How to Protect Yourself from HYIP Frauds
Don’t send them your money.
Yes, it really is that simple and easy — if you can control your greed-induced stupidity.
Yes, I know some people claim that some High Yield Investment Programs are honest and legitimate. Unfortunately, I see no evidence to support this claim — and find many good reasons to believe that all HYIPs and HYIP monitor sites are frauds from the get-go.
HYIP is short for High Yield Investment Programs. These are basically web sites which ask for your money in exchange for a guaranteed return on your investment which if true would shame Warren Buffett with his inadequacies and failures as an investor.
Returns of 1/2 to 5% DAILY! 6% weekly. 10% monthly. 730% annually.
Those are figures I just pulled from a small sampling of recommended HYIPs listed on an HYIP monitor site. Others claim more or less, but these are typical.
Hungry for returns like these? Most people are. They sure make ordinary mutual funds look weak and insipid don’t they? Makes you wonder why ordinary mutual fund managers earn millions of dollars when they can’t even guarantee a return of a mere 1/2% per day.
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