Let us create a 3d Digital eBook for you! DigyCat.com
HYIPs Investments or Scams?
High Yield Investment Programs (HYIPs) appear at first to be the secret to unlimited wealth and fortune, but as you can guess that quickly changes. However, I have found myself still using them in a very limited fashion as a generator for my digital currency exchange. I will discuss that in a later article. First, you need to understand the concept of e-currency. It is a digital currency that is traded and used for purchases on-line. In fact, it has no national boundaries, is handled in many different currencies and is very liquidible. While all of these factors make it a very versatile tool for the investor, it also makes it anonymous and therefore very attractive to the scammers and thieves. Be warned it is almost impossible to know whom you are dealing with or what they are actually going to do with your money. There are many types of e-currencies but I prefer e-gold for many other endeavors than Help.
Hopefully, my experience with HYIPs will help you to make wise decisions about your use or non-use of them. I was very hesitant when I first came upon HYIPs but the rewards were so tempting that I had to learn more. I surfed through site after site before opening my e-gold account. Then, I was ready to jump in and just like anyone who jumps in headfirst I ended up with a headache. Most of my initial investment of a hundred twenty dollars went to two sites I believed to be professional and well-maintained. As the old saying goes looks can be deceiving, after investing fifty dollars in each site I waited with the extreme anticipation for my first pay out a week later. I could not wait for my hundred percent plus profit. The week came and went and needless to say, I am still waiting to this day. In Fact I never received a penny nor even had an email return from either site. I licked my wound and decided not to give up. After about two more weeks of research, I came upon a forum that let investors rate the HYIPs. It was called the Ministry of Gold (MOG). I monitored it for a couple of more weeks, and then I was ready to try another hand. This time I invested another hundred dollars. However, unlike previous time, I invested five to ten dollars in twenty different HYIPs. To my surprise, all of these paid me. In fact, my initial investment doubled in the first week. YES, I was excited, too. But please continue to read this before you run out and invest in HYIPs. Over the next two months, I continued to invest ten to forty dollars in twenty-five different sites. Also, I kept investing extra money into one site, TradeInvest. It had been around over a year and paid an eighty percent profit for four weeks. Two months later, my original two hundred dollars had grown to over six hundred dollars. Soon, many of the HYIPs I was investing ten to thirty dollars in started to disappear. This did not phase me because of my sustain profits from TradeInvest. Low and behold come one-day tradei9nvest did not pay me. I checked the MOG forum and found that they had stopped paying everyone. To this day, they have just completely disappeared.
I was left with only about fifty dollars less than one fourth of what I originally started with. It was all in one HYIPs called prime fund. There is a silver lining to this story. Prime fund is still paying me one to three percent of my initial investment which is about sixty percent a month.
In conclusion, the many hours I had to spend in research, analysis, and follow-up for HYIPs was not worth the rewards. I do think there is money to be made with them but it will take someone devoting all of his/her time on a continuous basis to adjust to all the scams. I only recommend HYIPs as games not investments.
Steven Parsons, The Savvy Investor
Investing - Google News
This RSS feed URL is deprecated, please update. New URLs can be found in the footers at https://news.google.com/news
Building The Foundation For Wealth
You wouldn't build your home on anything less than a solid foundation. Similarly, you can't build wealth and financial independence without first having sound foundational principles to build upon.
Six Principles of Successful Investing
1. Begin investing immediatelyProcrastination is the number one enemy of investing.
Asset Location - Increase Investing Returns & Reduce Your Taxes
Location - Once the holy grail only for real estate investors is fast becoming the mantra for every stock, bond, and mutual fund investor. Experts and studies now recognize managing asset location is second only to asset allocation in determining the success of your investment returns.
How to Invest Overseas - Intelligently!
In recent months, many advisors have talked a lot about the wisdom of investing overseas, but most have failed to really address the way to do that. For new investors, investing in the U.
The Switzerland of Asia Shines
In many respects, Singapore is the Switzerland of Asia.Begun in 1819 as a British trading colony, the Republic of Singapore was founded in 1965 under the leadership of the current Prime Minister's father, Mr.
July 2005: Hurricane Forecasts for Weather Traders
Tropical Storm Arlene formed as a tropical depression on June 8, 2005 near 83 West Longitude and 17 North Latitude. Although Dr.
Powerful Hidden Techniques Mystery Formula - The Covered Call Option Trading Buy-Write Strategy
For better or worse, most option trading investors purchase stocks with the intent of holding their shares for an extended period of time.We do this mainly because the media and industry professionals have drilled into our heads, year after year, time after time, that it’s best to buy and hold.
Short Term Savings Products
When you invest, it simply means that you are putting your funds in products, in this case short-term savings vehicles, which will allow you to reap high financial rewards.Here is a list of the more common short term savings products you should consider investing in.
Trading Tips No 7: Developing a Casino Mentality for the Day Trader
I submit that the successful day trader would profit well to adopt a casino mentality. At first glance, this sounds reckless and nothing more than a gambling attitude - but it's not.
It Is Never Too Early To Start A Roth IRA!
The Roth is kind of weird until you get used to it in terms of how much you can put in (contribute) each year depending on how much you earn (compensation). Because of this you really have two limits, one dealing with your compensation and the other dealing with your contribution.
Introduction To FOREX
The Foreign Exchange Market, better known as FOREX, is a worldwide market for buying and selling currencies. It handles a huge volume of transactions 24 hours a day, 5 days a week.
The Basics of Tax-Free UK Financial Spread Betting
Financial Spread Betting (or Trading) offers a tax free method of speculating on financial markets.Quite simply, if you think a particular index, share, commodity, currency or sector will rise, you place an UP bet.
Part II of Day Traders and Swing Traders and Options? Maybe!
Before every protective put trade it is possible to calculateyour anticipated maximum loss. Use the formula: (stock priceminus strike price) plus option price.
Creating a Financial Future - Putting Your Plan Into Action Part 1
This column has previously discussed "picturing the future that we desire", and outlining a plan to achieve it. We mentioned that the plan must include goal-setting, measurement, and implementation.
Why You Need To Buy and Sell Gold Coins (Part 5)
Grading coinsThe condition of a coin is commonly summarized by a grade. Because the value of collectible coins often varies dramatically with grade and overly generous grading is not uncommon, reasonable grading proficiency is an important skill for collectors.
A Secret Revealed: Why Most (Day) Traders Fail
The following perspective on (day) trading comes from my many years of experience of active day trading or being the moderator of one of the largest day trading chat rooms on the Internet.One of the biggest problems I see with new traders (and even some old ones) has nothing to do with the software or the broker they are using.
Bankers in Denial
Denial is a ubiquitous psychological defense mechanism. It involves the repression of bad news, unpleasant information, and anxiety-inducing experiences.
Many people have, at one time or another, taken some of their hard-earned funds, and decided to put them in the stock market. These well-meaning individuals either acted on a tip they saw on CNBC, or actually believed one of those crazy faxes/emails that said XBXB @ $0.
Investing Offshore for Retirement
As an expatriate you are in a privileged savings and investing position. Make the most of the options available to you while you can, consider investing offshore for your retirement.
Stock Market Leaders and Laggards
Leaders are stocks that breakout immediately when the market confirms a new rally. In the first several weeks, strong stocks with leadership ability will breakout on volume above their 50-day average.
MyIdeal Domain Is For Sale - $8,000 For Enquiries eMail Us
© www.MyIdeal.biz - 2012