Online High Yield Investment Programs (HYIP): How to make Money in 4 Easy Steps

As I mentioned earlier, I am a rookie when it comes to money matters. But thankfully I had my brother, an Investment Banker, to guide me and keep me out of the red. His advice was simple: ‘Never invest more than you can afford to loose.’ This is the golden principle. All investments should be viewed with risk even though a company may claim it isn’t!! (If you ever read the small print – the terms of service – you will see what I mean)

* Step 1 is to create an E Gold account.

It is completely free to join and very easy to set up. All the investment firms I have come across thus far accept e-gold (for the majority it is the only payment method they accept) as it is one of the safest forms of payment around. Click on the link above (or open it in another window) and sign up today. Remember, it is ok to pass on your E Gold account number in order to pay or receive payment. But never divulge your E Gold passphrase to anybody.

* Step 2 is simple enough: Choose the firms you wish to invest with!

Now, why have I listed this second when most people would put this at the bottom? The answer is simple. Investing is about assessing the risk relative to the potential gains. Therefore, if the companies out there aren’t offering you the level of rewards you expect, then there is absolutely no point of opening your wallet. Better to keep those hard earned dollars where they’re safe.

The real question is how do you spot a ‘ponzi’ scam from a genuine money making opportunity? In other words, how do you know whether the company is legit?? Put quite simply, you don’t. Obviously, if you are willing to spend the time and effort researching the company it is quite possible (after weeks or months) to unravel even the most elaborate of scams. But it should be borne in mind that the method used by the majority is to defraud victims many months down the line, just as trust is being established and investments are getting larger. However, my strategy overlooks this massive hurdle – I say that they are all scams! You should think in terms of making only a short term profit. Hey, that’s still a profit!

Any scheme offering investors 300% profit (or more) in less than 30 days should be avoided. From my experience these are all bogus and have absolutely no way of backing their claims. Additionally, I prefer to avoid programs that hold on to my money for too long, although some of these may actually be legitimate investments. (I’ll explain why later). Typically, ‘good’ firms offer less than 1% daily for all smaller deposits.

Below are links to some of the better firms I am currently investing with. They all have extremely good security features on their websites, and have been paying me regularly without fail for several months. But remember, I do not endorse nor can I vouch for any of them (I am a very mistrusting individual!!).

Click on the links (or open the pages in a new window) and register while you can. It is completely free, and there is no obligation to deposit. All you need is a valid email account (yahoo or hotmail will do).

Join these sites lite-business 6k-finance eutradeltd troybank proinvestment

* Step 3 is to join an exchange provider.

To deposit money into your E Gold account you will need convert your currency (dollars) into the equivalent weight in gold (e gold). I use ‘Omnipay’. They are extremely secure and have a three tier validation process. Also, they offer the best prices of all the firms I have looked at. However, for non US residents other service providers may be more cost effective or practical. The ‘Londongoldexchange’ offers reasonable rates and are also including a feature where they can accept credit card payments.

* Step 4 is the strategy. (Or at least what I did!!)

The plan is to make back your principal (that’s your initial investment) as soon as possible and then only reinvest from the profits. I know, it sounds too simple! But that’s because it actually is!!

Before you start, I suggest setting a clear limit on how much you are willing to spend. Remember, assume this to be a figure you are comfortable loosing - trust no one. As I stated earlier, I am actually making substantial profits from all the firms mention above. But who knows how long these businesses will last? According to my brother, the business plans of most HYIPs are shabby at best, especially the smaller firms, and can not me sustained for very long. Therefore, it is imperative to act quickly (yet cautiously).

I personally had a limit of $500 with each company. You should vary the amount according to your means. If however you are struggling to find $100, it may be best to avoid such a risky business venture altogether.

Now obviously I’m not stupid (well I like to think so anyway!), so I had no intention of throwing away $500 from the offset. Instead, I started off with a measly $10 investment, as I suggest you do. All the firms mentioned above have very low minimum deposits, and relatively short investment periods – that’s why I included them here! When you’re ready to take the plunge, go for it wholeheartedly. Put in the $500 (or what ever you can afford) and make sure NOT to compound your investment. This is because you want to withdraw an amount equal to your deposit (ie.$500) back to your E Gold account as soon as the investment term is over. And once this is done, you effectively have a free trade! Now you can turn on the compound feature (to start earning compound interest) and let profits soar.

It is important not to use the compound option from the onset because this adds your profits to your principal (your initial deposit), thereby ‘locking up’ your earnings. It is essential to keep the profits free initially so that you can withdraw the money that you first put in – I can’t emphasise how important this is. Also, I suggest after this initial withdrawal not to take out your profits too frequently. This is because the more money the firm has to invest the longer they can stay in business. Hence, by draining them of their funds you will be working to your own downfall. For this reason, I withdraw profits every three weeks or so.

High yield investment programs are not for everybody. Furthermore, there are substantial risks involved no matter which firm you decide to invest with. If however you are anything like me, and you feel the risks are dwarfed by the possible rewards, go ahead and invest till your hearts content.