New HYIP

 MoneyMaking  No Responses »
Apr 052006

Edit: Left this intact to show what an idiot even the best of us can be :D . Despite my recommendation… … this site has collapsed and left people owed money. As usual they swear they *will* come back an pay us… but I think I can say my $40 has gone for good. If they do come back of course, I will be utterly amazed… and *very* apologetic… but I’m not holding my breath

But it *is* a case in point. Occasionally these sites collapse and people lose. HYIP’s are notoriously unsafe… even when compared with other forms of ‘online investments’ like wired surf. We live and learn… and (of course) try again.

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I’ve not finished the article on HYIP’s yet… and for a very good reason. I never recommend any program I’ve not got cash invested in and up until now I’d not found one I trusted. However, ‘a new kid on the block’ seems like a good bet for the future so I’ve dropped a few dollars in there to see how it pans out. Currently I”m ‘Number One’ on the depositors list… which gives you an indication of how new it is.

I figure if you want to take a chance and get in on the ground floor these people are as good as most and may prove better in the long run!

Posted by Welsh Dog at 5:43 pm  

Show me the money!

 MoneyMaking  No Responses »
Apr 042006

That’s all I’m asking… where is the *proof* the things pay out! Well right now I can’t give you any as I’m waiting on payments etc *and* intend to compound the income recycling it back through the accounts immediately in order to maximise the profit.

This is a reasonable strategy in some instances, e.g. when you have a number of plans operating, because you can be sure *some* will pay out and cover the losses from those that don’t. However, currently, because I’m only just starting down the road any single failure would all bar wipe out the meagre amount of capital I started with.

Just for reference, I only uploaded AU$100 to egold via e-forexgold which gave me an amount of US$60 or so to use as the working capital. Once (if?) the plans pay out I’ll split the income between *more* plans only investing $10 or so in each to begin with. I think common sense (of which I admit I have little) tells me that spreading the capital more thinly over several plans ought to ensure that at least some will provide a return. I can increase the amounts invested over time until I arrive at the US$10,000 figures some people invest. Allowing for compounding this ought to take around a year… so I have to be patient… not my style but hey that’s the way it goes.

Of course, common sense *also* tells me that once I’m convinced the plans work then I ought to add as much in as I can. On that basis, I ought to upload around AU$100 a week or so… after all, I would spend more than that on a night out… and I regularly spend $50 on the lotteries which rarely if ever repay even the stake money!

So… watch this space!

Posted by Welsh Dog at 4:58 pm  

Ok there *are* profits to be made!

 MoneyMaking  No Responses »
Apr 012006

Well I joined up with one of these plans… stuck US$10 in at 55% return per day… and got US$11 back. What they didn’t tell me was that the original $10 was ‘lost’, in otehr words, the $11 was profit… the $10 was loss… so I made $1 :D

You may laugh… but this was $1 a day for next to no risk… so did I put more money in? Well no actually… not because I didn’t want to, but because I think I found an even *better* payer so have stuck US$30 in there to see what it produces.

When I get the return sorted I’ll start letting you know but it looks like this program is indeed relatively safe to get into.

So for starters, I think you can safely say that Wired Surf is *the* place to be right now!

(and is you decide to join up please use my link it costs you nothing but I get some referral cash – which all helps :) )

Posted by Welsh Dog at 3:10 am  
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