Is there an existing trusted investing program?
By vycess
@vycess (1588)
Saudi Arabia
May 9, 2010 1:22am CST
I want to know if there is a true investment program which we can trust. I always read some discussions that investment sites may pay you and then sooner or later they will run and take your money. Have you experienced this kind of thing?
4 responses
@babshish (1387)
• India
9 May 10
Hi vycess, yes you are right that most of the investing programs do pay for some time and then become scam and members loose their money which they have invested. Such programs first create their reputation by paying the members for some time and when trust is builded and members start investing big amounts they stop paying and run away with the money. The best strategy is to join such sites ,of course risk is involved, invest small amount and first recover your principal amount and then just keep on earning and withdrawing the profit part. So even if such site become scam, you will not loose anything. I have joined one site where I invested only 50 cents and withdrawn $1 and now just enjoying profits, now even if they become scam I am still in profit. So work accordingly.
@klipjobs (24)
• Indonesia
18 May 10
this investment program may be a mix between the classic pyramid, and the money game. so that the participants who joined in the beginning will most likely have obtained a return of investment, whereas the latter is less likely to join the investment return. to invest in hyip, a lot of people use the strategy of hit and run.
@lsk123 (39)
• India
9 May 10
HYIP is well known for investment and profit for short term. Remember it 'short term'. After this short term all programs turn into scams and they are commonly known as 'ponzi' systems. Investing on these sites is not a good idea. If you want to profit for a short term then its OK, but it may damage your profit if you run for long term.
@ritsuizero (140)
• Philippines
10 May 10
Well for me since I am a beginner in online investments I am trying free programs so there will be no risks. There are a lot of them, I am trying a few and since they are free anyway I am not too worried about it.
Investment were I have to put some real cash I do with banks or trusted business institutions.