Are HYIP’s Scams?
One of the most common questions I get when I answer peoples questions about passive wealth programs,is the most obvious. brian aren’t hyips scams?
By the way, in case you aren’t familiar, hyip stands for High Yield Investment Program. In theory an hyip is just field jargon for generating income from money you loan a company that’s a lot higher than a bank could ever give you.
Through the years, companies have offered anywhere from 30% per year, to 5-25% per month or even 2% per day. Most hyips DO come and go. A few have lasted well over 15 years. I’m in one now that’s been paying
out almost 30 months and have made $200,000 with it.
The answer is hyips aren’t scams, but the companies that start them up can be scammy.
Here are some questions to ask yourself before considering joining an hyip:
1.) Do the owners have a track record for success?
2.) Have they ever been convicted of fraud?
3.) How to they generate the returns required to pay members?
4.) How long have they been paying?
5.) Are they currently late on their payments?
6.) Do they keep in touch with their membership?
7.) Do they have long term plans for their members?
The reason I say hyips ARE NOT scams, is because if one is run right, they can afford to pay out over 100% returns WITHOUT using money from Peter to pay Paul.
If the owners of an hyip are really doing good FOREX trading while implementing stop losses, or investinging certain Real Estate Development projects, etc..
It IS possible for an hyip to maintain sustainability in the long term.
The reason why many are skeptical is because historically so many companies lied about being in FOREX or Real Estate, just ripping off the members.
But people are recovering from that blow thanks to Books mentioned here.
by Brian Garvin
