Is investing in HYIP advisable

India
January 30, 2011 12:31pm CST
Now a days many people are behind so called profitable HYIP (High Yield Investment Plans) Some one was recently saying i invested a dollar n got back 1.1 So i wanna invest now 500 $ I advised him they ll initially pay U and once they get big fish will say a big byee.. Do u people believe the same thing happens Please let me know if u have any other views
2 responses
Rtlsnk316
@Rtlsnk316 (1197)
• Mexico
22 Feb 11
I tried a few HYIP sites already and had a learning experience, many of them sounded too good and I even got paid by all of them but my mistake was that I started to trust them too much, back then I didn't knew hot to play the game. I no longer do HYIPs, I know that in order to minimize the risk I should calculate how much I'm willing to loose, and also use some "get in-get out" strategy. I know there are several more agressive and experienced investors out there but this is just my opinion on how to do HYIPs.
jwfarrimond
@jwfarrimond (4473)
•
30 Jan 11
High yield means high risk and many, if not all of these HYIP sites are simply scams who will sooner or later vanish with your money. So you have the right idea about them.