Has anyone here tried a high yeild investment program online? (HYIP's) Are they legal? They advertise paying out unbelievable amounts of daily compounded interest. Seems like making money on them is possible but, you would have to get out in time before the bubble bursts.
High yeild investment programs..... scam or actually a quick way to make money the risky way?
solidinvestment.com is located in the country of Belize. Investing in Belize is about as safe as investing in Nigeria. It's a banana republic. As for rescapfunds.com, they are highly speculative, they say so themselves in the link below. I googled High yield investment program with the word "scam" and found out a lot. The US Treasury department considers the phrase "high yield investment program" a red flag that you are probably dealing with a scam. See the second link. I suspect you are reading too much spam e-mail...
Reply:Scam, watch out!
Reply:It depends on your definition of high yield. If you mean 10-14% it is out there and legitimate. Check out www.rescapfunds.com
Reply:scam
if u like a qiuck way to make money the risky way try poker :-)
Reply:scam
Reply:Never invest in high yeild for the short term, you usually loose money for the first few years.
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