Friday, July 24, 2009

HYIP game rules saved the day

I'm glad I followed a set of rules when investing in a number of HYIPs recently. I'll post them here for any of you to comment on.

My rules for HYIP investing is that I consider all of them to be a scam that last an average of 6 months - although I need to prove this number statistically still - I'm just going by what some other HYIP monitor said on his website.

I take all profits out until the investment becomes risk-free. In other words, before compounding or re-investing, I take out, over time, a total sum equivalent to the initial investment. Any profits after that become divided. I take out a portion for my spending income and I reinvest a portion back into a HYIP.

I had invested in three HYIPs over the last few months, GoldNugget, Novalex and Asian Invest Group. It seems as though Novalex and Asian Invest Group are heading into the bust category... According to MONEYnews (http://money-news-online.com/monitoring.html), Novalex is not paying out. Even though it reports Asian Invest Group as still paying, the site is down and has been down for a number of days. Gold Nugget is however up again after a few days of problems. Yesterday all three sites were down and I thought all the money working in them had gone poof in one day! So one in three programs still alive seems like good news today.

Any other thoughts from you all?

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