What is HYIP (High Yeld Investment Program)?
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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