The HYIP industry can be a great way to experience success in investing and a great possibility to get wealth and financial independence that is very important to anyone. However, HYIP can also be quite risky but if it’s done properly it can be quite lucrative. We all know that there is the chance to earn a substantial amount of money in HYIP and there are also a lot of scams associated with it. But there are also rules and steps for the investor to protect himself, and it is very possible for the investor to avoid scam and losing his investments getting involved in the wrong HYIP programs.
Say No To Scams By Learning The Following Tips:
1.You must be aware that a new program might turn out to be a scam as there are no testimonies yet. This doesn't imply that all new high yield investment programs are unreliable, I'm only trying to say that older ones with a good record are sometimes better.
2. Take time to run some little research on the site you're about to invest on. You should take your time to check whois record for the domain, when it's about to expire and so on.
3. Don't be too greedy! Investing in HYIP that promises 500% interest in ten days is most likely to be a scam. Try to use the power of your mind to discern what is real from a purely fake scheme to get a big chunk out of your hard earned money.
4. Diversification - the concept of spreading the money over a number of different investments or investment programs in order to reduce risk. It's the idea that one shouldn't put all of your eggs in one basket. Diversification is a good way to reduce your risk exposure to the market.
5. The most important rule is to always monitor your HYIP. You also get to know the status of your HYIP whether they are paying or not and how log they've been in business.
6. Other methods to avoid the horrible scam in investments are paying attention to details and asking questions. Undoubtedly, it is the best way to separate the good from the bad. Those who are well intentioned will be straightforward, knowledgeable, and will have nothing to hide or copy from others. So, go ahead and invest in HYIP, just be smart to make sure you are investing in a real opportunity.
7. Always join a hyip program from uplines who can always brief you with updates and guide you, joining from monitors can really be a mistake sometimes.
8.The most common mistake is full trust. Anyone can read such advertising: “Make $30,000 in 30 days - guaranteed - with this system!” or “Work just one hour a week and make $20,000 a month - Guaranteed!” OK but where is the scam there, you can ask? I give you an interesting example: one investor (and he was not a novice in HYIP business) invested some sum of money in such project. Guess what happened? But few days later the company did not pay any yields to him and also cancelled his membership. Not only dirty but cowardly. The sad thing is they play on people’s hopes and fears.
9. Constantly make it a priority to keep returning your principal investment opportunity and reinvest only the profits. This is how you can safeguard the principal amount
You should appreciate that a large amount of HYIP schemes are Ponzi Scams. Thus, if a program is suggesting more than 10% a day, it has to be the above-said scam. This calls for checking the interest.
You should aim for 0.5-5% daily, if a reliable program is what you are looking for.
10. Last but not least, repeatedly try to invest into new programs as opposed to concentrating on a particular initiative, if you are to obtain big bucks. This will prevent massive lost and always keep you in the game.
All of the above tips can positively benefit you to keep HYIP Scams at bay.
By Hyip Tutor.
