What is HYIP
HYIP is an abbreviation of High Yield
Income Program. What it means is that investing in a HYIP will bring
great returns on your investment.
Are HYIP Legal?
The real HYIP's are legal, they are a
form of investing, but they are only legal if you declare your
earnings from them on your tax form (similarly, you can put your
losses on them aswell). However, Ponzi's are not legal, anywhere or
in any country under any circumstances. It's your choice alone to
invest in them and take the risks.
How Much Can I Make?
It depends entirely on how much
you invest (obviously the more you invest, the more you make), and
the daily percentage of the program (higher daily percentage = more
money daily).
How Much Can I Lose?
Again, you can lose as much as you
invest. Therefore remember the golden rule of HYIP: ONLY INVEST WHAT
YOU CAN AFFORD TO LOSE.
How Much Can I Invest?
Depends on the company. Some
companies allow you to invest from $1, and most have no upper limit.
Check the specific company for more details.
How Do I Invest?
You invest your e-Gold into the
companies. Actually making the transaction is simple, enter the
amount you wish to invest, and away you go.
How Do I Know They Are Not Scams?
Simple and straight
answer: You don't. You can take advice from people in the industry,
read forum posts. The decision to join should be entirely your own,
and you should understand the risks involved.
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