Friday, October 30, 2009

High Yield Investment Program ? Way Too Risky..But

I am not a fan of High yield investment program. I have been a victim of this industry and lost a a part of my earnings to so called HYIPs. They are rightly called HYIPS because 99% of them are nothing but hypes, ponzis and scams that mess up your bank balance. Having lost some money to high yield investment programs, I stopped monitoring the hyip monitors where the votes are bought and sold and hence not credible. With the only system of tracking the performance of hyip manipulated, I had no further interest of investing in any high yield programs.

These programs generally last for a few weeks or a few months and as soon as new investments start drying up, they do the vanishing act on one pretext or another. So, any investment opportunity that promises to pay you more than 25% a month and doesn't disclose it's income sources are most likely to be a scam or ponzi.

With that said, I still have one high yield program from three years back that's still paying and living up to the promises. While most hyips claim to make money through various dubious means like forex, oil, real estate and don't provide any proof , this program claims to make money from arbitrage betting in sports.

Arbitrage betting is not gambling. It's based on pure mathematics and happens when bookmakers have different opinions on the outcome of a game. Arbitrage in sports betting enables to bet on all possible outcomes of a match at odds that guarantee profit regardless of who wins. The site is am referring to is Gold Nugget Invest and has been paying it's members since 18th October 2006, a little over three years. That's the reason I don't group them with other so called high yield programs that last less than a quarter and often less than a week.

GNI , originally had a daily variable and weekly fixed investment plan. Now they have a three plans - Weekly fixed, weekly fixed premium and weekly fixed rollover plan. The first two plans pay 6% and 7.5% weekly respectively while the third plan pays 0.8% daily. There is a lockin period of 30 days for the first two plans while there is no lockin period for the third plan. To learn more about arbitrage betting and to invest with them visit the GNI website. Although I find them reliable, I'd suggest that you never invest any money that can cause hardship to your family if lost. If you have any questions, I'd be happy to answer them if you post them in comments. Your privacy is assured.