Leaning is a continuos process. I hope reading through this will provide a learning situation where the mentioned shortcomings could be avoided.
HYIP is really High Yield, High Risk.
That's why the golden advice is never to invest what you cannot afford to lose.
The reason for this is to remove emotional attachments to its participation, and actually view it as it is: high risk - in case it goes that way anyway. Focussing on its high yield could portend grave danger if the other side is overlooked.
When I initially started the investment, I was a complete novice that allowed others to do my analysis. I also did not have any strategy whatever. I had not fully understood it nor really grasped the high risk factor involved.
Also, I was immediately inviting others massively trying to gain referral profits.
The result was very devastating. In fact there was a program I invested in that had already collapsed! I lost a lot of money, pulled a lot of people down and soiled myself in the process.
While I was trying to pick myself up, then the Forex market lure came in with even more stupendous profit percentages.
I then realized two things: The businesses are real and the returns are realistic! It just means I must get into the real business to stop being a victim of scams.
In my findings, I realized the monitoring programmes are very unreliable. A great number of them gives priority to the highest bidder on their site. They also have very minimal investments scattered across nearly all the programmes.
The forums were a problem too. Many promote one programme or the other and most members are often there for their referral benefits as well.
So there must be better yardstick to measure the programmes. I also decided to assist as many as I could in passing what I already know and experienced so as to reduce the number of scam victims.
I want to invite you to United Private HYIP (CLOSED) program which has been very profitable. I shall say more later on the required checks and how the program above has been satisfactory.
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