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Friday, December 7, 2007

HYIP for DUMMIES..........continues

How To Avoid Loosing Money To HYIP Scammers
Firstly, let me start by saying there are no fool proof rules to investing in HYIPs, it a very high risk decision you are taking by investing in these programmes, even experienced investors still loose few bucks sometimes but the trick is to minimize you loss while maximizing your profit.

**Thing To Know, things to do & things to avoid:
The first and most important thing is that you have to make sure that you have enough and always updated knowledge on everything that concerns HYIP, then analyze your aims, what you need to achieve and how you plan to achieve them. When these are settled, you can now proceed to the next stage where you make your budgets and see if there’s any fund that you can afford to loss with going bankrupt or having a heart attacked, incase things goes sore along the line in your HYIP investment. And, start lowest no matter how high your excess funds are, don’t start high just because you have more than enough you can afford to loose. The fact is if you do, you will actually end up loosing most of the money all because you can afford to loose them and still have little experience, but the trick is to start as low as you can possibly go and while doing that you will be building your knowledge and experience until you’ll be informed enough to go high.

Don’t be let greed take over you right sense of reasoning, no matter how real a ghost looks its still a remains a ghost. Some of these programmes will offer you mouth-watering percentage profit that seems too good to be true, the fact is if it seems too good to be true, then it’s not true and that the way it is in the world HYIP. Don’t be deceived they might pay you for some few day just to built a little confidence in you and you also play into there hands, they will hit you with surprise.

Another trick I have used and has worked most times is to start low and keep it low. What do I mean by this; start with very low initial investment and at the maturity of your plan withdraw your profit and reinvest only the same principal if you wish to reinvest, at the maturity of your reinvestment, withdrawal the amount for the principal and reinvest the profit if you are still in the mood of reinvesting. When you do this you’ll minimize your loss just incase the HYIP folds up provided you have not recover your principal totally.

Get in earlier and get out fast; by these I mean you have to be up to date on the new HYIPs just lunching and make your investment as soon as possible in which ever one you are interested and convinced in (remember; start very low), here you also have to make sure you don’t go for long-term plan that will locked-in your deposit for a long time. Although, this might seems a little risky as too invest in program that has not yet been fully confirmed by many but the pros is that, I personally don’t think that an Admin of a programme would like to disappear in just 1day when he has very few investors in his program. So, he probably would hang-on for a bit more time to have a substantial amount and before that you will have been out of the programme with some profit.

Don’t put all you eggs in one basket; learn not to put all you money in just a single program no matter how wonderful the program seems to be performing. For instance, it is better to have $20 each in 5 different HYIP than to have $20 each in different plan of a single HYIP. I think this a simple enough to understand.

Some programme offer Compounding Interest; this is a system where you interest payment are added (compounded) to your principal as your plan proceed, while % interest are paid on you new principal (former principal + interest), you will not be able to withdraw you profit until you plan matured. This a trick use by some program admin to trick investor to lock-in there money in the programme which might not even last till half of the plan period, so get your profit out every single opportunity you get and if you know you might not have the time to withdraw your profit the very moment its ready then opt for an HYIP that pays directly to you e-currency account.

Take note of details, you have to make sure that you pay close attention to details; the time you made your investment, when you are supposed to be due for interest payment, when your plan is supposed to mature, by doing this you will be able to see any irregularities on time and mind you, when you do notice any ‘don’t take it for grated’, act fast, get through to the Admin/ Customer Service and demand for an explanation, immediately reanalyze the HYIP rating, check Forums to see what investors are saying about the HYIP. Believe me such irregularities are often eye opener to tell you its time to look else where, the Admin/ Customer Service will always have one excuse but don’t believe them, analyze their message thoroughly and you get your clues from there, get out your money while you are still able to. While making your analyses on the on the HYIP, don’t trust the rating of the HYIP’s independent monitoring sites, most of those guys are just bunch of liars paid to rate the HYIP positively, therefore its often possible to see a non-paying programme rated very high with the paying status, the best place to find the true status of HYIP is investors Forum dedicated to HYIP discussion, there you will be able to join investors that have invested in the HYIP in discussing the HYIP, whatever you get from there are more reliable since investors comment are based on their experience and not what they paid to do. Suffice it to say that there are some honest motoring sites you could still consider though but, personally I think you will still discover the same issue every now and then, even with the most respected Monitors. There are many other ways of analyzing HYIP just keep searching and learning

........to be continued

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