This is probably a really silly question, but i have seen HYIPs mentioned a few times. What is that exactly?
Thanks in Advance
Cheers
Emma
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This is probably a really silly question, but i have seen HYIPs mentioned a few times. What is that exactly?
Thanks in Advance Cheers Emma high-yield investment program (HYIP) is a type of Ponzi scheme, which is an investment scam that promises an unsustainably high return on investment by paying previous investors with the money invested by newcomers. oh THANKS for answering that, sounds like some type of Pyramid, where only the top people are earning, no thanks not for me. thanks once again. Blessings Emma
does any HYIP work?
Simply put no... there is no sustainable HYIP as their payouts eventually exceed what they take in from new members. It's basically a form of gambling and some believe that there's a way to beat the system, but really if you make any money it's luck.
If you want to profit from a HYIP make one... everyone will end up hating you (and probably trying to take you to court), but you'll have money... Though I think there are enough legal ways of making money without tricking people... does any HYIP work? HYIP = High Yield Investment Program. Programs that pay high % of profits are known as HYIP programs. Even forex trading and stock markets can be termed as HYIP because many times forex & stocks earn 100% or more profits in a month. HYIP and ponzi are 2 different terms. Some HYIP programs have real trading or real business to support their payments to members, so they are not ponzi.
The problem is in those words High Yield. Very few investments can offer a consistent high yield.
In the stock market you might be fortunate and pick a stock which suddenly rises sharply, true, but stocks are a far different proposition to HYIP programs which say they guarantee high returns. No one can guarantee that good returns will come about, whether through betting, forex, stock market or wherever. |