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Monday, December 18, 2006

HERE IS WHAT YOU SHOULD KNOW ABOUT HYIP............

A Guide To Gold HYIP by Alice Dexter
Of the sundry "get-rich-quick" schemes doing the rounds these days, the Gold HYIP (High Yield Investment Program) has surely caught the fancy of investors and laymen alike. And for all the right reasons too.
What is a HYIP?
A HYIP is an investment program that packs in promises of almost unbridled riches. HYIPs are touted to rope in interests and returns ranging from 0.5% to about 100% daily, weekly or monthly. The prime lure of a HYIP lies in the fact that you can hope to gather as much as 500% of the profits within a year.
But, on the flip side of it, these HYIPs are generally online for a short period of time, from only a day to one-and-a-half years. So this makes it all the more risky for you because you would stand to lose every penny you have invested if heavens forbid, the HYIP shuts down.
You need an e-gold account to be able to operate within the HYIP circles. This is because HYIPs use e-currencies as their medium of exchange.
How To Find That Truly Golden HYIP?
High Yield is proportional to High Risk is the abiding principle of all those who have burned their fingers toying with HYIPs. But you can definitely strike the riches if you go about your HYIP venture carefully and armed with all the requisite information.
Well-wishers will advise you to go in for the private HYIPs. Albeit with low interest rates like 1-1.5% daily, 6.5-12% weekly and 25-30% monthly, the popularity and the feasibility of these HYIPs hinge on the fact you can keep up with these rates of return. Furthermore, there are many private HYIP programs that will offer you a compounding interest on your deposits so that you can maximize your chances of making it big.
However, these are exclusive privileges and you need a referral by an existing member to be able to access them.
Some Advantages With The Gold HYIP Web Sites
The advantages with the usual kind of HYIPs apart, going in for a service with the variety of gold HYIP web sites thronging the Internet comes with its unique set of benefits and conveniences for the customers.
For instance, your account will be updated almost as soon as you deposit, then you can collect your profits any time you desire and you can also redirect deposit sums from your account balance elsewhere. Besides, you can safely bask in the knowledge that at these webs sites your finances will be ably handled by a group of investment experts, so that you minimize your risks of losing money.
A Few Words of Caution Before You Go Forward With Your Gold HYIP
The promises made by the HYIPs are quite enough to send you into a daydream. But there are certain things that you should definitely keep in mind before you plunge into one.
- A worthwhile tactic to lessen your chances of your investment going up in flames is to not to put all your eggs in one basket. That is to say, you divide your investment amount between several HYIP, preferably equally. - Don't leave your interests in the investment accounts for compounding. Instead transfer them to your e-gold or e-currency accounts immediately. - Don't bite off more than you can chew. Invest only the amount that won't pinch if lost. Remember with a HYIP, neither your principle nor your profits will be guaranteed.
Don't be starry-eyed when it comes to a gold HYIP. Tread cautiously, because all that glitters may not always be gold.
About the Author
Alice Dexter is a successful writer and publisher of HYIP related issues, for more informative articles go to www.hyipreviewed.com

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