This past days, I was hooked in HYIP kind of investment. And I shared yesterday I think, my experience how frustrated I am when I don't received my investment back and the supposed profit.
I also include this information in my
previous article explaining what is HYIP, how it works and it's related risks it may have.
HYIP stands for High Yield Investment Program. A program which pay very high profit in a very short time. Example – 105% after 1 day. Which means if someone invest $100 in a HYIP then he will get $105 returned after 1 day.
Source Credit: Money-monitor.com
Investment involves a great deal of risk. Absolutely no HYIP can guarantee any profits and if it does, don’t believe it, the program is most certanly a scam. Investing in HYIPs you risk to lose your money every day – when a program closes it happens suddenly, at the moment when most investors don’t expect it (though experienced HYIP traders usually know when they should take the money out the program, before it closes).
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Because of what happened, I promised to myself not to invest again in that kind of scheme. But whenever I saw proof of payment from those who tried I really get jealous and wanted to invest again. I can't control my eagerness and I need to do something about it.
If you are a newbie like me in this kind of investment scheme there are important things you should know and perhaps needs time to study and learn that I never done before that's why I failed. In doing so we are preparing ourselves and training our skills to take risk at some point in our lives. If we failed always remember that we can get lessons from those experiences we've been through. It also good to experience new in our lives, we must plan and do some action to improve our living. Don't wait for the miracle to change your life instead invest your money and time to learn new skills that will help you in the future.
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Before You Invest:
Its common for me to be asked the question, " What are you into right now? "
Basically, you must have a reason or purpose why or what you are doing. Always remember Don't eengage in a battle that you are not familiar with. Take time to study the opponent. Take time to learn the basic on how to invest. Invest your time to plan before investing your money. Risk is always there but when you are well prepared and well informed about the situation you are going to enter It is more easier for you.
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Source Credit: capablewealth.com
The basic idea is you must have a reason or a purpose for what you are doing. If you have a purpose, then you have a driving force behind your actions. And if there is a driving force that you believe in, it will be much harder for a person or a situation to derail you from your course. Investing is no different.
Throughout your investing timeframe there will be many things that attempt to sidetrack you from your path, and it is your ability to stay the course that will ultimately dictate your success or failure.
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Now we already know the important and basic knowledge before we invest. Information through learning in important in our lives.
Back to my narration, Again after my investment failed I still saw some of the members if the forum where I belong too are somehow they are not discouraged even they lost some money or maybe they have a lot of capital to invest. Last night, it was actually late already around 10:30 in the evening Philippines Time I received a notification, informing me that someone I followed create a thread and when I checked, it was investment scheme again but this time it was a Doubler meaning it is more risky that before, the 130% After 24 Hrs.
This time it will double what you invest. I am really totally lost if I will invest again. I composed myself, and gather some courage to deposit my another investment.
I invested again but this time I already know the basic rule: Only Invest what you can afford to lose. My initial investment is $1. I deposited the money around 10:40 in the evening Philippines Time.
What I feel during this time is way more different than before. I'm not nervous anymore in the second time around. If I will gonna failed this time its okay for me at least I take risk and tried.
I received the payment directly sent to my payeer account. I supposedly receive $2 but was deducted with transaction fee.
But I took risk again, the profit I got from that site was invested again on that same investment scheme and tomorrow we will know if they will still pay me.
Lesson:
Don't be afraid to try or to take risk sometimes we need to invest not just money but also time to gain experience that will help us in the future.
Thanks for Reading!
I will try to invest also and try toto observe how high yielding investment program works.