HYIP – High yield investment programs. As the name suggests these programs offer high yield for your investment.
Why/How do they pay their members?
Every site is involved in some kind of program which requires investment to make profit. The best way of getting money is to borrow. Banks are a risk as they have high interest, so in turn they become the banks and offer members different plans of payment depending on their amount deposited. They generally have a wide variety of plans that are offered to its members.
All the owners of HYIP use the money they receive to deposit in shares, stock market, property, forex and many other money earning programs. From the profit they are making they give their members the promised incentives. There are even programs which don’t deposit in any program (These are the programs which are likely to turn scam).
HYIP is a very risky program. You can say it is almost like gambling, if your luck is good you will find the right program which will fetch you profit. If your luck is bad you will end up losing all your money. It is clearly advised for anyone to deposit money which you are willing to lose. You cannot look into HYIP as a solution to your financial status. This is really a high risk involved program. Members who have extra cash, which they are ready to risk, only should take part.
Before joining a HYIP always do a bit of background check on the site.
Look for proper contact details and see whether the support is responding properly for your queries about their investment plans or not.
Next there are number of monitors that are available on the net which constantly monitor these sites. So you can search in them to see the honesty of the site. There are sites which are in the market for more than 6 months also. The few other things is the look of the forum, their interest rate (should be reasonable and not hiked only to attract members).
Last but not the least you are solely responsible for your investment in a HYIP. So be wise and choose the right programs to invest, make use of the monitors.