Letting your money work for you: HYIP

Many of you have probably heard about HYIP. It stands for: High Yield Investment Program. You'll come across it, but it'll come out one ear and go out the other.

But don't; HYIP programs are great ways to let your money you earned from your PTC sites and invest it into these programs. In Australia (don't know about other countries), if you put your money into a bank, you'll be lucky to even get over 7% p.a. That's only 7%!!! That means if you put $10,000 into the bank, after a whole year, you only would've earned at most, $700. That's like a few days pay.

But not in HYIP. Most HYIP programs that are stable will offer anything between 0.5% to 5% A DAY with compounding available! Depending on how much money you invest, you can start as low as $1 (at HyperCompound, for example). They give 1.5% per day for your $1-$99 investment (you can investment way more if you want, but we're taking little money as an example), and invest as long as you want. Now, HyperCompound has an interesting investment plan, which is that they'll give you a bonus 0.01% per day invested, but they'll take a fee if you want the principle back before 100 days, but that's a whole new story.

Anyway, assume you invest for 300 business days (without the bonus plan from HyperCompound), and you have 100% compounding, you could easily turn that $1 into... $87.06!!! That's great! And with the bonus plan with HyperCompound, that $1 could become.......... $1024!!!!!!! That is amazing isn't it?

But there is one catch: risk. HYIP's are extremely risky programs, and many come out crying. Super risky stuff, this is.

Anyway, this is just another method of making money online!