Sunday, April 15, 2007
Offshore HYIPs
Offshore HYIP (High-Yield Investment Programs)
There must be 100s – if not thousands of those programs. And it should be kept in mind - as a rule of thumb – that the higher the return offered, the greater the risk! Returns offered may go as high as 100% or more per month.
Therefore the first rule that applies is NEVER, ever play with money that you cannot afford to lose, i.e. it is imperative NOT to use money needed for next week’s groceries or for the rent! But, ALL business involves risk; even banks are known to fail!
Therefore the first rule that applies is NEVER, ever play with money that you cannot afford to lose, i.e. it is imperative NOT to use money needed for next week’s groceries or for the rent! But, ALL business involves risk; even banks are known to fail!
Unfortunately because of the number of gullible and greedy people that abound – especially in the HYIP area - MOST (between 95 and 99%) programs are either fraud OR well meaning but short lived Ponzis. For those not familiar with a Ponzi, please go to http://www.mark-knutson.com and click on the link: “The Scheme; Ponzi’s early crimes – the Postal Coupon scheme”.
Having said all this – we have done our homework – AND sad to say, we’ve paid the price from time to time! The second most important rule with any HYIP is to take out your initially invested amount as soon as possible and only re-invest your profits (or part thereof).
Remember, we're here to answer any questions you may have - or to assist you in any way we can . . . click here
