HYIP Programs???

[EHadden]

If this is the wrong discussion room for this topic, I apologize in advance...

I have, for quite some time, been poking around on the web for different ideas/strategies for helping myself to work smarter not harder. I have come across these HYIP (High Yield Investment Programs) all over the web and am curious if anyone in the forums here have ever participated in anything like this. If so, what is your experience? I have learned that in life, if something seems to good to be true, then it probably is, but at the same time, some of the best things are the most obscure (or off the wall).

It seems like these programs COULD be legitimate, but I have a hard time believing that it is true. Any experiences that can be shared? They sure would be appreciated! Thanks!

Eric

[jeffrey]

They are scams. A sure sign is if the offer is for a return on investment per <b>day</b> or <b>month</b>. You will also find that they are presented in such a light that everything is general with no concrete method of how the returns are being created. The best way to think about it this - if you found a method that would create 5% a month returns, would you go onto the Internet and tell everyone? If anyone could guarantee those type of returns, they would not be telling you, but investing as much of their own money as they could.

[EHadden]

I appreciate your reply, and I imagined that they were. I'll tell you what, though, if I can find a way to generate a 5% return, I will be sharing it with this forum, simply because I am getting so many great ideas from it, I feel that I need to give something back.

[jmjj215]

Please do share if you stumble upon such information

[34saving]

Actually, I think there are legitimate programs out there that pay a lot in return. The drawback? They're INCREDIBLY risky. These are investments that banks are steering clear from. There's probably a reason for that. (BTW, most of my knowledge of this type of thing is based on the real estate market. You act as a "hard money lender" or even a credit partner and supposedly you get paid a lot. And it's all secure, right? Because it's back by real estate, right? No. If a real estate developer can't get money from a bank, then they probably shouldn't be getting money from you . . . .unless you've got a lot to spare and like playing the lottery. . .

[Armywife]

It's funny because I've been doing some researching on HYIPS and other forms of high yield returning ventures and have found that none of them are concrete. Their contact information is bogus, yet people still send money.. it's scary! I have found one fairly decent place that inspires a little bit of confidence.. and I am quite happy with it. I guess YMMV when it comes to online ventures.

Barb