A "high-yield investment program" (or HYIP) is, according to the highly regarded website Investopedia, nothing you want to get involved with. It's a term applied to any investment program that offers too-good-to-be-true promises of unusually high returns on your money. These are typically "Ponzi schemes". Walk away. If that's not enough information for you, continue reading.
Understand that HYIPs are risky. Put more bluntly, they typically are scams. Their promises can be most enticing. If you absolutely can't resist putting money into a HYIP, make it a really small amount. If you make a profit, you might consider investing another very small amount. Don't ever commit much money. You could well lose it all. Any "guarantees" they offer are unenforceable.
If you think that the possible profit is worth the risk, then your next step is to find a reliable HYIP, assuming that's possible. There are a number of websites which list various HYIPs and receive commissions from such plans for referring you to them. If you can't stop yourself from investing in a HYIP, this would be a place to start. Such websites will offer information on various HYIPs. They in no way guarantee the viability of such investments.
Determine whether a HYIP is actually making current (or recent) payments to its clients. Ask the plan administrator for contact information on happy customers. Find out how long the plan has been making regular, reliable payments to its clients. If it's been less than six years, don't get involved.
Assuming you're still interested, create an account. Invest a very small amount to begin with, and never invest a lot at any one time, even if you've seen good returns. Ponzi schemes will pay off well at first, then fall apart later.
Tips
- Check HYIP monitor sites for information on recently begun plans. The newest plans will sometimes pay off well in the beginning. It's possible (but not guaranteed) to make an early profit and then get out.
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Visit respected HYIP monitoring websites, those that have a huge list of high-yield investment programs. Some popular HYIP monitors will refuse to list plans that fail to pay off reliably for their clients. -
If you earn back at least as much as you've invested, you might consider being more aggressive in your investment decisions. If you can avoid an overall loss, consider yourself ahead of the game. -
Visit an online HYIP forum. Check out recent pages for reports on scams and non-paying or selectively paying plans.
Warnings
- Keep your investment small. The more you invest, the higher the chances that you'll lose some or all of it.
- Do not invest money you cannot afford to lose. The chances of losing money here are rather high.
- In some countries investing in or promoting HYIPs are illegal. That should tell you all you need to know.
- If an investment plan claims to be able to pay you substantially more interest than traditional investment programs do, walk away. There's no such thing.
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