Professional investors are aware that not every investing idea is a great one and you could make costly mistakes if you aren’t paying attention to what you’re doing. Here are some of the most common HYIP investing mistakes to avoid.
Desire to Get Rich Quick
The desire to make quick money borders on the misunderstanding that for successful investing you will have to analyze a lot of information and be on the alert constantly. Only 26% of investors earn, the rest lose.
It is important to understand that with $ 50 you will not earn $ 5 million in one week. High speed is measured in percent. And if we look at the real sector of the economy, then investing in a HYIP is one of the most profitable projects available to ordinary users. But this statement is true only in case of skillfully funds management. After all, one SCAM and ignoring the principle of diversification will lead to huge losses.
Trust in Believable HYIP Legend
An experienced investor know that every HYIP is a Ponzi scheme. But when a big new project appears with a professional admin, he manages to delude absolutely everyone. The disputes continue from the moment of the start and up to the scam of the project in the network. The question is: “What’s this — a real organization or Ponzi scheme?”
Desire to Get Super Profits
Forget about super profits forever. Even if you think that you can “jump in” and “jump out” from the HYIP while it is still paying, in strategic terms this is not just risky, it is guaranteed to be unprofitable.
Even under the belt of experienced investors, there were a mass of HYIPs, which promised 10% per day, but didn’t work even a week. Why believe in such fairy tales, if neither profit nor the return of the deposit will be in the end?
HYIP is a highly profitable investment project. Don’t exacerbate the already shaky situation. There is no huge rates and reliability rolled into one.
Reliance on Long-running HYIPs
If a HYIP has run for more than 50 days, then it can be called a “long-liver,” since this period is more than average. There’s no point panicking and closing all your deposits in 10 days, but blind faith in eternal/long life won’t lead to anything good.
You can often hear the same argument — if I withdraw, I will lose the profit. But no loss of profit can be compared with the loss of the entire deposit and interest on it in addition. Always remember that every day the likelihood of scam only increases, and the day when you will have to exit from its investments is getting closer.
The more investment cycles a HYIP passes, the higher are the chances that it will be going scam. And the lifetime of the HYIP isn’t an argument, because the project doesn’t produce anything, but only distributes finances between users.
Stand Aside From Investment Community
To be a good investor you need to become a part of the investment community and various media channels before you made your first deposit. This is a source of news, including insiders. You need to literally be like a duck to water in this eco-system.
Deliberately or unintentionally ignoring sources of information ends up missing the most important thing from view. For example, an insider that it is urgently needed to withdraw money and the project closes in a day.
Investing at the Start
There is a widespread belief that projects are more reliable at the start. It is reinforced by the fact that the risk of problems grows with each day of its existence. This is partially true, but monitoring for a couple of days isn’t only possible, but necessary. You will notice how the HYIP is developing and growing. It’s okay that you “miss” a couple of profit days because it is much more important to make sure that the service has a future.
This behavior will be a mistake only in the case of low-interest and mid-interest projects. If you work in fast HYIPs, then such a delay can create even more problems. In this case, Hit & Run tactic bails out, if it’s not too late.
Investing in HYIPs with Huge ROI
HYIPs with a huge return on investment (ROI) are obviously problematic projects. The only thing that you can do with them is to donate money to the administrator. He will take them from you gladly, and from hundreds of the same gullible depositors as well.
Such bets can cloud the mind. Such things happen, but you need to understand that the marketing model should be initially realistic. Otherwise, the admin initially has no chance that he will be able to pay dividends to at least someone.