina
29 Apr 10
This is some great info! Thank you very much for taking the time to share. It looks like I've got a lot of "homework" to do! lol. I especially appreciate the forums you included. I've always found it best to read comments from people who are actually working programs such as HYIP's versus, say, reading somebody's propaganda. lol. Again, thanks for all the advice and information. We'll see what happens.