Millionaire Quest: Update on one of my investments

Greetings Folks!

I'm sorry I took so long to get back to you. Lots of things just managed to get in the way.

Anyhow, I mentioned in an entry a couple weeks ago, that I hoped to have some good news regarding one of the programs I'm in. Well I'm happy to report that I indeed do have the good news.

Remember I mentioned that when I first got sucked into the world of HYIPs, the first program I actually joined turned out to be legitimate? I also explained how they had a little set back, and so things were moving slowly. Ok, let me give you a clearer idea of what happened.

This particular HYIP (they actually don't like to be regarded as a HYIP btw), basically invests in various kinds of opportunities. I can't give much details, as that would violate the terms of agreement. But what I will say, is that one of their investment vehicles was a pre-IPO. That is, they got the opportunity to purchase shares of a company before the company actually went public (or got listed on the stock market).

The advantage to this kind of deal is they get to purchase at a very special low price. If the company is any good, the price is expected to go up significantly once it gets listed on the market. So naturally I was excited to be part of this opportunity.

I scrounged up some funds (this was back in late 2005), and directed it into this HYIP. The stock actually got listed on the market within a few months, which is really a short time frame for this sort of thing. Well the market must have realised that I was involved. For as soon as it went public, it only briefly went a bit higher than the price I was in for, but it quickly took a plunge only to get worse as the months went by. So this caused progress in this HYIP to slow down significantly.

Well, the good news is that over the last month and a half, the stock price has been climbing significantly. I am pleased to report that the value is now more than twice what I got in for. And supposedly, after next month, it is likely to escalate a lot more.

Now it still has a lot lot lot more to go before this one investment will give me any meaningful return. However, the HYIP itself is almost in a position to get the ball rolling again. This should contribute significantly to my millionaire quest.

Ok, that's all for now.