Good Day All.
In my last entry, I gave a synopsis of how I got involved with High Yield Investment Programs (HYIPs). I mentioned how last year this time, I was fully expecting to be able to retire in 7-8 months (from then), despite the fact of suffering a massive loss just a few months prior to this.
How did I manage to move from such a disaster to such great hope in so little time? Well, as it turned out, I had also joined a few more programs aside from the total fiasco one. Of these, one produced close to 90% per month, on an investment. Principal and profit would actually be returned each month.
At about the time when I discovered I had been scammed BIG TIME by the other guys, I discovered another program that paid 90% per month, and they were actually doing that for about 10 months up to that time. For the former, which I was already in, I had only invested a small amount, as I had little faith in it. For the latter, as I had just suffered great loss, I was very much reluctant to risk any more, so I only put a very small amount in. Oh how I now regret not putting the bulk of my funds in these, rather than handing them over to outright scammers! I would have made a tidy sum if I had.
Well as time progressed, I developed more confidence in these 90%ers, as I saw the results coming in. So I focused my funds in these programs, and managed to recover most, if not all, of my losses by January (last year). That is, if I were to withdraw everything, I'd have covered my losses. Based on these rates of returns, I had projected retirement by around July or August last year. Now I had a specific amount in mind that I wanted to reach, before doing any withdrawals. I was scheduled to reach that amount by the end of January or early February. Essentially the plan would be to withdraw some at that stage, which would have been enough to cover all my prior losses, and leave the rest to compound. Alas, Murphy's law came into effect at this point.
Just days before I was scheduled to be paid for one of the programs, trouble found its way in. The details are somewhat complicated. But the bottomline was simple. A big fat 0. That's right, I would get back nothing. I must say though that the operator of this HYIP was not a scammer, and it was due to malicious outside forces that caused the whole thing to end. It was still a sad end though. At least I still had my other 90% project going, or so I thought.
It was just a matter of weeks before the other 90% HYIP took a hit too. They had a series of unfortunate events in a short space of time, which essentially crashed the project. I had managed to withdraw all my capital before this, so I was not losing additional funds here. However, I had accumulated a decent sum in profits by this time, which now would never materialise, so there was still some emotional trauma to deal with. Of course, my retirement plans went right out the window. I can't say for sure whether the operators of this HYIP are scammers, but based on the evidence, it seems to be the case that these guys are honest, but just happened to have a string of bad luck. They are still in the process of trying to refund all those who suffered loss of capital.
Anyway, such is life. I should mention though, that the first HYIP I found from the google ads, which I mentioned in my last entry, turned out to be genuine, and is still operating. However, they have had some difficulties, which have slowed its progress. Nevertheless, things are progressing, and it might turn out very well indeed. They have said from the start that it would take a few years to become a millionaire, with the kind of small investment that I made. So things are not so off-track.
I should also mention that as of last week, for the first time in several months now, I have joined a new HYIP. This one is supposed to pay something like 60% per month. I have entered it with only a small amount. I'll give updates on how this is working out from time to time.
