HYIPs? Good or Bad?

Those who want to work from home and look for good work at home jobs will definitely find programs called HYIPs because you can find them everywhere on the web.

What is HYIP and should you participate in such programs or not?

HYIP stands for High Yield Investment Program. As you can see they are investment programs that you can invest in them and earn interest from the money you have invested. I said those who look for work at home jobs will find them because they will search for easy and probably fast money making opportunities on the web and because most of them are new to internet and even computer and so they love to find a work at home job that needs no skill.

This is the best opportunity for scammer to cheat people and specially people who want to make some easy money within the shortest time.

No let's talk about HYIPs a little more. I don't like to refer you to one of the HYIP websites because I don't like you to lose any money but it would be good if I could do that as an example.

What would you do if you found a website that paid 3% interest in one month? So if you invested $100, you would have $103 after one month.

It could not attract you because the interest is not that high and on the other hand you could do it the bank which is more reliable.

BUT what if you find a website that pays 200% in ten days??? and it lets you reinvest and reinvest and reinvest...?
It means if you invest $100 you will have $200 after ten days. You can reinvest the $200 and after ten days you will have $400 and ... . So if you reinvest, after two months, your $100 will become $6400!

What if you invest $1000 instead of $100? You will have $64000 after two months and after one year you will become even richer than Bill Gates.

It is amazing, isn't it? This is the way the HYIP websites attract peoples' attention. When people calculate the money that it can make for them, they will become greedy and don't even think that how the HYIP program that pays 200% interests after ten days makes this huge amount of money. They always say on their websites that they invest your money in stock market, foreign exchange and ... but one should be stupid to believe that investing in stock market and foreign exchange can make such a huge amount of interest and NO loss.

Some of the HYIP programs pay regularly for a few weeks or even a few months to attract peoples' trust. So those who were skeptical and started with investing of low amounts will invest more. Then the HYIP website will be disappeared with peoples' money. I knew a HYIP program that escaped with about $24 million dollars. I wish I knew where?

Some other HYIP programs are not that greedy. They escape after a few days with about $20,000 but I think they have several different HYIP websites at the same time and when they close one they will open another one.

Some others scammers love to know how HYIP scams do it without getting caught. Well I'd better to say "I don't know" OR "I wouldn't tell them if I knew" but the good news is that there are many good people who know and can BUT they don't and won't.

It is good to make money but the way that you do it is more important.

So if you like to work at home and make money over the web, another golden rule is avoid HYIP programs and websites.