what is this type of programs- is it trustable?
By KRTWORLDWIDE
@KRTWORLDWIDE (511)
India
April 21, 2011 8:09am CST
There are many earning options in internet. There are ptc, ptr, sites to earn money. But I have heared a program type called HYIP. What is this type of programs ?
Is earning with this site is secured? and trustworthy?
3 responses
@2EarnMoney2 (1160)
• United States
21 Apr 11
As first person stated, it's High Yield Investment Program.
Bottom line, these are Ponzi schemes, using recent investments to pay members who invested earlier. They will all eventually end up disappearing over night taking a lot of funds with it and never paying many members and only partially paying even more.
In general this is one of the worst ways to go about making money online.
With intimate knowledge of the people who run the site's and they way they are done, it's possible to indeed earn money. But if you are that good at research, marketing(for referrals) and investing. There are better payoffs in legit stock markets, not to mention that fact that it's actually legal.
Best to keep looking for a different method, as this is an option no one should really consider for ten minutes it takes to see they are all fatally flawed.
@kingsteven (1)
• Indonesia
21 Apr 11
HYIP = High Yield Investment Program.
On HYIP, you must deposit (invest money) to join their plan.
HYIP offering High return but most of them are scam.
If you want to try invest on HYIP, please use money that you can afford to lose.
Hope this answer help you..