Nowadays, there are so many different kinds of scams that it is hard to keep track of them all. This article will therefore discuss HYIPs (high yield investment programs) in particular, as these are schemes that have managed to take advantage of countless individuals in the past and continue to do so even today. With that being said, do make sure to read on till the end in order to know what these programs actually are and how to easily identify them.
One thing that should be brought to your attention though is that there is a difference between high yield investment programs and high yield bond investments. Both of these of course sound very similar so it is easy to confuse one for the other, but do note that at the end of the day, the latter is widely believed to be genuine whereas the former is usually considered to be disingenuous.
What are HYIPs anyway?
For those who do not know, a high yield investment program may be defined as a specific type of scheme that many people tend to invest in. These schemes would usually involve the taking of funds from various investors in exchange for phenomenal rewards, with certain advertisements even going as far as to promise more than 100% yield returns.
As a sizable portion of individuals like to take shortcuts and thus invest in schemes which seemingly promise amazing returns with little to no effort, many therefore tend to fall victim to such fraudulent activities. Any HYIP would thus usually involve paying off the initial investors with the money that would have been gathered via the new investors, effectively turning the whole thing into that of a Ponzi scheme.
Identifying a high yield investment program would require you to know a few things, so let’s get started. First of all, you should always strive to avoid any sort of scheme or program that sounds too good to be true. This is perfectly applicable to HYIPs too as more often than not, you would be promised incredible and guaranteed returns even though you may not know much about the investment itself or various other relevant factors.
Moreover, do make sure to check if the entity that you would be dealing with is genuine or not. You can do this in many different ways, such as looking up the organization’s history, its social media, its former customers, its product reviews and much more. Lastly, do not succumb to peer pressure as you may have certain friends or even family members who may have unknowingly gotten involved in HYIPs and would want you to participate as well.