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| InvestingMac |
 Posted: Sun Feb 13, 2005 8:19 pm Post subject: Online HYIP Experiment |
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Investing Manager
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Welcome to the HYIP experiment!
Carrying on with an earlier posting, I decided I would test out a few online investment programs with small sums of money to see how they stacked up.
The experiment started on February 14 on these boards.
The experiment ended in all intensive purposes on March 23.
Is it possible to make money from HYIPs? Yes it is possible, though that doesn't mean we should lump HYIPs with regular investing options. HYIPs carry a lot of risk, and while the potential for earning is there, you must always be aware of the downside that also exists.
Some individuals I've spoken with since I first got involved with this online HYIP world a short month ago have managed to time their entry and exit from programs well enough that they have reaped the full benefits of the HYIPs. The more usual scenario? There are small gains matched by losses in another opportunity. Whenever someone wins, someone else loses out, and HYIPs begin to infringe on the domain normally held for gambling and chance.
HYIPs work, but they appear to be largely based on a ponzi scheme which means that they may not work for the long term. If they pay today, it doesn't mean that they will pay tomorrow.
I will be continuing to monitor the programs I am involved in, but I feel that the usefullness of this thread/discussion is most felt in a conclusive statement rather then an ongoing assessment.
HYIPs may present an opportunity for an alternative source of income, but they should not be relied upon or looked at as a casual investing endeavour.
For reference, I am personally involved in:
-StudioTraffic (Program crashing - 200%+ gained to-date)
-Prime-Fund (Program disappeared - gained ~200% before close)
-SyncInvest (Program disappeared - gained ~130% before close)
-JohnsonHYIP (Program disappeared - I lost ~$10 before close)
-FutureMillions (Program disappeared - no loss)
The bracketed information above was updated on Nov. 16/'05 to reflect the current health of the programs. Of the five, only studiotraffic is still in existence.
I'm definitely willing to answer any questions you may have about HYIPs, and I will make the odd major update about my experiences.
-InvestingMac
Last edited by InvestingMac on Tue Mar 28, 2006 9:48 am; edited 8 times in total |
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| InvestingMac |
| Posted: Wed Feb 16, 2005 11:33 am Post subject: ST Update |
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Investing Manager
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Edited out. Content included in main post now.
Last edited by InvestingMac on Sun Mar 06, 2005 1:23 pm; edited 1 time in total |
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| Benjamin |
| Posted: Sat Feb 19, 2005 7:51 pm Post subject: |
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Administrator
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Well thanks for the Investigative reporting Mac. This is very interesting to see how these work!
Are you developing a new hobby?  |
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| InvestingMac |
| Posted: Mon Feb 28, 2005 8:58 am Post subject: |
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Investing Manager
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| eInvesting Admin wrote: | Well thanks for the Investigative reporting Mac. This is very interesting to see how these work!
Are you developing a new hobby? |
It seems like I certainly might be. 
I'll update in here now and then on any progress. |
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| nemesis |
| Posted: Sun Mar 06, 2005 11:15 pm Post subject: hey |
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Member of the Month! March
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Hey InvestingMac 
Uhm i finally see a HYIP topic hehe. Well its really good that you keep track of your investments like that. Furthermore. All the HYIPs that you have chose are monitored and rated rather positiv. A great tutorial for beginner.
thanks nemesis |
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| InvestingMac |
| Posted: Tue Mar 08, 2005 7:13 pm Post subject: Re: hey |
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Investing Manager
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| nemesis wrote: | Hey InvestingMac
Uhm i finally see a HYIP topic hehe. Well its really good that you keep track of your investments like that. Furthermore. All the HYIPs that you have chose are monitored and rated rather positiv. A great tutorial for beginner.
thanks nemesis |
Thanks for your comments nemesis. Always be cautious when approaching these sorts of programs, and try to keep realistic expectations and overall risk low.
If you have any questions feel free to message me. |
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| nemesis |
| Posted: Wed Mar 09, 2005 9:45 pm Post subject: hey |
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Member of the Month! March
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Hey again InvestingMac,
here is just a small question for you! If you had to single out one of them which is the best, what will you chose? I head that they all are quite good but is there like a clear cut best?
Thank you
nemesis |
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| InvestingMac |
| Posted: Wed Mar 09, 2005 10:08 pm Post subject: |
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Investing Manager
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Hi nemesis.
That can be a tricky question. Each program posted above has their pros and their cons, and it comes down to which one is more suited to your interests. I personally advise against using a single program, but starting with one can be a helpful experience.
Some points to help you decide:
-StudioTraffic starts you with $10. You have no initial risk, but have to surf to earn the 1%.
-JohnsonHYIP allows you to withdraw at anytime (set 15% penalty), which is a major bonus. You earn 1.7% a day, and the website design is basic and straightforward.
-PrimeFund is fully automated, and can make daily interest payments to your e-gold if you so choose (I have chosen this and it has worked well so far). You can withdraw your principal investment at any time, but the earlier you do, the larger the penalty. Earns between 1%-3.5%.
SyncInvest, and FutureMillions are also there to consider, but I think the ones above are better for people who are interested in starting small. Being able to withdraw at anytime, or not having to put in money to start is a major bonus for a new user.
Hope that answers your question and sets you on the right track. Always work only with what you're comfortable with.
Last edited by InvestingMac on Fri Mar 11, 2005 3:44 am; edited 1 time in total |
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| nemesis |
| Posted: Thu Mar 10, 2005 9:48 pm Post subject: hey |
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Member of the Month! March
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Hi InvestingMac,
Thank you for your answer with explainations. I think for me the most appealing would be JohnonsHIYP, seems pretty decent yet all are tricky somehow,... i will take you arguementation into account. Thanks for reply |
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| nemesis |
| Posted: Wed Mar 16, 2005 7:13 pm Post subject: hey |
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Member of the Month! March
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Hey InvestinMac,
After all the updates, would you say it is worth it to go into investing or rather give it a shot with money doublers? |
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| InvestingMac |
| Posted: Fri Mar 18, 2005 3:22 pm Post subject: Re: hey |
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Investing Manager
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| nemesis wrote: | Hey InvestinMac,
After all the updates, would you say it is worth it to go into investing or rather give it a shot with money doublers? |
HYIPs are risky, but I would say Money Doublers can be even riskier. Many of them advertise for "pre-launch" (which is really the only time you want to join) but then never open. The ones that do open will cycle for a short period of time, but will most likely die out as soon as the early members begin withdrawing their doubled money. A "proven" money doubler is an oxymoron in my opinion.
If you have decided you truly do want to try your hand at these online money schemes, and accept the risk involved, then I would select a few HYIPs that appear to have good future potential. If you want to talk about the various programs, feel free to private message me on this board. |
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| nemesis |
| Posted: Sat Mar 19, 2005 6:10 pm Post subject: thx |
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Member of the Month! March
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Hey investingMac,
Thanks for your reply. I am still deciding which thing to do, because i feel like doing it hehe. Well i guess you are right. All of these schemes carry risks, and some are extreme, but nothing goes over trying. Well i will message you when i have decided...
nemesis |
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| lovelylovely |
| Posted: Thu Apr 07, 2005 10:27 am Post subject: |
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but some how i dont trust them at all
u never know no matter how good there reputation is
they can be gone the next morning with tears to shed only. |
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| InvestingMac |
| Posted: Tue Apr 19, 2005 12:37 pm Post subject: |
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Investing Manager
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| lovelylovely wrote: | but some how i dont trust them at all
u never know no matter how good there reputation is
they can be gone the next morning with tears to shed only. |
Oh I completely agree. I definitely do not view HYIPs as a legitimate, or recommended method of "investing".
It's best if you view it as a game (such as a lottery or a casino). You win some and you lose some, but you aren't betting your life savings either way. |
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| jstep |
| Posted: Mon Apr 25, 2005 2:13 pm Post subject: |
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Investing Associate
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I have not seen any that have been around for an extended period fo time
I see it as too much of a risk |
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