Have youever thought of investing a small amount of money online in order to have asmall return? If yes, I am sure that you
found a lot of
sites that promise youthat with $1 you can earn thousand of dollars. They say for example that if youinvest today $1 tomorrow you will earn $1.2, which means 120% return daily.With a simple calculation you can see that after one month you will earn $237with an investment of only $1. Very lucrative I can say, but can this be true?The answer is that in most case it cannot. Although the calculation is correctthere are very few sites of that kind on the net (namely High Yield InvestmentPrograms-HYIP) that can survive more that one week. The most of HYIPs are scamsthat want to take your money and run. The truth is that they do not invest yourmoney as they say. What they do? Ponzi game. This means that they use the moneyof the first investor to pay the
second, the money of the second to pay thethird and so on. This cannot continue for ever for two reasons. The first oneis that running a Ponzi game is illegal and the second is that after some daysthey will not have more money to pay their members. That’s why after a few days they take all themoney and they close. But, this is not always the case. There are some HYIPprograms that are online for one year or more, what about them? Probably theyare real investors or they simply they want to earn a lot of money before theyclose, they are big scams. For example, let’s remember the case ofSolidInvestment. That was the biggest scam on the net. They claimed that theirsite was online since 1997 and since last year none had ever lost a payment,until one day suddenly the site closed and its admit took with him a lot ofmillions of dollars. So, before starting investing online you must have in mindsome very simple and important rules: - Do notinvest what you cannot afford to loose (its more possible to loose than togain)- Do notbelieve the site’s stats. It is very easy to make them up- Do notinvest in a program if it is too new, nor if it is too old - Beforeyou invest visit some monitor sites or some relevant forums. - There arealways some real investors, but it is not easy to find them.