Hyips or High Yield Investment Programs are online investment companies that offer high interest rates. These interest rates varies from 0.5% per day to over 500% per day.
The higher the interests rates are, the higher the risks are.
You might wonder how are they able to offer this high returns and make banks look like ****?
What they claim is this: The key to this success is that they invest in very dynamic market like forex, stock market etc, and due to their aggressive investment strategies this kind of returns is possible.
Let hypothetically assume that this is true.
Lets say we have a hyip X that offers 2% per day on your investment. We like the plan, withdraw $1000 (our 1 year savings) from the bank and fund our e-gold account. Then we invest those money in the X company.
Because we want our money to grow faster we compound them After 12 months we are in the first position of Forbes list because we have more than $50 billion in our account. Bill gates is second.
To sum up, we made in 1 year, doing nothing, what Bill Gates made in 40 years with hard work.
Well if you believe this crap you should visit a doctor immediately.
Hyips are nothing but ponzy schemes (Named after Charles Ponzi for more info on him go ot:
http://en.wikipedia.org/wiki/Charles_Ponzi)
If they don’t really invest anywhere, can I make money with them?
The answer is yes. Anyway the answer should not be interpreted as yes you can make millions but as yes you can make some extra money. If your looking for a full online income, hyips are not for you.
Before you learn how to make money with hyips you should learn how they work. Here is the definition of a ponzi scheme on wikipedia:
A Ponzi scheme is a fraudulent investment operation that involves paying abnormally high returns (”profits“) to investors out of the money paid in by subsequent investors, rather than from net revenues generated by any real business. It is named after Charles Ponzi.
In other words, a hyip is like a pyramide program where the first people that invest in it, are paid by the newer people that invest in it. This means that the money that you get are somebody’s else who joined later than you. A hyip will last as long as the new comers are able to cover the expenses of late investors. And when the number of new comers starts to fall, the hyip will scam.
Now that you know how they work it will be easier to make money out of them.
Learn what are HYIPs and if you can make money with them
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