High yield
investment programs are becoming popular, as they allow anyone to
invest at a level where they are comfortable. However, when anything that involves money becomes popular, it’s a sure bet that someone will figure out how to get money from it by scamming others. Because of this it pays to keep your eyes open when your begin
investing.
Like any other stock, try to get as much information as you can before you invest. The more information you can get, the more likely you can make an informed decision. At the same time, be wary of too much information; the more glowing references that an HYIP has, the more likely it is to be a scam (after all, not everyone will like a given HYIP).
You also need to find HYIP monitors that you can trust. They may not always be accurate, so make sure that you have several. The idea is that each monitor will give you different information about the same HYIP, and that difference in perspective may show you either directly or indirectly something that may feel wrong, and stop you from investing in an HYIP that may be a scam.
Pay attention to HYIP ratings. Monitors keep track of HYIP investments, and report on how they do. An HYIP that almost no one has heard about doing well should be a cause for concern, as it is obviously inflating its performance, and that’s usually a sure sign of a scam. Another sign of a scam is an HYIP that performs too well or strange; basically, if it’s too good to be true, it usually is.
A quick note of why strange behavior should be a warning sign: Most scammers know that most people will avoid anything that looks too good to be true. Because of this, they try to set up an HYIP that acts natural. However, they’ll tend to overcompensate how the HYIP is doing, making valleys go too low while keeping the crests plateau. However, some investors like that in an HYIP, as if they can time it right they can make quite a bit from it, so the standard investors avoid it, and the players try to take advantage, allowing the scam to work anyway. It’s just better to avoid a strangely behaving HYIP in the first place.
Be advised that some scammers take advantage of the hazy nature of HYIP’s. Most European and American institutions try to avoid investments that make too much money too quick; the best way to avoid a scam is to simply put yourself in a position where being scammed is simply not possible. This means that a number of HYIP’s originate from places you don’t want to deal with under normal circumstances; that’s not a warning sign in and of itself. However, not disclosing that or not mentioning anything specific is.
Just remember to go into any situation wary and make them prove themselves to you; if they challenge you to prove yourself, then it’s usually a bad situation just waiting to happen so decline their challenge and go elsewhere.
The best way to make money from HYIPs is to use a HYIP Monitor. Visit on of the fastest growing ones at http://hyip-status.com!
Tags: autosurf, e gold, get, gpt, hyip, hyip monitor, hyips, invest, investment, money, online, paid, ponzi, scamautosurf, e gold, get, gpt, hyip, hyip monitor, hyips, invest, investment, money, online, paid, ponzi, scamShare This
investment @ 16 Jul 2008 01:27 pm by admin
No Comments »
High Yield
Investment Programs require the ability to shift money quickly and into whatever form is needed by the appropriate program. Also, the country of origin for an HYIP and the person using it can be two different places with entirely different currencies. Because of this, there needs to be a way for the HYIP investor to translate his currency into the currency of the HYIP.
E-gold offers a rather interesting way to do this. An investor can go online and buy a certain amount of gold, which can then be transferred to someone else using E-gold. As the gold itself can be translated from country to country as a sort of absolute value. As a number of HYIP’s use E-gold because of its security features and that gold translates well.
E-gold has a number of ways to ensure that its members aren’t taking advantage of by scams and frauds. Also, there are enough safeguards that help to ensure that the money gets to where it’s supposed to get to with as few problems as possible, and that the money does in fact get there. Because of all of its features and safeguards, E-gold is used by a number of different groups.
There are a few problems with E-gold, however. The biggest of these is that “sells” (transfers from one account to another) are final. Unlike other online cash sites, E-gold does not void transfers, making it vulnerable to scams and swindles. Members are thus highly advised to make sure that they are completely sure of any transaction that they start.
The other limitation is that not every site uses it, and some don’t like it. Ebay, for example, even has use of e-gold as a reason for banning a user (you can, however, use it on PayPal, and transfer it over that way). The various sites point out that there are security issues, but that’s because of the lack of reversible transactions (bear in mind that scams take advantage of that factor). Throw in the lack of regulation and limited background checks, and there are some good reasons for not using e-gold. Also, the value of the gold in your account may vary (as gold is a commodity, its actual worth depends on the current value in your country).
However, for all of its limitations, e-gold is still considered one of the most secure ways to transfer funds, and is still one of the most convenient ways to move money around on the web. Also, there is a certain level of security in knowing that your transactions are backed by something solid, rather than mere paper money. Also, as you can request that your account be sent to you in metallic form, there is just beating able to touch your profit
The best way to make money from HYIPs is to use a HYIP Monitor. Visit on of the fastest growing ones at http://hyip-status.com!
Tags: autosurf, e gold, get, gpt, hyip, hyip monitor, hyips, invest, investment, money, online, paid, ponzi, scamautosurf, e gold, get, gpt, hyip, hyip monitor, hyips, invest, investment, money, online, paid, ponzi, scamShare This
investment @ 23 May 2008 08:33 pm by admin
No Comments »