What is a HYIP (sometimes called a high yield investment program, or a high interest income plan), you ask?
Well, it’s not what you’d call a traditional investment. Rather than trying to pick individual stocks and hope for the best, you’re better off investing in a program like this that essentially functions like a PONZI scheme (pay off now, rather than later).
While it may not be suitable for everyone, there’s a certain group of people that could immensely benefit from a HYIP investment. You see, a lot of the newer generation are choosing to rent, rather than buy, a property. However, this is a tricky choice to make, especially considering the high cost of rental properties.
Owning a property is still considered a secure and steady way to make money, but many people are choosing to explore the booming world of HYIPs. If you’re looking for a way to make quick cash, or are simply curious about what a HYIP is and how they work, keep reading.
What Is A HYIP?
As mentioned above, a HYIP or high yield investment program is not your usual, everyday kind of investment. Rather, it’s more like a PONZI scheme or a fraudulent multi-level marketing program (MLM). In other words, you’re essentially lending your money to a program with the promise of high returns. In exchange for your investment, you’ll receive an interest payment, sometimes called a return on investment (ROI).
How Do HYIPs Work?
The interest rate (i.e., the return on investment) on a HYIP is typically higher than what you’ll find on a standard investment. As a result, you can potentially make a lot of money a few years down the road. Here’s how it works:
Usually, when you make a normal investment, your bank or brokerage will only pay you interest on the money that you’ve actually managed to turn into cash. In the case of a HYIP, however, you’re lending your money to a program, rather than investing in a single company. As a result, your money will be pooled together with a lot of other people’s money, so that you can potentially earn higher returns. In case you’re curious, here’s an example of how a 2% return on an investment over 30 days can look…
You invest a total of $100 in a HYIP for 30 days. Your investment of $100 will then be split into 20 smaller investments of $5. Thus, you’ll end up owning a piece of a total of $100. In this case, you’ll earn $2 for every $100 you invest – that’s 2% per month, or $24.40 per year.
On the surface, it seems like a great idea… especially if you’re looking for an affordable way to make extra cash.
The thing is, it takes a lot of trust to let someone else control your finances. As a result, many people are wary of letting their money go into a program like this. Thus, they opt for safer options like stocks and bonds.
Why Should You Invest In A HYIP?
Well, for starters, there’s a lot of money to be made. According to eMoneyResearch, 95% of people who’ve participated in a HYIP say they enjoyed the experience. As a result, they were curious about trying something similar. Plus, there are several reputable HYIPs out there that have a history of paying their investors. In other words, if you’re looking for a way to make quick cash you can’t go wrong.
Of course, it’s always a good idea to do your research before opting for any investment scheme. That way, you’ll know exactly what you’re getting into… and you can have the peace of mind of knowing that your investment is protected.
Where Do I Begin?
If you’re looking to invest in a HYIP, you’re best served by online platforms like Bitcoin Factory. However, since a lot of people are still wary of letting their money go into online scams, it’s important to find a reputable HYIP that can vouch for themselves. That way, you can be rest assured that what you’re doing is legitimate… and you won’t end up with any bad investments or ill-fated transactions.
How Much Do I Need To Invest To Qualify For A HYIP?
Well, it really depends on how much you’re able to invest. Typically, you’ll need to put down a minimum of $500 to begin with, along with a little more for the bonus offers. As a result, most people choose to make $5,000 – $10,000 investments to maximize their returns.
Now, if you’re looking for fast cash, you could start out with a $100 minimum investment and see how it goes. Remember, you’ll incur ongoing fees of about $5 – $10 per month, so it’s not exactly a free ride. In case you’re curious, here’s an example of how a $100 initial investment over 30 days can look…
You invest a total of $100 in a HYIP for 30 days. Your investment of $100 will then be split into 20 smaller investments of $5. Thus, you’ll end up owning a piece of a total of $100. In this case, you’ll earn $2 for every $100 you invest – that’s 2% per month, or $24.40 per year. Plus, you’ll incur monthly maintenance fees of $5 – $10, depending on the program.
As you can see, it’s a pretty good return on your investment. For fast cash, few things beat turning $100 into $24.50 in just 30 days… especially if you’re invested in a HYIP that offers high yields.
Is It Right For Me?
On the opposite end of the spectrum, you have legitimate HYIPs that offer secure, long-term investments. For example, eMoneyResearch notes that only 5% of the schemes they surveyed are considered high risk. Thus, if you’re looking for something more stable, a HYIP may not be for you. However, if you’re looking for higher returns or want to try your luck at investing, a HYIP can’t hurt.
When Do I Receive My Returns?
Typically, you’ll see your returns within a few days to a few weeks, depending on the scheme you choose. Remember, your investment is earning interest while it’s in the pool, so to speak. Thus, it could take a while before you start seeing the money.
However, keep in mind that 95% of the people who’ve participated in a HYIP say they enjoyed the experience. Therefore, it may be worth the wait… even if it’s just for the novelty of turning $100 into $200 in a short amount of time.
What Are The Risks?
While most people who’ve invested in a HYIP find them to be a decent option, there are still risks associated with this type of investment. Chief among them is the risk of losing your money. This can happen if the program isn’t able to pay back its investors or goes out of business. Another big risk is investing in a scam… especially if you’re unaware of the fact that it’s a scam. Thus, do your research before committing to anything. That way, you’ll know exactly what you’re getting into and can have the peace of mind that comes with investing in something reputable.
Well, there you have it. Interested in trying out a HYIP? Here’s a short summary of everything you need to know:
– It’s not a traditional investment, so it likely isn’t right for everyone. However, for those who can benefit from high yields and the stability of regular payments, it may be the perfect option.
– Make sure to do your research before committing to anything. This includes reading reviews, checking out the website, and getting contact details of the people behind the program. In other words, don’t just take the word of the program itself that everything is legitimate.
– Try out a few different programs and see which one suits you. By doing this, you’ll maximize the chances of finding the perfect fit.