High Yield Investment Programs (HYIPs) appear at first to be the secret to unlimited wealth and fortune, but as you can guess that quickly changes. However, I have found myself still using them in a very limited fashion as a generator for my digital currency exchange. I will discuss that in a later article. First, you need to understand the concept of e-currency. It is a digital currency that is traded and used for purchases on-line. In fact, it has no national boundaries, is handled in many different currencies and is very liquidible. While all of these factors make it a very versatile tool for the investor, it also makes it anonymous and therefore very attractive to the scammers and thieves. Be warned it is almost impossible to know whom you are dealing with or what they are actually going to do with your money. There are many types of e-currencies but I prefer e-gold for many other endeavors than Help.

Hopefully, my experience with HYIPs will help you to make wise decisions about your use or non-use of them. I was very hesitant when I first came upon HYIPs but the rewards were so tempting that I had to learn more. I surfed through site after site before opening my e-gold account. Then, I was ready to jump in and just like anyone who jumps in headfirst I ended up with a headache. Most of my initial investment of a hundred twenty dollars went to two sites I believed to be professional and well-maintained. As the old saying goes looks can be deceiving, after investing fifty dollars in each site I waited with the extreme anticipation for my first pay out a week later. I could not wait for my hundred percent plus profit. The week came and went and needless to say, I am still waiting to this day. In Fact I never received a penny nor even had an email return from either site. I licked my wound and decided not to give up. After about two more weeks of research, I came upon a forum that let investors rate the HYIPs. It was called the Ministry of Gold (MOG). I monitored it for a couple of more weeks, and then I was ready to try another hand. This time I invested another hundred dollars. However, unlike previous time, I invested five to ten dollars in twenty different HYIPs. To my surprise, all of these paid me. In fact, my initial investment doubled in the first week. YES, I was excited, too. But please continue to read this before you run out and invest in HYIPs. Over the next two months, I continued to invest ten to forty dollars in twenty-five different sites. Also, I kept investing extra money into one site, TradeInvest. It had been around over a year and paid an eighty percent profit for four weeks. Two months later, my original two hundred dollars had grown to over six hundred dollars. Soon, many of the HYIPs I was investing ten to thirty dollars in started to disappear. This did not phase me because of my sustain profits from TradeInvest. Low and behold come one-day tradei9nvest did not pay me. I checked the MOG forum and found that they had stopped paying everyone. To this day, they have just completely disappeared.

I was left with only about fifty dollars less than one fourth of what I originally started with. It was all in one HYIPs called prime fund. There is a silver lining to this story. Prime fund is still paying me one to three percent of my initial investment which is about sixty percent a month.

In conclusion, the many hours I had to spend in research, analysis, and follow-up for HYIPs was not worth the rewards. I do think there is money to be made with them but it will take someone devoting all of his/her time on a continuous basis to adjust to all the scams. I only recommend HYIPs as games not investments.

Steven Parsons, The Savvy Investor
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