This post is part of Free Guide to Investing in HYIPs. Read the previous article.
1) Do not invest money that you are not willing to lose
In fact, we will again repeat this rule of thumb, about which it has already been said many times in this blog:
“Do not invest money that you cannot afford to lose!”
If you forget what it means, check again in the chapter “How much should I invest?”.
2) Define your strategy
First of all, you should develop the investment strategy that suits your investor type. If you think like a gambler or you just want to try investing in HYIPs out of curiosity, you can start investing small amounts of money in high-risk programs. Just remember that in this case, the risk of losing capital is very high!
On the other hand, if you are not satisfied with the interest that the bank charges you, you can begin to invest in the (very) low-risk HYIPs. However, if you aim to create a stable additional income, you should determine your investment strategy basing on the following aspects:
- Your start-up capital
- The amount of money you want to get a stable investment from
- The period of achieving the financial goal
For details about strategies look below in the appropriate blogpost.
3) Do not make reckless decisions
If you make reckless actions, your HYIP investor career will be very short. Do not invest all your money in one program, do not invest without a thorough analysis, spend as much time as it is necessary to keep track of your investments. Then withdraw money to your account.
If at any point you feel that you have no time for a careful analysis of HYIPs and your investments, do not think in this way: “So, now I am investing exclusively in reliable HYIPs, later I will more often follow their work.”
This is absolutely unacceptable approach! You’d better stop to invest at all up to the point until you are able to pay enough time to your investments.
To be continued. Watch out for updates in the blog!